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

 

The market for cookies, crackers, pasta, and tortillas has experienced a robust surge, escalating from $268.66 billion in 2023 to a projected $285.48 billion in 2024, propelled by a commendable compound annual growth rate (CAGR) of 6.3%. Let’s delve into the key factors steering this upward trajectory.

 

Historic Period Driving Forces

• Demand for Convenient Snacks and Meals:Meeting on-the-go lifestyle needs.
• Industrialization and Mass Production:Scaling up production capabilities.
• Global Food Trade:A world of diverse culinary influences.
• Marketing and Branding:Crafting enticing narratives.
• Consumer Preferences for Flavor Variety:A palette of choices.

 

A Recipe for Future Growth: Anticipated Market Surge

The outlook remains promising, with the market poised for robust growth, ascending to $353.42 billion in 2028, sustaining a CAGR of 5.5%. This growth narrative is driven by evolving health and wellness trends, a focus on sustainability and ethical sourcing, the allure of clean label and natural ingredients, the digital marketing surge, and innovations in packaging.

 

Forecast Period Growth Catalysts

• Health and Wellness Trends:A shift towards nutritious options.
• Sustainability and Ethical Sourcing:Meeting eco-conscious consumer demands.
• Clean Label and Natural Ingredients:Transparent and wholesome offerings.
• Digital Marketing and E-commerce:A tech-driven market presence.
• Innovation in Packaging:Meeting modern expectations.

 

Trends Shaping Tomorrow: Plant-Based Wonders and Ethnic Flavors

As we step into the forecast period, several trends emerge, reshaping the landscape of cookies, crackers, pasta, and tortillas.

 

Read The Full Cookie, Cracker, Pasta, And Tortilla Market Report Here:

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Anticipated Trends

• Plant-Based and Alternative Ingredients:Aligning with dietary preferences.
• Functional Foods:Infusing health benefits into every bite.
• International and Ethnic Flavors:A global culinary adventure.
• Artisan and Craft Products:The appeal of handcrafted goodness.
• Convenient and On-the-Go Snacks:Catering to fast-paced lifestyles.

 

Processed Food Frenzy: A Driving Force

The escalating demand for processed food products serves as a pivotal force propelling the market forward. Processed foods, offering convenience, innovation, and a plethora of choices, are shaping the cookie, cracker, pasta, and tortilla market.

 

Processed Food Impact

• Enhancing Convenience:Ready-to-eat options for busy lifestyles.
• Innovation in Cookies and Snacks:Meeting the demand for tasty and convenient snacks.
• Global Export Trends:A surge in processed food exports, for instance, a rise from 34.91 billion to 38.17 billion in 2022 in the United States.

 

Industry Titans: Giants Shaping the Market Landscape

Major companies play a pivotal role in steering the dynamics of the cookie, cracker, pasta, and tortilla market. Recognizable names include PepsiCo Inc., Mondelez International Inc., Kellogg Co, and many others.

 

Major Companies in the Market

• PepsiCo Inc.
• Mondelez International Inc.
• Kellogg Co
• Bimbo Bakeries USA
• Domino’s Pizza
• … and many more

 

Health First: HFSS-Free Product Innovations

Leading companies prioritize HFSS-free (High in Fat, Sugar, and Salt) products to align with consumer health concerns. Mondelez International Inc. is at the forefront, launching eight HFSS-free products in categories like biscuits and chocolate drinks.

 

Product Innovation Focus

• Lower in Sugar, Saturated Fat, and Salt:Catering to health-conscious consumers.
• Made with Natural Ingredients:Embracing wholesome snacking.
• Dietary Restrictions Compatibility:Suitable for diverse dietary needs.
• Convenient and Affordable Options:Meeting consumer preferences.

 

Market Segmentation: A Diverse Palette

The cookie, cracker, pasta, and tortilla market unfolds across varied types, distribution channels, and end-use segments.

 

Market Segmentation

1. By Type:Cookie and Cracker, Dry Pasta, Dough, and Flour Mixes, Tortilla
2. By Distribution Channel:Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
3. By End Use:Meals, Intermediate Products, Other End Users

 

Asia-Pacific’s Culinary Canvas: A Dominant Influence

In 2023, Asia-Pacific claimed the spotlight as the largest region in the cookie, cracker, pasta, and tortilla market, showcasing the global significance of this industry in the region.

 

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The Cookie, Cracker, Pasta, And Tortilla Global Market Report 2023  provides an overview of the cookie, cracker, pasta, and tortilla market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cookie, cracker, pasta, and tortilla market forecast analyzes cookie, cracker, pasta, and tortilla market size, cookie, cracker, pasta, and tortilla market share, leading competitor and their market positions.

 

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