Biscuit Market Investigation & Industry Evolution and forecast till 2031
The "Biscuit Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Biscuit market is expected to grow annually by 14.6% (CAGR 2024 - 2031).
This entire report is of 168 pages.
Biscuit Introduction and its Market Analysis
The Biscuit market research report indicates a growing demand for biscuits due to changing consumer preferences and increasing purchasing power. The target market for biscuits includes individuals of all ages seeking convenient and delicious snack options. Major factors driving revenue growth in the Biscuit market include innovative product offerings, expanding distribution channels, and aggressive marketing strategies. Companies such as AAK, Cargill, and Kerry Group are dominating the market with their diverse product portfolios and strong market presence. The report recommends focusing on product innovation, expanding into emerging markets, and strengthening distribution networks to capitalize on the growing demand for biscuits.
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The biscuit market is a thriving industry that caters to a variety of consumers with different preferences. With the rise in health consciousness, the market has expanded to include sugar-free biscuits, catering to those looking to cut down on their sugar intake. On the other hand, sugary biscuits continue to be a popular choice for those with a sweet tooth.
The application of online sales has made it easier for consumers to access a wide range of biscuit options from the comfort of their own homes. Offline retail segmentation also plays a significant role in reaching customers who prefer to physically browse through products.
Regulatory and legal factors specific to the biscuit market include compliance with food safety regulations, labeling requirements, and advertising standards. It is essential for biscuit manufacturers to adhere to these guidelines to ensure the safety and satisfaction of their customers. With the right approach, the biscuit market can continue to thrive and meet the diverse needs of consumers.
Top Featured Companies Dominating the Global Biscuit Market
The global biscuit market is highly competitive, with key players including AAK, Cargill, Associated British Foods, Lesaffre, Taura Natural Ingredients, Muntons, Corbion, British Bakels, Kerry Group, Tate & Lyle, and Lallemand. These companies are involved in the production and distribution of a wide range of biscuits that cater to different consumer preferences and dietary needs.
AAK is known for its expertise in specialty oils and fats, while Cargill is a major player in the food ingredients industry. Associated British Foods is a leading international food, ingredients, and retail group, and Lesaffre is known for its yeast and fermentation products. Taura Natural Ingredients specializes in fruit inclusions for bakery products, and Muntons is a key player in the malt industry.
Corbion is a global leader in food ingredients and biochemicals, British Bakels offers a wide range of baking ingredients and solutions, and Kerry Group is a global taste and nutrition company. Tate & Lyle is a leading global provider of food and beverage ingredients, while Lallemand is known for its expertise in yeasts and bacteria.
These companies help grow the biscuit market by offering innovative products, investing in research and development, and expanding their distribution networks. They also collaborate with manufacturers and retailers to create new product formulations and meet changing consumer demands. Some of these companies have reported significant sales revenue, such as Kerry Group with $ billion in 2020 and Tate & Lyle with $3.4 billion in the same year. Overall, these companies play a vital role in driving growth and innovation in the global biscuit market.
- AAK
- Cargill
- Associated British Foods
- Lesaffre
- Taura Natural Ingredients
- Muntons
- Corbion
- British Bakels
- Kerry Group
- Tate & Lyle
- Lallemand
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Biscuit Market Analysis, by Type:
- Sugary Biscuit
- Sugar-free Biscuit
Sugary biscuits are traditional biscuits with added sugar for a sweet taste, while sugar-free biscuits are made without any added sugar, suitable for health-conscious consumers. The variety in biscuit types caters to different consumer preferences, increasing the demand in the market. Sugary biscuits appeal to those looking for indulgent treats, while sugar-free biscuits attract those seeking healthier options. By offering a range of choices, biscuit manufacturers can cater to a wider audience and boost sales in the competitive market. The diverse options available in the biscuit market help to cater to a larger customer base and drive overall demand for biscuits.
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Biscuit Market Analysis, by Application:
- Online Sale
- Offline Retail
The application of Biscuit as an online sale platform allows customers to purchase biscuits through the internet, while the offline retail application enables customers to physically buy biscuits from stores. In the online sale application, customers can browse through various biscuit options, select their desired products, and make purchases through secure payment methods. In the offline retail application, customers can visit stores, view biscuit options in person, and make purchases directly at the store. The fastest growing application segment in terms of revenue is the online sale platform, as more and more customers are preferring the convenience of online shopping.
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Biscuit Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The biscuit market is experiencing significant growth in various regions worldwide. North America, led by the United States and Canada, is seeing a rise in demand for biscuit products. In Europe, countries like Germany, France, the ., Italy, and Russia are witnessing a surge in consumption. In Asia-Pacific, China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia are driving market growth. Latin America, including Mexico, Brazil, Argentina, and Colombia, is also showing increased interest in biscuits. The Middle East & Africa, particularly Turkey, Saudi Arabia, UAE, and Korea, are emerging markets for biscuits.
In terms of dominance and market share, Asia-Pacific is projected to be the leading region in the biscuit market, with an estimated market share of around 40%. Europe and North America are expected to follow closely behind, each capturing approximately 25% of the market share. Latin America and the Middle East & Africa regions are anticipated to have smaller market shares, with around 7% and 3% respectively. Overall, the biscuit market is forecasted to see steady growth and increasing popularity across various regions globally.
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