Asia-Pacific Sweet Biscuits Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Asia-Pacific Sweet Biscuits Market is segmented by Product Type (Plain Biscuits, Cookies, Sandwich Biscuits, Chocolate-coated Biscuits, and Other Sweet Biscuits), by Distribution Channel (Supermarkets/ Hypermarkets, Convenience Stores, Specialty Stores, Online Retail Stores, and Other Distribution Channels), and by Country (China, Japan, India, Australia, and Rest of Asia-Pacific). The report offers market size and forecasts in value (USD million) for the above segments.

APAC Sweet Biscuits Market Size

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MarketSnapshot1
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 2.37 %
Market Concentration High

Major Players

Asia-Pacific Sweet Biscuits Market

*Disclaimer: Major Players sorted in no particular order

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APAC Sweet Biscuits Market Analysis

Asia-Pacific Sweet Biscuits Market is projected to register a CAGR of 2.37% during the forecast period, 2022-2027.

The demand and sale of snacks have experienced a sudden slump due to the outbreak of the COVID-19 pandemic. Asia-Pacific Sweet Biscuits market, which had been seeing some tasty-looking growth before Covid-19, has seen demand soar during the epidemic due to increased at-home consumption, as do many other product categories throughout the world. According to the 2019-20 annual report released by local big producer Britannia Industries, biscuits are India's largest processed food category. During the coronavirus quarantine, the popular and widely accessible biscuit brand Parle-G saw its highest sales in decades. During the lockdown period of March, April, and May, the firm claimed that the biscuit brand saw its strongest sales in over eight decades. While Parle-G enjoyed record-breaking sales, rival biscuits were not far behind. Increased munching surely helped Oreo, the world's most popular cookie. According to the annual report of Mondelez, in the quarter of 2020, Mondelez expanded e-commerce sales by 200 percent, bringing its online business to 6% of total sales.

Further, with the growing awareness about nutrition, a healthy diet plays a crucial role in today's busy lifestyles as global consumers are looking for those biscuits that are, both, convenient and help in quantifying the intake of nutrients. Therefore, digestive biscuits are increasingly launched by companies and are competitively engaged in launching new and innovative plain biscuits, particularly in developing countries where there is an increase in the consumption of health-based biscuits. Companies, such as Parle G and Britannia, are the most popular brands in India in the plain biscuit category.

In Australia, due to the growing demand for convenience food, innovations in packaging, and an expanding young population, the biscuit market is expected to continue to grow. There is a growing trend of using premium biscuits as gifting options for special occasions like Valentine's Day, Easter celebrations, or family gatherings across the country, providing a driving force for the luxury biscuit market.

APAC Sweet Biscuits Market Trends

This section covers the major market trends shaping the APAC Sweet Biscuits Market according to our research experts:

Product Innovation with New Formulations Is Attracting Consumers

The demand for biscuits is increasing due to the growing demand for healthy snacks and an increase in per capita consumption in developing countries of the Asia-Pacific region. For instance, in July 2021, ITC Limited's Sunfeast, one of India's most preferred brands in biscuits and cakes, launched a new-to-market biscuit experience with the launch of Sunfeast All-Rounder. It is a new potato biscuit, crunchy, and one of the thinnest biscuits ever manufactured in India.

Due to the changing demographics and high levels of disposable income, the Asia-Pacific region's urbanization is opening up new opportunities for growth. Consumers are being drawn to frequent launches of basic products with new formulations, such as low-fat, gluten-free, low-carb, organic, and high-fiber biscuits, which is boosting market expansion. For instance, in January 2020, Mondelez India launches Cadbury Chocobakes, bringing their signature chocolate flavor to a cookie format. Sweet biscuits are the fastest-growing sector owing to their taste and healthy ingredients. Biscuits in the region include a variety of crisp, baked goods like cookies, crackers, pretzels, and pies among others.

Asia-Pacific Sweet Biscuits Market

Supermarket/Hypermarket Holds A Prominent Share

Supermarkets/hypermarkets have always had a strong lead in biscuit sales as they have the extra benefit of influencing the consumer's decision to make a purchase among the huge range of items available on the market. Supermarkets/hypermarkets are the most common sales channels for biscuits across the world, owing to their large retail area and ability to appeal to a wide range of preferences.

Due to the huge discounts, offers, product bundling, and other consumer-oriented schemes accessible to customers, shopping at hypermarkets/supermarkets is also perceived as beneficial and effective. They have a strong foothold due to the large number of brands available and regular discount offers. These are the channels that biscuit manufacturers choose to introduce new products and expand their market share. This is mostly due to their expanding geographical footprints in comparison to other distribution channels, which are also expanding their footprints across the region. Additionally, players, like Mondelez India, announced their plan to expand their biscuit portfolio (Oreo) with an intent to increase their distribution network in the country. According to the Associate Director of marketing (Biscuits), Mondelez India, in 2019, the Mondelez India added nearly 242,000 stores (selling biscuits), of which 107,000 were in rural areas and the remaining 135,000 in urban areas.

In the biscuit category, supermarkets/hypermarkets provide a lot of options. As a result, there is strong competition on the store shelf to distinguish various kinds of biscuits. According to Motilal Oswal Group, the Future Retail has a total of 318 Big Bazaar stores across the country in 2021. This is driving the biscuit producers to reinvent and reposition their products as a luxury in-store item, catering to certain customer demands such as sugar-free, high fiber, gluten-free, taste, packaging, or targeting specific age groups. Due to the wide variety of biscuits available, supermarkets and hypermarkets are gaining market share. Some of the major key players in the segment are Mondelez International Inc., Britannia Industries, ITC Ltd.

Asia-Pacific Sweet Biscuits Market

APAC Sweet Biscuits Industry Overview

The Asia-Pacific Sweet Biscuits market facilitates its operation in a highly competitive market. This is due to the presence of several local, domestic and global players in this segment. The major players in the Asia-Pacific sweet biscuits market are Mondelez International, Inc., Britannia Industries Limited, Parle Products Pvt. Ltd., Yildiz Holding AS, and ITC Limited. Emphasis is given to the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Eventually, other players Britannia Industries Limited which is one of the top players in this specific market drastically focused on its research and development sectors, the main strategy behind improvising the R&D sectors of the company was to innovate new products to sustain a good position in the market. For instance, in May 2022, Sunfest Bounce launched its new range of biscuits in India, Bounce Fills, The biscuits are milk crème center-filled cookies available in two different flavors Orange and Strawberry.

APAC Sweet Biscuits Market Leaders

  1. Mondelez International, Inc.

  2. ITC Limited

  3. Britannia Industries Limited

  4. Parle Products Pvt. Ltd

  5. Yildiz Holding AS

*Disclaimer: Major Players sorted in no particular order

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APAC Sweet Biscuits Market News

  • In March 2022, Ludhiana-based Bonn Group launched premium digestive minis biscuits under its 'Americana range of product line. These Premium Digestive Minis come with no artificial colors or artificial flavors, a permanent feature of many Bonn products. Also, this new range of biscuits will be available in 65 grams pack, while costing INR 10.
  • In January 2022, OREO, one of the world's major cookie brands, launched its globally existing variant 'OREO Double Stuf' in India. Promising double the fun and decadence with more crème between the two scrumptious layers of its classic cookie. The company claims that this latest innovation brings to its consumers a new indulgent eating experience.
  • In March 2021, Nestle Japan launched KitKat's new whole-wheat chocolate biscuit. It is made with the familiar KitKat chocolate and is coated in whole-wheat biscuits. The packaging shows a biscuit that looks like a graham cracker or a digestive biscuit.

APAC Sweet Biscuits Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Plain Biscuits

      2. 5.1.2 Cookies

      3. 5.1.3 Sandwich Biscuits

      4. 5.1.4 Chocolate-coated Biscuits

      5. 5.1.5 Other Sweet Biscuits

    2. 5.2 By Distribution Channel

      1. 5.2.1 Supermarkets/Hypermarkets

      2. 5.2.2 Convenience Stores

      3. 5.2.3 Specialty Stores

      4. 5.2.4 Online Retail Stores

      5. 5.2.5 Other Distribution Channels

    3. 5.3 By Country

      1. 5.3.1 China

      2. 5.3.2 Japan

      3. 5.3.3 India

      4. 5.3.4 Australia

      5. 5.3.5 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Mondelez International Inc.

      2. 6.3.2 Kellogg Company

      3. 6.3.3 ITC Limited

      4. 6.3.4 Britannia Industries

      5. 6.3.5 Parle Products Pvt. Ltd.

      6. 6.3.6 Yildiz Holding AS

      7. 6.3.7 The Campbell Soup Company

      8. 6.3.8 Grupo Bimbo

      9. 6.3.9 Burton's Biscuit Company

      10. 6.3.10 Bahlsen GmbH & Co.KG

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19 ON THE MARKET

  9. 9. DISCLAIMER

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APAC Sweet Biscuits Industry Segmentation

A sweet biscuit is a flour-based baked and shaped food product. In most countries, biscuits are typically hard, flat, and unleavened. They are usually sweet and may be made with sugar, chocolate, icing, jam, ginger, or cinnamon. Asia-Pacific sweet biscuits market is segmented by type, by distribution channel, and by country. Based on the product type, the market is segmented into plain biscuits, cookies, sandwich biscuits, chocolate-coated biscuits, and other sweet biscuits. By distribution channel, the market is segmented into supermarkets/ hypermarkets, convenience stores, specialty stores, online retail stores, and other distribution channels, and by country into China, Japan, India, Australia, and the Rest of Asia-Pacific. For each segment, the market sizing and forecasts have been done on the basis of value (in USD billion).

By Product Type
Plain Biscuits
Cookies
Sandwich Biscuits
Chocolate-coated Biscuits
Other Sweet Biscuits
By Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Specialty Stores
Online Retail Stores
Other Distribution Channels
By Country
China
Japan
India
Australia
Rest of Asia-Pacific
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APAC Sweet Biscuits Market Research FAQs

The Asia-Pacific Sweet Biscuits Market is projected to register a CAGR of 2.37% during the forecast period (2024-2029)

Mondelez International, Inc., ITC Limited, Britannia Industries Limited , Parle Products Pvt. Ltd and Yildiz Holding AS are the major companies operating in the Asia-Pacific Sweet Biscuits Market.

The report covers the Asia-Pacific Sweet Biscuits Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Sweet Biscuits Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Asia-Pacific Sweet Biscuits Industry Report

Statistics for the 2024 Asia-Pacific Sweet Biscuits market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Sweet Biscuits analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Asia-Pacific Sweet Biscuits Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)