Global Biscuits Market Outlook 2031:
The global biscuits market size was valued at USD 115.30 Billion in 2022 and is projected to reach USD 193.15 Billion by 2031, expanding at a CAGR of 5.9% during the forecast period 2023 - 2031. Growing urbanization, rising disposable income, and increasing demand for premium biscuits are propelling the global biscuits market.
A biscuit is a flour-based baked food product made with sugar, chocolate, icing jam, ginger, or cinnamon. Biscuits are also available in savory and similar to crackers. There are different types of biscuits such as digestive biscuits, shortbread, sandwich biscuits, chocolate chip cookies, speculaas, and chocolate-coated marshmallow treats. Biscuits are a quick source of carbohydrates and sugar that help in keeping hunger away and give energy for a long time.
Furthermore, whole wheat or oats-based chocolate biscuits are a rich source of B-complex vitamins and dietary fiber. Digestive biscuits contain high sodium, which is suitable for people suffering from low blood pressure. These give relief from heartburn or abdominal pains. Digestive biscuits manage diabetes and help in controlling weight by keeping the consumer feeling full for a long period of time.
Biscuits Market Trends, Drivers, Restraints, and Opportunities
- Rising awareness regarding dietary products, availability of healthy biscuits, and changing lifestyle of consumers are boosting the biscuits market growth.
- Growing adoption of biscuits by consumers worldwide due to their convenience and taste is fueling the market.
- Increasing cost of materials is hampering the biscuits market growth.
- High competition in the market associated with the availability of a large number of manufacturers with offering products at different pricing is hindering the market.
- Introduction of sugar-free, low-fat, low carb, and diet biscuits with high fiber and no maize content are creating opportunities in the market.
- Launch of innovative packaging design helps in increasing the product shelf life, thus creating opportunities in the market.
- Development and launch of innovative biscuits such as, Mondelez International offers biscuits that can be warm by heating them in the microwave, is driving the biscuits market.
- Prevalence of celiac disease, increasing demand for gluten-free processed biscuits, among consumers is creating opportunities in the market.
Scope of Biscuits Market Report
The report on the global biscuits market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes
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Details
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Report Title
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Global Biscuits Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016 & 2021
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Forecast Period
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2023 – 2031
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Segmentation
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Products (Sweet Biscuits, Savory, Crackers, Filled/Coated, and Wafers), Sources (Wheat, Oats, Millets, and Others), Flavors (Plain, Chocolate, Sour Cream, Cheese & Spiced, Fruits & Nuts, and Others), Distribution Channels (Supermarkets & Hypermarkets, Convenience Stores, Online Stores, Specialty Stores, and Others), Applications (Breakfast Meal, On-the-go Food, Snacks, and Others), Industry Verticals (Food & Beverages, Healthcare & Nutrition, Bakery Products, and Others)
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Regional Scope
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Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
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Report Coverage
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Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
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Key Players Covered in the Report
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Bahlsen GmbH & Co. KG, Britannia Industries, Burton's Biscuits Co, ITC Limited, Kambly SA, Lance, Lotus Bakeries Corporate, Mondelez International, Parle Products Pvt. Ltd, pladis, ÜlkerBisküviSanayi A.?., and Walker's Shortbread Ltd.
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Biscuits Market Segment Insights
Sweet biscuits segment to hold significant market share
In terms of products, the biscuits market share is segmented into sweet biscuits, savory, crackers, filled/coated, and wafers. The sweet biscuits segment is expected to hold a significant share of the during the forecast period, owing to their good taste, energetic content, and wide availability. Sweet biscuits contain healthy ingredients and nutrition that help increase their demand among consumers.
Oats segment is likely hold a substantial market share in the coming years
Based on sources, the biscuits market share is fragmented into wheat, oats, millets, and others. The oats segment constituted a significant share of the market and is projected to expand at a rapid pace during the forecast period, due to growing adoption for maintaining physical health.
The growth of the oats segment is attributed to several health benefits offered by oats biscuits, they offer nutrition, are rich in antioxidants, help lower body cholesterol, and improve blood sugar control.
Chocolate segment to grow in the forecasted period
On the basis of flavors, the biscuits market is segregated into plain, chocolate, sour cream, cheese & spiced, fruits & nuts, and others. The chocolate segment is expected to hold a significant share of the market during the forecast period due to their high demand among people of all ages.
Chocolate is said to improve blood flow, lower blood pressure, reduce heart disease risk, is a powerful source of antioxidants, and improve brain function; therefore, its demand is high among consumers.
Online stores segment estimated to grow in the near future
In terms of distribution channels, the market is classified as supermarkets & hypermarkets, convenience stores, online stores, specialty stores, and others. The online stores segment is expected to hold a significant share of the market during the forecast period due to increasing e-retailing.
The growth in the online segment is attributed to the presence of various vertical specialists such as Walmart, Amazon, and Carrefour. Online retailing provides discounts and a wide range of products, which is expected to fuel the segment during the forecast period.
Breakfast meal segment to grow at a significant pace in the near future
Based on applications, the biscuits market is categorized as breakfast meal, on-the-go food, snacks, and others. The breakfast meal segment is expected to hold a significant share of the market during the forecast period, due to the consumption of oats- and wheat-based biscuits.
Bakery products segment to grow in the forecasted period
On the basis of industry verticals, the market is segmented into food & beverages, healthcare & nutrition, bakery products, and others. The bakery products segment is expected to hold a significant share of the market during the forecast period due to the expansion of the bakery industry, and the availability of a wide range of biscuits having different flavors. Introduction of gluten-free biscuits provides opportunities for bakers, thus fueling the segment during the forecast period.
Market in Europeis projected to grow the forecasted period
In terms of regions, the global biscuits market is split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe constituted a significant share of the market in 2020, due to the growing demand for easy snacking with healthy components among the people in the region.
The market in Europe is projected to expand at a significant CAGR during the forecast period, due to the diverse range of new products that are continuously introduced by manufacturers including healthy biscuits, and breakfast biscuits.
Segments
By Products
- Sweet Biscuits
- Savory
- Crackers
- Filled/Coated
- Wafers
By Sources
- Wheat
- Oats
- Millets
- Others
By Flavors
- Plain
- Chocolate
- Sour Cream
- Cheese & Spiced
- Fruits & Nuts
- Others
By Distribution Channels
- Supermarkets & Hypermarkets
- Convenience Stores
- Online Stores
- Specialty Stores
- Others
By Applications
- Breakfast Meal
- On-the-go Food
- Snacks
- Others
By Industry Verticals
- Food & Beverages
- Healthcare & Nutrition
- Bakery Products
- Others
By Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
By Key Players
- Bahlsen GmbH & Co. KG
- Britannia Industries
- Burton's Biscuits Co
- ITC Limited
- Kambly SA
- Lance
- Lotus Bakeries Corporate
- Mondelez International
- Parle Products Pvt. Ltd
- Pladis
- ÜlkerBisküviSanayi A.Ş.
- Walker's Shortbread Ltd.
Competitive Landscape
Key players in the global biscuits market include Bahlsen GmbH & Co. KG, Britannia Industries, Burton's Biscuits Co, ITC Limited, Kambly SA, Lance, Lotus Bakeries Corporate, Mondelez International, Parle Products Pvt. Ltd, pladis, ÜlkerBisküviSanayi A.Ş., and Walker's Shortbread Ltd.
These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
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