Sweet Biscuits Market Size
|Base Year For Estimation||2022|
|Fastest Growing Market||Asia-Pacific|
|Largest Market||North America|
*Disclaimer: Major Players sorted in no particular order
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Sweet Biscuits Market Analysis
The sweet biscuit market is projected to register a CAGR of 5.35% over the next five years.
For the longest time, biscuits have been used as snacks during different activities in daily life. Due to increased urbanization, industrialization, and lifestyle change, the snacking trend is visible in many countries. Therefore, the biscuit market is growing in urban areas. Also, the growing convenient snacking preference, coupled with easier consumer accessibility through the advancing retail sector, is one of the few factors augmenting the sweet biscuit market growth globally.
Additionally, market players have been innovating products according to consumer needs. For instance, Kids prefer biscuits with chocolate or other fruity flavors. Therefore, market players are making biscuits with different flavors, unique shapes, and attractive packaging materials. The consumer's preference for free-from and functional products is rising owing to health-related issues like diabetes, obesity, and celiac disease. Furthermore, product innovations like filled biscuits and sandwiches are driving the market growth. For instance, in December 2021, Sunfeast, an ITC limited center-filled Dark Fantasy Desserts. The products are available in two flavors, i.e., Choco Chunks and Choco Nut Dipped.
Sweet Biscuits Market Trends
This section covers the major market trends shaping the Sweet Biscuit Market according to our research experts:
Growing Preference for Healthy Biscuits
The consumers growing consciousness about their health is driving the market players to produce high-quality, nutrient-rich products. The consumer trend of gluten-free and vegan food is driving the market players to innovate products according to consumer needs. Rising awareness about health and fitness and a growing healthy snack product preference, especially among working professionals and millennials, is driving sales. Healthy biscuit demand is increasing due to the active consumer lifestyle who look for convenient eating options. Because of rising lifestyle-related disorders such as obesity and rising awareness about well-being, consumers' need for tasty indulgence shifted their preference toward healthy biscuits as a nutritious alternative. Manufacturers are actively indulging in healthy biscuits production in different flavors to enhance their taste. In May 2022, Arnott's, a Campbell Soup Company brand, launched new gluten-free versions of biscuits. The biscuits are available in three flavors, i.e., Mint Slice, Shortbread Cream, and TeeVee Snacks Original.
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Asia-Pacific is the Fastest-growing Market
Sweet biscuits remain one of the most preferred types of snacks and are consumed regularly by people of all age groups in the Asia-Pacific region. To cater to the rising demand for premium sweet biscuits in the country, manufacturers are targeting various groups of consumers and launching products specific to their needs. Moreover, consumers are increasingly aware of the importance of consuming balanced and healthy diets, with increasing demand for protein intake to boost energy and solve undernutrition problems, especially among children. The manufacturers are updating their portfolios with the launch of new products with additional nutrients and different flavors. For instance, in December 2021, Britannia Industries limited launched and relaunched its biscuit brand Good Day with the addition of three new varieties. The biscuits contain four types of nuts and are bigger biscuit size.
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Sweet Biscuits Industry Overview
The sweet biscuit market is highly competitive, with the significant presence of numerous local and regional players. Mondelēz International Inc., Britannia Industries Ltd, ITC Limited, Groupo Bimbo, Parle Products Ltd, Yildiz Holdongs Inc., and Kellogg's Company are the most active companies in the sweet biscuit market. The companies are increasing their product lines and expanding their presence worldwide. Key players in the sweet biscuit market adopt new product innovations, expansions, mergers, acquisitions, and partnerships to position their products.
Sweet Biscuits Market Leaders
Britannia Industries Limited
Yildiz Holding AS
The Kellogg's Company
ITC Limited (Sunfeast, Dark Fantasy)
Mondelēz International Ltd. (belVita)
*Disclaimer: Major Players sorted in no particular order
Sweet Biscuits Market News
- November 2022: Simple Mills launched Sandwich cookies prepared with nut flour and filled with nut butter creme. The products are available in two flavors, i.e., creamy peanut butter and cocoa cashew.
- November 2022: Lotus Biscoff, a Belgian biscuit brand, launched new dairy-free cream-filled sandwich cookies. The biscuits claim to be vegan.
- June 2021: Ferrero acquired Burton's Biscuit Company, which include various product lines, including Maryland Cookies, Jammie Dodgers, Wagon Wheels, Paterson's, and Thomas Fudge's. As part of the transaction, the Ferrero holding company will take over the six production facilities in the United Kingdom, based in Blackpool, Dorset, Edinburgh, Livingston, Llantarnam, and the Isle of Arran.
Sweet Biscuits Market Report - Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Product Type
5.1.1 Chocolate-coated Biscuits
5.1.3 Filled Biscuits
5.1.4 Plain Biscuits
5.1.5 Sandwich Biscuits
5.1.6 Other Sweet Biscuits
5.2 Distribution Channel
5.2.2 Specialist Retailers
5.2.3 Convenience Stores
5.2.4 Online Stores
5.2.5 Other Distribution Channels
5.3.1 North America
22.214.171.124 United States
126.96.36.199 Rest of North America
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 Rest of Asia-Pacific
5.3.4 South America
18.104.22.168 Rest of South America
5.3.5 Middle-East and Africa
22.214.171.124 Saudi Arabia
126.96.36.199 South Africa
188.8.131.52 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share of Players
6.3 Company Profiles
6.3.1 Mondelēz International Inc. (belVita)
6.3.2 Burton's Biscuit Company
6.3.3 ITC Limited (Sunfeast, Dark Fantasy)
6.3.4 Parle Products Private Limited
6.3.5 The Kellogg's Company
6.3.6 Britannia Industries Limited
6.3.7 Yildiz Holding AS
6.3.8 Grupo Bimbo
6.3.9 Bahlsen GmbH & Co. KG
6.3.10 Simple Mills
6.3.11 Lotus Biscoff
6.3.12 Ferrero Foundation
6.3.13 The Campbell Soup Company (Arnott's)
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Sweet Biscuits Market Research FAQs
What is the current Sweet Biscuit Market size?
The Sweet Biscuit Market is projected to register a CAGR of 5.35% during the forecast period (2023-2027).
Who are the key players in Sweet Biscuit Market?
Britannia Industries Limited, Yildiz Holding AS, The Kellogg's Company, ITC Limited (Sunfeast, Dark Fantasy) and Mondelēz International Ltd. (belVita) are the major companies operating in the Sweet Biscuit Market.
Which is the fastest growing region in Sweet Biscuit Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2027).
Which region has the biggest share in Sweet Biscuit Market?
In 2023, the North America accounts for the largest market share in the Sweet Biscuit Market.
Sweet Biscuit Industry Report
Statistics for the 2023 Sweet Biscuit market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Sweet Biscuit analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.