IMARC Group, a leading market research company, has recently releases report titled “Biscuits Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global biscuits market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the biscuits market?

The global biscuits market size reached US$ 117.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 159.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.

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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What are the growth prospects and trends in the biscuits industry?

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.  

What is included in market segmentation?

The report has segmented the market into the following categories:

• 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 

Market 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

Who are the key players operating in the industry?

The report covers the major market players including: 

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 and Walker's Shortbread.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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