Sweet Biscuit Market Scope
The growing demand for sugar-free biscuit will help to trigger global Sweet Biscuit market in the forecasted market period. The main ingredients used in making sweet biscuits are fat, sugar and flour. Biscuit is flavor based baked food products. Additional ingredients e.g. flavorings, essences, chocolate, coffee, spices, dried fruit and vegetables, nuts, seeds, cheese etc may be added. Attractive promotional strategies, as well as innovative packaging, rising demand for innovative flavors, act as key factor to growing the global market.
The market study is being classified by Type (Filled Biscuits, Plain Biscuits, Sandwich Biscuits and Other Sweet Biscuits), by Application (Supermarket, Convenience Store, Online Store and Others) and major geographies with country level break-up. According to AMA, the Global Sweet Biscuit market is expected to see growth rate of 5.31% and may see market size of USD109.2 Billion by 2024.
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Sweet Biscuit market throughout the predicted period.
Mondelez (United States), Nestle (Switzerland), ITC Limited (India), Parle Products (India), Campbell (United States), Kelloggs (United States), Britannia Industries (India), Yildiz Holding (Turkey), Grupo Bimbo (Mexico) and Kraft Foods Group, Inc (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Lotus Bakeries NV (Belgium), United Biscuits (United Kingdom), Dali Group (China) and Arnotts Biscuits Limited (Australia).
AdvanceMarketAnalytics has segmented the market of Global Sweet Biscuit market by Type, Application and Region.
On the basis of geography, the market of Sweet Biscuit has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
On 1st April 2019, U.S. food group Kellogg Co has agreed to sell its Keebler biscuits brand and other assets to Nutella maker Ferrero for 1.3 billion dollars as it focuses on its core cereals and snacks businesses.
On 3rd March 2019, Parle Products has launched two new variants - KrackJack Butter Masala and Monaco Pizza for its cracker brands - KrackJack and Monaco respectively.
- High Adoption of Sugar-Free High Fiber Biscuits
- Rising Demand due to Attractive Promotional Strategies
- Easy Availability, Affordability, and Convenience
- Increasing Demand for Digestive Biscuits
- Growing Demand for New Flavored Cookies
- Fuelling E-commerce Industry Worldwide
- Intensified Competition from Private Labeled Brands
- Changing Consumer Preferences
Key Target AudienceSweet Biscuit Manufactures, Sweet Biscuit Suppliers and Distributors, Government Regulatory Bodies, Government and Research Organizations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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