Sweet Biscuit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Sweet Biscuit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A6405
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Market Overview:

The global sweet biscuit market size reached US$ 87.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 113.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.43% during 2023-2028.

Sweet biscuits are flour-based baked products manufactured using sugar or salt, butter or vegetable shortening, and baking powder. Cookies, filled, chocolate-coated, plain, and sandwiches are some commonly available sweet biscuits that can be coated with a layer of custard, jam, creme, or chocolate filling. These items are rich in fibers, carbohydrates, vitamins, minerals, and fats that are essential to human health. They are widely available in various shapes, flavors, toppings, fillings, and colors. Sweet biscuits are cost-effective, easy-to-find, and easy-to-eat food with a long shelf life, making them ideal for snacking.

Sweet Biscuit Market Trends:

The increasing demand for ready-to-eat (RTE) food products among the masses due to hectic lifestyles and busy schedules is driving the market growth. Additionally, the shifting consumer preferences toward healthy snacking options due to the rising lifestyle-related disorders, such as obesity, and the increasing awareness about personal well-being is favoring the market growth. In line with this, manufacturers are actively indulging in the production of healthy biscuits in different flavors to enhance the product taste, which, in turn, is propelling the market growth. Apart from this, the introduction of low-fat, low-carb, organic, and high-fiber biscuits manufactured using organic and natural ingredients is providing an impetus to the market growth. Moreover, the launch of gluten-free sweet biscuits that help alleviate intestinal and dietary issues and are widely consumed by lactose intolerant and celiac patients is acting as another growth-inducing factor. Furthermore, key players are focusing on manufacturing oat-based, nut-based, and high-fiber biscuits in attractive packaging to expand their customer base and gain a competitive edge, which is augmenting the market growth. Other factors, including rising expenditure capacities of consumers, rapid urbanization, and easy product availability across e-commerce platforms, are anticipated to drive the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global sweet biscuit market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, source and distribution channel.

Breakup by Product Type:

  • Chocolate-coated Biscuits
  • Cookies
  • Filled Biscuits
  • Plain Biscuits
  • Sandwich Biscuits
  • Others
     

Breakup by Source:

  • Wheat
  • Oats
  • Millets
  • Others
     

Breakup by Distribution Channel:

  • Supermarkets/Hypermarkets
  • Specialist Retailers
  • Convenience Stores
  • Online Stores
  • Others
     

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
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Bahlsen GmbH & Co. KG, Britannia Industries Limited, Burton’s Biscuit Company (Ferrero SpA), ITC Limited, Kelloggs Company, Mondelez International Inc., Nestlé S.A., Parle Products Private Limited, The Campbell Soup Company and Yildiz Holding AS.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Product Type, Source, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Bahlsen GmbH & Co. KG, Britannia Industries Limited, Burton’s Biscuit Company (Ferrero SpA), ITC Limited, Kelloggs Company, Mondelez International Inc., Nestlé S.A., Parle Products Private Limited, The Campbell Soup Company and Yildiz Holding AS.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global sweet biscuit market was valued at US$ 87.2 Billion in 2022.

We expect the global sweet biscuit market to exhibit a CAGR of 4.43% during 2023-2028.

The growing demand for healthy snacking options, along with the introduction of product variants that are commonly available in various shapes, flavors, toppings, fillings, colors, etc., is primarily driving the global sweet biscuit market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of sweet biscuits.

Based on the product type, the global sweet biscuit market can be segmented into chocolate-coated biscuits, cookies, filled biscuits, plain biscuits, sandwich biscuits, and others. Currently, plain biscuits hold the majority of the total market share.

Based on the source, the global sweet biscuit market has been divided into wheat, oats, millets, and others. Among these, wheat currently exhibits a clear dominance in the market.

Based on the distribution channel, the global sweet biscuit market can be categorized into supermarkets/hypermarkets, specialist retailers, convenience stores, online stores, and others. Currently, convenience stores account for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global sweet biscuit market include Bahlsen GmbH & Co. KG, Britannia Industries Limited, Burton’s Biscuit Company (Ferrero SpA), ITC Limited, Kelloggs Company, Mondelez International Inc., Nestlé S.A., Parle Products Private Limited, The Campbell Soup Company, and Yildiz Holding AS.

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Sweet Biscuit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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