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Biscuits Market Outlook 2023: Expected Market Growth Rate, Trends And Forecast To 2032 | Mondelez International Inc., Kellogg Company, ITC Limited, Britannia Industries, Walkers Shortbread Ltd
Biscuits Market
Biscuits Market Size, Growth Rate, And Forecast
The global biscuits market size is expected to grow from $113.63 billion in 2022 to $121.18 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The biscuits market size is expected to grow to $156.25 billion in 2027 at a CAGR of 6.6%.
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Biscuits Market Drivers
Rapid urbanization is expected to propel the growth of the biscuits market going forward. Urbanization refers to the population shift into relatively small areas, forming cities. This concentration results in land being transformed for residential, commercial, industrial, and transportation purposes.
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Biscuits Market Segments
• By Type: Crackers And Savory Biscuits; Sweet Biscuits
• By Source: Wheat, Oats, and Millets
• By Flavor Type: Plain, Chocolate, Sour Cream, Cheese, Spiced, Fruits And Nuts
• By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Specialist Retailers, Online Retail, Other Distribution Channels
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Biscuits market.
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Biscuits Market Key Players
Major competitors in the biscuits market include Mondelez International Inc., Kellogg Company, ITC Limited, Britannia Industries, Walkers Shortbread Ltd., Parle Products Pvt. Ltd., Burton's Biscuit Company.
The Business Research Company's "Global Biscuits Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Biscuits Market Include:
1. Executive Summary
2. Biscuits Market Characteristics
3. Biscuits Market Trends And Strategies
4. Biscuits Market - Macro Economic Scenario
5. Biscuits Market Size And Growth
……
26. Africa Biscuits Market
27. Biscuits Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Biscuits Market
29. Biscuits Market Future Outlook and Potential Analysis
30. Appendix
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