Biscuits Market Size, Share, Analysis (2022-27) | Industry Trends

 

Market Overview:

The market for biscuits worldwide is anticipated to grow at a CAGR of 4.97% from 2022 to 2027.

The COVID-19 pandemic had both positive and negative effects on the biscuit market. The disruption of global supply chains had a negative effect on the market because it forced businesses to close their factories or operate with fewer employees, which reduced production. Additionally, consumers stockpiling products with a long shelf life, such as biscuits, led to a decrease in product availability on the market. Nevertheless, the demand for wholesome oat- and nut-based biscuits was driven by consumers seeking out quick, wholesome snack options.

Scope of the Report:

Biscuits are baked food items made with flour that are typically hard, flat, and unleavened. Crackers, savoury biscuits, and sweet biscuits make up the three type segments of the global biscuit market. Crackers and savoury biscuits are divided into plain and flavoured varieties, while sweet biscuits are broken down into plain biscuits, cookies, sandwich biscuits, biscuits with chocolate coating, and other sweet biscuits. The market is divided into supermarkets/hypermarkets, convenience stores, specialty retailers, online retailers, and other distribution channels based on the method of distribution. In addition, the report offers a market analysis of biscuits in both developing and developed regions of the world, such as North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. The report provides market size and value forecasts for all of the aforementioned segments (USD million).

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