Biscuits Market (2020 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Biscuits market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
“Biscuits Market report is anticipated to register a CAGR of 5% over a five years forecast period (2020 – 2023).”
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List of Major Key players operating in the Global Biscuits Market are –
- Burtons Foods Ltd.
- Danone Group
- Jiashili Group
- Kraft Foods
- Mondelez International
- Thomas Tunnock Limited
- United Biscuits
- Want Want Group
The global biscuits market is expected to reach USD 135 billion by 2023, at a CAGR of 5%. The market for biscuits is very promising. The biscuits market is all about effective decision-making and strategic planning as to how to sell, what kind of packaging should be done, what the pricing strategy will be, etc. Product innovations are changing the market dynamics globally.
Increasing Demand for Convenience Food and Snacking Driving the Growth
Demand for biscuits is increasing due to the innovative packaging, new flavors, shapes, technologies. The major factors driving the growth of the biscuits market are the increasing preference for convenience and snacking. Expanding demand for healthy snacks and increase in per capita consumption in developing countries are also driving the global biscuits market. Demand for natural and GMO free products is high, which is a great opportunity for the market players. The proliferation of supermarkets and hypermarkets has led to an increased visibility of the biscuits available in the market. High raw material cost and growing tax burden on the industry would restrain the biscuit market growth in the near future. The growing interest in premium products would provide future growth opportunities.
Sweet Biscuit is the Leading Category
The global biscuits market is segmented on the basis of product type into sweet biscuits, savory biscuits, wafer, cracker, cookies, and others. Sweet biscuits represent the largest, as well as the fastest growing segment in the global biscuits market.
Europe is leading at the Regional Front
The biscuits market has been geographically segmented into North America, Europe, South America, Africa, and Asia-Pacific. The market is currently dominated by Europe, followed by North America. The growth in these regions clearly lags behind the projected market growth in the developing countries. Asia-Pacific represents the fastest growing market for biscuits, led by China and India. By production, India is the third largest manufacturer of biscuits after the United States and China.
• March 2016 - The FMCG giant ITC is focusing on tapping the niche market for health biscuits, which includes digestive biscuits. To compete with brands, like Britannia Nutri Choice, McVities Digestive, and Parle Simply Good, the company launched Sunfeast Farmlite digestive biscuits in India.
• September 2015 - Mondelz International produces Oreo in Russia and plans to enhance distribution and marketing support to leverage the brand.
Major players - BURTONS FOODS LTD., DANONE GROUP, JIASHILI GROUP, KRAFT FOODS, MARS, MCVITIES, MONDELEZ INTERNATIONAL, NESTLE, THOMAS TUNNOCK LIMITED, UNI-PRESIDENT, UNITED BISCUITS, WANT WANT GROUP, among others.
Reasons to Purchase this Report
• Analyzing outlook of the market with the recent trends and Porters five forces analysis
• Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
• Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information,
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Scope of the Report:
The report analyses Biscuits market, which includes –
- Analysis of the growth of Biscuits market in global and regional level including Asia-Pacific, Americas, and EMEA.
- The report provides Biscuits market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
- The report offers country level Biscuits market volume and value by end-user segment for the period 2012-2023.
- Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Biscuits market are discussed.
- The report provides competitive landscape at country level for the year 2020. It also covers key policies and initiatives, key deals, and key upcoming projects.
Highlighted points of Biscuits Market Report:
- Varying dynamics of the Biscuits industry.
- Prospective changes in sales volumes and worldwide share growth in upcoming years (2020-2023).
- Biscuits market report recognizes the key drivers of growth and challenges of the key industry players.
- Competitors profiles along with product description, overview, and business data.
- A complete analysis of market risks, opportunities, limitations, and growth of the market.
- Market driving and restraining factors.
- Delivers information on the historical and current market size and the future potential of the market.
- Biscuits market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.
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Reasons to Purchase Biscuits Market Report:
- The report analyses how stringent emission control norms will drive the global Biscuits market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Biscuits market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
In this study, the years considered to estimate the market size of Biscuits:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2020
Forecast Year 2020 to 2023
Look into Table of Content of Biscuits Market Report @ https://www.360marketupdates.com/TOC/12886723#TOC
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