Biscuit Production in the UK - Industry Market Research Report

Crumbling demand: Revenue is being constrainted by the cost-of-living squeeze in 2023-24

The Biscuit Production industry makes a range of grain-based snack foods. Its main products are bakers' wares, biscuits, savoury snacks and preserved cakes. Demand from supermarkets, grocery wholesalers and bakery retailers is the predominant driver of the industry, which is underpinned by consumer demand. The industry is fairly fragmented, with only three companies holding more than 5% market share. Revenue is expected to decline at a compound annual rate of 1.3% over the five years through 2023-24 to £3.2 billion as the industry has suffered thanks to supermarket pricing pressures, rising competition and changing consumer preferences that caused many consumers to cut down on their sugar, salt and fat intake. However, revenue is projected to climb by 0.6% in 2023-24, benefitting from increased demand from supermarkets and bakeries. This industry includes the manufacturing of biscuits, rusks and other dry bakery products. It also includes the production of bakers’ wares, such as preserved pastries, cakes and non-potato snack products. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.