Biscuits Market Size, Share, Analysis, Trends and Strategies 2024-2032 | Yıldız Holding (Turkey), Mondelēz International (U.S.), Kellogg Co. (U.S.)

The global biscuits market was valued at USD 104.32 billion in 2023 and is projected to reach USD 108.75 billion in 2024. The market is expected to expand to USD 167.69 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.56% during the forecast period.

Biscuits are a popular baked snack enjoyed worldwide by people of all ages, available in various flavors, textures, and forms to cater to diverse consumer preferences. The market is anticipated to accelerate due to the rising demand for healthy, gluten-free snacks.

This information is detailed in the research report "Biscuits Market, 2024-2032" by Fortune Business Insights™.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
https://www.fortunebusinessinsights.com/enquiry/queries/biscuits-market-108482

𝐋𝐈𝐒𝐓 𝐎𝐅 𝐊𝐄𝐘 𝐂𝐎𝐌𝐏𝐀𝐍𝐈𝐄𝐒 𝐏𝐑𝐎𝐅𝐈𝐋𝐄𝐃 𝐈𝐍 𝐓𝐇𝐄 𝐑𝐄𝐏𝐎𝐑𝐓:
• Yıldız Holding (Turkey)
• Mondelēz International (U.S.)
• Kellogg Co. (U.S.)
• ITC LIMITED (India)
• Britannia Industries (India)
• Lotus Bakeries Corporate (Belgium)
• Campbell Soup Company (U.S.)
• Nestlé (Switzerland)
• The Kraft Heinz Company (U.S.)
• Ferrero (Italy)

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:
𝐇𝐢𝐠𝐡 𝐍𝐮𝐭𝐫𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐖𝐢𝐝𝐞 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐒𝐰𝐞𝐞𝐭 𝐁𝐢𝐬𝐜𝐮𝐢𝐭-𝐒𝐞𝐠𝐦𝐞𝐧𝐭
Based on product type, the market is segmented into crackers, sweet, and savory biscuits. The sweet biscuit segment is anticipated to dominate the market as these are highly composed of nutrients, such as fats, fibers, and carbohydrates, and are widely available in different stores.

𝐏𝐥𝐚𝐢𝐧 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐄𝐦𝐞𝐫𝐠𝐞 𝐚𝐬 𝐓𝐨𝐩 𝐂𝐡𝐨𝐢𝐜𝐞 𝐟𝐨𝐫 𝐇𝐞𝐚𝐥𝐭𝐡-𝐂𝐨𝐧𝐬𝐜𝐢𝐨𝐮𝐬 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫𝐬
Based on flavor, the market is divided into plain, chocolate, cheese, fruit & nut, and others. The plain biscuit segment dominated the market in 2022 as this snack option offers convenience and helps customers quantify the amount of nutrients consumed.

𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐨𝐟 𝐋𝐚𝐫𝐠𝐞 𝐕𝐚𝐫𝐢𝐞𝐭𝐲 𝐨𝐟 𝐒𝐧𝐚𝐜𝐤𝐬 𝐭𝐨 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐅𝐨𝐨𝐭𝐟𝐚𝐥𝐥 𝐢𝐧 𝐇𝐲𝐩𝐞𝐫𝐦𝐚𝐫𝐤𝐞𝐭𝐬/𝐒𝐮𝐩𝐞𝐫𝐦𝐚𝐫𝐤𝐞𝐭𝐬
The market is split into independent bakeries, hypermarkets/supermarkets, speciality stores, and internet retailers based on the distribution route. Because they offer a greater selection of biscuit brands to their customers, hypermarkets and supermarkets hold the biggest market share.

The market's geographical scope includes South America, Asia Pacific, Europe, North America, and the Middle East and Africa.

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
https://www.fortunebusinessinsights.com/enquiry/customization/biscuits-market-108482

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:
The market analysis highlights key aspects such as leading product categories, major companies, distribution channels, and consumer preferences. It offers insights into significant developments and current consumer trends within the field. Additionally, the report addresses various other factors contributing to the recent growth of the market beyond those already mentioned.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬:
𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐂𝐨𝐧𝐯𝐞𝐧𝐢𝐞𝐧𝐭 𝐅𝐨𝐨𝐝 𝐃𝐞𝐦𝐚𝐧𝐝 𝐚𝐧𝐝 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧𝐬 𝐭𝐨 𝐃𝐫𝐢𝐯𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡
The rising demand for healthier snacks, driven by a growing number of busy working adults, has significantly boosted the demand for convenience foods. Consequently, biscuit producers are concentrating on offering products with unique tastes and textures to drive market growth.

However, the biscuit market may face challenges due to the availability of alternative snack options and the high cost of raw ingredients, which could potentially impede its expansion.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐋𝐞𝐚𝐝𝐬 𝐁𝐞𝐜𝐚𝐮𝐬𝐞 𝐨𝐟 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐌𝐢𝐝𝐝𝐥𝐞-𝐂𝐥𝐚𝐬𝐬 𝐏𝐨𝐩𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐊𝐧𝐨𝐰𝐥𝐞𝐝𝐠𝐞 𝐨𝐟 𝐇𝐞𝐚𝐥𝐭𝐡𝐟𝐮𝐥 𝐒𝐧𝐚𝐜𝐤𝐢𝐧𝐠
Asia Pacific is expected to lead the biscuit market due to the region's expanding middle class and increasing demand for tea-time snacks like cookies.
Additionally, growing consumer awareness of healthier snack options is likely to support market growth in this region.

In Europe, a significant rise in biscuit consumption is anticipated, driven by their popularity as a breakfast item. The COVID-19 pandemic has accelerated market growth, and the increasing demand for snacks with extended shelf lives is expected to further boost the region's market.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/biscuits-market-108482

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:
𝐌𝐚𝐫𝐤𝐞𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬' 𝐩𝐫𝐢𝐦𝐚𝐫𝐲 𝐟𝐨𝐜𝐮𝐬 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐨𝐧 𝐩𝐫𝐨𝐝𝐮𝐜𝐭 𝐢𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐨𝐫𝐝𝐞𝐫 𝐭𝐨 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐭𝐡𝐞𝐢𝐫 𝐝𝐨𝐦𝐢𝐧𝐚𝐧𝐜𝐞.
Many leading market players are employing innovative growth strategies, such as forming partnerships and developing new products, to broaden their customer base. To meet rising consumer demand, businesses are concentrating on creating more flavorful and healthier snacks. Additionally, they are ramping up investments in research and development (R&D) to craft snacks with unique flavors and attributes, aiming to attract and satisfy a diverse range of customers.

𝐍𝐨𝐭𝐚𝐛𝐥𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:
𝐅𝐞𝐛𝐫𝐮𝐚𝐫𝐲 𝟐𝟎𝟐𝟑: Ferrero has introduced two new products to the US market under its Nutella brand: Nutella B-Ready, starting at USD 1.89, and Nutella Biscuits, priced at USD 4.79. Both products are filled with Nutella's signature hazelnut spread. These snacks are available for purchase in physical stores across the country and online through platforms such as Amazon.

𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐍𝐞𝐰𝐬:
Microalgae Market: https://www.fortunebusinessinsights.com/microalgae-market-110314
Muffins market: https://www.fortunebusinessinsights.com/muffins-market-103834
Nutraceutical Ingredients Market: https://www.fortunebusinessinsights.com/nutraceutical-ingredients-market-102282

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This release was published on openPR.