Biscuits Market Growing with Industry Size, Share, Growth, Future Trends and Forecast by 2030
Biscuits Market Overview:
The biscuits Market is expected to be worth USD 172.3
billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.90%
during the forecast period (2022 - 2030)
Biscuits are made with flour, sugar or salt, butter, baking
powder, and other substances depending on the flavor. Baked meals like biscuits
come in various flavors, tastes, and textures.
Around the world, people typically eat biscuits as a snack
rather than a full meal. Small and flavorful biscuits might be salty or sweet.
Biscuits are inexpensive, simple to eat, and simple to locate. It has a lengthy
shelf life and can be consumed for several months. Almost everyone around the
globe prefers it as a snack option. Because biscuits are necessary for every
global economy, growth is always accelerating. New varieties of biscuits in
enticing flavors are introduced daily to the market.
Because they are a simple snack alternative with nutritious
components, the Biscuits
Market is experiencing rising demand. The food-on-the-go trend
has been particularly popular due to people's busy lives. Since consumers think
of biscuits as the most frequent food item, this has significantly boosted the
market share for biscuits. Consumers are also being drawn in by a variety of
launches of biscuits that are organic, gluten-free, low-fat, and high in fiber.
There is a rise in demand for biscuits as a result of the companies' varied
marketing.
Market Segmentations:
The biscuits market is divided into types, distribution
channels, and geographic regions.
According to type
The worldwide biscuits market is divided into crackers and
savory and sweet varieties. According to a study of the biscuit business, sweet
biscuits held the most market share in 2020. The filled biscuits category in
sweet biscuits will expand at a rapid CAGR during the projection period. The
market for cream biscuits will grow in the next years due to the huge demand
for sweet biscuits worldwide.
According to the distribution channel
Based on the distribution channel, the biscuits market is
divided into independent bakeries, internet channels, convenience stores,
supermarkets, and others. In 2020, the supermarket held the largest market
share for biscuits.
According to region
The biscuits market is divided into North America, Europe,
Asia Pacific, and the rest of the world as per the region.
Regional Analysis:
● Due to the enormous demand for biscuits in nations like
India, Japan, and China, the Asia Pacific region dominates the global market
for biscuits. The demand for biscuits is rising as people's per capita income
rises. In this area, the demand for cream biscuits is expanding quickly. The
rising population in China is causing the biscuit business to grow.
● Due to large manufacturers in this area, the cream biscuit
and sweet market are expanding in Europe. Demand for biscuits will increase as
consumers' preference for healthy snacks grows.
● Due to the increase in the US biscuit market, the market
in North America will also experience tremendous growth. Due to the growing
number of health issues, US consumers have a big demand for gluten-free
biscuits, expanding the US biscuit market.
Key Players:
The Key
Biscuits Market Players such as Burtons Foods Ltd., Danone Group,
Jiashili Group, Kraft Foods, MARS, Kellogg, McVities, Mondelez International,
Nestle, Thomas Tunnock Limited, Uni-President, United Biscuits and Want Want
Group.
Industry News:
● Gourmet Food Holdings Pty Ltd, an Australian biscuit and
cracker company, was acquired by Mondelez International in March 2021.
● Kellogg's factory began expanding in January 2020 by
investing BRL 215 million (USD 68 million).
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