What Has Been the Growth Trajectory of the Biscuits Market?
The biscuits market has seen considerable growth due to a variety of factors.
• The dimension of the biscuits market has expanded robustly in latter years. This market is projected to rise from $127.99 billion in 2024 to $135.3 billion in 2025, with a compound annual growth rate (CAGR) of 5.7%.
Factors contributing to this growth during the historical period include shifts in consumer habits, increases in health and wellness trends, growth in online shopping, trade policy shifts, and critical events.
What is the Market Size Forecast for the Biscuits Market?
The biscuits market is expected to maintain its strong growth trajectory in upcoming years.
• In the biscuits industry, we anticipate a significant expansion in the coming years. With a compound annual growth rate (CAGR) of 5.6%, the market is projected to reach $168.45 billion by 2029. This predicted escalation during the forecast period can be ascribed to several factors such as personalization trends, the merge of global flavors, the prevalence of plant-based diets, diversity in dietary choices, and government regulations. Key trends shaping the future of this market encompass handcrafted biscuits, subscription services, engaging packaging, collaborations in the culinary field, and blockchain-based tracing capabilities.
What Are The Core Factors Supporting Growth In Biscuits Market?
The boom in urbanization is anticipated to drive the expansion of the biscuits market in the future. The term urbanization denotes the migration of populations into comparatively small localities, thus forming cities. This condensation of populations leads to a transformation of land for various uses, such as residential, commercial, industrial, and transportation. On a global scale, urbanization is altering food systems and plays a role in their transformation by molding the geographic patterns of food demand and swaying consumer choices. For instance, as per the World Economic Forum, a non-governmental entity based in Switzerland that serves as an international lobbying organization, the percentage of the global populace residing in cities is projected to hit 80% by 2050, as of April 2022. Currently, over 4.3 billion individuals, which equates to 55% of the global population, reside in cities, and this figure is predicted to elevate to 80% by 2050. Thus, the rapid rate of urbanization is propelling the expansion of the biscuits market.
What Are The Major Segments Within The Biscuits Market?
The biscuits market covered in this report is segmented –
1) By Type: Crackers And Savory Biscuits, Sweet Biscuits
2) By Source: Wheat, Oats, Millets
3) By Flavor Type: Plain, Chocolate, Sour Cream, Cheese, Spiced, Fruits And Nuts
4) By Distribution Channel: Super markets Or Hyper markets, Convenience Stores, Specialist Retailers, Online Retail, Other Distribution Channels
Subsegments:
1) By Crackers And Savory Biscuits: Salted Crackers, Cheese Crackers, Whole Grain Crackers, Specialty Savory Biscuits
2) By Sweet Biscuits: Chocolate-Coated Biscuits, Cream-Filled Biscuits, Digestive Biscuits, Cookies
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Which Trends Are Expected To Transform The Biscuits
Major players in the biscuit industry are channeling their efforts towards creating novel products such as gluten-free and plant-based biscuits, superfoods, high-protein, and reduced or no-sugar options. Biscuits with high nutritional values are designed to supply the necessary nutrients, hence they are healthier than regular biscuits. For instance, ITC, a company from India engaged in Business and IT, launched the Sunfeast Super Egg & Milk Biscuit in August 2024. This innovative product is aimed at kids and signifies a strategic step into an underserved segment of the biscuit industry. Its objective is to bridge a gap by providing a nutritious snack made of significant ingredients like eggs and milk, crucial for a child's growth. This introduction is an element of ITC's wider strategy to be inventive in the food industry and cater to consumer preferences leaning towards health and convenience.
Who Are the Key Players in the Biscuits Market?
Major companies operating in the biscuits market include:
• Universal Robina Corporation
• Nestlé S.A.
• Mars Incorporated
• Mondelez International Inc.
• Grupo Bimbo S.A.B. de C.V.
• Kellogg Company
• The Kellogg Company
• Pladis Global
• Lotte Corporation
• The Hershey Company
• ITC Limited
• Patanjali Ayurved Limited
• Dali Foods Group Co. Ltd.
• Britannia Industries Limited
• United Biscuits (UK) Limited
• Lotus Bakeries NV
• Parle Agro Pvt. Ltd.
• Pepperidge Farm Incorporated
• Walkers Shortbread Ltd.
• Arnott's Ltd.
• Bahlsen GmbH & Co. KG
• Cremica Food Industries Limited
• Leclerc Foods USA Inc.
• Burton's Biscuit Company
• Surya Food & Agro Ltd.
• Ravi Foods Pvt. Ltd.
• Anmol Industries Limited
• Duke and Sons Pvt. Ltd.
• C.A. Pillsbury and Company
• Loacker S.p.A.
What Is The Most Dominant Region In The Biscuits Market?
Europe was the largest region in the biscuits market in 2024. South America is expected to be the fastest-growing region in the biscuits market report during the forecast period. The regions covered in the biscuits market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
