Biscuits Market Estimated to Reach US$109,959.9 mn by the end of 2025

Global Biscuits Market: Overview

Expanding demand for healthy snacks and Increase in per capita food consumption in developing countries are the primary drivers leading the global biscuits market during the forecast period. The market is also expected to continue being augmented by rising demand for convenience food, innovation in packaging, and expanding young population. One such growth in biscuits market is increasing per capita consumption of biscuits globally.

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The global biscuits market is, however, currently restrained by the shortage of food ingredients and labor along with increase in tax rate. Increasing competition among key players is the main challenge for biscuit manufacturers which will lead to decrease in the profit margin. As competition intensifies in the sector with price wars among leading players, industry players are expected to improve the efficiency of their value chain, from inbound logistics to distribution and, to a large extent, marketing and export of products. Revenue generated from biscuits market is estimated to be valued at roughly US$76,384.9 mn by the end of 2017 and is expected to increase at a CAGR of 4.7% over the forecast period. Global biscuits market are expected to be valued at approximately US$109,959.9 mn by the end of 2025.

Sweet Biscuits to Lead the Pack as they Remain Global Favorites

By product type, the biscuits market is segmented into sweet biscuits, savory, crackers, filled/coated, wafers, and others. The sweet biscuits segment is likely to be the most attractive segment in the forecast period on the backdrop of the rising consumer preference towards healthy biscuits. On the basis of source type, the biscuits market can be segmented into wheat, oats, millets, and others. The wheat segment is estimated to account for a significant revenue share of 48.4% in 2017 and is expected to register significant growth rate during the forecast period.

Furthermore, on the basis of packaging type, the biscuits market is segmented into pouches/packets, jars, boxes, peelpaq, and others. Amongst these segments, the pouches/packets is anticipated to occupy the largest market share of 40.4% in 2017. Based on distribution channel, the biscuits market can be segmented into supermarket/hypermarket, convenience store, specialty store, online retail, and others. The online retail segment is expected to register high growth rate during the forecast period. By flavor type, the biscuits market is segmented into plain biscuits; chocolate, sour cream, cheese and spiced; fruits & nuts; and others. The plain biscuits segment is likely to be the most attractive segment in the forecast period.

Asia Pacific and Europe to be Key Consumers of Biscuits

On the basis of region, the market in Asia Pacific (APAC) and Europe is expected to dominate over the forecast period followed by North America. A large number of consumer base has been developed in APAC for the bakery products such as biscuits as an alternative for breads, and confectioneries. Asia is expected to become a prominent player by the end of the forecast period with a significant CAGR attributed to increase in the per capita consumption of biscuits in the region.

Some of the major companies operating in the global biscuits market are Britannia Industries Limited, Lotus Bakeries NV, Mondelez International, Inc., ITC Limited, Campbell Soup Company, Nestle SA, Kraft Foods Group, Inc., The Kellogg Company, National Biscuit Industries LTD SAOG, Dali Food Group Co, Ltd., Brutons Biscuit Company, The Hershey Company, United Biscuits Company (Y?ld?z Holding Group), Kambly SA, Walkers Shortbread Ltd., Ulker Biskuvi Sanayi A.S., Parle Products Private Limited, Dr Gerard sp. z o.o., HUG AG, and Cornu AG.

Biscuits Market: Demand for Healthy Biscuits Seen as Key Emerging Trend

Transparency Market Research states that the competition in the global biscuits market is highly fragmented due to a significant number of international and local players. Some of the leading players making their mark in the biscuits market are The Kellogg Company, ITC Limited, Nestle SA, Kraft Foods Group, Inc., and Campbell Soup Company. Tough to cutthroat competition, several players are emphasizing on commercializing unique flavors wrapped in unique packaging. Furthermore, the biscuit manufacturers are also trying to tap into the new and emerging wave of health foods by using healthy raw materials to manufacture tasty biscuits.

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According to the research report, the global biscuits market is estimated to reach a valuation of US$76,384.9 mn by the end of 2017 and US$109,959.9 mn by the end of 2025. During the forecast years of 2017 and 2025, the global market is expected to register a CAGR of 4.7%. Of all the products, the sweet biscuits are expected to lead the global market due to growing number of consumers for the same. This product segment is slated to exhibit a CAGR of 4.7% over the forecast period. Geographically, Asia Pacific is projected to show a higher expansion rate than the others due to an ever-growing consumer base. This regional market is expected to rise at a CAGR of 4.9% between 2017 and 2025.

Convenience of Consuming Biscuits as Qucik Meals Continues to be Market’s Key Driver

Biscuits are one of the most important snacks used in an average household. They are a variety of breads popular for breakfast and other meals. A lot of different type of biscuits are being manufactured by the various large scale companies with plants, where they are packaged and supplied within a short time span. However, even to this day a large scale production some special type of biscuits are produced by small scale bakers. The biscuits are made from various combination of raw materials such as flours, shortening, leavening, and water or milk. The type of biscuits included in the report are sweet biscuits, savory, crackers, filled/coated, wafers, and others.

Increasing consumer demand for natural and GMO free products is increasing the biscuits market. Due to rising health awareness and food safety concerns more and more consumers are shifting towards natural foods. Furthermore, increasing convenience in foods i.e. due to consumer’s busy lifestyle new methods of purchasing products are gaining popularity such as virtual supermarket and mobile phone shopping. Consumer can purchase groceries directly from their cell phones at any place during the day. Increasing mordent retail formats like supermarket/hypermarkets in developing countries is rising the biscuits market. Increasing online retailing is also the major driver for biscuit manufacturer to enhance customer base. Moreover, increasing consumer demand for diverse variety of biscuits including superior taste, nutritious, and concern for safety of food is driving the biscuits market. Also, people in developing countries prefer nutritious biscuits with tea in breakfast.

Growing Labor Costs becomes a Tough Challenge for Global Biscuits Market

Some of the restraints that are potentially restricting the growth of the biscuits market are shortage of skilled staff and high manpower cost are some of the key roadblocks that have plagued the industry’s development over the years. Increase in labor cost is a major barrier for biscuit manufacturer. Furthermore, another prospective restraint of biscuits market is growing old age population is a challenge for biscuit manufacturer due to growing birth rate and low death rate, manufacturers has to provide food to all ages. This has created challenge for manufacturers to produce product according to older generation.

Biscuits Market to Witness a Continuous Expansion, Due to the Change Towards Healthy Eating Habits

Global Biscuits Market: Overview

The market for biscuits is very promising and is expected to witness a continuous growth. Product innovation is continuously changing the dynamics of the market worldwide. New flavors, shapes, taste, and attractive packaging are causing consumers of all age groups to buy biscuits. Players in the global biscuits market are making effective strategies on how to sell biscuits, and in contemplating the kind of packing that will prove to be effective, along with the price strategy. As consumers are increasingly concerned about ingredients and health benefits, manufacturers are maintaining transparency in labeling. The emphasis on low sugar and low calorie content is driving manufacturers in the biscuits market to develop nutritious biscuits with low sugar content.

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The report on the global biscuits market is an analysis of the changing competitive dynamics. The study offers an unbiased perspective on the growth of industry, by taking into factor different driving and restraining factors. It also takes into consideration the current trends and future opportunities, which are likely to have an impact on the global biscuits market. The report segments the global biscuits market on the basis of key criteria and studies it in an in-depth manner. The competitive landscape has also been discussed in detail. The market share held by the top players and the degree of competition has been analyzed. The buyer and supplier bargaining power and the entry barriers faced by new entrants have also been analyzed.

Global Biscuits Market: Trends and Opportunities

The global biscuits market is driven by rising urbanization, increasing disposable income, demand for convenience foods, and busy lifestyles. The proliferation of supermarkets and hypermarkets has led to an increased visibility of the wide range of biscuits available in the market. In addition to this, promotional strategies employed by marketing team such as television ads are also aiding the growth of the market. Companies are increasingly experimenting with new flavors, new ingredients, and trying out new combinations, to fuel the interest of consumers.

Digestive biscuits have become a rage at present and this trend is expected to last for the coming years as consumers are becoming health conscious. The inclination towards high fiber food products will drive manufacturers to include fibrous and other nutritious ingredients in their products. As consumers are showing interest in premium products, manufacturers are introducing organic products, eliminating artificial flavors and preservatives, high fructose corn syrups (HFCS) and other such unhealthy ingredients. Manufacturers are also introducing variety and convenience in terms of servings and sizes. On the other hand, increased competition, high cost of raw materials, and increasing taxes are expected to be factors restraining the global biscuits market.

Global Biscuits Market: Region-wise Outlook

The report segments the global oil and gas automation market on the basis of geography, into North America, Europe, Asia Pacific, and the Rest of the World. Of these, Europe and North America are leading in the biscuits market. In addition to this, it is estimated that Asia Pacific will emerge as the fastest growing market in the coming years.

Key Players Mentioned in the Report

The report profiles key players operating in the global biscuits market. The business and financial overview of each of the companies and their recent developments have been discussed in the report. Key players studied in the report are: Parle Products Pvt. Ltd. Nestlé UK Ltd. Kellogg Company, Britannia Industries Ltd., Burton's Foods Ltd., Lotus Bakeries NV, ITC, Cadbury, United Biscuits, Walkers Shortbread Ltd etc.