New York, US, April 03, 2023 (GLOBE NEWSWIRE) -- Biscuits Market Overview:
According to a Comprehensive Research Report by Market Research Future (MRFR), Biscuits Market Information by Type, Distribution Channel, and Region - Forecast till 2030”, Biscuits Market could thrive at a rate of 5.90% between 2023 and 2030. The market size will be reach around USD 172.23 Billion by the end of the year 2030.
Market Synopsis
Biscuits are cooked-shaped flour treats. Biscuits have a flat, firm, and unleavened texture in most regions. The demand for quick snacks that don't skimp on nutrition drives the market in that direction. The market driver includes the growth of the urban population, an increase in disposable money, and an increase in the prevalence of poor lifestyle choices.
Furthermore, the demand for biscuits with ”low-sugar” or “low-calorie” claims is driven by growing consumer knowledge of the effects of alcohol on health and weight. Global trends like increased modernization and rising alcohol consumption have pushed the alcohol business to introduce brave and innovative new alcoholic beverage varieties. Other than this, the escalating inclination towards functional biscuits will further stimulate the industry’s growth.
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Report Scope:
| Report Attribute | Details |
| Market Size in 2030 | USD 172.3 billion |
| CAGR | 5.90% |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2021 |
| Forecast Units | Value (USD billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | by Type, Distribution Channel, and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | Rising inclination towards gluten-free |
| demand for nutritive goods |
Market Competitive Landscape:
The affluent companies in the biscuits industry include
- Burtons Foods Ltd.
- Danone Group
- Jiashili Group
- Kraft Foods
- MARS
- Kellogg
- McVities
- Mondelez International
- Nestle
- Thomas Tunnock Limited
- Uni-President
- United Biscuits
- Want Want Group
March 2021
Mondelez International has bought Gourmet Food Holdings Pty Ltd, an Australian food company that sells upscale crackers and biscuits. Mondelez hopes to maintain its position as the market leader for snacks in Australia and New Zealand by making this acquisition.
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Market USP Covered:
Market Drivers:
The biscuit market is growing rapidly, and businesses must differentiate their offerings in terms of ingredients, taste, structure, and presentation if they hope to succeed in today's highly competitive market. As a result, there has been an uptick in the creation of brand-new biscuits across the globe. New products appearing on shop shelves, like biscuits, attract early adopters and drive the sector forward, which explains the market's growth over the previous few years.
Market Restraints:
Biscuit dough cracking and splitting during checking is a productivity issue because of the uneven heat and water distribution. Differences in product weight are a major problem for manufacturers and lead to significant financial losses. The primary reason for this is biscuit expansion, which has a detrimental effect on the number of biscuits per package and the industry's bottom line. Biscuits and bakery marketing head Vanessa Martins Mendes says that despite the need for new developments in the industry, there is still enough room to satisfy and delight customers.
COVID 19 Analysis
COVID-19’s impact has given way to numerous repercussions for people worldwide. The aftermath is linked with the significant social and economic burden on people worldwide. Around the world, Due to the compulsory breakdown of on-trade biscuitsmakers in several nations, including the United States, the United Kingdom, and India, to stop the virus' spread, the COVID-19 pandemic had a significant impact on the biscuits industry.
There were both positive and negative effects of the COVID-19 epidemic on the biscuits industry. Global supply chain disruptions led to decreased output as businesses shut down their plants or operated with fewer workers. Biscuits and other long-lasting foods were less readily available because customers hoarded them. Nutritious oat-based and nut-based biscuits were in high demand since they catered to consumers looking for quick, healthy snack options
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Market Segmentation
By Type
The Biscuits types in the market include Crackers, Savoury Biscuits, and Sweet Biscuits.
By Distribution Channel
Independent Bakeries, Online Channels, Convenience Stores, Supermarkets, and Others are the major distribution channels worldwide market.
Regional Insights
Europe's Biscuits market held the largest market share in 2022. Europe is the region's largest regional contributor. Indulgence is a major factor in biscuit sales in the United Kingdom, albeit varies by flavor and package size. New products, such as breakfast biscuits, "thins," free-from alternatives, and healthy biscuits, are constantly being introduced. Hence, there was a growing demand for healthier biscuits across the country.
The Asia-Pacific Biscuits Market will experience the fastest CAGR growth. Consumer demand for biscuits in China is fueled by rising demand for other bakery and cereal items due to rising incomes, urbanization, and health consciousness among the general population. There are constantly new products, such as breakfast biscuits, free-from alternatives, 'thins,' and nutritional biscuits. And so there's been a rise in interest in nutritious biscuits everywhere. Mondelez International, the Kellogg Company, Just off Melrose Incorporated, Christie Cookies Company, Just off Melrose Incorporated, Christie Cookies Company, Schultz Foods Co., and Benzel Food Distributors are among the most well-known US biscuit manufacturers. Three different cookie bakeries: National Biscuit, Mr. Hanes' Moravian Cookies, and Two Smart Cookies.
LAMEA is expected to expand significantly during the time frame of expectation. Biscuit manufacturers are reducing the amount of sodium, sugar, and fat in their products to adhere to government health recommendations, and are also introducing new ingredients like whole grains, vitamins, and minerals to appeal to consumers who are willing to spend more money on nutritious snacks. Throughout the foreseen time period, the market is expected to benefit from market participants' efforts to expand production capacity and hence increase product availability.
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Savory Snacks Market Research Report: By Category (Baked, Fried, and Others), By Type (Chips, Nuts & Seeds, Biscuits & Cookies, Popcorns, and Others), By Distribution Channel (Store-Based (Supermarket & Hypermarket, Convenience Store, and Others) and Non-Store-Based) - Forecast 2030
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