Sweet Biscuit Market Trend, Opportunity, and Forecast Analysis, 2024-2032
Sweet Biscuit Market
Sweet Biscuit Market is segmented by Product Type, Distribution Channel, and by Region. KDMI analyst foresees market revenue to cross USD 121.74 Billion by 2032 by growing with a CAGR of 3.5% during 2024-2032.
Sweet Biscuit Market Highlights
The global sweet biscuit market is expected to cross a value of USD 121.74 billion by the end of 2032. The market was valued at USD 91.3 billion in 2023 and is expected to expand at a CAGR of 3.5% between 2024-2032.
- Over the mid-term, the growing trend of quick snacking is the primary factor anticipated to drive the global sweet biscuit market.
- The growing awareness for health consciousness is a major factor to challenge the market growth.
- The North America sweet biscuit market is projected to dominate the global market.
Sweet Biscuit Market: Report Scope |
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Base Year |
2023 |
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Base Year Market Size |
USD 91.3 Billion |
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Forecast Year |
2024-2032 |
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Forecast Year Market Size |
USD 121.74 Billion |
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CAGR Value |
3.5% |
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Sweet Biscuit Market Key Trends/Major Growth Drivers |
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Restraint Factors |
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Sweet Biscuit Market Segmentation |
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Sweet Biscuit Market Key Players |
Mondelēz International Inc. (belVita), Burton's Biscuit Company, ITC Limited (Sunfeast, Dark Fantasy), Parle Products Private Limited, The Kellogg's Company, Britannia Industries Limited, Yildiz Holding AS, Grupo Bimbo, Bahlsen GmbH & Co. KG, Simple Mills, Lotus Biscoff, Ferrero Foundation, The Campbell Soup Company (Arnott's), and others. |
Sweet Biscuit Market Outlook
The baked goods that are typically sweetened and flavored with sugar, butter, chocolate, nuts, and other spices among others, are known as sweet biscuits. Also known as cookies, these biscuits are characterized by their crispy or crunchy texture. Sweet biscuits are usually available in a variety of shapes, sizes, and flavors.
According to our experts at KD Market Insights, one of the major factors anticipated to drive the growth of the global sweet biscuit market is the growing trend of quick snacking. The growing busy lifestyles of people, supported by rapid urbanization globally, has raised the demand for on-the-go consumption habits. Individuals are also preferring for convenient and portable food options, such as sweet biscuits. These biscuits offer a quick and indulgent treat for consumers who are looking for snacks that can be consumed quickly between meals. Hence, the growing trend of snacking is expected to drive the contribute to the market growth of sweet biscuits during the forecast period. Mondelēz International Inc. (belVita), Burton's Biscuit Company, and ITC Limited (Sunfeast, Dark Fantasy) are some of the significant parties in the global market for sweet biscuit.
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Sweet Biscuit Market Drivers – Analyst’s Observation
According to the analysts at KD Market Insights, some key growth drivers for the global sweet biscuit market are:
- Growing Availability of Different Flavors of Sweet Biscuits: The manufacturers of sweet biscuits worldwide are increasingly working on innovating and introducing new varieties of sweet biscuits that are also available in different flavors and formulations. Based on changing consumer preferences and evolving tastes, the manufacturers of sweet biscuits are introducing exotic flavors, healthier ingredients, and indulgent offerings. These actions of the manufacturers that are focused on enhancing consumer interests and developing preferences based on consumer taste, is therefore expected to increase the market growth.
- Increasing Sales Opportunities of Sweet Biscuits in E-Commerce Platforms: The growing e-commerce industry worldwide has opened up new doors for sales of sweet biscuits. Backed by the growing e-commerce industry, sweet biscuit manufacturers are increasingly taking the opportunity to place their products across different online distribution channels. On the other hand, the growing trend of direct-to-consumer business model is also poised to drive the market growth during the forecast period.
Which Probable Factors Could Hamper the Growing Sweet Biscuit Market Trend?
As per our KD Market Insights analysis, some of the challenges expected to limit the global market growth of sweet biscuit are:
- Growing Awareness of Health Consciousness: The rising awareness for health issues associated with sweet biscuits, such as obesity, diabetes, and cardiovascular diseases, which has led to greater awareness for health consciousness among individuals, is expected to limit the market growth.
- Availability of Alternative Healthier Snack Options: The increasing preference of consumers for alternative healthier snack options, such as protein bars, granola bars, yogurt, and fresh fruits which are marketed as low-sugar, low-fat, or high-protein options, are expected to pose numerous challenges for market growth.
How is the Global Sweet Biscuit Market Segmented?
Our experts at KD Market Insights have segmented the global sweet biscuit market as:
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By Product |
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By Distribution Channel
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By Region |
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What are the Probable Factors Influencing the North America Sweet Biscuit Market Forecast?
The North America sweet biscuit market is majorly driven by the availability of a diverse population who have variety of preferences and tastes, in turn, raising the need amongst sweet biscuit manufacturers to innovate a wide range of flavors, textures, and varieties. Moreover, growing need for indulgent treats and comfort foods in the region, along with the rising focus of the sweet biscuit manufacturers on developing ingredients that meet the evolving consumer preferences for healthier, better-for-you, and functional snack options are projected to contribute to the market growth during the forecast period.
As per our analysts at KD Market Insights, the following five players lead the North America sweet biscuit market growth:
- SweetBite Bakery
- SugarCrave Cookies
- Blissful Bites Biscuits
- SweetTreats Confections
- Delightful Crunch Biscuit Co.
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Key Countries to Watch for in North America Sweet Biscuit Market |
Key Insights |
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United States Sweet Biscuit Market to Register the Largest Regional Market Share in 2032 |
USD 34.08 Billion |
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Canada Sweet Biscuit Market to Grow with the Highest CAGR During 2024-2032 |
3.8% |
Which Key Players Top the Global Sweet Biscuit Market Share?
As per our analysts at KD Market Insights, the competitive landscape of global sweet biscuit market facilitates our readers in identifying their closest competitors. The manufacturers who are associated with sweet biscuit market are raising their focus on expanding their presence, as well as their market share. The market has also been witnessing an upward movement in the number of collaborations between research institutions and key players, aimed at introducing advanced technologies and innovation of new products. Here is a list of the key players who top the global sweet biscuit market share:
- Mondelēz International Inc. (belVita)
- Burton's Biscuit Company
- ITC Limited (Sunfeast, Dark Fantasy)
- Parle Products Private Limited
- The Kellogg's Company
- Britannia Industries Limited
- Yildiz Holding AS
- Grupo Bimbo
- Bahlsen GmbH & Co. KG
- Simple Mills
- Lotus Biscoff
- Ferrero Foundation
- The Campbell Soup Company (Arnott's)
What are the Recent Developments Observed in the Sweet Biscuit Market?
Over the years, the experts at KD Market Insights have been observing the recent developments associated with global sweet biscuit market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.
For instance, Britannia Industries Limited stated that it has launched its biscuit brand ‘Good Day’ by adding three new varieties of the sweet biscuit product.
Further, Kellogg’s Company shared that it has launched two flavors of sweet biscuit as part of the Special K range, namely, Dark Chocolate Curls and Mixed Berries with Blackcurrant.
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- Publication date: 12th April 2024
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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