Sweet Biscuit Market: Global Size, Share, Trends, Growth and Forecast 2022-2032
Sweet Biscuit Market Key Highlights
The Global Sweet Biscuit Market is expected to grow from USD 86.9 Billion in 2021 to USD 137.5 Billion by 2032, at a CAGR of 5.4% during the forecast period 2022-2032.
Sweet Biscuit Market: Overview and Definition
The sweet biscuit market refers to the industry that produces and sells sweet, baked goods made from flour, sugar, butter or other fats, and other ingredients such as chocolate, nuts, dried fruits, and spices. Sweet biscuits can come in a variety of shapes and sizes, including cookies, crackers, wafers, and other types of snacks.
The market for sweet biscuits is a significant part of the overall baked goods market, which includes bread, pastries, and cakes. The demand for sweet biscuits is driven by consumer preferences for convenient, ready-to-eat snacks that are affordable, tasty, and have a long shelf life. They are often consumed as a snack or as an accompaniment to tea or coffee.
The sweet biscuit market is highly competitive, with many major players operating in the industry, such as Mondelez International, Kellogg's, Nestle, and Danone. These companies offer a wide range of sweet biscuit products under various brand names and cater to different consumer segments, such as children, adults, and health-conscious consumers.
In recent years, there has been a growing demand for healthier sweet biscuit options, such as low-sugar and gluten-free varieties, which has led to the emergence of many new niche players in the market. The sweet biscuit market is also influenced by factors such as changing consumer preferences, economic conditions, and evolving technologies.
Sweet Biscuit Market: Growth Drivers
Convenience and Portability: Sweet biscuits are a convenient and portable snack that can be easily consumed on-the-go. As people lead busier lifestyles, the demand for such snacks has increased.
Taste and Variety: The availability of a wide range of flavors, shapes, and textures has helped to keep sweet biscuits popular with consumers. Companies often introduce new and innovative flavors to attract consumers and keep the market fresh.
Affordable Price: Sweet biscuits are a relatively inexpensive snack that can be enjoyed by a broad consumer base. Their affordability and wide availability make them an accessible treat for many consumers.
Health and Wellness Trends: The demand for healthier sweet biscuits, such as low-sugar and gluten-free options, has grown in recent years. Many manufacturers have responded to these trends by offering healthier options.
Increasing Urbanization: As more people move to urban areas, the demand for convenient and portable snack options like sweet biscuits has increased.
Growing Population and Middle Class: As the global population continues to grow and the middle class expands, more people have disposable income to spend on snacks and treats like sweet biscuits.
E-commerce and Online Retail: The rise of e-commerce and online retail has made it easier for consumers to purchase sweet biscuits, as they can order them from the comfort of their homes and have them delivered to their doorsteps.
Sweet Biscuit Market: Challenges
Competition: The sweet biscuit market is highly competitive, with many major players operating in the industry. Companies must constantly innovate and introduce new products to stay competitive and retain customers.
Health Concerns: While sweet biscuits are a popular snack, they are also high in sugar, fat, and calories. As consumers become more health-conscious, many are cutting back on their consumption of sweet biscuits or seeking out healthier options. This trend is forcing manufacturers to adapt their product lines to offer healthier options.
Supply Chain Disruptions: The sweet biscuit market relies on a complex global supply chain, and disruptions such as natural disasters, trade restrictions, and pandemics can affect the availability of raw materials and production processes, leading to higher costs and potential product shortages.
Regulatory Requirements: Food manufacturers must comply with strict regulatory requirements related to food safety, labeling, and marketing. This can be a significant challenge for companies operating in multiple markets, as regulations vary by country.
Shifting Consumer Preferences: Consumer preferences and trends can be unpredictable and rapidly changing. Keeping up with these trends can be a challenge for manufacturers, who must quickly adapt to stay relevant.
Sustainability Concerns: As consumers become more concerned about the impact of food production on the environment, they may seek out more sustainable sweet biscuit options. This could involve using more eco-friendly packaging, reducing waste, and sourcing ingredients from more sustainable sources.
Sweet Biscuit Market: Report Scope
Base Year Market Size
Forecast Year Market Size
Sweet Biscuit Market: Segmentation
The research offers a comprehensive analysis of sweet biscuit market with respect to following sub-markets:
- Butter based biscuit
- Chocolate Cookies
- Plain Cookies
- Wafer Biscuits
- Fruit Flavored Biscuits
- Cheese Flavored Biscuits
By Distribution Channel
- Convenience Stores
- Independent Retailers
- Online Stores
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
The report profiles various major and niche market players such as;
- Britannia Industries Limited
- Mondelez International, Inc.
- ITC Limited
- Nestle SA
- Kraft Foods Group, Inc
- The Kellogg Company
- Lotus Bakeries NV
- United Biscuits
- Burton Biscuits
- Other Major & Niche Players
Competitive Landscape analysis provides detailed strategic analysis of the company's business and performance such as financial information, revenue breakup by segment and By Geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.
The study also provides company's positioning and market share in Sweet Biscuit market.
Sweet Biscuit Market: Regional Synopsis
North America: The sweet biscuit market in North America is driven by a high demand for convenience and snack foods. Consumers are increasingly interested in healthier and natural snack options. Major companies operating in this region include Mondelez International, Kellogg's, and General Mills.
Europe: The European sweet biscuit market is mature and highly competitive. Consumers in this region are interested in natural, organic, and gluten-free options. Leading companies operating in this market include Danone, Nestle, and United Biscuits.
Asia Pacific: The Asia Pacific region is a significant and growing market for sweet biscuits. The demand is driven by changing lifestyles, urbanization, and rising disposable incomes. Major players operating in this region include Lotte, Meiji Holdings, and Ezaki Glico.
Latin America: The sweet biscuit market in Latin America is also growing rapidly, driven by changing consumer preferences and a growing population. The demand is fueled by a preference for snacks that are affordable, convenient, and tasty. Leading players in this market include Grupo Bimbo, PepsiCo, and Arcor.
Middle East and Africa: The sweet biscuit market in the Middle East and Africa is also growing, driven by rising incomes and urbanization. Consumers in this region prefer affordable, convenient, and ready-to-eat snacks. Leading players in this market include Mondelez International, Britannia Industries, and United Biscuits.
Sweet Biscuit Market: Recent Developments
Healthier and More Sustainable Options: Many companies have been developing and introducing healthier and more sustainable sweet biscuit options to meet the growing consumer demand for such products. This includes products that are low in sugar, high in fiber, and made with more sustainable ingredients.
Gluten-Free and Allergen-Free Options: In response to the rising number of people with food allergies and intolerances, many sweet biscuit manufacturers have been developing gluten-free and allergen-free options. This includes products made with alternative flours like rice flour and chickpea flour.
Innovation in Flavors and Formats: To keep up with changing consumer preferences, sweet biscuit manufacturers have been innovating with new flavors, shapes, and formats. This includes products that are bite-sized, wafer-thin, or in unique shapes like stars or hearts.
Digital and E-Commerce Expansion: Many sweet biscuit manufacturers have been expanding their digital and e-commerce presence to reach more consumers. This includes selling products on their own websites or on third-party online marketplaces, as well as using social media and other digital marketing channels to promote their products.
Mergers and Acquisitions: There have been several significant mergers and acquisitions in the sweet biscuit industry in recent years, as companies look to expand their market share and diversify their product offerings. For example, in 2019, Ferrero Group acquired Kellogg's biscuit brand, Keebler, and a range of other sweet biscuit brands.
Increased Emphasis on Sustainability: Many sweet biscuit manufacturers have been increasing their emphasis on sustainability, including using more eco-friendly packaging, sourcing ingredients from sustainable sources, and reducing their carbon footprint.
Timeline Considered for Analysis:
- 2021: Base Year
- 2022: Estimated Year
- 2022 to 2032: Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter's Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global Sweet Biscuit market by the following segments:
- Distribution Channel
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Customization: We also offers customization's in the industry report as per the company's specific needs.
Key Questions Answered in the Global Sweet Biscuit Industry Report
- What is the overall market size in 2021? What will be the market growth during the forecast period i.e. 2022-2027?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?
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