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Biscuits Market Report 2024-2032 | Size, Share, Trends, Overview
Biscuits Market
The Business Research Company presents an extensive market research report on the Biscuits Global Market Report 2024 , furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The biscuits market size has grown strongly in recent years. It will grow from $121.07 billion in 2023 to $129.21 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to changing consumer lifestyles, health and wellness trends, rise of online shopping, trade policies, crisis events.
The biscuits market size is expected to see strong growth in the next few years. It will grow to $169.07 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to personalization trends, global flavor fusion, growth in plant-based diets, diverse dietary preferences, government regulations. Major trends in the forecast period include artisanal and craft biscuits, subscription models, interactive packaging, culinary collaborations, blockchain traceability.
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Key Market Players:
Major companies operating in the biscuits market report are Universal Robina Corporation, Nestlé S.A., Mars Incorporated, Mondelez International Inc., Grupo Bimbo S.A.B. de C.V., Kellogg Company, The Kellogg Company, Pladis Global, Lotte Corporation, The Hershey Company, ITC Limited, Patanjali Ayurved Limited, Dali Foods Group Co. Ltd., Britannia Industries Limited, United Biscuits (UK) Limited, Lotus Bakeries NV, Parle Agro Pvt. Ltd., Pepperidge Farm Incorporated, Walkers Shortbread Ltd., Arnott's Ltd., Bahlsen GmbH & Co. KG, Cremica Food Industries Limited, Leclerc Foods USA Inc., Burton's Biscuit Company, Surya Food & Agro Ltd., Ravi Foods Pvt. Ltd., Anmol Industries Limited, Duke and Sons Pvt. Ltd., C.A. Pillsbury and Company, Loacker S.p.A.
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. Globally, urbanization is changing food systems and helping to transform them by shaping spatial patterns of food demand and influencing consumer preferences. For instance, in April 2022, according to the World Economic Forum, a Switzerland-based international non-governmental and lobbying organization, the proportion of the global population living in cities is expected to reach 80% by 2050. More than 4.3 billion people, or 55% of the world's population, now live in cities, with that figure expected to rise to 80% by 2050. Therefore, rapid urbanization is driving the growth of the biscuits market.
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https://www.thebusinessresearchcompany.com/report/biscuits-global-market-report
The biscuits market covered in this report is segmented -
1) By Type: Crackers And Savory Biscuits, Sweet Biscuits
2) By Source: Wheat, Oats, Millets
3) By Flavor Type: Plain, Chocolate, Sour Cream, Cheese, Spiced, Fruits And Nuts
4) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Specialist Retailers, Online Retail, Other Distribution Channels
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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