The report “Biscuits Market by product type (Sweet Biscuits, Savory, Crackers, Filled/Coated, and Wafers), by flavor type (Plain, Chocolate, Sour Cream, Cheese, Spiced, and Fruits and Nuts), by source (Wheat, Oats, and Millets), by distribution channel (Supermarket/Hypermarket, Convenience Store, Specialty Store, and Online Retail),and by region (North America, Europe, Asia Pacific, Middle East & Africa, and South America)” Global Biscuits Market was valued at US$ 76.7 Bn in 2017 and is expected to reach US$ 107.1 Bn by 2026, at a CAGR of 4.26% during a forecast period.
Global biscuits market is driven by increasing preference towards the biscuits as snacks among consumers across the globe. Growing consumption of biscuits across the globe. Increasing disposable income of consumers and changing living standards of the middle-class population across the globe, which is expected to boost the global biscuits market growth in a positive way. In addition, rising urbanization and increasing awareness about ingredients and health benefits among consumers, which is also estimated to boost the global biscuits market in the forecast period. However, the shortage of food ingredients and labor along coupled with a rise in the tax rate, which is estimated to restraint the market growth.
The online retail segment is leading the Biscuits Market.
The online retail segment is anticipated to hold the largest share in the global biscuits market during the forecast period owing to increasing popularity of e-commerce website among consumers across the globe. Online retailing provides more discounts and wider options to purchase, the online platform becomes popular owing to that it provides the delivery to the doorstep by order of products.
The sweet biscuits segment is leading the Biscuits Market.
The sweet biscuits segment is expected to hold the largest share in the global biscuits market during the forecast period. Changing consumer preference towards the healthy biscuits, which is estimated to drive the global biscuits market in the forecast period.
The Asia Pacific is the leading regional market for Biscuits Market.
The Asia Pacific is expected to hold the largest share in the global biscuits market during the forecast period owing to rising middle-class population coupled with increasing disposable income in developing countries of this region such as India and China. In addition, rising demand for biscuits as an alternative for bread, and confectioneries in this region, which is surging the global biscuits market in a positive way. Europe is expected to generate the highest CAGR in the market during the forecast period. North America is also estimated to drive the global biscuits market growth in the forecast period due to developed economy.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as are Campbell Soup Company, Nestle SA, Kraft Foods Group, Inc., The Kellogg Company, National Biscuit Industries LTD SAOG, Britannia Industries Limited, Lotus Bakeries NV, Mondelez International, Inc., ITC Limited, Dali Food Group Co, Ltd., Brutons Biscuit Company, The Hershey Company, United Biscuits Company, Kambly SA, Walkers Shortbread Ltd., Ulker Biskuvi Sanayi A.S., Parle Products Private Limited, Dr Gerard sp. z o.o., HUG AG, and Cornu AG.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Biscuits Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for taking an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Biscuits Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Biscuits Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on” Biscuits Market”.
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