Rockville, Feb. 15, 2023 (GLOBE NEWSWIRE) -- The global sweet biscuits market is predicted to reach a value of US$ 192 billion by 2033, according to a research report by Fact.MR, a market research and competitive intelligence provider. Worldwide demand for sweet biscuits is predicted to increase at a CAGR of 5.8% from 2023 to 2033.
Sweet biscuits are a popular source of energy due to their nutritious composition consisting of fibers, fats, and carbohydrates. Consumers around the world are incorporating biscuits into their breakfast routines due to their high nutritional value. The market for sweet biscuits is growing with the introduction of innovative shapes, packaging, and flavors. The growing demand for healthy snacks and rising per capita consumption of sweet biscuits in developing economies are presenting lucrative opportunities for players. Whole grain snacks such as oats and millets are also attracting health-conscious consumers globally.
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Report Attributes | Details |
| Forecast Period | 2023 - 2033 |
| Value Projection (2032) | US$ 192 Billion |
| Growth Rate (2022-2032) | 5.8% CAGR |
| No. of Pages | 170 pages |
| No. of Tables | 25 Tables |
| No. of Figures | 132 Figures |
Key Takeaways from Market Study
- Demand for sweet biscuits is projected to increase at a CAGR of 5.8% during the forecast period from 2023 to 2033.
- The global sweet biscuits market is estimated to reach a value of US$ 192 billion by 2033.
- The current size of the sweet biscuits industry is US$ 109 billion.
- Sales of sweet biscuits in Germany are predicted to advance at a CAGR of 4% from 2023 to 2033.
- Demand for sweet biscuits in Canada is set to expand at a CAGR of 4.6% through 2033.
“Rising preference for convenient snacking options and increased accessibility through retail channels are anticipated to contribute to the demand growth for sweet biscuits,” says a Fact.MR analyst.
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Market Frontrunners
- Britannia Industries Ltd.
- United Biscuits
- Burton’s Biscuit Company
- Parle Products Ltd.
- Nestlé
- Mondelez International
- Kraft Foods Group, Inc.
- Kellogg Company
Competitive Landscape
Key manufacturers of sweet biscuits are incorporating effective strategies for innovative product development to expand their geographical presence.
For instance,
- In June 2022, Kellogg launched two unique flavors as part of the Special K range: Dark Chocolate Curls and Mixed Berries with Blackcurrant. These newly launched products contain oat grain fiber and puffed grains to support gut health.
- In April 2022, Britannia introduced the first co-created biscuit, Britannia Marie Gold Jeera, for the market in Tamil Nadu (India). This region-specific launch engaged homemakers in the manufacturing of these biscuits.
Segmentation of Sweet Biscuits Industry Research
- By Product :
- Plain Biscuits
- Cookies
- Filled Biscuits
- Chocolate-coated Biscuits
- Others
- By Distribution Channel :
- Supermarkets/Hypermarkets
- Specialist Retailers
- Convenience Stores
- Online Stores
- Others
- By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Key Questions Covered in the Sweet biscuits Market Report
- What is the projected value of the Sweet biscuits Market in 2023?
- At what rate will the global Sweet biscuits Market grow until 2033?
- Which are the factors hampering the growth in the Sweet biscuits Market?
- Which region is expected to lead in the global Sweet biscuits Market during 2023 to 2033?
- Which are the factors driving the Sweet biscuits Market during the forecast period?
- What is the expected market value of the Sweet biscuits Market during the forecast period?
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global sweet biscuits market for the period 2023 to 2033.
The study divulges essential insights into the market on the basis of product type (plain biscuits, cookies, filled biscuits, chocolate-coated biscuits, others), distribution channel (supermarkets/hypermarkets, specialist retailers, convenience stores, online stores, others), and region (North America, Europe, Asia Pacific, Latin America, and the MEA).
Check out more related studies published by Fact.MR Research:
Low Calorie Biscuit Market: The market for low calorie biscuits is expected to grow during the forecast period. The factors which is estimated to increase the market growth of low calorie biscuits are growing awareness among consumer regarding health and fitness, changing preference towards healthy snacks, mainly among the working professionals and millennials.
Wafer Biscuits Market: The global wafer biscuits market is set for a valuation of US$ 107 billion in 2023. Worldwide sales of wafer cream biscuits are estimated to increase to a market value of US$ 160 billion by 2033-end, increasing at a CAGR of 4.1% through 2033.
Fitness Cookies Market: Fitness drive among the high and moderate-income consumer groups in the recent years has propelled the demand for nutrition adding products including fitness cookies.
Vegan Cookies Market: The global vegan cookies market is expected to reach US$ 391.5 million in 2023 and surge ahead at a CAGR of 8.5% to end up at US$ 885.3 million by 2033.
Low Fat Oatmeal Cookies Market: Oatmeal cookies is the most preferred healthy snacks option owing to presence of high amount of fiber, vitamins and minerals and it’s very convenient to carry and consume. Due to rising awareness about the healthy snacking the Low fat oatmeal cookies market is expected to see significant growth in the forecasted period.
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