Press release
Savoury Biscuit Market Size 2024 to 2031.
Market Overview and Report CoverageSavoury biscuits, also known as crackers or savory cookies, are a popular snack choice for consumers looking for a savory and crunchy snack option. These biscuits are typically made with ingredients such as flour, butter, cheese, herbs, and spices, and they come in a variety of flavors and shapes.
The Savoury Biscuit Market is currently experiencing steady growth, with an expected CAGR of 4.50% during the forecasted period. The market is being driven by the increasing demand for convenient and on-the-go snacking options, as well as growing consumer interest in healthier snack choices. The rise in disposable income and changing lifestyle preferences are also contributing to the market growth.
In addition, the increasing trend of indulging in snacking between meals and the popularity of savory snacks over sweet options are further boosting the demand for savoury biscuits. Manufacturers are also focusing on developing new and innovative flavors and formulations to cater to the evolving consumer preferences.
Overall, the future outlook for the Savoury Biscuit Market looks promising, with continued growth expected in the coming years as consumers seek out convenient, flavorful, and healthier snack options.
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Market Segmentation
The Savoury Biscuit Market Analysis by types is segmented into:
• Crisp Bread
• Crackers
• Others
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The savoury biscuit market consists of various types including crisp bread, crackers, and other varieties. Crisp bread is a type of flatbread that is baked until crisp and dry, often used as a base for toppings. Crackers are thin, crispy biscuits typically eaten with cheese or dips. Other varieties in the market may include savory shortbread, grissini, and lavash. Each type offers different taste, texture, and versatility, catering to different consumer preferences and occasions.
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The Savoury Biscuit Market Industry Research by Application is segmented into:
• Household
• Restaurante
The savoury biscuit market caters to a wide range of consumers, including households and restaurants. Household consumers purchase savoury biscuits for snacking, entertaining guests, or pairing with meals. Restaurants incorporate savoury biscuits into their menus as appetizers, accompaniments to main dishes, or as part of a cheese or charcuterie board. Both markets value the convenience, versatility, and flavour profiles of savoury biscuits, making them a popular choice for a variety of occasions.
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In terms of Region, the Savoury Biscuit Market Players available by Region are:
North America:
• United States
• Canada
Europe:
• Germany
• France
• U.K.
• Italy
• Russia
Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia
Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia
Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea
What are the Emerging Trends in the Global Savoury Biscuit market?
Emerging trends in the global savoury biscuit market include a rise in demand for healthier options such as whole grain and gluten-free varieties, driven by increased consumer awareness of health and wellness. There is also a growing interest in ethnic and exotic flavor profiles, as consumers seek unique and adventurous snacking experiences. Additionally, there is a shift towards sustainable and eco-friendly packaging solutions, as consumers become more environmentally conscious. Personalization and customization are gaining traction, with consumers seeking products tailored to their specific tastes and dietary requirements. Overall, innovation and differentiation are key to staying competitive in the evolving savoury biscuit market.
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Major Market Players
Parle is a leading player in the competitive savoury biscuit market in India. Established in 1929, Parle has a long history of providing delicious and high-quality baked goods to consumers. The company has experienced significant market growth over the years, expanding its product offerings and distribution channels. Parle's market size in the savoury biscuit segment has also increased as it continues to innovate and meet consumer preferences.
Britannia, another major player in the Indian savoury biscuit market, has been in operation since 1892. The company has a strong presence in the market and has achieved steady growth through its focus on quality products and consumer satisfaction. Britannia's market size has expanded as it continues to introduce new flavours and varieties to cater to changing consumer tastes.
Nestlé, a Swiss multinational food and beverage company, is a key player in the global savoury biscuit market. With a strong reputation for quality and innovation, Nestlé has captured a significant share of the market. The company's market size has grown as it has expanded its presence in various regions around the world.
In terms of sales revenue, companies like Britannia and Nestlé have reported substantial figures due to their strong market presence and product offerings. For example, Nestlé's sales revenue in the savoury biscuit segment has been reported to be in the millions, reflecting its position as a top player in the market.
Overall, these leading companies in the savoury biscuit market have demonstrated consistent growth and innovation, making them key players in the competitive landscape of the industry.
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