Biscuits Market Growth Outlook from 2024 to 2031 and it is Projecting at 8.2% CAGR with Market's Trends Analysis by Application, Regional Outlook and Revenue
The "Biscuits Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Biscuits market is expected to grow annually by 8.2% (CAGR 2024 - 2031).
This entire report is of 139 pages.
Biscuits Introduction and its Market Analysis
The global biscuits market is experiencing steady growth due to factors such as increasing demand for convenient and ready-to-eat snacks, rising urbanization, and changing consumer preferences. Major players in the market such as Kraft Foods, MARS, and Nestle are expanding their product offerings and distribution channels to cater to a wider consumer base. The report highlights the dominance of sweet biscuits segment in the market, with companies like Britannia Industries and Mondelez International leading the way. The main findings of the report suggest that companies should focus on product innovation, strategic partnerships, and marketing initiatives to drive revenue growth in the competitive biscuits market.
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The biscuit market is vast and diverse, with various types available including sweet biscuits, savory options, crackers, filled/coated varieties, and wafer snacks. These products cater to a wide range of consumer preferences and are commonly found in supermarkets and hypermarkets, independent retailers, convenience stores, specialist retailers, and online platforms.
Regulatory and legal factors play a crucial role in shaping market conditions for biscuits. For example, food safety regulations ensure that these products meet specific quality standards and labeling requirements. Additionally, advertising restrictions may impact how biscuits are marketed to consumers, especially in terms of health claims or targeting children.
Considering these factors, biscuit manufacturers must stay informed about the latest regulatory developments in order to remain compliant and competitive in the market. Adhering to these guidelines not only ensures consumer safety but also helps build trust and credibility with target audiences. By navigating the regulatory landscape effectively, biscuit brands can continue to thrive in an increasingly competitive industry.
Top Featured Companies Dominating the Global Biscuits Market
The biscuits market is highly competitive with a number of key players vying for market share. Some of the prominent companies operating in the biscuits market include Kraft Foods, MARS, Nestle, Danone Group, Britannia Industries, Lotus Bakeries, Mondelez International, ITC Limited, Campbell Soup Company, The Kellogg Company, Dali Food Group, Brutons Biscuit Company, Ulker Biskuvi Sanayi, Cornu AG, United Biscuits Company, Kambly, Walkers Shortbread, and The Hershey Company.
These companies use various strategies to grow their presence in the biscuits market, including innovative product development, marketing campaigns, strategic partnerships, and acquisitions. Kraft Foods, for example, has a strong presence in the market with its popular brands such as Oreo and Ritz. MARS is known for its wide range of biscuit products including Mars, Snickers, and Twix. Nestle offers a variety of biscuits under its brands such as KitKat, and Danone Group focuses on healthy and nutritious biscuit options.
Some of the top players in the biscuits market, such as Mondelez International and Britannia Industries, have reported significant sales revenue from their biscuit segment. Mondelez International, for example, reported a revenue of over $26 billion in 2020, with biscuits contributing a significant portion of this revenue. Britannia Industries, on the other hand, reported revenue of over $1 billion in 2020, with a strong performance in the biscuits category.
Overall, these companies play a crucial role in driving growth in the biscuits market by offering a diverse range of products, investing in research and development, and expanding their distribution networks to reach new markets and consumers. Their presence and market strategies contribute to the overall growth and competitiveness of the biscuits market.
- Kraft Foods
- MARS
- Nestle
- Danone Group
- Britannia Industries
- Lotus Bakeries
- Mondelez International
- ITC Limited
- Campbell Soup Company
- The Kellogg Company
- Dali Food Group
- Brutons Biscuit Company
- Ulker Biskuvi Sanayi
- Cornu AG
- United Biscuits Company
- Kambly
- Walkers Shortbread
- The Hershey Company
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Biscuits Market Analysis, by Type:
- Sweet Biscuits
- Savory
- Crackers
- Filled/Coated
- Wafers
Sweet biscuits are popular as a snack or dessert, while savory biscuits are enjoyed as a tasty accompaniment to meals. Crackers are commonly used for cheese platters. Filled or coated biscuits offer a variety of flavors, while wafers are thin, crispy biscuits that are often used in desserts. The diverse range of biscuit types caters to different tastes and preferences, therefore boosting the demand in the market. Consumers can choose from a wide variety of options, leading to increased consumption and sales. This variety ensures that there is something for everyone, driving the growth of the biscuit industry.
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Biscuits Market Analysis, by Application:
- Supermarkets and Hypermarkets
- Independent Retailers
- Convenience Stores
- Specialist Retailers
- Online Retailers
Biscuits are widely distributed across various retail channels including supermarkets, hypermarkets, independent retailers, convenience stores, specialist retailers, and online retailers. Supermarkets and hypermarkets cater to a wide range of customers while independent retailers offer unique and niche selections. Convenience stores provide quick and easy access to on-the-go snacks. Specialist retailers focus on high-quality and gourmet options. Online retailers offer convenience with direct delivery. The fastest-growing application segment in terms of revenue is online retailers, as more consumers are opting for the convenience of purchasing biscuits online and having them delivered directly to their homes.
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Biscuits Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The biscuits market is experiencing significant growth in regions such as North America (United States, Canada), Europe (Germany, France, ., Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia), Latin America (Mexico, Brazil, Argentina, Colombia), and Middle East & Africa (Turkey, Saudi Arabia, UAE). Among these regions, Asia-Pacific is expected to dominate the market with the highest market share percentage valuation, driven by the increasing demand for convenience food products in countries like China and India. The expected market share of the biscuits market in different regions is projected to vary based on factors such as consumer preferences, economic conditions, and population demographics.
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