Pune, India, August 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Cookies Market.
A cookie is defined as a small, flat baked food made from flour, sugar, and oil or fat. A new report on the global cookies market, published by Market Research Future (MRFR), states that this market could ascertain improvement at 2% CAGR between 2018 and 2023.
The topmost market driving factors escalating the global cookies market growth include increasing number of cafes across the world, preference for light snacks with hot beverages, portability of cookies, and easy storage. Other factors aiding the market growth include changing lifestyle, latest technologies for production, increasing demand for gluten-free cookies, innovative packaging, variety of flavors, and rising health consciousness among the consumers. The growing competition between organized sectors and scattered, unorganized sectors can also boost the market growth. However, increasing price of raw materials can hamper market growth.
Market Segmentation
The global cookies market segmentation encompasses the distribution channel, packaging, and type. MRFR’s take on the market explores various facets of the market in-depth.
Based on the distribution channel, this market can be segmented into store-based distribution channel and non-store-based distribution channel. Store-based distribution involves retail stores where cookies can be purchased from. Non-store-based distribution involves purchase from online stores by making payment and placing an order via the internet.
The packaging-based segmentation of the market covers flexible packaging, rigid packaging, and others. In the coming years, the rigid packaging segment can dominate the market as it is adopted for exotic cookies.
By type, the market has been segmented into bar cookies, molded cookies, rolled cookies, and others. Usually, bar cookies are freshly baked cookies that are sold in bakeries and through online retail. The increase in demand for fresh cookies can increase the demand for bar cookies.
Regional Segmentation
A geographical outlining of the global cookies market covers the Asia Pacific, North America, Europe, and Rest of the World (RoW).
The Asia Pacific region is the largest market for cookies with Australia, India, and China, holding the major share in the market revenue. Government support to set up manufacturing plants and factors like agro-climatic zones can also fuel the market growth in these countries. In this report, Australia & New Zealand segment covers the two mentioned countries that contribute significant revenue to the market. An analysis of the remaining countries in the Asia Pacific region featured in this report anticipates the huge contribution to market revenue from some other countries.
North America is the second-largest regional market, followed by Europe. Many important market players are based in North America, especially in the USA. Some other factors complementing the market growth include heavy food subsidization and surplus food production. Other two revenue-generating markets in North America are Canada and Mexico, who are among cookie exporters.
Europe is another important regional market as some of the key market players are based in Europe too. Europe has a high density of population and thus, a stable market. European countries produce, export, and import a lot of cookies and biscuits. The vital country-specific markets in this region are France, Germany, Italy, Spain, and the UK. The three European countries that are among top cookie exporters are Belgium, Germany, Netherlands, the UK. An analysis of the remaining countries in Europe featured in this report estimates the huge contribution to market revenue from some other countries.
The RoW segment covers Africa, the Middle East, and Latin America. Among these regions, Latin America is a bigger market due to a decent amount of food production and export. In the Middle East, some cookie brands do exist. Africa primarily imports cookies and other food products. It can become an important regional market if the disposable income of consumers in this region improves.
Key Players
Prominent players in the global cookies market include Britannia Industries (India), Burton's Biscuit Company (UK), Jiashili Group Limited (Hong Kong), Kellogg Co (USA), Kraft Foods (USA), Leibniz-Keks (Germany), Lotus Bakeries NV (Belgium), Mars Inc. (USA), Mondelēz International (USA), Nestlé SA (Switzerland), United Biscuits (UK), and Want Want Group (Taiwan).
Latest Industry News
- Oreo is planning to launch its 2019 Halloween and Christmas Cookies very soon. This would give them a head-start for the festive season and they can rely on their brand value for promotional activities. 7 AUG 2019
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Report details
| Base Year | 2019 |
| Companies Covered | 15 |
| Pages | 110 |
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