- Plain Biscuits
- Fortified/Functional Biscuits
- Filled/Coated Biscuits
- Sweet Biscuits
- Savory Biscuits
Biscuits Market size was estimated at USD 118,119 Million in 2022, growing at a Significant CAGR of 5.2% during the forecast period 2023-2029. Biscuits are baked flour-based food products. Biscuits keep the top spot in the food industry. They infuse various nutritional factors which include fibers, carbohydrates, and fats. The soaring demand for convenience foods along with a change in lifestyles, and rapid urbanization is the key factor that can be attributed to the growth of the biscuit market. The availability of the product in various flavors and in all price ranges is also driving the growth of the market. In January 2018, Britannia has launched Pure Magic Deuce, the first-ever bridge product in biscuit. The global Biscuits Market research report covers the Impact of COVID-19, exhaustive regional information, that includes North America (the USA and Canada), Europe (Germany, France, Italy, UK, Spain, Russia, Poland, and Rest of Europe), Asia-Pacific (Japan, China, India, Australia & New Zealand, ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others), South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentian, Venezula, and Rest of Latin America), and Middle East and Africa (Gulf Cooperation Council (GCC) Countries, Israel, South Africa, and Rest of Middle East and Africa).
Fastest Growing Market
The continuous introduction of new products into the market and increase in the health consciousness among the consumers are driving them towards the nutrition-rich biscuits as an alternative for breakfast or to enhance the in-between meal hunger. However, the high cost of the raw materials and stringent government regulations regarding the food and safety are expected to hamper the growth of the market.
The CAGR of the biscuits market is 7.2% over the forecast period (2023 - 2029)
Arnotts Biscuits Holdings Pty Limited, Nestle, Kraft Foods, Dali Group, Mondelez International
The Asia Pacific is the fastest-growing region for the biscuits market