Biscuits Market – Global Industry Projected to Touch US$109,959.9 Million by 2025

An insightful study, titled “Global Biscuits Market” has been freshly broadcasted to the vast research repository of Market Research Reports Search Engine (MRRSE). The research study provides detailed comprehensions and forecasts future growth of the global market with an in-depth study of the factors impacting revenue growth throughout the mentioned forecast period. Further, a deep analysis on the major players from diverse regions is also present in the report.

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The global market for biscuits is displaying a highly competitive business structure, finds a new research study by Transparency Market Research (TMR). Britannia, Mondelez International Inc., Lotus Bakeries NV, ITC Ltd., Campbell Soup Co., Kraft Foods Group Inc., Nestle SA, The Kellogg Co., Dali Food Group Co Ltd., National Biscuit Industries, and many more are prominent part of the competitive landscape of this market, making it extremely fragmented. The leading companies are focusing on expanding their regional bases to strengthen their position. Over the coming years, vendors in this market are likely to take up strategic partnerships, states the research report.

According to the research report, the global biscuits market was worth US$76.38 bn in 2017. Expanding at a CAGR of 4.70% during the period from 2017 to 2025, the market is projected to reach US$109.95 bn by the end of the forecast period. Savory biscuits, sweet biscuits, crackers, wafers, filled/coated biscuits are the main products available in the global market. Among these, the demand for sweet biscuits is comparatively high and the trend is anticipated to remain so over the next few years, reports the research study.

On the basis of the geography, the global market for biscuits has been segmented into North America, Asia Pacific excluding Japan, Latin America, Japan, the Middle East and Africa, and Europe in this research report. Among these, the markets in Asia Pacific excluding Japan and Europe has acquired the dominance, thanks to the high consumption biscuits. This regional market is anticipated to remain on the top over the next few years. The increasing number of bakeries and soaring demand for different types of breads and confectioneries are likely to support these regional markets in the years to come. North America and the Middle East and Africa are also expected to witness a significant rise in the years to come, states the research report.

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“The global market for biscuits is benefiting substantially from the rising demand for healthy snacks and the augment in the per capita food consumption in emerging countries,” says an analyst at TMR. Going forward, the market is likely to be driven by the augmenting demand for convenience food, rise in the young population, and innovation in packaging over the next few years, states the research report.

The global biscuits market is segmented into:

By Product

Sweet Biscuits
Savory
Crackers
Filled/Coated
Wafers
Others

By Source

Wheat
Oats
Millets
Others

By Packaging

Pouches/Packets
Jars
Boxes
Peelpaq
Others

By Distribution Channel

Supermarket/Hypermarket
Convenience Store
Specialty Store
Online Retail
Others

By Flavor Type

Plain
Chocolate
Sour Cream, Cheese, and Spiced
Fruits and Nuts
Others

By Region

North America
Latin America
Europe
APAC
Middle East and Africa

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This release was published on openPR.