Market Snapshot:
Biscuit and cakes are considered bakery products, today these products are highly adopted by the young generation. These are easily available in hypermarket, and online sales channels. With the growing demand for organic products, these markets are having huge growth potential in the coming years. According to the study the biscuit market is expected to grow at CAGR 4.5% in the coming years.
Highlights from Biscuits and Cakes Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The key Vendors profiled in the report are Kraft Foods (United States), Mars, Incorporated (United States), Nestle (Switzerland), Danone Group (France), Britannia Industries (India), Lotus Bakeries (Belgium), Mondelez International (United States), ITC Limited (India), Campbell Soup Company (United States) and The Kellogg Company (United States). Additionally, other players that are part of this comprehensive study are Dali Food Group (China), Brutons Biscuit Company (United States), Ulker Biskuvi Sanayi (Turkey) and Cornu AG (Switzerland).
Geographic Breakdown and Segment Analysis
The Global Biscuits and Cakes market presents a comprehensive analysis of the Biscuits and Cakes market by end-user/application (Food & Beverages Industry and Household), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Biscuits and Cakes industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Biscuits and Cakes market
Analyst at AMA have segmented the market study of Global Biscuits and Cakes market by Type, Application and Region.
Influencing Trend:
Increasing Number of Health-Conscious Consumers, Development in E-Commerce Retail Sales and Innovation in Packaging of Food
Market Growth Drivers:
Growing Requirement for Naturally Baked, Organic, And Ready-to-Eat Products in Developed Regions, Increasing Number of Working People and Increase in Availability of Dairy Products
Challenges:
Stringent Government Regulations
Restraints:
High Cost of Processed for and its Raw Material Supply
Opportunities:
Growing Demand from the Gluten-Free Foods and Product Expansions for Baking Ingredients and Increase in Investment in Advanced Packaging
In Jan 2020, Burton’s Biscuit company announced the launch of Maltesers Biscuits, these are made in the smooth milk chocolate. With the help of this product development, the company is aiming to become more competitive in the market.
The global biscuits and cakes market is strongly competitive and having a various number of market-leading players. In terms of market share, some market players are highly dominating the global market. These market players are focusing on a strategic initiative for strengthening their market share and enhance their profitability.