Biscuits Market Report 2022 | Industry Trends, Growth, Competitive Analysis 2027

PRESS RELEASE
Published January 27, 2023

 According to the global biscuits market report by IMARC Group, the market reached a value of US$ 110.7 Billion in 2021, and it is projected to reach a value of US$ 151.7 Billion by 2027, exhibiting a CAGR of 5.10% during 2022-2027.

Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2021

Historical Period: 2016-2021

Forecast Period: 2022-2027

Biscuits Market Overview:

Biscuits comprise a range of baked products generally prepared using flour, butter, milk, shortening, eggs, baking powder or soda, buttermilk, and other ingredients. They are usually flat, hard, crisp, and unleavened with savory or sweet flavors. Savory biscuits taste like crackers, while sweet biscuits contain sugar, chocolate, jam, cinnamon, icing, and crème. They are rich in essential nutrients, such as fiber, carbohydrates and fats, and are available in various shapes, flavors, toppings, fillings, and colors. As a result, biscuits have gained immense popularity as convenient and healthy packaged snacks among individuals of all age groups.  

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Biscuits Market Trends:

The global biscuits market is primarily driven by the shifting consumer preferences toward healthy snacking and the growing awareness about the nutritional benefits of biscuits. Additionally, the increasing consumption of bakery products due to hectic lifestyles, rapid urbanization, and inflating disposable incomes has augmented the product demand. 

Furthermore, several key players are launching new innovative product variants, such as low-calorie, high-fiber, sugar-free, gluten-free, nut-based, and oat-based biscuits, to cater to the diversified consumer preferences. 

Besides this, they are also investing in attractive packaging and aggressive promotional activities to expand their product portfolio and customer base. Other factors, including the emerging trend of on-the-go food consumption, rising demand for convenience foods, changing dietary habits, easy product availability via e-commerce platforms and product premiumization, are also anticipated to catalyze the market growth.

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Biscuits Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the biscuits market has been studied in the report with the detailed profiles of the key players operating in the market.

Key Market Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

List of  Major Key Players: 

  • Bahlsen GmbH & Co. KG
  • Britannia Industries Limited 
  • Burton's Biscuit Company 
  • ITC Limited
  • Kellogg Company 
  • Lotus Bakeries Corporate 
  • Mondelez International Inc.
  • Nestlé S.A. 
  • Parle Products Private Limited
  • Pladis Global
  • Walker's Shortbread

The report has segmented the market on the basis of region, product type, ingredient, packaging type and distribution channel.

Breakup by Product Type:

Crackers and Savory Biscuits

o Plain Crackers

o Flavored Crackers

Sweet Biscuits

o Plain Biscuits

o Cookies

o Sandwich Biscuits

o Chocolate-coated Biscuits

o Others

Breakup by Ingredient:

Wheat

Oats

Millets

Others

Breakup by Packaging Type:

Pouches/Packets

Jars

Boxes

Others

Breakup by Distribution Channel:

Supermarkets and Hypermarkets

Convenience Stores

Independent Bakery

Online Stores

Others

Breakup by Region:

North America: (United States, Canada)

Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America: (Brazil, Mexico, Others)

Middle East and Africa

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Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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