Global biscuits market was valued at US $ XX Mn in 2017 and expected to grow at 4.5% Compound Annual Growth Rate (CAGR) over 2018 to 2024
Market Outline: Biscuits Market
Biscuits are baked flour-based food products. Biscuits keep the top spot in the food industry. They infuse various nutritional factors which include fibers, carbohydrates, and fats.
Market Dynamics: Biscuits Market
The soaring demand for convenience foods along with a change in the lifestyles, and rapid urbanization is the key factor that can be attributed for the growth of the biscuit market. The availability of the product in various flavors and in all price ranges are also driving the growth of the market. The continuous introduction of new products into the market and increase in the health consciousness among the consumers are driving them towards the nutrition-rich biscuits as an alternative for breakfast or to enhance the in-between meal hunger. However, the high cost of the raw materials and stringent government regulations regarding the food and safety are expected to hamper the growth of the market.
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Market Scope: Biscuits Market
Biscuits market is segmented based on the product type, ingredients and distribution channel
Based on the product type, the market is segmented into the following:
Plain Biscuits
Cookies
Fortified/Functional Biscuits
Filled/Coated Biscuits
Sweet Biscuits
Savory Biscuits
Others
Based on the ingredients, the market is segmented into the following:
Oats
Millets
Wheat
Mixed Grain
Others
Based on the distribution channel, the market is segmented into the following:
Supermarkets/Hypermarkets
Online Stores
Others
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Regional Analysis: Biscuits Market
Geographically, global biscuits market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America biscuits market is the dominant market when compared with that of the other regional markets. The rising adoption of the convenience food and growing preference of the people towards the packaged food or the ready-to-eat food is enriching the growth of the biscuits market in this region. Europe fall next to that of North America. The increase in the use of baked food items is anticipated to drive the growth of the biscuits market in this region. The Asia Pacific biscuit market is expected to exhibit significant growth over the forecasted period owing to its rapid urbanization and steady growth of the food industries. The entry of the manufacturers into the emerging countries are expected to drive the growth of the biscuits market in this region.
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Competition Assessment: Biscuits Market
Some of the players in the global biscuits market include:
Nestle (Switzerland)
Kellogs’ Company (U.S)
Thomas Tunnock Limited (UK)
Arnotts Biscuits Holdings Pty Limited (Australia)
United Biscuits (UK)
Kraft Foods (U.S)
Jiashili Group (China)
Jiashili Group (China)
Dali Group (China)
Mondelez International (U.S)
Burton’s Foods Ltd (UK)
Uni-President (Taiwan)
Notable Market Developments: Biscuits Market
In January 2018, Britannia has launched ‘Pure Magic Deuce’, first ever ‘bridge product’ in biscuit
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