Market Overview:
The Global Biscuits Market size is expected to grow from USD 117.31 billion in 2022 to USD 175.98 billion by 2030, at a CAGR of 5.3% during the forecast period (2023-2030).
Biscuits are small pieces of bread manufactured from a mixture of ingredients such as flour, milk, sugar, cream, nuts, spices, and others. There are different kinds of biscuits available in the market such as sweet biscuits, savory biscuits, filled biscuits, and others. In addition, some biscuits are made to meet the nutritional benefits for the consumer such as fat-free, sugar-free biscuits. Furthermore, with a focus on new product innovation and marketing communications, the players are also engaging in various in-store promotions.
Top Key Players for Biscuits Market:
Mondel?z International Inc., Kellogg Company, ITC Limited, Britannia Industries, Walkers Shortbread Ltd, Parle Products Pvt Ltd, Burton?s Biscuit Company, Yildiz Holding Inc., Bahlsen GmbH & Co. KG, Campbell Soup Company Grupo Bimbo, Nestle Group, Lotus Bakeries Corporate, Patanjali and Other Major Players.
Market Dynamics and Factors for Biscuits Market:
Drivers:
Demand for Convenient and Healthy On-The-Go Snacking
An increasing urge for convenience food globally at a faster pace owing to changes in social and economic patterns, growing expenditure on food and beverages as well as an increased concern related to concepts such as portion control. Moreover, a calorie deficit is also driving a more significant number of brands to offer small/ on-the-go consumption packs. The market is driven by the rising demand for convenient snacking paired with healthy ingredients among consumers. Convenient snacking is gaining popularity, especially among working people, school and college children, students living in hostels, and bachelors owing to their busy lifestyles.
Opportunities:
Increase in the Consumption of Nutrients Fortified Biscuits
The increased consumption of nutrient-fortified biscuits presents a significant opportunity for the biscuits market. As consumers become more health-conscious, they seek convenient and tasty ways to meet their nutritional needs. Nutrient-fortified biscuits offer a solution by combining the appeal of a popular snack with added vitamins, minerals, and other essential nutrients. This not only caters to health-conscious consumers but also addresses specific dietary requirements. Moreover, the portability and long shelf life of biscuits make them a convenient option for on-the-go nutrition. As a result, the biscuits market can tap into this growing demand for healthier snacking options, fostering growth and innovation in the industry.
Segmentation Analysis of the Biscuits Market:
By Type, sweet biscuits are consumed globally and accounted for the largest share in the market. Sweet biscuits are widely consumed all over the globe due to their taste, energy content, and easy availability. In addition, highly nutritional sweet biscuits are also popular among consumers which has led the market growth by this segment.
By Ingredients, the flavor segment is projected to dominate the market due to their various type of four which benefit biscuit manufacturing such as wheat, oat, millet, and others. Shifting consumer preference towards a healthy diet, consumers prefer more healthy cookies such as oat-based products, free cream biscuits, and others.
Regional Analysis of the Biscuits Market:
The US biscuits market is anticipated to reach a CAGR of 3.85% over the forecast period (2021-2026). The United States is the largest market for convenience food products globally. The growing consumption of sandwich biscuits, primarily among the working-class population in North American states, coupled with the availability of flavors, such as buttercream, chocolate, and peanut butter, is anticipated to contribute to the growth.
Key Industry Development:
In March 2021, Mondelez International Inc. declared that they acquiring an Australia-based food company which is Gourmet Food Holding Pvt Ltd. The company offers premium biscuits, crackers, and others. With this accession, Mondelez stimulates broader snacking leadership in Australia and New Zealand countries.
In January 2019, leading player Kellogg invested in Parati Group with USD 68 million to expand the factory. Parati Group is located in Sao Lourenco, do Oeste Brazil. Parati Group operates two units which are in Santa Catarina which provide products such as biscuits, pasta, crackers, and powdered drinks under the brands Parati, Zoo Cartoon, Hot Crackers, Padua, and Minueto.
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- US
- Canada
- Mexico
Eastern Europe
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Russia
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
