Sweet Biscuit Market To Reach US$ 113.6 Billion by 2028

The latest research study "Sweet Biscuit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" by IMARC Group, finds that the global sweet biscuit market size reached US$ 87.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 113.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.43% during 2023-2028.

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Sweet biscuits are flour-based baked products manufactured using sugar or salt, butter or vegetable shortening, and baking powder. Cookies, filled, chocolate-coated, plain, and sandwiches are some sweet biscuits that can be coated with a layer of custard, jam, creme, or chocolate filling. These are rich in fibers, carbohydrates, vitamins, minerals, and fats that are essential to human health. These items are widely available in various shapes, flavors, toppings, fillings, and colors. Sweet biscuits are cost-effective, easy-to-find, and easy-to-eat food with a long shelf life, making them ideal for snacking.

Sweet Biscuit Market Trends and Drivers:

The increasing demand for ready-to-eat (RTE) food products among the masses due to hectic lifestyles and busy schedules is driving the market growth. Additionally, the shifting consumer preferences toward healthy snacking options due to the rising lifestyle-related disorders, such as obesity, and the increasing awareness about personal well-being is favoring the market growth. In line with this, manufacturers are actively indulging in the production of healthy biscuits in different flavors to enhance the product taste, which, in turn, is propelling the market growth. Apart from this, the introduction of low-fat, low-carb, organic, and high-fiber biscuits manufactured using organic and natural ingredients is providing an impetus to the market growth. Moreover, the launch of gluten-free sweet biscuits that help alleviate intestinal and dietary issues and are widely consumed by lactose intolerant and celiac patients is acting as another growth-inducing factor. Furthermore, key players are focusing on manufacturing oat-based, nut-based, and high-fiber biscuits in attractive packaging to expand their customer base and gain a competitive edge, which is augmenting the market growth. Other factors, including rising expenditure capacities of consumers, rapid urbanization, and easy product availability across e-commerce platforms, are anticipated to drive the market growth.

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Sweet Biscuit Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Britannia Industries Limited
Bahlsen GmbH & Co. KG
• Burton's Biscuit Company (Ferrero SpA)
• ITC Limited
• Kelloggs Company
• Mondelez International Inc.
• Nestlé S.A.
• Parle Products Private Limited
• The Campbell Soup Company and Yildiz Holding AS

The report has segmented the market on the basis of end use industry.

Breakup by Product Type:

• Chocolate-coated Biscuits
• Cookies
• Filled Biscuits
• Plain Biscuits
• Sandwich Biscuits
• Others

Breakup by Source:

• Wheat
• Oats
• Millets
• Others

Breakup by Distribution Channel:

• Supermarkets/Hypermarkets
• Specialist Retailers
• Convenience Stores
• Online Stores
• Others

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 (2017-2022)
• Market Outlook (2023-2028)
• 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.

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