Cookies Market Analysis Report 2022-2027, Industry Demand, Key Company Shares, Size, Growth Rate (5.30%) and Forecast
SHERIDAN, WY, USA, Sept. 13, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report, titled “Cookie Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022- 2027”, the global cookie market size is expected to grow at a CAGR of 5.30% during the period 2022-2027. Cookies, also called biscuits, are a type of small, flat-baked treat that is eaten as a snack for any occasion. A popular bakery treat, cookies are baked at the household level and in large-scale bakeries. The main ingredients are flour, sugar and fat or oil, followed by raisins, chocolate chips, oats and nuts, which enhance their flavor and serve as toppings. Cookies can be made in a variety of shapes and sizes, and not only are they convenient to store and ready to use, but they are also portable and have an extended shelf life. Some of the most common types of cookies include bar cookies, teardrop cookies, filled cookies, molded cookies, no-bake cookies, pressed cookies, fridge cookies, rolled cookies, and cookies. sandwich cookies.
The COVID-19 pandemic has had a negative impact on the cookie market in its initial stage. Numerous lockdowns have resulted in the closure of manufacturing plants and loss of labor, resulting in reduced cookie production and greater difficulty in obtaining raw materials. In response to transportation restrictions and the closure of distribution channels, the cookie market suffered a significant decline in sales and revenue. Following the initial panic buying and later shutdown, retail channels faced a shortage of cookies due to a combination of increased demand for cookies and insufficient supply. However, as the number of COVID-19 cases decreases, the market is expected to face significant growth opportunities.
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Global cookie market trends:
The market is mainly driven by the considerable growth in the commercial production of cookies across the world. This can be attributed to continuous technological advancements in food processing technology. Additionally, the shift in consumer preferences towards ready-to-eat ready meals is driving the market. Additionally, the enrichment of nutritional ingredients in cookies along with the focus on developing innovative product variants are creating positive market prospects. Apart from this, aggressive marketing campaigns, attractive packaging and numerous merchandising strategies carried out by leading market players are also fueling the demand for the products globally. The market is further propelled by the easy availability of products through offline and organized retail channels. Some of the other factors contributing to the growth of the market include increasing industrial automation, increasing number of tea and coffee shops, development of health conscious product variants, rapid urbanization and inflation in the levels of disposable income of the masses.
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Analysis and segmentation of the global cookies market 2022-2027:
Competitive landscape with key players:
• Britannia Industries Limited (Wadia Group)
• General Mills Inc.
• Large American cookies
• Grupo Bimbo SAB de CV
• Lotus Bakeries
• Mondelez International Inc.
• Nairns Oatcakes Ltd.
• Pacific Cookie Company
• Spoken Products
• Foods UNIBIC India Pvt. ltd
• Voortman cookies
Breakdown by ingredient:
• Chocolate Chip
Breakdown by product:
• Drop cookies
• Cookies bar
• Molded cookies
• Cake without cooking
• Iced cookies
• Rolled cookies
• Sandwich cookies
Breakdown by packaging:
Breakdown by sales channel:
• Online channels
• Offline channels
Breakdown by region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)
Main highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s five forces analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Complete mapping of the competitive landscape
Note: If you need specific information that is not currently covered by the report, we can provide it to you as part of the customization.
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