Biscuits Market to Reach USD 172.3 Bn by 2030, emerging at a CAGR of 5.90 percent and forecast 2022-2030
Research Reports
Oct 05, 2023
Global Biscuits Market Overview:
The global biscuits market demonstrates notable revenue growth in the future. The growing popularity of convenience foods would propel the biscuits market expansion. Market Research Future (MRFR) states that the global Biscuits Market value is predicted to grow from USD 115.3 BN in 2022 to USD 172.3 BN by 2030, registering a 5.90% CAGR during the assessment period (2022-2030).
Biscuits are popular among consumers looking to buy ready-to-eat snacking items. It is witnessing constant growth around the globe on account of the rising demand for convenient food products. It has become evident that customers are attracted to snacks that are both flavorsome and add convenience to their daily routines. Different types of biscuits, with enhanced nutritional value and digestive, are expected to experience a remarkable demand in the assessment period.
Besides, the rising preference for pre-packaged bakery products among the health-conscious population pushes the demand for biscuits, thereby driving the market. The intense product innovation and marketing campaigns by the industry players will also help the market to grow. This growth is due to the growing preference for convenience food products among the health-conscious population.
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The rising popularity of in-home snacking, coupled with the intense product innovation and marketing campaigns by the companies, substantiates the biscuits market size. Conversely, the high cost of raw materials is challenging the biscuit manufacturers. Nevertheless, biscuit manufacturers are reportedly trying to meet the demands of health-conscious, weight-conscious, and value-conscious consumers, which would support the market growth in the upcoming period.
Global Biscuits Market – Segmentations:
The biscuits market data has been segmented based on types, distribution channels, and regions. By type, the market has been segmented as crackers, savory biscuits, sweet biscuits, and others. By distribution channel, the biscuit market is segmented as independent bakeries, online channels, convenience stores, supermarkets, and others. The biscuits market insight covers the Americas, Asia-Pacific, MEA, Europe, and the rest of the world.
Global Biscuits Market – Regional Analysis:
North America leads the global biscuits market. Canada and the U.S. will be the major contributors to market growth, mainly because of their advanced technology, acceptance of prepared food items available in the supermarket, and the presence of major industry participants in the region, resulting in a high level of competition. The growing inclination towards convenience food products is a major biscuit market driver.
Global Biscuits Market – Competitive Landscapes:
Highly competitive, the biscuits 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 biscuits using plant-based ingredients. They invest substantially in product development and expand their global footprints.
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Major Players:
Leading biscuits market players are Danone Group, Burtons Foods Ltd., Jiashili Group, MARS, Kraft Foods, Kellogg, Mondelez International, McVities, Nestle, Thomas Tunnock Limited, United Biscuits, UniPresident, and Want Want Group, among others.
Industry/Innovation/Related News:
Apr.17, 2023 – Parle Products, an Indian multinational food processing company, announced its plan to expand into the Middle East market with its premium biscuits range. The Indian biscuit giant is looking to tap into premiumization trends in the Middle East due to the higher spending power and demand for its Platina range among consumers. Parle believes that the demographics in the Middle East are now favorable for premium biscuit brand Platina, comprising several different product ranges and its more mainstream brands.
Related Reports:
Savory Biscuits Market Research Report Information By Category (Gluten-Free and Conventional), by Ingredient (Wheat, Oats, Millets, Multigrain, and others), by Distribution Channel (Store-Based (Supermarket & Hypermarket, Convenience Stores, and Others) and Non-Store-Based) and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2027
Baked Foods Market Research Report Information by Type Baked bakery products (cakes & pastries, bread & rolls, donuts, biscuits, and others), Distribution channel (Food service and Food retail), by region – Forecast till 2030
Bakery Products Market Research Report Information By Product Type (Breads, Cakes & Pastries, Cookies & Biscuits, Bagels, Donuts, Pizza & Pizza Crust, Pies & Tarts, and Brownies), By Category (Fresh and Frozen), By Distribution Channel (Food Retail, and Food Service), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030
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