Sweet Biscuits Market – Global Industry Analysis and Forecast (2024-2030) by Product and Region

Global Sweet Biscuits Market size was valued at USD 98.47 Billion. in 2023 and the total Sweet Biscuits Market revenue is expected to grow at 5.3% through 2024 to 2030, reaching nearly USD 141.36 Billion.
Sweet Biscuits Market Overview:
The Sweet Biscuits are a great source to boost the energy level and to satisfy hunger. Sweet Biscuits contain nutritional factors such as carbohydrates, fats, and fibers which are essential for human health. Consumers all around the world preferred Biscuits in their breakfast due to their high nutritional values. Demand for biscuits is increasing due to the innovation in packaging, new flavors, and shapes. Increasing demand for healthy snacks and an increase in per capita consumption of biscuits in developing countries are also driving the global biscuits market. Healthy biscuits that are made from whole grains such as millets, oats, and others, are grabbing the attention of health-conscious consumers to buy biscuits has led to an increased biscuits market revenue.To know about the Research Methodology :- Request Free Sample Report

The trend of purchasing premium biscuits as a gift option for various occasions such as Christmas, Halloween Valentine's Day, or any family function is growing nowadays. Many companies offer premium biscuits with various fillings such as dark chocolate, milk chocolate, caramel, and coffee. Premium biscuits with luxury packaging are enjoyed by consumers of higher-income groups. The increasing demand for innovative flavors of biscuits is boosting the global sales of the premium biscuits market.

In this report, the Sweet Biscuits Market's growth reasons, as well as the market's many segments (Product, source, distribution channel, and Region), are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the wiring duct market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global Sweet Biscuits Market situation.
Sweet Biscuits Market Dynamics:
Rising urbanization, growth in retail sectors, and increasing awareness about ingredients and health benefits among consumers are estimated to boost the global biscuits market.

The companies are increasingly promoting their brands as free of fats, artificial flavors & sweeteners. They are using ingredients such as organic wheat flour, cane sugar, rice syrup, and corn starch. Thus, inclination toward low sugar and low-calorie content is motivating biscuit manufacturers to develop nutritious biscuits. Companies have adopted advanced machinery such as robotics to improve their ability to launch new brands. They introduce automated quality control instrumentation to maintain consistency in workflow and develop fully integrated networks for automatic baking, packaging & other operations. This is presenting significant growth opportunities to the market.

However, rising competition among manufacturers and high-cost raw materials are factors expected to restrain the growth of the Sweet Biscuits Market during the forecast period.
Segment Analysis:
By Product, The cookies segment is expected to grow at a CAGR of 4.3% during the forecast period. Cookies are the most preferred types of biscuits consumed by people of all age groups in the world. To cater to the rising demand for premium cookies in the country, Biscuit manufacturers are experimenting with the product flavors and launching Biscuit products specific to consumers’ needs.

Plain sweet biscuits are consumed by every economic section around the world. The demand for plain biscuits is expected to increase at a consistent rate. Plain sweet biscuits are easily available which makes them a more preferred choice by the consumers as they can be consumed at any time. Consumers are looking for those biscuits that are healthy, convenient, and help in quantifying the intake of nutrients. Therefore, companies are increasingly launching digestive and innovative plain biscuits, particularly in the developing countries where the consumption of healthy biscuits is increasing.

Sandwich Biscuits segment is anticipated to grow with the CAGR of 4.7 % during the forecast period owing to the growing preferences among kids and the younger generation and the diversified flavors. Growing awareness of the need for a healthy breakfast, altering the retail landscape and consumer preference for luxury bakery items are expected to drive demand for the market.

By Source, The wheat segment is a leading market owing to the high demand for functional ingredients used for the preparation of biscuits.

By Distribution channel, the online retail segment is expected to hold the largest share in the global biscuits market by 2030, owing to online retails providing more discounts on purchases. Online shopping becomes popular because it provides delivery to the doorstep.

The convenience store segment dominates the global sweet biscuit market. wide range of product availability with the convenience of purchasing from anywhere is a major factor which attributing to the growth of this segment.
Regional Insights:
North America is estimated to drive the global sweet biscuits market during the forecast period. Consumption of sandwich biscuits is increasing, especially among the working-class population in the North American region is expected to grow the sweet biscuit market rapidly. Moreover, the availability of flavors, rising disposable income, urbanization, and changing lifestyles further boosted the market during the forecast period.

The Asia Pacific held the highest market share in the global sweet biscuits market in 2023. Asia-Pacific such as China and India represents the fastest-growing market for biscuits. The U.S is the largest manufacturer of biscuits. Increased consumption of bakery & cereals trends, the rising number of health-conscious consumers, increasing, young age population along with changing lifestyle and growing demand by almost all the age of group are the factors expected to propel the demand for sweet biscuit market in this Asia Pacific regions during the forecast period.

The objective of the report is to present a comprehensive analysis of the Sweet Biscuits 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 Sweet Biscuits Market dynamics, structure by analyzing the market segments and projecting the Sweet Biscuits Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Sweet Biscuits Market make the report investor’s guide.
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Sweet Biscuits Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
USD 98.47 Bn.


Forecast Period 2024 to 2030 CAGR:
5.3%
Market Size in 2030:
USD 141.36 Bn.


 Segments Covered:
by Product
Chocolate-coated Biscuits
Cookies
Plain Biscuits
Sandwich Biscuits
Other Sweet Biscuits


by Source
Wheat
Oats
Millets
Others


by Distribution Channel
Supermarket/Hypermarket
Convenience Store
Specialty Store
Online Retail



Sweet Biscuits Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Sweet Biscuits Market, Key Players
1. Britannia Industries Ltd.
2. Burton`s Foods Ltd.
3. Campbell Soup Company
4. Groupo Bimbo
5. Kellogg Company
6. Kraft Foods Group, Inc.
7. Mondelez International
8. Nestle
9. Parle Products Ltd
10. United Biscuits
11. Border Biscuits Ltd
12. Poppies Bakeries
13. BAKEMATE
14. Sweet Home Biscuits
15. Vitana PLC
16. Bahlsen Group
17. Sweet Vision
18. Frank Roberts & Sons Limited
19. Pionir d.o.o.
20. Kraš d.d.
FAQs:
1. What are the drivers of the Sweet Biscuits Market?
Ans. Rising urbanization, growth in retail sectors, and increasing awareness about ingredients and health benefits among consumers are major drivers for the global market.

2. What is the restraint in the Sweet Biscuits Market during the forecast period?
Ans. rising competition among manufacturers and high-cost raw materials are factors expected to restrain the growth of the market during the forecast period.

3. What is the projected market size & growth rate of the Sweet Biscuits Market?
Ans. Global Sweet Biscuits Market size was valued at USD 98.47 Billion. in 2023 and the total Sweet Biscuits Market revenue is expected to grow at 5.3% through 2024 to 2030, reaching nearly USD 141.36 Billion.

4. What segments are covered in the Sweet Biscuits Market report?
Ans. The segments covered are Product, source, distribution channel and Region.