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The Biscuits Market grew from USD 93.58 billion in 2023 to USD 97.73 billion in 2024. It is expected to continue growing at a CAGR of 4.56%, reaching USD 127.89 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
The scope and definition of the biscuit market involve analyzing products such as cookies, crackers, and wafers sold globally. This encompasses varieties based on ingredients, flavors, and target demographics. Necessity stems from biscuits being a convenient snack, often consumed for their energy-boosting properties, availability, and diverse range that caters to health-conscious consumers. Application spans across different market segments including retail, catering, and online sales, while end-use involves consumers in domestic, commercial, and hospitality environments. Key factors influencing market growth include increasing urbanization, evolving consumer preferences for healthy and premium snacks, and the rise of e-commerce platforms. Latest potential opportunities lie in tapping into the organic and gluten-free sectors, innovating in flavors to meet regional and local preferences, and expanding into emerging markets with rising disposable incomes. Additionally, embracing sustainable and eco-friendly packaging could attract environmentally conscious buyers. However, the market faces certain challenges such as fluctuating raw material prices, stringent regulations on food safety, and intense competition with numerous established brands. Innovation is crucial; areas such as developing functional biscuits with health benefits or leveraging technology for improving supply chain efficiency hold promise for business growth. Understanding consumer data and harnessing AI analytics can provide deep insights into purchasing behaviors and preferences, aiding in strategic decision-making. While the market overall presents robust growth potential, staying ahead requires continuous investment in research to meet changing demands and maintaining a competitive edge. The nature of the biscuit market is dynamic, with innovations primarily driven by the need to balance indulgence with health trends, emphasizing the necessity for agility in product development and marketing strategies.
Understanding Market Dynamics in the Biscuits Market
The Biscuits Market is rapidly evolving, shaped by dynamic supply and demand trends. These insights provide companies with actionable intelligence to drive investments, develop strategies, and seize emerging opportunities. A comprehensive understanding of market dynamics also helps organizations mitigate political, geographical, technical, social, and economic risks while offering a clearer view of consumer behavior and its effects on manufacturing costs and purchasing decisions.- Market Drivers
- Rising consumer preference for convenient snacking options
- Emerging popularity of gluten-free and vegan biscuits
- Wide availability of biscuit products through online channels
- Market Restraints
- Adverse incidents of biscuit product recalls
- Market Opportunities
- Advancements in biscuit production and flavors
- Improvements in biscuit packaging and marketing activities
- Market Challenges
- Complexity in biscuit manufacturing and quality maintenance
Exploring Porter’s Five Forces for the Biscuits Market
Porter’s Five Forces framework further strengthens the insights of the Biscuits Market, delivering a clear and effective methodology for understanding the competitive landscape. This tool enables companies to evaluate their current competitive standing and explore strategic repositioning by assessing businesses’ power dynamics and market positioning. It is also instrumental in determining the profitability of new ventures, helping companies leverage their strengths, address weaknesses, and avoid potential pitfalls.Applying PESTLE Analysis to the Biscuits Market
External macro-environmental factors deeply influence the performance of the Biscuits Market, and the PESTLE analysis provides a comprehensive framework for understanding these influences. By examining Political, Economic, Social, Technological, Legal, and Environmental elements, this analysis offers organizations critical insights into potential opportunities and risks. It also helps businesses anticipate changes in regulations, consumer behavior, and economic trends, enabling them to make informed, forward-looking decisions.Analyzing Market Share in the Biscuits Market
The Biscuits Market share analysis evaluates vendor performance. This analysis provides a clear view of each vendor’s standing in the competitive landscape by comparing key metrics such as revenue, customer base, and other critical factors. Additionally, it highlights market concentration, fragmentation, and trends in consolidation, empowering vendors to make strategic decisions that enhance their market position.Evaluating Vendor Success with the FPNV Positioning Matrix in the Biscuits Market
The Biscuits Market FPNV Positioning Matrix is crucial in evaluating vendors based on business strategy and product satisfaction levels. By segmenting vendors into four quadrants - Forefront (F), Pathfinder (P), Niche (N), and Vital (V) - this matrix helps users make well-informed decisions that best align with their unique needs and objectives in the market.Strategic Recommendations for Success in the Biscuits Market
The Biscuits Market strategic analysis is essential for organizations aiming to strengthen their position in the global market. A comprehensive review of resources, capabilities, and performance helps businesses identify opportunities for improvement and growth. This approach empowers companies to navigate challenges in the increasingly competitive landscape, ensuring they capitalize on new opportunities and align with long-term success.Key Company Profiles
The report delves into recent significant developments in the Biscuits Market, highlighting leading vendors and their innovative profiles. These include Arnott's Biscuits Holdings Pty Limited, Barilla G. e R. Fratelli S.p.A, Britannia Industries Limited, Burton's Biscuit Company, Crown Confectionery Co., Ltd., Ezaki Glico Co., Ltd., Ferrero SpA, General Mills, Inc., Grupo Bimbo, S.A.B. de C.V., Kambly SA, Kellogg Company, Kraft Heinz Company, Lotte Corporation, Lotus Bakeries NV, Mondelēz International, Inc., Nestlé SA, Orion Corporation, Parle Products Pvt. Ltd., PepsiCo, Inc., Sanitarium Health and Wellbeing Company, Unibic Foods India Pvt. Ltd., Unilever PLC, United Biscuits UK PLC, Walkers Shortbread Ltd., and Yıldız Holding.Market Segmentation & Coverage
This research report categorizes the Biscuits Market to forecast the revenues and analyze trends in each of the following sub-markets:- Product
- Dietary Biscuits
- Gluten-Free Biscuits
- Low-Sugar/No-Sugar Biscuits
- Organic Biscuits
- Functional Biscuits
- Savory Biscuits
- Sweet Biscuits
- Dietary Biscuits
- Source
- Millets
- Oats
- Wheat
- Packaging
- Cardboard Boxes
- Containers
- Jars
- Pouches/Packets
- Distribution Channel
- Convenience Store
- Online Retail
- Specialty Store
- Supermarket/Hypermarket
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report provides a detailed overview of the market, exploring several key areas:
- Market Penetration: A thorough examination of the current market landscape, featuring comprehensive data from leading industry players and analyzing their reach and influence across the market.
- Market Development: The report identifies significant growth opportunities in emerging markets and assesses expansion potential within established segments, providing a roadmap for future development.
- Market Diversification: In-depth coverage of recent product launches, untapped geographic regions, significant industry developments, and strategic investments reshaping the market landscape.
- Competitive Assessment & Intelligence: A detailed analysis of the competitive landscape, covering market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, technological advancements, and innovations in manufacturing by key market players.
- Product Development & Innovation: Insight into groundbreaking technologies, R&D efforts, and product innovations that will drive the market in future.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current size of the market, and how is it expected to grow?
- Which products, segments, and regions present the most attractive investment opportunities?
- What are the prevailing technology trends and regulatory factors influencing the market?
- How do top vendors rank regarding market share and competitive positioning?
- What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?
Please note: For this report, the purchase of an Enterprise license allows up to ten worldwide users of an organization access to the report
Please note: For this report, the purchase of an Enterprise license allows up to ten worldwide users of an organization access to the report
Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Biscuits Market, by Product
7. Biscuits Market, by Source
8. Biscuits Market, by Packaging
9. Biscuits Market, by Distribution Channel
10. Americas Biscuits Market
11. Asia-Pacific Biscuits Market
12. Europe, Middle East & Africa Biscuits Market
13. Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
The leading players in the Biscuits Market, which are profiled in this report, include:- Arnott's Biscuits Holdings Pty Limited
- Barilla G. e R. Fratelli S.p.A
- Britannia Industries Limited
- Burton's Biscuit Company
- Crown Confectionery Co., Ltd.
- Ezaki Glico Co., Ltd.
- Ferrero SpA
- General Mills, Inc.
- Grupo Bimbo, S.A.B. de C.V.
- Kambly SA
- Kellogg Company
- Kraft Heinz Company
- Lotte Corporation
- Lotus Bakeries NV
- Mondelēz International, Inc.
- Nestlé SA
- Orion Corporation
- Parle Products Pvt. Ltd.
- PepsiCo, Inc.
- Sanitarium Health and Wellbeing Company
- Unibic Foods India Pvt. Ltd.
- Unilever PLC
- United Biscuits UK PLC
- Walkers Shortbread Ltd.
- Yıldız Holding
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 195 |
Published | October 2024 |
Forecast Period | 2024 - 2030 |
Estimated Market Value ( USD | $ 97.73 Billion |
Forecasted Market Value ( USD | $ 127.89 Billion |
Compound Annual Growth Rate | 4.5% |
Regions Covered | Global |
No. of Companies Mentioned | 26 |