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How has the biscuits market grown over the years?

The size of the biscuits market has seen significant expansion in the past few years. The market is estimated to move from $127.99 billion in 2024 to $135.3 billion in 2025, with a compound annual growth rate (CAGR) of 5.7%. Factors that contributed to the growth in the previous period include shifts in consumer lifestyle, health and wellness trends, surge in online shopping, trade regulations, and crisis situations.

What Is the forecasted market size and growth rate for the biscuits market?

The anticipated expansion of the software consulting market is projected to be swift in the upcoming years, with its value expected to hit $436.9 billion in 2029, climbing at a compound annual growth rate (CAGR) of 12.0%. This impressive growth during the forecast period can be traced back to the emphasis on cybersecurity consulting, virtual working and collaboration tools, strategic IT planning, and alignment. Significant trends for the forecast period encompass blockchain incorporation, emphasis on user experience (UX) design, virtual work solutions, developing regulatory compliance services, and subscription-driven and SaaS (Software as a Service) paradigms.

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What are the major factors driving growth in the biscuits market?

The increase in the biscuits market is predicted to be propelled by swift urbanization. Urbanization describes the movement of the population into comparatively smaller regions, which become cities. Such an accumulation brings about a transformation of land for residential, commercial, industrial, and transport use. Globally, urbanization is triggering changes in food systems and contributes to their transformation by establishing spatial food demand patterns and swaying consumer choices. For example, the World Economic Forum, a non-governmental and lobbying organization based in Switzerland, reported in April 2022 that the global population living in cities is anticipated to hit 80% by 2050. Over 4.3 billion individuals, equating to 55% of the worldwide population, currently reside in cities, and this number is projected to surge to 80% by 2050. Consequently, brisk urbanization is fueling the expansion of the biscuits market.

What key areas define the segmentation of the global biscuits Market?

The biscuits market covered in this report is segmented –

1) By Type: Crackers And Savory Biscuits, Sweet Biscuits

2) By Source: Wheat, Oats, Millets

3) By Flavor Type: Plain, Chocolate, Sour Cream, Cheese, Spiced, Fruits And Nuts

4) By Distribution Channel: Super markets Or Hyper markets, Convenience Stores, Specialist Retailers, Online Retail, Other Distribution Channels

Subsegments:

1) By Crackers And Savory Biscuits: Salted Crackers, Cheese Crackers, Whole Grain Crackers, Specialty Savory Biscuits

2) By Sweet Biscuits: Chocolate-Coated Biscuits, Cream-Filled Biscuits, Digestive Biscuits, Cookies

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What are the top market players propelling the growth of the biscuits industry?

Major companies operating in the biscuits market include Universal Robina Corporation, Nestlé S.A., Mars Incorporated, Mondelez International Inc., Grupo Bimbo S.A.B. de C.V., Kellogg Company, The Kellogg Company, Pladis Global, Lotte Corporation, The Hershey Company, ITC Limited, Patanjali Ayurved Limited, Dali Foods Group Co. Ltd., Britannia Industries Limited, United Biscuits (UK) Limited, Lotus Bakeries NV, Parle Agro Pvt. Ltd., Pepperidge Farm Incorporated, Walkers Shortbread Ltd., Arnott’s Ltd., Bahlsen GmbH & Co. KG, Cremica Food Industries Limited, Leclerc Foods USA Inc., Burton’s Biscuit Company, Surya Food & Agro Ltd., Ravi Foods Pvt. Ltd., Anmol Industries Limited, Duke and Sons Pvt. Ltd., C.A. Pillsbury and Company, Loacker S.p.A.

What are the key trends shaping the future of the biscuits market?

Leading corporations in the biscuits market are concentrating on product innovation by introducing gluten-free and plant-based biscuits, along with additional nutritional ingredients, high-protein biscuits, and low or no sugar alternatives. Biscuits with high nutritional content are prepared in a way to offer essential nutrients, making them healthier as compared to regular biscuits. For example, in August 2024, ITC, a firm based in India focusing on Business and Information Technology, rolled out a new product named Sunfeast Super Egg & Milk Biscuit. This new addition aims to target kids and marks a strategic push into a lesser explored area of the biscuit market. It aspires to fill an existing void by offering a snack made from nutritious components like eggs and milk, essential for children’s growth. This product roll-out forms a portion of ITC’s wider market strategy to bring innovation to the food sector and cater to consumer preferences highlighting health and convenience.

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What regions are dominating the biscuits market growth?

Europe was the largest region in the biscuits market in 2024. South America is expected to be the fastest-growing region in the biscuits market report during the forecast period. The regions covered in the biscuits market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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