Cookies Market

Cookies Market Size:

The global cookies market size reached US$ 38.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 57.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.36% during 2024-2032. The market is propelled by the rising consumer demand for convenient and on-the-go snacks, increasing preference for healthier cookie options with organic ingredients, rising popularity of premium products, innovative product launches, and growth in gifting culture and festive seasons.

Cookies Market Analysis:

• Major Market Drivers: Rising demand for convenient and on-the-go snacking options, increasing preference for healthier cookie options, and increasing popularity of premium snacks are some of the major market drivers.
• Key Market Trends: Key market trends include new product launches, rapid expansion of the e-commerce and online retail platforms, and rising disposable income levels globally.
• Geographical Trends: The robust retail infrastructure and various promotional and marketing efforts made by major brands are driving the North America cookies market demand.
• Competitive Landscape: Ben's Cookies, Britannia Industries Limited (Wadia Group), General Mills Inc., Great American Cookies, Grupo Bimbo S.A.B. de C.V., Lotus Bakeries, Mondelez International Inc., Nairns Oatcakes Ltd., Pacific Cookie Company, Parle Products, UNIBIC Foods India Pvt. Ltd. and Voortman Cookies, are among some of the key players in the cookies industry. 
• Challenges and Opportunities: Some of the challenges include increasing raw material costs, robust competition among brands, and stringent regulatory and labeling requirements. Whereas, rising demand for healthy and organic cookies, expansion into untapped markets, and increasing popularity of online retail channels are creating business opportunities in cookies market.
   

Cookies Market Trends:

Rapidly Increasing Consumer Demand for Convenient and On-the-Go Snacks

The modern lifestyle is characterized by busy schedules and a constant demand for convenience, leading to a significant increase in the consumption of ready-to-eat snacks such as cookies. According to a report published by GITNUX, the global snack food industry reached $427 Billion in 2020. Consumers are increasingly seeking quick and easy snack options that can be consumed on the go, making cookies a popular choice. This trend is particularly prominent among working professionals, students, and busy parents who require easy-to-carry and easy-to-consume food items. The convenience factor is further amplified by the variety of packaging options available, from single-serve packs to larger family-sized packages, catering to different consumer needs. The portability and long shelf life of cookies make them an ideal snack for travel, work, and school.

Rising Preference for Healthier Cookie Options

Consumers are becoming increasingly health-conscious and are seeking healthier alternatives in their diet, including cookies. As per a report by FOOD INSIGHT, 52% Americans stated that they followed a healthy diet or eating pattern. This shift in consumer preference has driven manufacturers to innovate and develop cookies made with healthier ingredients such as whole grains, oats, nuts, seeds, and reduced sugar content. The demand for gluten-free, vegan, and organic cookies has also increased, catering to specific dietary needs and preferences. Healthier cookie options are often marketed as better-for-you snacks, emphasizing their nutritional benefits such as high fiber content, protein, and essential vitamins and minerals. These cookies appeal to health-conscious consumers and also to parents looking for healthier snack options for their children.

Novel Product Launches and Flavor Varieties

The cookies market is highly competitive, and continuous innovation in product offerings is crucial for brands to capture consumer interest and market share. Manufacturers are constantly introducing new flavors, textures, and formats to keep up with evolving consumer tastes and preferences. From traditional chocolate chip and oatmeal raisin to exotic flavors such as matcha, chai, and lavender, the variety of cookie options available today is vast. Additionally, limited edition and seasonal flavors play a significant role in driving sales, as they create a sense of urgency and excitement among consumers. The trend of flavor fusion, combining sweet and savory or integrating popular dessert flavors into cookies, is also gaining traction.

Cookies Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on ingredient, product, packaging, and sales channel.

Breakup by Ingredient:

• Chocolate
• Chocolate Chip
• Oatmeal
• Butter
• Cream
• Ginger
• Coconut
• Honey
• Others
   

The cookies market research report has provided a detailed breakup and analysis of the market based on the ingredient. This includes chocolate, chocolate chip, oatmeal, butter, cream, ginger, coconut, honey, and others.

Chocolate cookies are a staple in the cookies market, loved for their rich, indulgent flavor. These cookies often use cocoa powder or melted chocolate in the dough, resulting in a dense, fudgy texture that appeals to chocolate lovers. Chocolate cookies are versatile and can be found in various forms, including soft-baked, crispy, and sandwich cookies, thereby creating a positive cookies market outlook. The use of high-quality chocolate and innovative ingredients such as dark chocolate, white chocolate, and cocoa nibs has broadened their appeal, attracting both traditionalists and those seeking gourmet experiences.

Chocolate chip cookies are arguably the most iconic and popular type of cookie worldwide. Invented in the 1930s, their timeless combination of buttery dough and chunks of chocolate chips has made them a favorite among consumers of all ages. The versatility of chocolate chip cookies allows for various modifications, including adding nuts, using different types of chocolate (dark, milk, or white), and even incorporating healthful ingredients such as oats or whole grains.

Oatmeal cookies are known for their wholesome, hearty texture and flavor. Made primarily with rolled oats, these cookies are often perceived as a healthier alternative to more indulgent cookies, offering higher fiber content and nutritional benefits. Oatmeal cookies are frequently enhanced with add-ins such as raisins, nuts, and chocolate chips, providing variety and catering to different taste preferences.

Butter cookies are cherished for their rich, buttery taste and melt-in-the-mouth texture. Originating from Danish baking traditions, these cookies are simple yet decadent, typically made with high-quality butter, flour, and sugar. Butter cookies are often enjoyed plain, but they can also be flavored with vanilla, almond, or citrus zest. Their luxurious taste and texture make them a popular choice for gift-giving and special occasions, thus leading to a significant cookies market growth.

Cream cookies, often known as sandwich cookies, feature a sweet cream filling between two cookie layers. These cookies are beloved for their combination of crunchy texture and creamy filling. Popular variants include chocolate cream cookies, vanilla cream cookies, and more innovative flavors such as matcha or strawberry. The iconic Oreo cookie is a leading instance in this category, driving significant market share and consumer loyalty.

Ginger cookies, often associated with the holiday season, are known for their warm, spicy flavor derived from ginger and other spices such as cinnamon, cloves, and nutmeg. These cookies can be soft and chewy or crisp and snap-like, appealing to a wide range of taste preferences. Ginger cookies are also appreciated for their potential health benefits, as ginger is known for its anti-inflammatory and digestive properties.

Coconut cookies, made with shredded coconut, coconut flour, or coconut oil, offer a tropical twist to traditional cookie flavors. These cookies are often enjoyed for their chewy texture and the unique, slightly sweet, and nutty flavor of coconut. According to cookies industry statistics, coconut cookies cater to health-conscious consumers as they are often gluten-free and can be made with alternative sweeteners.

Honey cookies are valued for their natural sweetness and rich, golden flavor. Using honey as a primary sweetener, these cookies appeal to consumers looking for natural and less processed ingredients. Honey cookies can be flavored with additional ingredients such as spices, nuts, or dried fruits to enhance their appeal. The use of honey also imparts a moist texture, making these cookies particularly enjoyable.

Breakup by Product:

• Drop Cookies
• Bar Cookies
• Molded Cookies
• No-bake Cookies
• Ice Box Cookies
• Rolled Cookies
• Sandwich Cookies
• Others
   

Bar cookies hold the largest share in the industry

A detailed breakup and analysis of the market based on product have also been provided in the report. This includes drop cookies, bar cookies, molded cookies, no-bake cookies, ice box cookies, rolled cookies, sandwich cookies, and others. According to the report, bar cookies accounted for the largest cookies market share.

Bar cookies are highly versatile and can be easily customized with a variety of ingredients such as chocolate, nuts, fruits, and cereals, catering to diverse taste preferences. This versatility allows manufacturers to continuously innovate and introduce new flavors and combinations, keeping the product line fresh and appealing. Additionally, bar cookies are often perceived as a more substantial snack compared to traditional cookies. Their dense and sometimes layered structure provides a satisfying and filling option, which appeals to consumers looking for more than just a quick treat. This makes bar cookies suitable for various occasions, from a convenient snack to a dessert option, leading to a robust market growth.

Breakup by Packaging:

• Rigid
• Flexible
• Others
   

Rigid represent the leading market segment 

The cookies market research report has provided a detailed breakup and analysis of the market based on the packaging. This includes rigid, flexible, and others. According to the report, rigid represented the largest segment.

Rigid packaging is the largest segment in the cookies market due to its superior ability to protect products, enhance shelf life, and provide convenience to consumers. This type of packaging includes materials such as plastic containers, metal tins, and glass jars, which are highly durable and offer robust protection against external factors such as moisture, air, and physical damage. These protective qualities are essential for maintaining the freshness and integrity of cookies, which can be easily affected by environmental conditions. Rigid packaging also supports effective branding and marketing strategies. The sturdy nature of rigid containers allows for high-quality printing and labeling, making it easier for brands to showcase their logos, product information, and appealing designs. This enhances the visibility of the product on retail shelves and attracts consumers' attention, driving sales.

Breakup by Sales Channel:

• Online Channels
• Offline Channels
   

Offline channels hold the largest share in the industry

A detailed breakup and analysis of the market based on sales channel have also been provided in the report. This includes online channels and offline channels. According to the report, offline channels accounted for the largest market share.

The offline sales channel remains the largest segment in the cookies market due to several key factors. The tangible shopping experience offered by brick-and-mortar stores significantly influences consumer purchasing decisions. Many consumers prefer to physically examine and select products, enjoying the sensory experience of seeing, touching, and sometimes sampling cookies before buying. This sensory engagement can drive impulse purchases, which are less likely in an online setting. Additionally, traditional grocery stores, supermarkets, and hypermarkets have extensive reach and accessibility, providing consumers with convenient locations to purchase their favorite cookie brands. The widespread presence of these stores ensures that cookies are readily available to a broad audience, including those who may not have easy access to online shopping platforms or prefer not to use them.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

North America leads the market, accounting for the largest cookies market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.

North America leads the industry due to a high disposable income level, allowing consumers to spend more on premium and convenience food products, including cookies. The presence of a robust and diverse retail infrastructure, including supermarkets, hypermarkets, convenience stores, and online platforms, ensures widespread availability and easy access to a variety of cookie products. Additionally, the cultural preference for convenient and ready-to-eat snacks is deeply ingrained in North American society. Busy lifestyles, with a significant portion of the population being working professionals or students, create a strong demand for portable and quick snack options. Cookies, with their long shelf life and ease of consumption, fit perfectly into this niche.

Competitive Landscape:

• The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the cookies industry include Ben's Cookies, Britannia Industries Limited (Wadia Group), General Mills Inc., Great American Cookies, Grupo Bimbo S.A.B. de C.V., Lotus Bakeries, Mondelez International Inc., Nairns Oatcakes Ltd., Pacific Cookie Company, Parle Products, UNIBIC Foods India Pvt. Ltd. and Voortman Cookies.
  
  (Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
   
• Top cookies companies such as Mondelez International, Nestle, and Kellogg's are continuously innovating their product offerings to meet evolving consumer preferences. This includes introducing new flavors, healthier ingredients, and functional benefits. For instance, Mondelez has expanded its Oreo line to include gluten-free and reduced-sugar options, catering to health-conscious consumers. Similarly, Nestle has launched organic and vegan cookie varieties under its Toll House brand, addressing the demand for natural and plant-based products. Other than this, aggressive marketing campaigns are crucial in driving brand awareness and consumer engagement. Companies invest heavily in digital and social media marketing to reach a broader audience.

Latest News: 

• June 17, 2024: MONDELEZ and LOTUS BAKERIES announced their partnership to manufacture chocolate products combining the taste and texture of the renowned cookie with CADBURY, MILKA, and numerous other chocolate brands across Europe.
• June 24, 2024: JUSTINES COOKIES launched a new keto peanut butter choc chip mini protein cookie pouch into Costco NEW ZEALAND.

Cookies Market Report Scope:

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the cookies market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global cookies market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the cookies industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.