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Leading Element Driving Change in the Cookie And Cracker Market in 2025: Rising Demand For Bakery Products Propels Growth In The Cookies And Crackers Market Driver
What industry-specific factors are fueling the growth of the cookie and cracker market?The upswing in bakery product consumption is speculated to stimulate the development of the cookies and crackers market. Bakery goods, typically derived from flour or similar grains, are seeing a shift in their product range to meet evolving consumer preferences and needs such as low-fat, high-nutrient food options. These high-calorie, nutritious food items are witnessing a rise in demand, which is projected to bolster the cookie and cracker market's growth. For instance, a 2022 report by Euromonitor International in October, featured on the Canadian government's official website, revealed the retail sales of baked products in the U.S. surmounted to $67.9 billion in 2021. It is further anticipated to hit a threshold of US$75.8 billion by 2026. Consequently, the mounting demand for bakery goods is facilitating the expansion of the cookies and crackers market.
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What Is the projected market size and growth rate for the cookie and cracker market?
The scale of the cookie and cracker market has seen a consistent increase over the past few years. The market worth is predicted to rise from the current $104 billion in 2024 to $108.65 billion in 2025, expanding at a compound annual growth rate (CAGR) of 4.5%. The historical growth of this market is influenced by factors such as the consumer's taste and preferences, prevailing economic situation, marketing strategies and branding efforts, selection of ingredients in coherence with the health trends, as well as globalization and various cultural impacts.
Anticipated consistent expansion is on the horizon for the cookie and cracker market, with projections suggesting it will reach a significant $128.12 billion in value by 2029, propelled by a compound annual growth rate (CAGR) of 4.2%. Factors contributing to this growth during the forecast period encompass a range of aspects including inventive flavor and format developments, sustainable and ethical approaches, shifting demographics, worldwide growth with a focus on emerging markets, and current health and wellness trends. Dominant tendencies shaping the forecast period are inclusive of digital marketing and e-commerce advancements, technology and automation application, on-the-go snacking, the clean label initiative, and an emphasis on personalization and customization.
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What new trends are reshaping the cookie and cracker market and its opportunities?
The primary trend gaining momentum in the cookies and crackers industry is product innovation. Major players in the market are fully committed to creating new offerings to maintain their competitive edge. For example, The Hershey Company, a prominent chocolate and sugar confectionery manufacturer and marketer based in the US, made a new addition to their product line in January 2023 - Reese's Dipped Animal Crackers. These are animal-shaped mini crackers completely coated with peanut butter candy and partially immersed in milk chocolate to deliver the distinctive Reese's flavor. Available in 4.25-oz packages, these crackers feature 13 different animal figures, like lions and bears.
What major market segments define the scope and growth of the cookie and cracker market?
The cookie and cracker market covered in this report is segmented -
1) By Type: Cookies, Crackers
2) By Distribution Channel: Super markets Or Hyper markets, Convenience Stores, Specialty Stores, Online Stores
3) By Application: Restaurants, Home, Other Applications
Subsegments:
1) By Cookies: Chocolate Chip Cookies, Sandwich Cookies, Oatmeal Cookies, Sugar Cookies, Biscotti, Shortbread Cookies, Filled Cookies, Gluten-Free Cookies, Organic Or Health-Conscious Cookies
2) By Crackers: Savory Crackers, Sweet Crackers, Cheese Crackers, Whole Wheat Crackers, Multigrain Crackers, Rice Crackers, Gluten-Free Crackers, Flavored Crackers, Crispbreads, Sandwich Crackers
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Which region dominates the cookie and cracker market?
Europe was the largest region in the cookie and cracker market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global cookies and cracker market report during the forecast period. The regions covered in the cookie and cracker market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the cookie and cracker industry growth?
Major companies operating in the cookie and cracker market include Mondelez International, Nestle S.A, PepsiCo Inc., General Mills Inc., Grupo Bimbo S.A.B. de C.V., Kellanova, Ferrero Group, Pladis Global, The Hershey Company, Yamazaki Baking Co., Ltd., Campbell Soup Company, ITC Limited, Meiji Holdings Co., Ltd., United Biscuits Ltd., Flowers Foods Inc., Parle Products Pvt. Ltd., Britannia Industries Limited, Délifrance, Hostess Brands Inc., Premier Foods Group Limited, Lotus Bakeries, Kambly SA, Sara Lee Frozen Bakery, Burton's Biscuit Company, Walkers Shortbread Ltd., Naturell Pvt. Limited, Interstate Bakeries Corp., M.Y. San Corporation, Munchy Food Industries Sdn. Bhd.
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What Is Covered In The Cookie And Cracker Global Market Report?
•Market Size Forecast: Examine the cookie and cracker market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the cookie and cracker market for a structured understanding.
•Key Players Overview: Analyze major players in the cookie and cracker market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cookie and cracker market.
•Segment Contributions: Evaluate how different segments drive overall growth in the cookie and cracker market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cookie and cracker market.
•Industry Challenges: Identify potential risks and obstacles affecting the cookie and cracker market.
•Competitive Landscape: Review strategic developments in the cookie and cracker market, including expansions, agreements, and new product launches.
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