Crackers Market- Global Industry Analysis and Forecast (2024-2030)

Crackers Market size was valued at US$ 23.69 Bn. in 2023 and the total revenue is expected to grow at 4.8% through 2024 to 2030, reaching nearly US$ 32.89 Bn.
Crackers Market Overview:
Cracker is a common snack made with flour which is typically baked, flat and dry which comes in varieties such as salty, cheese, seeds, and herbs. Crackers can be consumed as it is or with the pairing of cheese, meat slices, dips, fruits, and any soft spreads. Certain crackers are marketed as gluten-free and healthy compare to any other snack options which made them very popular and high demanding snacks worldwide. The United States is considered the highest Crackers consuming country.To know about the Research Methodology :- Request Free Sample Report
Crackers Market Dynamics:
Crackers are considered to be healthy and easy to eat snacks which is why crackers are consumed largely in all-region. The United States is the major consumer of crackers which has been the oldest form of snack which has no sign of slowing down as new innovative crackers come in different flavors, seasonings, and gluten-free options which made the global cracker industry booming.

Crackers are one of the healthiest snacks which have basic ingredients such as wheat, rice, and nut flour in combination with multi-grains and plant-based ingredients such as chickpea, quinoa, chia, flax, and vegetables such as beet, sweet potato, mushroom, and kale. Due to such healthy properties, crackers are consumed widely in all age groups. Multigrain crackers are high fiber-enriched and low sodium with iron and vitamin B which makes them the healthiest snack of all.

Crackers are the best side dish for a small gathering and social meeting which is the general option which is provided by the hospitality industry as well as in domestic usage. Crackers can be served with toppings and seasonings with different cheese, fruits, and dips which makes it a more compelling snack option with fancy dressing. Crackers are also paired with the wine which is consumed with cheese enhances the wine taste notes on the pallet due to the basic taste of crackers.

Currently, many brands are leading the cracker market with Kellogg co. brand Cheez-it dominating the global market. Innovative variety and feedback from the consumer have excelled the crackers market globally. New Cracker innovations entered into the market such as Cheez-it Extra Toasty and Extra Cheesy Crackers, Ritz Cheese Crispers, Late July Organic Chia and Quinoa Crackers, Mary Gone Real Thin Crackers, and Simple Mills Organic Seed Flour Crackers.

There are several key players in the market which have major shares holing in the market and innovative products make it a highly competitive market hence then drive to coming up with a variety and robust supply chain to meet the demand making companies grow the market each year.
Crackers Market Restraints
There are several downsides of crackers if consumed too much such as high sodium content results in high blood pressure, water retention, and edema. Cheese and buttery crackers contain high fat and high calories which makes them unhealthy snacks if it consumed too much.
Crackers Market Segment Analysis:
Based on product type, saltine crackers segment is dominant in the market in 2023. Salty crackers are a staple snack for many people because they pair well with many foods and are versatile. The consumers prefer saltine crackers as they are savoury, versatile and they pair with cheese, dips, spreads, and soups, making them a staple for casual snacking and social gatherings. They also come in many flavors and textures, including classic saltines and seasoned options. Sweet crackers are becoming more common in the daily breakfast routine of consumers worldwide. Sandwich crackers contain a filling of cheese, cream, chocolate, or flavored dip. So the segment is emerging as the sandwich crackers can go with different foods and form innovative products. The demand for organic and natural crackers is growing as consumers become more aware of health and sustainability.
Crackers Market Regional Insights:
North America is the dominating region in the global crackers market with a total share of US$ 5.6 billion in the year 2023. The United States holds a large portion of the North American market which is the oldest cracker-consuming country globally. Large consumer base and many local and global competitor makes the North American cracker market more competitive.

The European region is the second-largest market for crackers considering the demand and preference for crackers and savory biscuits. European consumers tend to opt for nutritious snacks and biscuits causing upper demand for multi-grain crackers.

The Asia Pacific is the fastest-growing market for crackers as countries like India, China, and the South East Asian cluster noted a demand spike for crackers and savory biscuits. Asia Pacific market has seen a CAGR of 4.8% growth in the FY-2023 and is anticipated to be an emerging region in the crackers market.

The objective of the report is to present a comprehensive analysis of the Global Crackers market to the stakeholders in the industry. The past and current status of the industry 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 industry 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 industry to the decision-makers.

The report also helps in understanding the Global Crackers market dynamics, structure by analyzing the market segments and project the Global Crackers market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Crackers market make the report investor’s guide.
Crackers Market Scope: Inquire before buying



Global Crackers Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 23.69 Bn.


Forecast Period 2024 to 2030 CAGR:
4.8%
Market Size in 2030:
US $ 32.89 Bn.


 Segments Covered:
by Product Type
Saltine Crackers
Sweet Crackers
Sandwich Crackers
Gluten-Free Crackers
Organic and Natural Crackers
Others


by Flavor Profile
Classic Flavors
Cheese and Savory Flavors
Sweet and Dessert Flavors
Spicy and Bold Flavors
Others


by Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Online Retail
Specialty Stores
Others



Crackers Market, by Region
North America (United States, Canada, and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, and the Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan, and the Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria, and the Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Crackers Market, Key Players are
1. Mondelez International
2. Intersnack Group GmbH & Co. KG
3. Kellogg's
4. PepsiCo
5. Snyder's-Lance
6. Arnott's Biscuits
7. Britannia Industries
8. Galbusera
9. Mary's Gone Crackers
10. Parle Products
11. Pepperidge Farm
12. RYVITA
13. Westminster Cracker Company
14. ITC Limited
15. Burton’s Biscuit Company
16. Annie's Homegrown
17. Monde Nissin Corporation
18. The Campbell Soup Company
19. Other Key Players

Frequently Asked Questions:

1. Which region has the largest share in Global Crackers Market?
Ans: Asia Pacific region held the highest share in 2023.

2. What is the growth rate of Global Crackers Market?
Ans: The Global Crackers Market is growing at a CAGR of 4.8% during forecasting period 2024-2030.

3. What is scope of the Global Crackers Market report?
Ans: Global Crackers Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Crackers Market?
Ans: The important key players in the Global Crackers Market are – Key Intersnack Group, Kellogg, Mondelez International, PepsiCo, Snyder's-Lance, Arnott's Biscuits, Bremner Biscuit Company, Britannia, Colussi, Galbusera, Mary's Gone Crackers, Monde M.Y. San Corporation, Natural Nectar, Parle, PEPPERIDGE FARM, RYVITA, Snack Factory, Stauffer, United Biscuits, Westminster Cracker Company, and

5. What is the study period of this Market?
Ans: The Global Crackers Market is studied from 2023 to 2030.