Report Overview
The biscuits market was valued at 127.575 billion in 2022 and expected to grow at CAGR of 5.8% over forecast period.
As consumers' lifestyles become busier, there is a growing demand for convenient and on-the-go snack options like biscuits. Biscuits offer a quick and portable source of energy and satisfaction. Furthermore, increasing urbanization rates across the world have led to higher consumption of packaged foods, including biscuits. Urban consumers often seek convenient and ready-to-eat snacks, driving demand for biscuits.
Moreover, biscuit manufacturers continually innovate by introducing new flavors, textures, and formats to cater to evolving consumer preferences. Novelty products and unique flavors attract consumers and drive market growth.
The demand for healthier and functional biscuits has grown significantly. Manufacturers are responding by offering biscuits with reduced sugar, whole grains, natural ingredients, and added nutritional benefits.
Product Outlook
Based on product, the biscuits market is segmented into chocolate filled, plain biscuits, and others. Plain biscuits segment accounted for largest share in 2022. Plain biscuits serve as a versatile base product for various biscuit categories and recipes. Manufacturers can easily modify and customize plain biscuits to create a wide range of flavors, textures, and formats, meeting diverse consumer preferences. Plain biscuits appeal to a broad consumer base because of their simplicity and neutrality. Many consumers prefer plain biscuits as a base for adding toppings, spreads, or dipping into beverages, allowing for a personalized snacking experience.
Plain biscuits have enduring popularity due to their simplicity, versatility, and compatibility with various consumption occasions. Their role as a foundational ingredient in recipes and as a standalone snack ensures they remain a significant driver of growth in the biscuits market. Additionally, their ability to adapt to evolving consumer preferences, including dietary and snacking trends, further contributes to their market appeal.
Regional Outlook
North America has emerged as leading market for biscuits market in 2022. North America offers a diverse range of biscuit products, catering to various consumer preferences. This diversity includes plain biscuits, sandwich cookies, filled biscuits, crackers, and specialty biscuits, meeting a wide spectrum of tastes and snacking occasions. Biscuits are a popular and beloved snack in North America. Consumer demand for biscuits as convenient and tasty snacks has contributed to market growth. Biscuits are often consumed as standalone snacks, with beverages, or as components of desserts and confectionery.
Furthermore, the rise of e-commerce and online retail has made it easier for consumers to access a wide variety of biscuit products. Consumers can shop for their favorite biscuits online, further driving sales growth. In addition, North American biscuit manufacturers have successfully expanded their reach into international markets. The export of American and Canadian biscuits to other regions contributes to market growth.
Biscuits Market Report Scope
Report Attribute | Details |
Market Value in 2022 | USD 127.57 Billion |
Forecast in 2030 | USD 200.82 Billion |
CAGR | CAGR of 5.8% from 2023 to 2030 |
Base Year of Forecast | 2022 |
Historical | 2018-2021 |
Units | Revenue in USD Billion and CAGR from 2023 to 2030 |
Report Coverage | Revenue forecast, Industry outlook, competitive landscape, growth factors, and trends |
Segments Scope | By Product, By Ingredients |
Regions Covered | North America, Europe, Asia Pacific, CSA and MEA |
Key Companies Profiled | Mondelez International, Nestle Biscuits, Kellogg Company, Pladis, Parle Products, Britannia Industries, ITC Limited, Bahlsen, Burton's Biscuit Company and Barilla among others |
Global Biscuits Market, Report Segmentation
Biscuits Market, By Product
- Plain Biscuits
- Chocolate filled
- Others
Biscuits Market, By Ingredients
- Sugar
- flour
- Other
Biscuits Market, Regional Outlook
North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- Spain
- Russia
- France
- Italy
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
CSA
- Brazil
- Argentina
MEA
- UAE
- Saudi Arabia
- South Africa