Global Cookie And Cracker Market Size, Drivers, Trends, Opportunities And Strategies – Includes Cookie And Cracker Market Report
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Growing bakery product demand is likely to promote innovation in cookie and cracker manufacturing, propelling the market during the forecast period.
The global cookie and cracker market is expected to grow from $109.20 billion in 2022 to $116.19 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The global cookie and cracker market size is expected to reach $140.79 billion in 2027 at a CAGR of 4.9%.
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Global Cookie And Cracker Market Segments Include:
- By Type: Cookies, Crackers
- By Distribution Channel: Supermarkets Or Hypermarkets, Convenience Stores, Specialty Stores, Online Stores
- By Application: Restaurants, Home, Other Applications
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Europe is the largest region in the global cookie and cracker market in 2021.
Major Market Players in the cookie and cracker market include Britannia Industries Limited, Nestle S.A, Parle Products Pvt. Ltd., Premier Foods Group Limited, Sara Lee Frozen Bakery, Grupo Bimbo, S.A.B. de C.V., Kellogg Co., Interstate Bakeries Corp.
Product innovation is a crucial trend that is gaining traction in the cookies and crackers sector. To maintain their market position, major cookie and cracker firms are focusing on producing new goods. For example, The Hershey Company, a US-based maker and marketer of chocolate and sugar confectionery items, introduced Reese’s Dipped Animal Crackers in January 2023. To obtain the wonderful Reese’s flavour, Reese’s Dipped Animal Crackers are bite-sized, animal-shaped crackers that are totally covered in peanut butter candy and partially dipped in milk chocolate. Reese’s Dipped Animal Crackers are available in 4.25-oz packs with 13 different animal varieties, including lions and bears.
The Cookie And Cracker Global Market Report 2023 provides a cookie and cracker market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cookie and cracker market forecast analyzes cookie and cracker market size, cookie and cracker market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Cookies and crackers are low-moisture baked products that contain minimal damaged starch or water-soluble pentosans. These complement dips, jam, fruit preserves, and peanut butter.
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