Biscuits Market Size, Share, Industry Trends and Forecast to 2033
This market report provides an in-depth analysis of the biscuits market from 2023 to 2033, offering insights into market size, growth forecasts, regional trends, and key players. It also evaluates the industry landscape, segmentation, and future market trends.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $30.00 Billion |
| CAGR (2023-2033) | 5.2% |
| 2033 Market Size | $50.36 Billion |
| Top Companies | Mondelez International, PepsiCo, Nestlé SA, Britannia Industries |
| Last Modified Date | 15 November 2024 |
Biscuits Market Overview
What is the Market Size & CAGR of Biscuits market in 2023?
Biscuits Industry Analysis
Biscuits Market Segmentation and Scope
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Biscuits Market Analysis Report by Region
Europe Biscuits Market Report:
The European biscuits market is set to grow from $8.61 billion in 2023 to $14.45 billion by 2033, fueled by the demand for healthier snacks, innovation in flavors, and sustainable production practices.Asia Pacific Biscuits Market Report:
The Asia Pacific biscuits market is projected to grow from $5.87 billion in 2023 to approximately $9.85 billion by 2033, driven by an increase in snack consumption and urbanization. The region is experiencing a shift towards premium and healthier snack options as disposable incomes rise.North America Biscuits Market Report:
North America is anticipated to witness significant growth, with the market expected to escalate from $10.64 billion in 2023 to $17.85 billion by 2033. This is attributed to the increasing trend of healthy snacking and a robust retail environment, particularly e-commerce.South America Biscuits Market Report:
The market in South America is expected to progress from $1.64 billion in 2023 to $2.76 billion by 2033. Growing urban centers and changing lifestyles are major contributors to this growth, alongside the rising consumption of ready-to-eat snacks.Middle East & Africa Biscuits Market Report:
The Middle East and Africa biscuits market is projected to increase from $3.24 billion in 2023 to $5.44 billion by 2033. The growth is supported by rising urbanization, changing consumer lifestyles, and the introduction of local snacks.Request a custom research report for industry.
Biscuits Market Analysis By Product Type
Global Biscuits Market, By Product Type Market Analysis (2024 - 2033)
The sweet biscuits segment dominates the market, with a size of $19.83 billion in 2023, expected to grow to $33.29 billion by 2033. The savory biscuits segment, currently valued at $8.38 billion, is projected to reach $14.07 in the same period. This indicates a shifting preference towards both sweet and savory options among consumers.
Biscuits Market Analysis By Ingredient
Global Biscuits Market, By Ingredient Market Analysis (2024 - 2033)
Flour remains the primary ingredient for biscuits, accounting for a substantial market size of $19.83 billion in 2023, growing to $33.29 billion by 2033. Sweeteners constitute another significant segment, with a market of $8.38 billion projected to expand to $14.07 billion, reflecting the continued demand for indulgent snacks.
Biscuits Market Analysis By Packaging Type
Global Biscuits Market, By Packaging Type Market Analysis (2024 - 2033)
Bulk packaging holds a major share of the biscuits market at $25.93 billion in 2023, expected to rise to $43.53 billion by 2033. Retail packaging constitutes a smaller portion but is gradually growing due to increasing consumer preference for convenience and single-serving options.
Biscuits Market Analysis By Distribution Channel
Global Biscuits Market, By Distribution Channel Market Analysis (2024 - 2033)
Offline retail channels dominate the biscuits market, valued at $25.93 billion in 2023 and projected to reach $43.53 billion by 2033. However, online retail is gaining momentum, with a market size of $4.07 billion expected to grow to $6.83 billion, driven by changing shopping preferences and ease of access.
Biscuits Market Analysis By Consumer Type
Global Biscuits Market, By Consumer Type Market Analysis (2024 - 2033)
The biscuits market is substantially driven by children, with a projected size of $19.83 billion in 2023 rising to $33.29 billion by 2033. Adult consumption is also notable, valued at $8.38 billion, and expected to grow to $14.07 billion, indicating a growing trend among adults towards indulgent snacking.
Biscuits Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Biscuits Industry
Mondelez International:
A leading global snacks company known for its popular brands such as Oreo, Chips Ahoy!, and belVita, focusing on innovative flavors and health-conscious options.PepsiCo:
Globally recognized for its vast portfolio of snack foods, including the well-known Doritos and Lay’s brands, PepsiCo also engages in the biscuit sector with its Tropicana and Quaker brands.Nestlé SA:
One of the world’s largest food companies, Nestlé's comprehensive range of products includes biscuits such as KitKat and Milka, focusing on quality and culinary innovation.Britannia Industries:
A prominent player in the Indian biscuits market, known for its wide range of traditional and health-based biscuits, significant in driving growth in the regional market.We're grateful to work with incredible clients.
Related Industries
FAQs
What is the market size of biscuits?
The global biscuits market is valued at approximately $30 billion in 2023, with a projected CAGR of 5.2% through 2033. This growth reflects increasing consumer demand and innovation in the snacking sector.
What are the key market players or companies in the biscuits industry?
Key players in the biscuits market include major brands such as Kraft Heinz, Mondelez International, and Nestle. These companies dominate the market through broad portfolios, extensive distribution networks, and continuous product innovation.
What are the primary factors driving the growth in the biscuits industry?
Several factors contribute to the growth of the biscuits industry, including rising disposable incomes, increased snacking trends, and the growing popularity of convenience foods. Health consciousness also drives demand for healthier biscuit options.
Which region is the fastest Growing in the biscuits market?
The fastest-growing region in the biscuits market is expected to be Europe, growing from $8.61 billion in 2023 to $14.45 billion in 2033. Asia-Pacific is also a key growth region, expanding from $5.87 billion to $9.85 billion in the same period.
Does ConsaInsights provide customized market report data for the biscuits industry?
Yes, ConsaInsights offers customized market report data tailored to specific needs within the biscuits industry. This includes detailed analytics, regional segmentation, and trend forecasting that align with individual business objectives.
What deliverables can I expect from this biscuits market research project?
Deliverables from the biscuits market research project include comprehensive reports, detailed analyses of market trends, segmentation data, competitive landscape assessments, and actionable insights to guide strategic decision-making.
What are the market trends of biscuits?
Current trends in the biscuits market include the rise of gluten-free options and innovative flavors. Additionally, there is a strong push for sustainable packaging and products with healthier ingredients reflecting consumer preferences.