Biscuits Market size to garner significant returns by 2027
Biscuits have been a
convenient snack for hundreds of years due to their relatively low moisture
content which allows for long shelf life. They are also a very versatile snack
food as they can be customized according to taste, nutritional content, and texture.
The growth of this market has been consistently steady, and it is likely to
continue as such. This can be credited to the various innovative developments
of flavors, attractive & functional packaging and shapes. Additionally,
biscuits are available at different price points making them affordable, and
market leaders often have highly effective marketing campaigns which help
maintain this food’s global popularity.
Market Research Future (MRFR)
has published a detailed report analyzing the global
biscuits market.
MRFR's report contains unique insights regarding the factors that affect growth.
Some challenges that have been identified for this market include rising costs
of raw materials, increased tax rates, and stiff competition.
The global biscuits market is
one of the fastest growing of the all sectors in the fast moving consumer goods
(FMCG) category. According to a research report published by Market Research
Future (MRFR), the global biscuits market is expected to exhibit positive
growth trend and reach a significant valuation by the end of the forecast
period of 2020-2027. Biscuits are of one most common snacks and are largely
preferred by consumers due to the trend of snacking between meals.
Key
Players
MRFR has
featured several key players in the report to provide analysis of market strategies and the competitive landscape. Prominent
players that have been analyzed in the
report include Kellogg Co., Parle,
Cadbury, Britannia, CEEMA, Nestle, Burton's Foods Ltd., Lotus Bakeries NV,
United Biscuits and Walkers Shortbread.
Market
Segmentation
The global
biscuits market has been segmented by major ingredients, category, product type, specialty type, and
region.
By major ingredients, the market has been segmented into wheat, oats, millets, mixed
grain and others.
By
category, the market has been segmented
into sweet biscuits, chocolate biscuits, savory biscuits, crisp bread, crackers
and others.
By product
type, the market has been segmented into
everyday biscuits, everyday treats, special treats, healthy biscuits,
children's biscuits and others.
By
specialty type, the market has been segmented
into dairy-free, gluten-free, sugar-free, fortified and others.
By region,
the market has been segmented into North America, Europe, Asia Pacific (APAC)
and the Rest of the World (RoW).
Regional
Analysis
Europe
dominates the market closely followed by North America and the Asia Pacific.
Europe has
a wide variety of biscuit manufacturers and market leaders competing in the
regional market. Biscuits are of European origin, and many cultures of this continent enjoy various forms of biscuits all year round.
North
America closely follows Europe's lead and has the second most significant
global market share. The region is home to several snack manufacturer leaders, and there is a wide variety of cookies and
biscuits available at the consumer’s choice.
The Asia
Pacific region, however, is set to grow at the most significant pace and is likely to dominate the global market in the coming
years. The existence of a massive consumer population and the emerging
of several leading biscuit manufacturers are set to propel robust growth for
this market during the forecast period. Additionally, bakery products have
become more popular with a growing urban population with rising disposable
incomes in this region, thus driving demand for biscuits.
For
further information on this report, visit @ https://www.marketresearchfuture.com/reports/biscuits-market-1918
Latest
Industry News
Walkers
Shortbread has launched 6 new flavors to add to its existing range of
individual shortbread snack packs. The range, which now has 11 variants, has
been revamped and designed to target luxury hotel customers. New flavors added
to the range include - Viennese Vanilla Bean Swirls, Chunky Granola Chocolate
Chip Biscuit, Chunk Oat & Raspberry, Milk Chocolate & Hazelnut Biscuit,
Oat Shortbread Rounds and Dark Chocolate & Ginger Biscuits.
McVities
has announced that due to rising production costs, they will be reducing the
size of their famous Digestive biscuit packet by 20%. The move to reduce 100
grams of biscuits from their 500 gram packet came after increased post-Brexit
costs.
NOTE: Our Team of Researchers
are Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of Wantstats Research and Media
Private Limited),
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York,
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United States of America
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