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Biscuits Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Biscuits
The surge in urbanization is predicted to boost the biscuits market's expansion in the future. Urbanization entails the movement of populations into compact regions that become cities. This densification causes metamorphosis of land for housing, business, manufacturing, and transport needs. Worldwide, urbanization is driving changes in food systems by impacting geographical patterns of food demand and altering consumer tastes. For example, the World Economic Forum, a non-governmental advocacy group based in Switzerland, reported in April 2022 that it is anticipated that by 2050, 80% of the global population will reside in cities. Presently, cities are home to over 4.3 billion people, which is 55% of the global population, with this number set to increase to 80% by 2050. As a result, rapid urbanization is fuelling the expansion of the biscuits market.
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What is the future CAGR of the biscuits market, and how will it impact industry expansion?
The size of the biscuits market has seen robust growth over the past few years. Its expansion is expected to continue, rising from $127.99 billion in 2024 to $135.3 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.7%. The historical period growth is influenced by factors such as evolving consumer lifestyles, health and wellness movements, the surge of online commerce, trade regulations, and events of crisis.
The market size of biscuits is predicted to witness a robust expansion in the coming years. It is set to pump up to $168.45 billion by 2029 with a 5.6% Compound Annual Growth Rate (CAGR). The acceleration in the market during the forecast period can be traced back to factors such as the trend of personalization, the merging of global flavors, the rise of plant-based diets, varied dietary choices, and legislative regulations. Noteworthy trends to follow during the forecast duration are the prominence of artisanal and craft biscuits, adoption of subscription models, novel interactive packaging concepts, culinary tie-ups, and the utilization of blockchain for traceability.
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What are the most significant trends transforming the biscuits market today?
Leading businesses in the biscuits market are concentrating on creating unique products such as options that are gluten-free and plant-based, have added nutritional components, are high in protein, and are low in sugar or completely sugar-free. Biscuits with a high nutritional value are those that are intentionally crafted to supply the essential nutrients, a healthier alternative compared to the typical biscuits. To illustrate this, ITC, an enterprise situated in India and specialized in Business and Information Technology, launched Sunfeast Super Egg & Milk Biscuit in August 2024. This new product is aimed at children and signifies a strategic foray into a relatively untouched segment of the biscuit market. Its goal is to provide a snack that blends nutritious elements such as eggs and milk, essentials for child growth. This introduction is a part of ITC's wider plan to innovate within the food industry and cater to consumer tastes that prioritize health and convenience.
Which key market segments comprise the biscuits market and drive its revenue growth?
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: Super markets Or Hyper markets, Convenience Stores, Specialist Retailers, Online Retail, Other Distribution Channels
Subsegments:
1) By Crackers And Savory Biscuits: Salted Crackers, Cheese Crackers, Whole Grain Crackers, Specialty Savory Biscuits
2) By Sweet Biscuits: Chocolate-Coated Biscuits, Cream-Filled Biscuits, Digestive Biscuits, Cookies
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What regions are at the forefront of biscuits market expansion?
Europe was the largest region in the biscuits market in 2024. South America is expected to be the fastest-growing region in the biscuits market report during the forecast period. The regions covered in the biscuits market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the biscuits market?
Major companies operating in the biscuits market include 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.
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What Is Covered In The Biscuits Global Market Report?
• Market Size Forecast: Examine the biscuits market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the biscuits market for a structured understanding.
• Key Players Overview: Analyze major players in the biscuits market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the biscuits market.
• Segment Contributions: Evaluate how different segments drive overall growth in the biscuits market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the biscuits market.
• Industry Challenges: Identify potential risks and obstacles affecting the biscuits market.
• Competitive Landscape: Review strategic developments in the biscuits market, including expansions, agreements, and new product launches.
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