The global market for Biscuits is estimated at US$128.4 Billion in 2023 and is projected to reach US$182.7 Billion by 2030, growing at a CAGR of 5.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the biscuit market is driven by several factors. Advances in food processing technology have enabled manufacturers to produce a wider variety of biscuits that cater to specific dietary needs and preferences, expanding the market. For instance, the development of new baking techniques and ingredient formulations has allowed for the production of gluten-free and low-sugar biscuits that do not compromise on taste or texture. The rising disposable incomes in emerging economies are increasing the demand for premium and indulgent biscuit varieties. As consumers in these regions gain more purchasing power, they are more likely to seek out higher-quality and more luxurious food products. Urbanization and busy lifestyles are spurring demand for convenient, ready-to-eat snacks, positioning biscuits as an ideal option. Additionally, the growing trend of snacking between meals is accelerating the consumption of biscuits. E-commerce and online retail channels are expanding the reach of biscuit brands, making it easier for consumers to access a wide range of products. Online platforms also allow for greater brand visibility and direct-to-consumer sales strategies, which can drive growth. Marketing strategies emphasizing health benefits, natural ingredients, and sustainable practices are resonating with consumers and driving sales. Brands that highlight their use of organic ingredients, eco-friendly packaging, and ethical sourcing practices are finding favor with environmentally conscious consumers. Furthermore, seasonal and festive promotions are boosting biscuit sales, especially during holidays and special occasions. Limited-edition flavors and holiday-themed packaging create a sense of urgency and excitement, encouraging consumers to purchase more. These factors collectively propel the growth of the biscuit market, ensuring its dynamic presence in the global food industry.
The growth in the biscuit market is driven by several factors. Advances in food processing technology have enabled manufacturers to produce a wider variety of biscuits that cater to specific dietary needs and preferences, expanding the market. For instance, the development of new baking techniques and ingredient formulations has allowed for the production of gluten-free and low-sugar biscuits that do not compromise on taste or texture. The rising disposable incomes in emerging economies are increasing the demand for premium and indulgent biscuit varieties. As consumers in these regions gain more purchasing power, they are more likely to seek out higher-quality and more luxurious food products. Urbanization and busy lifestyles are spurring demand for convenient, ready-to-eat snacks, positioning biscuits as an ideal option. Additionally, the growing trend of snacking between meals is accelerating the consumption of biscuits. E-commerce and online retail channels are expanding the reach of biscuit brands, making it easier for consumers to access a wide range of products. Online platforms also allow for greater brand visibility and direct-to-consumer sales strategies, which can drive growth. Marketing strategies emphasizing health benefits, natural ingredients, and sustainable practices are resonating with consumers and driving sales. Brands that highlight their use of organic ingredients, eco-friendly packaging, and ethical sourcing practices are finding favor with environmentally conscious consumers. Furthermore, seasonal and festive promotions are boosting biscuit sales, especially during holidays and special occasions. Limited-edition flavors and holiday-themed packaging create a sense of urgency and excitement, encouraging consumers to purchase more. These factors collectively propel the growth of the biscuit market, ensuring its dynamic presence in the global food industry.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Sweet Biscuits segment, which is expected to reach US$36.3 Billion by 2030 with a CAGR of a 4.8%. The Savory Biscuits segment is also set to grow at 5.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $33.7 Billion in 2023, and China, forecasted to grow at an impressive 8.1% CAGR to reach $41.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Biscuits Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Biscuits Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Biscuits Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Britannia Industries Ltd., Britannia Industries Ltd., Kellogg (Aust) Pty., Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 231 Featured):
- Britannia Industries Ltd.
- Britannia Industries Ltd.
- Kellogg (Aust) Pty., Ltd.
- Mondelez International
- Parle Products Pvt., Ltd.
- PepsiCo, Inc.
- Yildiz Holding A.S.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- Britannia Industries Ltd.
- Britannia Industries Ltd.
- Kellogg (Aust) Pty., Ltd.
- Mondelez International
- Parle Products Pvt., Ltd.
- PepsiCo, Inc.
- Yildiz Holding A.S.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 319 |
| Published | December 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 128.4 Billion |
| Forecasted Market Value ( USD | $ 182.7 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 7 |
