About Wafer Biscuits
Wafer biscuit is a light, sweet biscuit slightly thicker than a wafer with a soft sweat filling. It has many applications that include chocolate bars, ice creams, and sandwich cookies. The Asia-Pacific region is expected to be the fastest-growing market during the forecast period, which can be attributed to a shift in consumer preference and the rising disposable incomes.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.9% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Wafer Biscuits market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bahlsen (Germany), Cadbury (United Kingdom), Camy Wafer Co. (India), Greco Brothers Ltd. (United Kingdom), Hershey Food Corp (United States), Lotte Corporation (Japan), Mondelez International (United States) and Nestle SA (Switzerland) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Wafer Biscuits market by Type (Cream Filled and Coated) and Region.
On the basis of geography, the market of Wafer Biscuits has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Chanel, the sub-segment i.e. Supermarkets and Hypermarkets will boost the Wafer Biscuits market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Flavour, the sub-segment i.e. Strawberry will boost the Wafer Biscuits market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Disposable Income of the People in Developing Regions
Market Growth Drivers:
Increased Consumption of Wafer Biscuits
Challenges:
Slowdown of the World Economy
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growing Food Industry Worldwide and Innovations in the Snacks in the Market
Market Leaders and their expansionary development strategies
In September 2023, Hostess Brands, Inc. announced that it has entered into a definitive agreement with The J.M. Smucker Co. (NYSE: SJM) to acquire all of the outstanding shares of Hostess Brands in a cash and stock transaction valued at USD 34.25 per Hostess Brands share, representing a transaction value of approximately USD 5.6 billion, including the assumption of debt.
In March 2023, Voortman has introduced a delicious new zero sugar offering to its portfolio Zero Sugar Mini Wafers. The new Mini Wafers come in two delectable flavors: vanilla and chocolate. Baked with real vanilla or cocoa, the poppable, shareable wafers contain no artificial flavors or colors, no high-fructose corn syrup and are packaged in resealable stand-up pouches.
Key Target Audience
Wafer Biscuits Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.