Industry Background:
The growing demand for sugar-free biscuits will help to trigger the global Sweet Biscuit market in the forecasted market period. The main ingredients used in making sweet biscuits are fat, sugar, and flour. Biscuit is flavor based baked food products. Additional ingredients e.g. flavorings, essences, chocolate, coffee, spices, dried fruit and vegetables, nuts, seeds, cheese, etc may be added. Attractive promotional strategies, as well as innovative packaging, rising demand for innovative flavors, act as a key factor in growing the global market. The market for biscuits is very promising. It is one of the fastest-growing of all sectors in the fast-moving consumer goods (FMCG) category. The biscuit market is currently dominated by Europe, followed by North America. Asia-Pacific represents the fastest-growing market for biscuits, led by China and India. The rising number of health-conscious consumers, growth of tourism in the country, adoption of modern lifestyle is aiding the European biscuit market. Moreover, awareness regarding the consumption of a balanced and healthy diet are some of the other factors expected to propel the demand for biscuits over the next five years. Additionally, the online retail segment is anticipated to hold the largest share in the global biscuits market owing to online retailing provides more discounts and wider options to purchase, the online platform becomes popular owing to that it provides the delivery to the doorstep by order of products. By production, India is the third-largest manufacturer of biscuits after the United States and China. Europe is the leading market of biscuits due to the high popularity of baked items and savory confectionery products in the regions. Asia-Pacific represents the fastest-growing market for Breakfast biscuits, given the increasing urbanization and growing disposable income among consumers.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Billion) |
Key Companies Profiled | Mondelez (United States), Nestle (Switzerland), ITC Limited (India), Parle Products (India), Campbell (United States), Kelloggs (United States), Britannia Industries (India), Yildiz Holding (Turkey), Grupo Bimbo (Mexico) and Kraft Foods Group, Inc (United States) |
According to AMA, the market for Sweet Biscuit is expected to register a CAGR of 5.31% during the forecast period to 2030. This growth is primarily driven by Easy Availability, Affordability, and Convenience and Increasing Demand for Digestive Biscuits.
Globally, a noticeable market trend is evident High Adoption of Sugar-Free High Fiber Biscuits
The Consumer Goods sector in the Europe region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Mondelez (United States), Nestle (Switzerland), ITC Limited (India), Parle Products (India), Campbell (United States), Kelloggs (United States), Britannia Industries (India), Yildiz Holding (Turkey), Grupo Bimbo (Mexico) and Kraft Foods Group, Inc (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 1st April 2019, U.S. food group Kellogg Co has agreed to sell its Keebler biscuits brand and other assets to Nutella maker Ferrero for 1.3 billion dollars as it focuses on its core cereals and snacks businesses.
On 3rd March 2019, Parle Products has launched two new variants - KrackJack Butter Masala and Monaco Pizza for its cracker brands - KrackJack and Monaco respectively.
Influencing Trend:
High Adoption of Sugar-Free High Fiber Biscuits and Rising Demand due to Attractive Promotional Strategies
Market Growth Drivers:
Easy Availability, Affordability, and Convenience and Increasing Demand for Digestive Biscuits
Challenges:
Changing Consumer Preferences
Restraints:
Intensified Competition from Private Labeled Brands
Opportunities:
Growing Demand for New Flavored Cookies and Fuelling E-commerce Industry Worldwide
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Sweet Biscuit Market
- Analysis about New Entrants in Sweet Biscuit Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Sweet Biscuit Study Sheds Light on
The Sweet Biscuit Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Sweet Biscuit industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Sweet Biscuit industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.