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Digestive Biscuits Market worth $4.63 billion by 2030, growing at a CAGR of 7.40% - Exclusive Report by 360iResearch
Digestive Biscuits Market | 360iResearch
The Global Digestive Biscuits Market to grow from USD 2.80 billion in 2023 to USD 4.63 billion by 2030, at a CAGR of 7.40%.
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Digestive biscuits are characterized by their high fiber content, and they are increasingly popular among health-conscious consumers looking for nutritious snacking options. This market segment includes various products, ranging from whole wheat and oat-based biscuits to those made from various multigrain combinations. The appeal of digestive biscuits lies in their promotion as a healthier alternative to traditional snacking options, catering to a growing demographic of consumers prioritizing wellness and nutrition in their dietary choices. The growing incidence of lifestyle-related diseases and the rising demand for healthy snacks among consumers drive the growth of the digestive biscuits market. However, intense competition from alternative snack products and maintaining taste while reducing sugar and fat content is challenging for the expanding digestive biscuits market. Product innovation, such as the development of gluten-free or vegan digestive biscuits, catering to the rising number of consumers with specific dietary preferences and restrictions, offers remunerative opportunities for the growing digestive biscuits market.
The American digestive biscuits market is experiencing steady growth owing to growing consumer awareness regarding healthy eating habits and the rising demand for convenience foods. A rising number of health-conscious consumers are seeking healthy snacking options in the U.S. and Canada. Innovative flavor introductions and gluten-free options have further stimulated market growth. The key players in the Americas focus on expanding distribution channels to enhance product accessibility and visibility. The APAC region, particularly China, Japan, and India, represents a rapidly growing market for digestive biscuits. The increasing consumer inclination towards convenience foods and a burgeoning awareness about digestive health bolsters this growth. E-commerce platforms have significantly increased market penetration, especially in densely populated urban areas in the Asia-Pacific region. European countries have a strong tradition of biscuit consumption, with a notable preference for digestive biscuits owing to their perceived health benefits and suitability for various dietary needs. The tradition of tea and biscuits in countries such as the UK has maintained steady demand, with a growing emphasis on organic and wholegrain options. Manufacturers are increasingly focusing on adapting to diverse cultural preferences and dietary requirements to capitalize on the market potential, especially in rapidly growing economies. The Middle East and Africa are showcasing a growing demand for digestive biscuits, driven by changing lifestyles, rising disposable incomes, and retail infrastructure expansion. The market in these regions is characterized by a preference for premium and imported brands, with a significant potential for growth among local manufacturers.
Market Segmentation & Coverage:
This research report categorizes the Digestive Biscuits Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Micronutrients, market is studied across Minerals and Vitamins. The Minerals is further studied across Calcium, Iron, Magnesium, and Phosphorus. The Vitamins is projected to witness significant market share during forecast period.
Based on Age, market is studied across Adults, Children, and Seniors. The Children is projected to witness significant market share during forecast period.
Based on Packaging, market is studied across Box and Pouch. The Box is projected to witness significant market share during forecast period.
Based on Distribution Channel, market is studied across Convenience Stores, Online Retail, Specialist Retailers, and Supermarkets/Hypermarkets. The Online Retail is projected to witness significant market share during forecast period.
Based on Application, market is studied across Energy-Boosting, Probiotic-Enriched, and Weight Management. The Energy-Boosting is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.52% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Digestive Biscuits Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Digestive Biscuits Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Digestive Biscuits Market, highlighting leading vendors and their innovative profiles. These include ABISCO by Al-Babtain Industrial Group, Annie's Homegrown, Inc., Bahlsen GmbH & Co KG, Bakewell Biscuits Pvt. Ltd., Bonn Group, Britannia Industries Limited, Burton's Foods Ltd., Campbell Soup Company, Galletas Gullón S.A, ITC Limited, Kambly SA, Kellogg Co, Lotus Bakeries NV, Mondelez International Inc., Nestle S.A., Parle Products Pvt. Ltd., Patanjali Ayurved Ltd., Pladis Foods Ltd, Sunder Biscuit Industries, The Ferrero Group, The Kraft Heinz Company, United Biscuit Private Ltd., and Walker's Shortbread Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Digestive Biscuits Market, by Micronutrients
7. Digestive Biscuits Market, by Age
8. Digestive Biscuits Market, by Packaging
9. Digestive Biscuits Market, by Distribution Channel
10. Digestive Biscuits Market, by Application
11. Americas Digestive Biscuits Market
12. Asia-Pacific Digestive Biscuits Market
13. Europe, Middle East & Africa Digestive Biscuits Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Digestive Biscuits Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Digestive Biscuits Market?
3. What is the competitive strategic window for opportunities in the Digestive Biscuits Market?
4. What are the technology trends and regulatory frameworks in the Digestive Biscuits Market?
5. What is the market share of the leading vendors in the Digestive Biscuits Market?
6. What modes and strategic moves are considered suitable for entering the Digestive Biscuits Market?
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