Cookie, Cracker, Pasta, And Tortilla Market Size, Latest Trends, Growth Rate, Key Drivers And Forecast To 2033

The cookie, cracker, pasta, and tortilla market size has grown strongly in recent years. It will grow from $268.66 billion in 2023 to $285.48 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to the demand for convenient and ready-to-eat snacks and meal, industrialization and mass production, global food trade, marketing and branding, consumer preferences for flavor variety:.

The cookie, cracker, pasta, and tortilla market size is expected to see strong growth in the next few years. It will grow to $353.42 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to health and wellness trends, sustainability and ethical sourcing, clean label and natural ingredients, digital marketing and e-commerce, innovation in packaging. Major trends in the forecast period include plant-based and alternative ingredients, functional foods, international and ethnic flavors, artisan and craft products, convenient and on-the-go snacks.

Market Overview -
A cookie is defined as a baked product that is a small, flat, and sweet snack that usually contains flour, sugar, oil, fat, and other optional ingredients. A cracker is defined as a type of biscuit that is made from flour, water, salt, baking soda, and other optional ingredients. Dry pasta is a type of food made from finely ground semolina flour and water in a factory via an extrusion process. Prepared dough and flour mix is defined as a readymade dry mix of flour, starches, flavors, and functional ingredients for manufacturing bakery products. Tortilla is thin, flat, unleavened bread which is made of cornmeal or wheat flour which is used in Mexican food for wrapping.

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Stable Economic Growth Fuels Expansion In The Cookie, Cracker, Pasta, And Tortilla Market
The cookie, cracker, pasta, and tortilla markets' growth is aided by the stable economic growth forecasted in many developed and developing countries. According to the International Monetary Fund (IMF), global GDP growth reached 3.3% in 2020 and 3.4% in 2021, both according to the IMF. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period.

Competitive Landscape -
Major companies operating in the cookie, cracker, pasta, and tortilla market include PepsiCo Inc., Mondelez International Inc., Kellogg Co, Bimbo Bakeries USA, Domino's Pizza, Olam International Ltd., The Campbell Soup Company, General Mills Inc., Nestle S.A., Yamazaki Baking Co. Ltd., GRUMA, S.A.B. de C.V, Tyson Foods Inc., El Mirasol, Mi Rancho, Easy Foods Incorporated, TH Foods company pvt ltd., RW Garcia Company, Jubilant FoodWorks Ltd., Yamazaki Baking Co. Ltd., Conagra Brands Inc., JBS S.A., Hormel Foods Corporation, The Kraft Heinz Company., The Hershey Company, The J.M. Smucker Company, Mosaic Company, The Schwan Food Company, The Hain Celestial Group Inc., The Clorox Company, J.R. Simplot Company, Watkins Incorporated.

Enhancing Quality Control And Efficiency Of Nir Analyzer Technology In Cookie, Cracker, Pasta, And Tortilla Market
Companies manufacturing cookies, crackers, pasta, and tortillas are increasingly using NIR analyzer technology for moisture analysis of the product. Near-Infrared (NIR) analysis is a spectroscopic technique that makes use of the naturally occurring electromagnetic spectrum region of wavelengths between 700 nm and 2500 nm. The flour used in manufacturing can vary considerably in its protein quality, protein quantity, moisture, enzymatic activity, color, and physical properties when obtained from different sources. The Near-infrared spectroscopy (NIR) method estimates the moisture content of flour and regulates it to an optimal level set by an operator. An NIR moisture analyzer can help save energy and improve the quality of the product. For instance, MoistTech Corp. is used by a majority of manufacturers for checking moisture content during the production process.

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Key Segments -
The cookie, cracker, pasta, and tortilla market covered in this report is segmented -
1) By Type: Cookie and Cracker, Dry Pasta, Dough, and Flour Mixes, Tortilla
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
3) By End Use: Meals, Intermediate Products, Other End Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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