Press release
Biscuits Market to Reach USD 190.75 Billion by 2032, Growing at a CAGR of 5%
Biscuits Market
According to a new report by Maximize Market Research, the global Biscuits Market was valued at USD 129.11 Billion in 2024 and is projected to reach USD 190.75 Billion by 2032, growing at a CAGR of 5%. Growth is fueled by increasing demand for healthier biscuits, expansion of premium and gourmet options, and greater product availability across hypermarkets, online platforms, and retail outlets worldwide.
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Key Highlights:
Market Size & CAGR: USD 129.11 Billion in 2024; projected USD 190.75 Billion by 2032 at 5% CAGR.
Leading Segment: Wheat-based biscuits dominate due to widespread preference and versatility.
Fastest-Growing Region: Asia-Pacific, driven by rising middle-class population and increasing disposable income in India and China.
Key Drivers & Trends: Health-conscious consumer preferences, premium/gourmet offerings, growth of online sales channels, and diversification of product flavors and types.
Top Companies: Mondelez International, Britannia Industries, Parle Products, McVitie's, Nestlé.
Market Outlook:
The biscuits market is expanding with increasing popularity of low-calorie, sugar-free, multigrain, and organic options. Technological advancements in packaging and online retailing enhance product visibility and accessibility. Premium and gourmet biscuits with exotic flavors are gaining traction in urban regions, while traditional wheat-based biscuits continue to satisfy mass-market demand. Health-oriented and functional biscuits are also seeing rising adoption among fitness-conscious consumers.
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Regional Insights:
Asia-Pacific held the largest market share at 33% in 2024, supported by rising biscuit consumption as an alternative to bread and confectionery. North America maintains significant demand for convenience and healthy snacking options, while Europe shows steady growth driven by innovative products, including thins, free-from, and breakfast biscuits.
Key Players:
Companies such as Mondelez International, Britannia Industries, Parle Products, McVitie's, and Nestlé are investing in product innovation, healthier variants, and digital marketing strategies to capture market share globally.
Curious about market analysis? The research report summary offers valuable insights: https://www.maximizemarketresearch.com/market-report/global-biscuits-market/26465/
Quote:
Consumer demand for healthier, premium, and convenient biscuits is transforming the global market," said an analyst at Maximize Market Research. "Companies innovating with flavors, nutritional content, and digital accessibility are well-positioned for sustainable growth worldwide.
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About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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