The latest research study “Biscuits Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global biscuits market reached a value of US$ 110.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 151.7 Billion by 2027 exhibiting a CAGR of 5.10% during 2022-2027.
Biscuits comprise a range of baked products generally prepared using flour, butter, milk, shortening, eggs, baking powder or soda, buttermilk, and other ingredients. They are usually flat, hard, crisp, and unleavened with savory or sweet flavors. Savory biscuits taste like crackers, while sweet biscuits contain sugar, chocolate, jam, cinnamon, icing, and crème. They are rich in essential nutrients, such as fiber, carbohydrates and fats, and are available in various shapes, flavors, toppings, fillings, and colors. As a result, biscuits have gained immense popularity as convenient and healthy packaged snacks among individuals of all age groups.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Biscuits Market Trends and Drivers:
The global biscuits market is primarily driven by the shifting consumer preferences toward healthy snacking and the growing awareness about the nutritional benefits of biscuits. Additionally, the increasing consumption of bakery products due to hectic lifestyles, rapid urbanization, and inflating disposable incomes has augmented the product demand.
Furthermore, several key players are launching new innovative product variants, such as low-calorie, high-fiber, sugar-free, gluten-free, nut-based, and oat-based biscuits, to cater to the diversified consumer preferences.
Besides this, they are also investing in attractive packaging and aggressive promotional activities to expand their product portfolio and customer base. Other factors, including the emerging trend of on-the-go food consumption, rising demand for convenience foods, changing dietary habits, easy product availability via e-commerce platforms and product premiumization, are also anticipated to catalyze the market growth.
|Biscuits Market Report Scope|
|Market size value in 2021||US$ 110.7 Billion|
|Market forecast in 2027||US$ 151.7 Billion|
|Growth Rate||CAGR of 5.10% from 2022 to 2027|
|Base year for estimation||2021|
Global Biscuits Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Bahlsen GmbH & Co. KG, Britannia Industries Limited, Burton’s Biscuit Company, ITC Limited, Kellogg Company, Lotus Bakeries Corporate, Mondelez International Inc., Nestlé S.A., Parle Products Private Limited, Pladis Global and Walker’s Shortbread.
The report has segmented the market on the basis of region, product type, ingredient, packaging type and distribution channel.
Breakup by Product Type:
- Crackers and Savory Biscuits
- Plain Crackers
- Flavored Crackers
- Sweet Biscuits
- Plain Biscuits
- Sandwich Biscuits
- Chocolate-coated Biscuits
Breakup by Ingredient:
Market Breakup by Packaging Type:
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Independent Bakery
- Online Stores
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.