Cookies Market Share to Reach $ 56.9 Billion Globally by 2032 at 5.20% CAGR: Polaris Market Research

The global cookies market was valued at USD 36.09 billion in 2023. Looking forward, Polaris Market Research expects the market to reach USD 56.9 billion by 2032, exhibiting a growth rate (CAGR) of 5.20% from 2024 to 2032. The main drivers of market expansion are the introduction of new flavor variations, the absorption of regional tastes and preferences, the increase in disposable income, and the growing acceptance of chocolate cookies as a gift option. Also, bakery producers draw in customers by introducing new flavor variations, like pineapples, and by using creative packaging solutions.

𝗚𝗲𝘁 𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗣𝗮𝗴𝗲𝘀 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 @ https://www.polarismarketresearch.com/industry-analysis/cookies-market/request-for-sample

𝗪𝗵𝗮𝘁 𝗶𝘀 𝗮 𝗖𝗼𝗼𝗸𝗶𝗲?

A cookie is a biscuit-shaped baked food that is typically flat, tiny, and sweet and is consumed as a snack. It is usually produced with a batter that contains sugar, flour, and some kind of fat, such as oil or butter. Other components may include almonds, chocolate chips, raisins, or oats. Cookies also possess a mixture of nutrients, such as minerals, vitamins, and fat. Bar biscuits, filled biscuits, drip biscuits, refrigerated biscuits, molded biscuits, pressed biscuits, no-bake biscuits, low-fat biscuits, sandwich biscuits, and so on are some of the types of cookies. The are roasted in huge quantities, prepared at home, and in bakeries.

𝗟𝗲𝗮𝗱𝗶𝗻𝗴 𝗣𝗹𝗮𝘆𝗲𝗿𝘀

The key market competitors are heavily investing in R&D to extend their product ranges, which would propel additional growth in the market.
Some of the major players operating in the global market include:

• Britannia Industries
• Danone
• Kellogg Company
• Nestle
• Parle Products.
• PepsiCo.
• Mondelez International
• The Campbell Soup

𝗕𝘂𝘆 𝗡𝗼𝘄 𝗧𝗵𝗶𝘀 𝗣𝗿𝗲𝗺𝗶𝘂𝗺 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 @ https://www.polarismarketresearch.com/buy/2721/2

𝗥𝗲𝗰𝗲𝗻𝘁 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁𝘀

• In January 2022, Mondelez International completed acquisition of Chipita Global, a prominent player in the Central & Eastern European market specializing in croissants & baked snacks.
• In April 2022, Mondelez International successfully acquired Ricolino, the confectionery business of Grupo Bimbo. This strategic move has enhanced company's presence & influence in the crucial Mexican market, particularly in the core snacking category.
• In July 2022, to compete with its rivals, Britannia Good Day, a well-known cookie brand in India, introduced a new product called Good Day Harmony biscuit. This range of cookies is available in 4 delightful variants: Hazelnut, Cashew, Pista, & Almond.

𝗘𝘅𝗽𝗹𝗼𝗿𝗲 𝘁𝗵𝗲 𝗖𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝗖𝗼𝗺𝗽𝗿𝗲𝗵𝗲𝗻𝘀𝗶𝘃𝗲 𝗥𝗲𝗽𝗼𝗿𝘁 𝗛𝗲𝗿𝗲 @ https://www.polarismarketresearch.com/industry-analysis/cookies-market

𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻

The cookies market analysis is mainly based on the distribution channel, product, and region. Based on the product breakdown, the drop cookies sector is anticipated to hold faster growth for the market. Growth possibilities for this category are predicted to emerge from new product launches by well-known organizations like Dunkin & Oreo.

Furthermore, according to an analysis of distribution channels, the offline industry has the biggest market share. The main reason for this share is that supermarkets and convenience stores are widely used as important sales channels in developing nations like China and India.

Cookies, Product Outlook (Revenue - USD Billion, 2019 - 2032)
• Bar
• Molded
• Rolled
• Drop
• Others
Cookies, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)
• Offline
• Online

𝗖𝗼𝗼𝗸𝗶𝗲𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗽𝗼𝗿𝘁 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀

• Bar segment dominated the market, due to its increased popularity among younger generation
• Online channels held the largest share, owing to the emergence of e-commerce sites, heavy discounts, festival offers, and influencer-based marketing & promotions
• APAC will grow at the highest pace, primarily due to higher proportion of young population with high discretionary income
• North America dominated the market, due to higher disposable income and impulsive purchases
• Key players include include Kellogg Company, Nestle, PepsiCo; Britannia Industries; The Campbell Soup.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝘀:

Polaris Market Research

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Email: sales@polarismarketresearch.com

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This release was published on openPR.