Cookies Market Outlook, Current and Future Industry Landscape Analysis 2030
Cookies Market Overview:
The Cookies Market will obtain a USD 45.4 billion value and
a CAGR of 6.43% between 2022-2030.
The cookies market is expanding rapidly due to the rising
population and increased consumption, particularly among consumers following
non-staple diets.
The main driver of the market's expansion is the
population's rising desire for goods made in bakeries. Other factors
influencing the market's expansion include the strengthening economy and rising
disposable income. However, the price of raw materials and rising manufacturing
costs are anticipated to restrain market expansion.
Due to the rise in chronic diseases, consumers worldwide are
becoming more health conscious and gravitating toward gluten-free cookies. One
of the main factors propelling the growth of the Cookies
Market Insights is the key players' focus on introducing
healthier oatmeal raisin cookies and snickerdoodles with natural flavours. In
comparison to chocolate and chocolate chip cookies, oatmeal cookies are
healthier. This is especially important for health-conscious customers who
value products that fit their active lifestyle. As more bakeries strive for
non-GMO Project certification, the rising demand for clean-labelled cookies is
predicted to alter the market's dynamics.
The COVID19 wave has negatively impacted several industries,
and sales and revenue are declining. According to the cookies industry study
report, the sector has numerous difficulties, just like any other sector. The
industry utilises fresh tactics to advance the procedures to meet these issues.
The industry successfully raises the sales rate among the targeted audience by
adhering to those procedures. COVID 19 has impacted cookie production due to a
shortage of transportation and social segregation policies.
Segmentations:
The Cookies Market is divided into different segments.
The market is divided into Bar, Drop, Molded, Rolled, and
Others based on product. Due to its long history in the consumer food list, the
bar category, which dominated the market in 2019, is anticipated to maintain
its dominance over the forecast period. Drop, Molded, Rolled, and the other
processes come after it, in that order.
The market is divided into Specialist Retailers, Online
Retailers, Hypermarkets/Supermarkets, Convenience Stores, and Others based on
the distribution channel. In 2019 the market was dominated by speciality
retailers, and this trend is anticipated to hold during the projection period.
Regional Analysis:
Europe, North America, Asia-Pacific, and the Rest of the
World are the four market segments that make up the worldwide Cookies
Market Outlook. The Asia Pacific region accounts for the largest
portion of them all. Following that, China, Australia, and India are the
principal nations propelling the agricultural market for cookies. The cookies
market is dominated by Europe, the third-largest shareholder nation, with North
America coming in second. The two biggest nations controlling the European
cookie market are the United Kingdom and Germany.
Key Players:
Major Cookies market players, including Mondelēz International, Britannia
Industries, Jiashili Group Limited, Nestlé SA, Burton's Biscuit Company, Lotus
Bakeries NV, Leibniz-Keks, Kellogg Co, Kraft Foods, Mars Inc., United Biscuits,
and Want Want Group, and others, are attempting to increase market demand by
funding R&D initiatives.
Recent Developments:
In August 2021, Mondelez International and MissFresh, an
online marketplace, launched OREO's new line of sandwich cookies without added
sugar, Oreo Zero, in China.
The Campbell Soup Company launched gluten-free Farmhouse
Thin and Crispy milk chocolate chip cookies and crisp butter cookies in January
2020 to expand the market for its Pepperidge Farm brand.
Jimmy's Cookies announced in 2021 that it would purchase
from Campbell Soup Co. the bread brand Ecce Panis and its South River, New
Jersey-based bakery facilities.
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