December 22, Market Research Future research report on the Global Biscuits Market
Market Overview
Biscuit is hard or crisp dry baked products basically eaten as tea snack. It is one of the broadly consumed snack worldwide. Due to rising health issues like diabetes and celiac disease segments like sugar-free and gluten-free are in huge demand and has become one of the fastest growing product categories in global bakery market. New flavors, shapes, taste, and attractive packaging and consumer oriented products are attracting consumers of all age groups. Recently digestive and low calorie segments have created potential market in bakery.
Market Forecast
From last few years consumers have become health conscious and have started to consume high fiber and organic food product. Hence, biscuits fortified with fibers have a great scope in the Biscuits Market followed by 100% organic biscuits. Companies are gradually exploring new flavors, new ingredients, and coming up with new combinations, to gain interest of consumers. This factor will play a key role to grow biscuits market at CAGR of 5.90% from 2022 to 2023.
Downstream Market Analysis
The popularity of biscuits in consumers among different age groups is supporting the growth of the market. The demand for organic and sugar free types is increasing among health cognizant people. Biscuits which are made from fruit extracts and cream based are in high demand especially among young age groups.
Competitive Analysis
The major key players are Parle (India), Britannia (India), Cadbury (U.K.), CEEMEA (U.K.), Nestlé (Switzerland), Burton's Foods Ltd. (U.K.), Lotus Bakeries NV (Belgium), United Biscuits (U.K.), Walkers Shortbread Ltd (U.K.) and Kellogg Co (U.S.) and others. Parle continues to dominate as the biscuit leader. This report contains in-depth insights about all major players in the market.
Regional Analysis
- North America and Europe accounted for higher market share in the biscuits during the period 2011-2015, Major companies are targeting APAC as potential region for investments in the biscuits market due to potential demand scenario
- Market Segmentation-global biscuits market is segmented ingredients, category, product type, specialty type and regions.
Global Biscuits Market:
The key players profiled are Parle (India), Britannia (India), Cadbury (U.K.), CEEMEA (U.K.), Nestlé (Switzerland), Burton's Foods Ltd. (U.K.), Lotus Bakeries NV (Belgium), United Biscuits (U.K.), Walkers Shortbread Ltd (U.K.) and Kellogg Co (U.S.)
Market Research Analysis:
- The demand for sugar free and organic biscuits is increasing in Europe and North America
- Top 5 exporters of biscuits are Germany, Canada, U.S., Belgium and Italy
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