Global Biscuits Market Size USD 184.97 Billion By 2030 | CAGR of 5.50%

Introduction

A biscuit is a flour-based baked and shaped food item. Consumers' increasing need for fast snacks composed of nutrient-dense ingredients is driving the business. In order to attract customers, the industry has expanded due to periodic product introductions with unique biscuit recipes, such as low-fat, gluten-free, low-carb, organic, and high-fiber biscuits. Crackers and Savory Biscuits are the area of the food sector that is expanding quickly because of their deliciousness and healthy ingredients.

Market Dynamics

Growing Product Innovation Drives the Global Market

Companies constantly differentiate their products regarding ingredients, flavor, composition, and packaging to succeed in such a competitive market. As a result, product innovation and new product development are increasing in the global biscuit market. The expansion of the biscuit market during the past several years can be ascribed to new products becoming more readily available on shop shelves, which attracts early adopters and subsequently advances the sector. Market leaders focus on consumer groups with specific interests to differentiate their product offers and grow their customer base. They are making extensive use of international consumer trends, some of which include organic/natural, vegan, and goods with unusual components.

New Innovations in the Market Creates Tremendous Opportunities 

Due to conventional processes, the biscuit industry is profitable and well-established in many countries, but it faces many serious obstacles. The goal of the DuPont and Euromonitor study was to help biscuit manufacturers understand how they could best meet consumer demands, such as improving the nutritional profiles of their products by adding more fiber, proteins, and other distinctive ingredients along with a reduction in sugar and fat. These innovations are anticipated to create new opportunities for the biscuit market during the forecast period.

Regional Analysis

Europe is the most significant shareholder in the global biscuits market and is expected to grow at a CAGR of 4.85% during the forecast period. Consumers in the UK are driven by indulgence, depending on the biscuit type and the box size. The demand for healthier biscuits increased across the country. As part of its aim to target the premium biscuits category in the United Kingdom, Mondelez International has introduced a Cadbury-branded biscuit with the option to consume the product warm directly out of the microwave. Consumer preferences in the nation have changed, resulting in a dramatic rise in demand for "premium experiences" and a continuous reduction in the market for traditional regular biscuits.

Asia-Pacific is anticipated to grow at a CAGR of 5.90%, generating USD 39,786.06 million during the forecast period. Due to rising health consciousness, the availability of a wide range of biscuit tastes, and an expanding working population, the consumption of bakery and cereal items is driving growth in the Chinese biscuit industry. According to the Direct China Chamber of Commerce, savory biscuits made up 39% of the market in 2018, while sweet biscuits made up 60%. The most popular biscuits in China include sandwiches, chocolate-coated biscuits, and specially created biscuits with attractive packaging, delectable flavors, and smaller packets of 100-200gm.

Demand for cookies and biscuits has been expanding consistently across Europe. The Kellogg Company, Just off Melrose Incorporation, Christie Cookies Company, Shultz Foods Co., and Benzel Food Distributors are some of the biggest biscuit manufacturers in the US. With a focus on new product development and marketing communications, the market players also participate in various in-store promotions. These in-store deals will likely emphasize savings like buy one, get one free offers or extra value packages. Product innovation is a strategic market player used to compete in the highly fragmented biscuit market. They are utilizing growth as a tactic to make the goods accessible by expanding their production capabilities.

Key Highlights

• The global biscuits market was valued at USD 114,247.60 million in 2021. It is projected to reach USD 184,977.63 million by 2030, growing at a CAGR of 5.50% during the forecast period (2022-2030).

• Based on type, the global biscuits market is bifurcated into crackers and savory biscuits, and sweet biscuits. The sweet biscuits segment is the highest contributor to the market and is expected to grow at a CAGR of 5.55% during the forecast period.

• Based on the distribution channel, the global biscuits market is bifurcated into supermarkets/hypermarkets, convenience stores, specialist retailers, online retail, and others. The supermarkets/hypermarkets segment owns the highest market share and is expected to grow at a CAGR of 4.95% during the forecast period.
• Europe is the most significant shareholder in the global biscuits market and is expected to grow at a CAGR of 4.85% during the forecast period.

Competitive Players

Competitive Players

The global biscuits market’s major key players are Mondelēz International Inc., Kellogg Company, ITC Limited, Britannia Industries, Walkers Shortbread Ltd, Parle Products Pvt Ltd, Burton’s Biscuit Company, Yildiz Holding Inc., Bahlsen GmbH & Co. KG, Campbell Soup Company, and Grupo Bimbo.

Recent Developments

Market News

• In September 2021, Gourmet Food Holdings Pty Ltd, an Australian food firm that sells high-end crackers and biscuits, was acquired by Mondelez International. Through this acquisition, Mondelez wants to strengthen its position as the market leader in Australia and New Zealand for snacks.
• In March 2021, Under the Club and Town House brands, Kellogg's produced two thinner and crispier varieties of crackers. Town House Dipping Thins in Sea Salt and Black Pepper, as well as Club Crisps in Sea Salt and Ranch taste, were introduced by the brand.

Segmentation

Global Biscuits Market: Segmentation

By Type

• Crackers and Savory Biscuits
• Sweet Biscuits

By Distribution Channels

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

By Regions

• North America
• Europe
• Asia-Pacific
• LAMEA