The cookie market size will exceed USD 45.40 billion by 2030 at
New York, U.S., May 25, 2022 (GLOBE NEWSWIRE) — Market overview
According to a comprehensive research report by Market Research Future (MRFR), “cookie market Information by Type, Packaging, Distribution Channel and Region – Forecast to 2030the market is expected to acquire a size of over $45.40 billion by the end of 2030. The report further predicts that the market will flourish at a healthy CAGR of over 5.55% during the period. of examination.
Once considered an indulgence and a luxury for customers, the biscuit market has now become an integral part of the biscuit industry. Cookies are flat-baked treats that are eaten as snacks for any occasion.
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|Market size 2030||$45.40 billion|
|Forecast units||Value (USD billion)|
|Report cover||Revenue forecasts, competitive landscape, growth factors and trends|
|Segments Covered||By type, packaging and distribution channel|
|Geographical areas covered||North America, Europe, Asia-Pacific and Rest of the World (RoW)|
|Key Market Drivers||Government support for the establishment of manufacturing plants and factors such as agro-climatic zones are fueling the growth of the market in APAC countries.|
|The growth in the number of cafes has boosted the biscuit market|
Market Competitive Landscape:
Renowned companies active in the cookie market include:
- Mondelez International
- Britannia Industries
- Jiashili Group Limited
- Nestlé SA
- Burton Cookie Factory
- Lotus NV Bakeries
- Kellogg Co.
- Kraft Foods
- Mars Inc.
- Plain cookies
- Want Want Group
Covered USP market:
The growing popularity of the products, especially in developing regions, may drive the growth of the cookies market. Additionally, a strong preference for chocolate cookies in a number of developed countries like Germany, UK and US will further increase the market size. Majority of cookie makers are focusing on attracting consumers with creative packaging solutions and introducing new flavor variants including pineapple.
Rising consumer disposable incomes in emerging countries like China and India can drive product demand. The popularity of cookies as a gift option can also be favorable. Digestive ingredients and oats are mostly incorporated into cookies. Some of the cookies are energy-dense and gluten-free. Moreover, new cookies with exotic add-ons are launched in the market, in line with ever-changing consumer demands.
Cookies developed using the shortened baking process are generally fat-free and contain high levels of protein. Increased concerns about lactose intolerance and glutamic disorders in developed countries in Europe and North America will drive the preference for gluten-free cookies. Favorable regulations to ensure organic labeling in the beverage and food sector for finished products are forcing manufacturers to tighten labeling standards. These factors will most likely have a huge impact on the global market.
Browse the in-depth market research report (110 pages) on cookies: https://www.marketresearchfuture.com/reports/cookies-market-1924
Rising cost of raw materials and subsequent increase in price of finished products could hamper the growth of the market. Another factor limiting the growth of the market may be the fact that many people with health conditions and concerns prefer not to opt for cookies.
COVID 19 analysis
Although the COVID-19 outbreak has hurt several aspects of the global economy, it has been very beneficial for the global cookie market. The size of the cookie market has more than doubled since the outbreak, given the boom in online sales. This has proven to be an incredible business opportunity for cookie makers as they try to understand online shoppers, while retailers strive to boost the availability of their products in physical and offline outlets.
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Molded cookies, rolled cookies, bar cookies and others are the main types of cookies available in the global market. The bar cookies segment is expected to generate the highest revenue in the coming years, given their growing popularity due to their numerous health benefits including improved blood circulation as well as health functioning. cardiac.
The packaging based segments covered in the study are flexible, rigid, etc.
By distribution channel
Non-store and in-store channels are the main distribution channels considered in the MRFR report. Offline channels can expect to be the dominant segment in the coming years, given the significant visibility of hypermarkets/supermarkets as well as convenience stores as the main sales channels. These are particularly gaining popularity in emerging economies such as China and India.
That said, online channels can expect to grow at the fastest pace over the review period, thanks to the growing importance of e-commerce portals. In addition, the growing number of smartphone users, along with the emergence of many Internet applications from brands such as Oppo, Xiaomi, Apple and Nokia, could lead to an increased demand for online channels.
The Asia-Pacific market will continue to lead throughout the review period, with China, Japan, Indonesia and India leading the way. A widespread feeling in the region among consumers is the desire to try and explore more flavors while embracing multi-sensory and novel food experiences. This includes adding sprinkles and flavor to cocktails or desserts, such as cookies, for snacking. The region is at the forefront of encouraging the health benefits of biscuits, working on the balance between function and decadence. For health conscious consumers, the majority of cookie brands highlight their organic and natural ingredients not only to satisfy but also to maintain a healthy edge.
Along the same lines, an increasing number of Americans are opting for healthier food alternatives, due to growing concerns about unhealthy diets, obesity, and various health issues. This factor has increased the popularity of the healthy biscuits segment in the region, especially in the United States. Major brands are introducing cookies with natural ingredients, including low-calorie sweeteners, whole wheat, cereals, etc., to boost their consumer appeal. Emerging “gluten-free” options, coupled with the higher unit price, will further boost cookie sales in years to come.
Europe is the 3rd winner on the world market, led mainly by Germany and the United Kingdom. .
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