Global Biscuits Market accounted for US$ 116.71 billion in 2020 and is estimated to be US$ 168.88 billion by 2030 and is anticipated to register a CAGR of 3.8%. Biscuits are a type of fast bread that comes in a variety of shapes and sizes around the world. Flour, milk, and water are mixed together to make them. In most cases, the prepared dough is rolled out, cut into little rounds, baked, and served hot. The preferences for different varieties of biscuits are typically determined by food tastes and ingredients in different parts of the country. Biscuits are typically firm, flat, and unleavened in most nations. Sugar, chocolate, frosting, jam, ginger, or cinnamon are commonly used to make them sweet.
The report " Global Biscuit Market, By Source (Wheat, Oats, Multi-grain, and Others), By Packaging (Pouches/Packets, Boxes, Cans/Jars, and Others), By Distribution Channel (Store Based and Non-Store Based), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029’’
Key Highlights:
- In July 2021,FMCG company Britannia, one of the country's largest players in the biscuits sector, debuted '5050 Potazos,' a potato-based biscuit. According to the manufacturer, Britannia 5050 Potazos are thin, crispy, and give the familiar'masaledar' flavours of a potato chip in a biscuit format.
- In August 2021, Britannia recently launched a "ode to simpler times" campaign intended at commemorating the simple joys of the old days and transporting people back to childhood memories, which prompted a surge in demand for the classic pack to be brought back, and the firm listened.
Analyst View:
The demand for biscuits is increasing as a result of improved packaging, new flavours, shapes, and technologies. Also, biscuits are given first priority at all times because they are a convenient and bundled supply that may be readily transported. These are the primary elements that are propelling the global biscuits industry forward. The worldwide biscuits market is also growing due to rising demand for nutritious snacks and rising per capita consumption in developing countries. Natural and GMO-free products are in high demand, which presents a huge potential for market players.
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Key Market Insights from the report:
Global Biscuits Market accounted for US$ 116.71 billion in 2020 and is estimated to be US$ 168.88 billion by 2030 and is anticipated to register a CAGR of 3.8%. Global Biscuits market is segmented into source, packaging, distribution channel and region.
- Based on Source, the Global Biscuits Market is segmented into Wheat, Oats, Multi-grain, and Others.
- Based on Packaging, the Global Biscuits Market is segmented into Pouches/Packets, Boxes, Cans/Jars, and Others.
- Based on Distribution Channel, the Global Biscuits Market is segmented into Store Based and Non-Store Based.
- By Region, the Global Biscuits Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Global Biscuits Market:
The key players in the global Biscuits market includes Arnotts Biscuits Ltd., Britannia Biscuits Ltd., Birtons Biscuits Co., Danesita, Inc., Kellogs, Inc., Kraft foofs, Inc., McVITIES Pvt. Ltd., Mondelez International, Nestle Co., Parle Products Pvt. Ltd..
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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