Sweet Biscuit Market size is estimated at $87.2 billion in 2020, projected to grow at a CAGR of 3.3% during the forecast period 2021-2026. Sweet biscuit is a flour based baked food product and its dough is generally used for strawberry shortcake which is dessert. Sweet biscuits like plain biscuits, cookies and others are affordable and easy to pick up, store and consume. Increasing demand for convenience food products coupled with changing preference of consumers towards cookies, plain biscuits as snacks are the major factors driving the growth of the Sweet Biscuit market. The biscuit is a low-cost, easy-to-find, and easy-to-eat basic and healthy food with a high and long shelf life, making it ideal for snacking. Every day, new products and appealing packaging have an impact on the sweet biscuits industry. It's sweeter than other biscuits and can be stuffed with fruit, nuts, or baking chips. They're great for breakfast or any time a person wants something filling but not too heavy, would drive up Sweet Biscuits industry demand.
Sweet Biscuit Market Report Coverage
The report: “Sweet Biscuit Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Sweet Biscuit Market.
By Product Type: Chocolate-Coated Biscuits, Cookies, Filled Biscuits, Plain Biscuits, Sandwich Biscuits and Others
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By Packaging Type: Glass Bottle, Jar, Pouches/Packets and Others.
By Distribution Channel: E-Commerce, Hypermarket/Supermarket, Convenience Stores and Others.
By Geography: North America (U.S, Canada and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina and Rest of South America) and RoW (Middle East and Africa).
Key Takeaways
- Sweet Biscuit Market growth is being driven by consumers desire to eat light food stuffs as their favourite snacks, which is met by manufacturers through a variety of products tailored to the preferences of consumers.
- Geographically, North America Sweet Biscuit Market held the largest revenue share of 43% in 2020 owing to the growing product consumption. The scope of the Sweet Biscuit Market for various regions will be provided in the final report.
- The Sweet Biscuits Industry is expanding owing to adoption of a new lifestyle and the high disposable income of middle-class households, consumers' preferences have moved dramatically towards these products.
- Increasing cases of emergency food quality test failures and rising health problems in younger population hampers the Sweet Biscuits
The Growing Demand for Organic Food Product:
Sweet Biscuits are becoming increasingly popular around the world, as people seek for components that are both healthy and vegan. Consumer demand for plain biscuits, cookies and natural/organic claims are all growing in popularity. Traditional flavours are dominating the market, despite the introduction of Sweet Biscuits with increased health benefits and a variety of taste profiles. Also, the rise in demand for convenience meals can be seen more prominently in developing countries, as per capita food expenditure rises in tandem with per capita income is further aiding to the industry expansion.High Production Cost:
The Sweet Biscuit Market's growth is hampered owing to the high production cost of the key ingredients, product safety standards, government regulation of policy and the use of alternative technology. The market's growth is being hampered by a lack of raw materials. Furthermore, the rise in popularity of cereals and the reduction in bread sales are limiting its market expansion. Growing public awareness of the dangers of certain preservation chemicals is also a key hindrance to the market's expansion.The Sweet Biscuit Market's main strategies include product launches, mergers and acquisitions, joint ventures, and regional expansion. Sweet Biscuit Market top 10 companies are Mondelez International Inc., Kerry, Britannia Industries Limited, PepsiCo Inc., Nestle SA, Parle Products Private Limited, Yildiz Holding AS, The Campbell Soup Company, Kraft Foods Group Inc., ITC Ltd. and Grupo Bimbo.- In January, 2021, Kerry expands its nutritional food range owing to increasing demand of vegan, organic and allergen-free products. This expansion helps to increase the development in food and beverage sector and thus expanding the market growth.
- In April 2020, Give Go, a North American leader in fully-finished sweet baked treats, has been bought by Mondelez International Inc. Both firms will benefit from this transaction, which will help them accelerate innovation, consumer engagement, and strategic retail alliances.
- Acquisitions/Product Launches:
- Sweet Biscuit Market - Landscape
- Sweet Biscuit Market - Challenges
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