The Biscuit Market is a dynamic and highly competitive industry that revolves around the production and sale of baked, crunchy delights enjoyed by people of all ages around the world. Offering an array of flavors, shapes, and textures, biscuits cater to diverse consumer preferences, making them a staple snack in households and a popular choice for on-the-go indulgence. With continuous innovation, health-conscious options, and a global reach, the biscuit market remains a flourishing sector within the broader food industry.

The report " Global Biscuit Market, By Source (Wheat, Oats, Multi-grain, and Others), By Packaging (Pouches/Packets, Boxes, Cans/Jars, and Others), By Distribution Channel (Store Based and Non-Store Based), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029’’

Key Highlights:

·         In July 2021, FMCG company Britannia, one of the country's largest players in the biscuits sector, debuted '5050 Potazos,' a potato-based biscuit. According to the manufacturer, Britannia 5050 Potazos are thin, crispy, and give the familiar'masaledar' flavours of a potato chip in a biscuit format.

·         In August 2021, Britannia recently launched a "ode to simpler times" campaign intended at commemorating the simple joys of the old days and transporting people back to childhood memories, which prompted a surge in demand for the classic pack to be brought back, and the firm listened.

Analyst View:

The biscuit market presents a resilient and promising outlook. Factors such as changing consumer lifestyles, increased snacking habits, and a growing preference for convenient and portable snacks continue to drive demand. Moreover, manufacturers are responding to health-conscious consumers by introducing healthier ingredients and portion-controlled options, further diversifying the market. As a result, the biscuit market is poised for sustained growth, offering opportunities for both established players and new entrants to capitalize on evolving consumer tastes and preferences.

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Key Market Insights from the report:

Global Biscuits Market accounted for US$ 116.71 billion in 2020 and is estimated to be US$ 168.88 billion by 2030 and is anticipated to register a CAGR of 3.8%. Global Biscuits market is segmented into source, packaging, distribution channel and region.

·         Based on Source, the Global Biscuits Market is segmented into Wheat, Oats, Multi-grain, and Others.

·         Based on Packaging, the Global Biscuits Market is segmented into Pouches/Packets, Boxes, Cans/Jars, and Others.

·         Based on Distribution Channel, the Global Biscuits Market is segmented into Store Based and Non-Store Based.

·         By Region, the Global Biscuits Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Global Biscuits Market:

The key players in the global Biscuits market includes Arnotts Biscuits Ltd., Britannia Biscuits Ltd., Birtons Biscuits Co., Danesita, Inc., Kellogs, Inc., Kraft foofs, Inc., McVITIES Pvt. Ltd., Mondelez International, Nestle Co., Parle Products Pvt. Ltd..

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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