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The sweet biscuit market share is expected to increase by USD 26.58 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.13%.
This sweet biscuit market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers sweet biscuit market segmentation by distribution channel (offline and online) and geography (Europe, North America, APAC, South America, and Middle East and Africa). The sweet biscuit market report also offers information on several market vendors, including Alco Group, Bahlsen GmbH and Co. KG, BakeMate, Border Biscuits Ltd., Britannia Industries Ltd., Burtons Biscuit Co., Campbell Soup Co., Cremica Food Industries Ltd., Frank Roberts and Sons Ltd., Grupo Bimbo SAB de CV, Grupo Nutresa SA, ITC Ltd., Kellogg Co., Mondelez International Inc., Nestle SA, Parle Products Pvt. Ltd., Poppies Bakeries NV, The Kraft Heinz Co., United Biscuits UK Ltd., and Yildiz Holding Inc. among others.
Download Report Sample to Unlock the Sweet Biscuit Market Size for the Forecast Period and Other Important Statistics
The growing preference for healthy biscuits is notably driving the sweet biscuit market growth, although factors such as the fluctuating raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the sweet biscuit industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Sweet Biscuit Market Driver
Key Sweet Biscuit Market Trend
Key Sweet Biscuit Market Challenge
This sweet biscuit market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global sweet biscuit market as a part of the global packaged foods and meats under the global food products segment of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the sweet biscuit market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the sweet biscuit market encompasses successful business strategies deployed by the key vendors. The sweet biscuit market is fragmented and the vendors are deploying growth strategies such as diversifying their product offerings and developing their global footprint to compete in the market.
Britannia.co.in - The company offers sweet biscuits such as Goodday choco chunkies, choco chips, and choco nuts.
Britannia.co.in - Through the biscuits segment, the company offers various kinds of biscuits.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The sweet biscuit market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the sweet biscuit market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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34% of the market’s growth will originate from Europe during the forecast period. UK, Italy, France, and Germany are the key markets for sweet biscuits in Europe. Market growth in this region will be faster than the growth of the market in the South American and MEA regions.
The increasing retail value sales of private-label products and the rising demand for clean label products will facilitate the sweet biscuit market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 negatively impacted the trade and economy in the region. Furthermore, the pandemic claimed the lives of many people in countries such as Italy, Spain, and Russia. However, in 2021, the initiation of large-scale vaccination drives led to the lifting of lockdown and trade restrictions in the region. This has resulted in the reopening of factories, warehouses, and other facilities of regional vendors. As a result, vendors can meet the increased demands of consumers.
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The sweet biscuit market share growth by the offline segment will be significant during the forecast period. Hypermarkets and supermarkets are the key distribution channels for sweet biscuits in the offline distribution segment. This segment's dominance is due to the growth of the organized retail industry. As organized retail grows more common, sales of sweet biscuits increase. As disposable incomes rise and urbanization accelerates, consumers are gravitating away from small convenience stores into supermarkets and hypermarkets.
This report provides an accurate prediction of the contribution of all the segments to the growth of the sweet biscuit market size and actionable market insights on post COVID-19 impact on each segment.
Sweet Biscuit Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.13% |
Market growth 2022-2026 |
$ 26.58 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.56 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 34% |
Key consumer countries |
US, UK, Italy, France, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Alco Group, Bahlsen GmbH and Co. KG, BakeMate, Border Biscuits Ltd., Britannia Industries Ltd., Burtons Biscuit Co., Campbell Soup Co., Cremica Food Industries Ltd., Frank Roberts and Sons Ltd., Grupo Bimbo SAB de CV, Grupo Nutresa SA, ITC Ltd., Kellogg Co., Mondelez International Inc., Nestle SA, Parle Products Pvt. Ltd., Poppies Bakeries NV, The Kraft Heinz Co., United Biscuits UK Ltd., and Yildiz Holding Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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