Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Biscuits Market size was over USD 112.65 billion in 2024 and is anticipated to cross USD 234.45 billion by 2037, growing at more than 5.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of biscuits is estimated at USD 118.2 billion.
The rising demand for healthful plus quick snacks and rising food consumption per capita in developing countries is promoting towards the growth of the global biscuit market. The biscuit industry has evolved basis the consumer demands through all these years. In addition, increasing research and development activities also resulted in the development of different varieties of biscuits, therefore providing the customers a wide range of types to choose from. Moreover, increasing awareness amongst consumers for gluten free biscuits and biscuits that do not contain traditional white flour, are also anticipated to add on towards the growth of the market.
Biscuits Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Preferences for Snacks Amongst Consumers|
Backed by the increasing disposable income, and rapid urbanization, the demand for snacks that are available readily and can be consumed without cooking or putting much effort, have observed a significant growth over the past few years. The demand for snacks can also be attributed to the availability of the different types of biscuits globally that are made with different flours and with different flavors and taste preferences. On the other hand, the increasing awareness for gluten free biscuits and increasing awareness for the side effects of consuming biscuits made of white flour, has raised the necessity amongst the biscuit manufacturers to manufacture healthy biscuits. Such factors are anticipated to drive the growth of the global biscuit market. - Increasing Television Advertisements To Promote Consumer Awareness
On this era of digital marketing and television ads, biscuit manufacturers are also using innovative ideas to promote their products through these channels. It is the best platform to market the product, by which they can reach more people. These ads and marketing techniques are helping in the growth of this market.
Challenges
- High Cost of Raw Material to Hinder the Market Growth
The major restraint factors in this market are tough competitors and high cost for raw material to make the biscuits of premium quality. To survive in such kind of competitive market the quality of biscuits should be of best quality, to make such quality biscuits the raw material should be of good quality. Therefore, high cost of raw material hinders the market growth and becomes a major restraint factor.
Biscuits Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
5.8% |
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Base Year Market Size (2024) |
USD 112.65 billion |
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Forecast Year Market Size (2037) |
USD 234.45 billion |
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Regional Scope |
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Biscuits Segmentation
This market is segmented by product type, source, packaging, distribution channel and by flavor. These segments are further divided into sub-segments. Based on product, the global biscuits market is segmented into sweet biscuits, savory, crackers, filled or coated, wafers and others, out of which, the market of sweet biscuits segment is anticipated to hold the largest share in the biscuit market on account of the availability of numerous varieties of sweet biscuits, as well as increase in the preference of sweet biscuits amongst children. Moreover, sweet biscuits also act as a quick source of carbohydrates and the sugar present in the biscuit aids to fill up hunger, thereby raising the consumption of sugar biscuits, and in turn the growth of the segment.
Our in-depth analysis of the global market includes the following segments:
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By Product Type |
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By Source |
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By Packaging |
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By Distribution Channel |
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By Flavor |
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Customize this ReportBiscuits Industry - Regional Synopsis
Based on regions, the biscuits market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
North America industry is set to hold largest revenue share by 2037, owing to rising disposable income that is driving people towards consuming biscuits on daily basis.
The biscuit market in Asia-Pacific region is expected to be the fastest-growing market during the forecast period which can be attributed to a shift in consumer preference and increasing disposable income in the markets of China and India.
Companies Dominating the Biscuits Landscape
- Nestlé S.A.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Parle Products Pvt. Ltd
- Kellogg Company
- Burton's Biscuit Company
- Lotus Bakeries Corporation
- ITC Limited
- United Biscuits
- Cadbury
- Walkers Shortbread Ltd
In the News
Author Credits: Parul Atri
- Report ID: 1300
- Published Date: Dec 23, 2024
- Report Format: PDF, PPT
