Fortified Biscuit Market- Analysis and Forecast (2022-2027) Trends, Statistics, Dynamics, Segmentation by Type, Distribution Channel, and Region

Fortified Biscuit Market was valued at US$ 1.15 Bn. in 2021. Fortified Biscuit Market size is expected to grow at a CAGR of 5.4 % through the forecast period.
Fortified Biscuit Market Overview:
The process of applying micronutrients (essential trace components & vitamins) to food is known as food fortification or enrichment. It may be a commercial option to provide more nutrients in an existing meal, or it may be a public health strategy aimed at reducing the number of people with dietary deficiencies in a population. Increased attention on substances with health benefits & welfare, as well as dynamic lifestyles, are forecasted to propel the market forward. Several customers will expect the best nourishment possible. Sugar-free, low-calorie, high-fiber biscuits are becoming increasingly popular. Nutritional inadequacies among children and newborns are causing attention costs to rise to 2-3 percent of GDP.



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2021 is considered as a base year to forecast the market from 2022 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysis especially with the impact of lockdown by region.
Fortified Biscuit Market Covid-19 Insights:
The COVID-19 pandemic has resulted in regional lockdowns, line closures, & transportation system breakdowns. Furthermore, the financial vulnerability of the Fortified Biscuit Market is much higher than in previous outbreaks such as severe acute respiratory syndrome (SARS), avian influenza, pig influenza, bird influenza, and Ebola, as evidenced by the rising number of infected people & the vulnerability near the crisis' end. The Fortified Biscuit Refreshments Market is being impacted from numerous angles because of the rapidly growing instances. The lockdown and the spread of the sickness are forcing people to stay indoors, which is disrupting the inventory network of the Fortified Biscuit drinks market. The Fortified Biscuit Makers' presentation & product transportation are linked. When the manufacturing process is halted, the transportation and distribution networks, as well as the store network, come to a halt. The pandemic has also had a significant impact on the stacking and dumping of products, such as raw materials and results (fixings), which demand a great deal of manpower. The entire Fortified Biscuit inventory network is significantly harmed because of the incident, from the assembling plant entrance to the stockroom or from the distribution center to the end clients, i.e., application ventures.
Fortified Biscuit Market Dynamics:
Iron, iodine, & nutrient deficiencies have an impact on college students' mental growth and capacity. Iron deficiency might be a major public health concern. Deficiency illness is thought to be responsible for around five-hundredths of all child mortality. Players in the market, like as Britannia, are expanding their enriched biscuit product line to create a sustainable business strategy and address nutrition issues.

Rising demand for sugar-free and low-calorie products, rising obesity rates throughout the world, and a growing focus on health & wellbeing are all forecasted to drive the Fortified Biscuit Market in the coming years. Other key reasons that are expected to increase demand for enriched biscuits include rising awareness about ingredients and changing lifestyles.

Biscuits are vital items & snacks that are enjoyed by a large population in practically every country on the planet. Biscuits in both sweet and savory flavors were previously widely available and consumed, but as public awareness of health issues has grown, fortified biscuits have emerged as a new trend in the biscuit market, as they are considered to be a good source of nutrients as well as having a delicious flavor.

Improved health benefits of biscuits, increased health consciousness, changes in living standards, the launch of healthy snacks, investment in R&D, surge in innovation and technology, increased awareness about healthy and alternative ingredients, convenience food consumption, fortification of biscuits with healthy nutrients, improved palatability of product, and attractive packaging are the key factors driving the growth of the fortified biscuit market. The growth of the fortified biscuit market is hampered by growing rivalry among manufacturers, traditional baking processes, and the availability of replacement goods. Investing in quality standards, enhanced baking technique, and nutritional fortification of the product, on the other hand, opens new opportunities for the fortified biscuit business.

Trends:

Healthy snack consumption has increased among the millennial & Z generations as consumer awareness of health and fitness has risen to the level of a daily demand. Biscuits are commonly consumed as snacks, but their high fat and carbohydrate content is lowering their market demand. As a result, fortified biscuits such as digestive biscuits, organic biscuits, and fortified biscuits have emerged as a new trend in the fortified biscuit market. The enriched biscuits' high fibre, vitamin, mineral, and other nutritional content has made them a popular morning food across the world. Due to their great digestibility and palatability, fortified biscuits comprised of wheat, oats, and multi-grain are widely manufactured and consumed.

The benefits of fortified biscuits have been examined & studied several times, and they have been shown to aid in the avoidance of certain ailments and the enhancement of overall health. In lieu of regular biscuits, the nutritious fortified biscuits are a valuable source of preventing nutritional deficiencies and other problems including obesity.
Fortified Biscuit Market Segment Analysis:
Based on Type:

Because of the growing health consciousness among customers, plain biscuits & cookies hold a considerable market share in the fortified market. The market for baked plain biscuits and cookies is also growing due to changing dietary habits and a surge in the working-class population.Based on the Distribution Channel:

The Department Stores market has a substantial market share. However, due to increased urbanisation, the Supermarkets category is seeing significant growth and is expected to have the greatest CAGR throughout the forecasted period. Consumers increasingly prefer to buy at supermarkets since they often offer a larger selection of items.
Fortified Biscuit Market Regional Insights:
The North America region dominated the market with 33 % share in the year 2021. As fortified biscuits are thought to help with digestion issues, lower cholesterol levels, and reduce obesity, demand is expected to rise throughout the forecasted period. Furthermore, their widespread availability in practically all grocery shops is to make consumption easier, particularly in the United States. Growing public knowledge about celiac disease is forecast to accompany market growth in the United States. People who are health-conscious or have a condition frequently consume enriched biscuits to alleviate symptoms. Furthermore, people who have not been diagnosed with the condition may adopt a Fortified Biscuits in diet on the premise that doing so may lower cardiac risks. The APAC region is expected to witness significant growth at a CAGR of 5.4% during the forecast period.

The objective of the report is to present a comprehensive analysis of the Fortified Biscuit Market to the stakeholders in the market. The past and current status of the market with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the market with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the market to the decision-makers.

The reports also help in understanding the Fortified Biscuit Market dynamic, structure by analyzing the market segments and projecting the Fortified Biscuit Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Fortified Biscuit Market make the report investor’s guide.
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Fortified Biscuit Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2027


Historical Data:
2017 to 2021
Market Size in 2021:
US$ 1.15 Bn.


Forecast Period 2022 to 2027 CAGR:
5.4%
Market Size in 2027:
US$ 1.58 Bn.


 Segments Covered:
by Product
• Plain Biscuits
• Cookies
• Sandwich Biscuits
• Crackers


by Distribution Channel
• Department Stores
• Supermarkets
• Online



Fortified Biscuit Market by Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
Fortified Biscuit Market Key Players:
• Arnotts Biscuits Holdings Pty Limited
• Annas pepparkakor AB
• Burton’s Foods Ltd.
• Danone Group
• Dali Group
• Kraft Foods
• Kellogg Co
• Parle Products Pvt. Ltd.
• Nestlé SA.
• Britannia Industries Ltd.
• ITC
• Lotus Bakeries NV.
• Mondelez International Inc.
• McVitie’s
• Tiffany (IFFCO)
• Nabisco Biscuit Company
• Pladis (United Biscuits)
• Nairns
• UNIBIC Foods India Pvt. Ltd.
• Cosmic Nutracos Solution Pvt. Ltd

Frequently Asked Questions:

1] What segments are covered in the Fortified Biscuit Market report?
Ans. The segments covered in the Fortified Biscuit Market report are based on Product Type and Distribution Channel.

2] Which region is expected to hold the highest share in the Fortified Biscuit Market?
Ans. The North America region is expected to hold the highest share in the Fortified Biscuit Market.

3] What is the market size of the Fortified Biscuit Market by 2027?
Ans. The market size of the Fortified Biscuit Market by 2027 is expected to reach US$ 1.58 Bn.

4] What is the forecast period for the Fortified Biscuit Market?
Ans. The forecast period for the Fortified Biscuit Market is 2022-2027.

5] What was the market size of the Fortified Biscuit Market in 2021?
Ans. The market size of the Fortified Biscuit Market in 2021 was valued at US$ 1.15 Bn.