Cookies Market is projected to cross a revenue of US$ 27.56 Bn in 2022 and is set to breach a worth of US$ 45.4 Bn at a CAGR of 6.43% by year 2030 | by MRFR.
Research Reports
Oct 05, 2023
Global Cookies Market Overview:
The global cookies market is likely to grow steadily, witnessing constant product launches. Besides, increasing demand for creative and different types of cookies would drive market growth. Market Research Future (MRFR) asserts that the global Cookies Market is poised to escalate from USD 27.56 BN in 2022 to USD 45.4 BN by 2030, posting a 6.43% CAGR during the review period (2022-2030).
Cookies have become an indispensable part of modern lives due to considerations such as convenience, product simplicity, availability, and low pricing. The demand and growing popularity of convenience and ready-to-eat foods has increased significantly, which helps the cookie market revenue increase. Besides, the rising number of professional bakers and the popularity of convenience foods are key tailwinds.
From a storage and distribution standpoint, the industry has to deal with previously unheard-of demand from sellers and customers, especially for goods like cookies. Due to a sudden increase in demand, many cookie businesses have already started to alter their business plans. Cookies have begun to appear more often on shop shelves.
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Global Cookies Market – Segments:
The market report is segmented into types, packaging, distribution channels, and regions. The type segment is sub-segmented into bar cookies, molded cookies, rolled cookies, and others. The packaging segment is sub-segmented into rigid, flexible, and others. The distribution channel segment is sub-segmented into store-based and non-store-based. By region, the cookies market is segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Global Cookies Market – Regional Analysis:
APAC dominates the global cookies market, witnessing large demand. The rising preference for innovative food products and the presence of numerous key players are primary driving forces. Besides, the presence of many well-established cookie businesses is a major factor in the industry’s growth in this region.
The food and beverage sector greatly aids the market expansion in this region. Moreover, increased earnings, population growth, and urbanization substantiate the cookies market size. With the growing demand for convenience food items, developing nations like China, India, Japan, and Australia account for a sizable cookie market share.
Global Cookies Market – Competitive Analysis:
Highly competitive, the cookies market is largely driven by the presence of several well-established players. To gain a larger competitive share, mergers & acquisitions, collaboration, expansion, and product launches remain popular trends for industry players. Considering the rising demand for clean-label products, players are increasingly developing their products with natural ingredients. They invest substantially in product development and expand their global footprints.
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Major Players:
Leading cookies market players are Britannia Industries, Mondel?z International, Jiashili Group Limited, Burton’s Biscuit Company, Nestlé SA, Lotus Bakeries NV, Kellogg Co, Leibniz-Keks, Kraft Foods, United Biscuits, Mars Inc., and Want Want Group, among others.
Industry/Innovation/Related News:
Apr.10, 2023 – Last Crumb, a luxury cookie brand, launched its first gluten-free collection. These gluten-free cookies are made with Original Sunshine flour, comprised of non-GMO, unbleached wheat starch. As an exclusive e-commerce business, Last Crumb has carefully curated edgy social media channels to increase brand awareness and desirability. The growing need for a gluten-free cookie with natural flavors influenced the innovation. The brand’s typical non-gluten-free options will be available via its website.
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Baking Mixes Market Research Report: Information By Product Type (Cookies & Biscuit Mixes, Bread Mixes, Cake, Pastry, And & Muffin Mixes And Others), By Category (Gluten-Free, Conventional), By End-Use (Retail Customers, Food Service), By Distribution Channel (Store-Based And Non-Store-Based) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032
Frozen Bakery Market Research Report Information By Product Type (Breads & Rolls, Pizza & Pizza Crust, Cakes & Pastries, Cookies & Biscuits and Others), By Category (Gluten-Free and Conventional), By Distribution Channel (Store-Based and Non-Store-Based), and By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030
Organic Bakery Products Market Research Report Information By Type (Breads & Rolls, Savory Snacks, Cakes & Pastries, Cookies & Biscuits, and Others), By Category (Gluten-Free and Conventional), And By Region (North America, Europe, Asia-Pacific, And the Rest Of The World) – Market Forecast Till 2030
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