Biscuit Market Size, Share, Growth Analysis, 2032

Biscuit Industry Prospective:

The global biscuit market size was worth around USD 121.55 billion in 2023 and is predicted to grow to around USD 179.70 billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.44% between 2024 and 2032.

The report offers a valuation and analysis of the biscuit market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on value (USD Billion).

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Introduction

Biscuits the bakery items and are comprised of nutrients like fats, carbohydrates, and fibers necessary for proper nourishment of the human body. The high nutritive value of the baked food item has made it a more preferential breakfast diet across the globe. Biscuits can be easily carried from one location to another and can be stored. It can be consumed by an individual as per the choice. These products are consumed with tea or coffee and are enjoyed by individuals belonging to different age groups. Furthermore, biscuits of premium quality possess rich flavor and hence are consumed by a large section of the demographic population across the globe. 

A biscuit is a small baked cake made from dough without the use of yeast or any other raising agents. Biscuits are typically crispy, flat, and sweet. The basic ingredients used to make biscuit are wheat flour, sugar, baking powder, milk, butter, and egg. However, ingredients can vary for different type of biscuits. 

Health benefits of biscuit depend on the type and quality of ingredients used in it. Digestive biscuits are made from multigrain or whole wheat and are rich in dietary fiber. Digestive biscuit helps in digestion and better bowel movement. Similarly, various types of biscuit such as glucose biscuit, gluten-free biscuit etc. use different ingredients. A typical biscuit contains fats (saturated, monounsaturated, and polyunsaturated), cholesterol, sodium, potassium, carbohydrates, protein, and vitamins such as A, C, and D. 

Biscuit is a major snack used at every home, office, restaurant, etc. Increasing demand for natural and non-GMO (non-genetically modified) products has fuelled the demand for the biscuit market. Rising health awareness, increasing demand for a variety of biscuit flavors, and the need for the safety of food are projected to fuel the growth of the biscuit market. However, increasing cost of raw materials and tax on the industry anticipate restraining the biscuit market growth in the years to come. However, increasing demand for luxury and premium biscuits is expected to propel the growth opportunity. 

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Market Growth Dynamics

The shifting trend towards consuming bakery items such as biscuits is likely to pave the way for the growth of the biscuit market over the forecasting years. In addition to this, a prominent surge in product innovations will further contribute to the market size over the ensuing years. Additionally, attractive packaging forms by the manufacturers used for product packaging will steer the business trends. Apart from this, product fortification for improving the flavor of the biscuits will augment the scope of the market in the foreseeable future. The introduction of new product flavors accounts majorly for the sales of the biscuits along with increasing the market profitability over the upcoming years. Product extension as well as adding new products to the existing product line will not only help the manufacturers increase their revenues but will prop up the market size in the coming years. Thriving retail and eCommerce sectors along with online shopping are anticipated to create huge product penetration over the years ahead.

Furthermore, the growing demand for convenient food products due to swift urbanization and hectic & busy lifestyles will culminate in huge market demand over the next couple of years. Nonetheless, product recalls due to adulteration can create heckles in the path of market growth during the forecast period.

Biscuit Market: Segmentation

The biscuit market is categorized based on product type, source type, flavor type, distribution channel, and by region.

The product line of the biscuit market includes savory, sweet biscuits, crackers, wafers, and filled/coated. In the product segment of the biscuit market, the sweet biscuit is anticipated to lead the market owing to the growing demand for biscuits in emerging economies.

On the basis of source, the biscuit market is segmented into millets, oats, wheat, and others. In the source, the wheat segment is projected to show significant growth during the forecast period.  

On the basis of flavor, the biscuit market is segmented into chocolate, plain, fruits & nuts, cheese & spiced, sour cream, and others. Plain biscuit segment is prone to dominate the market in terms of revenue during the forecast period.

On the basis of the distribution channel, the market is segmented into a convenience store, supermarkets/hypermarkets, online retail, and specialty stores. The hypermarket & supermarket segment is projected to be the most popular sales channel during the forecast period. 

Biscuit Market: Report Scope

Regional Analysis

• Asia Pacific To Occupy Leading Position In Market

The growth of the market in the sub-continent over the assessment period is attributed to the presence of giant manufacturers in countries like India, Japan, and China. In addition to this, the surge in promotional activities through TV and the Internet as well as social media will prompt regional market growth over the ensuing years. Apparently, massive consumption of healthy snacks, a surge in the working women population, and launching of new flavors as well as packed products with different sizes & volumes will provide impetus to the growth of the business in the region over the estimated time interval.

By geography, Asia Pacific is expected to be the fastest-growing region in terms of revenue. China, India, and Australia are major producers in the region. The industry is chiefly driven by rapid urbanization, increasing disposable income, and a sedentary lifestyle. The Asia Pacific was followed by Europe in terms of revenue. This is majorly due to increasing awareness regarding health and fitness, and increasing demand for convenient food products. North America is another leading region which is anticipated to show considerable growth during the forecast period. 

Biscuit Market: Competitive Analysis

The global biscuit market is dominated by players like:

• National Biscuit Industries LTD SAOG
• Mondelez International, Inc.
• Lotus Bakeries NV
• ITC Limited
• Nestle SA
• Britannia Industries Limited
• Kraft Foods Group, Inc.
• Campbell Soup Company
• Dali Food Group Co, Ltd.
• The Kellogg Company
• Burton's Biscuit Company

With the market being highly fragmented, manufacturers are trying to retain their competitive edge in the market through the execution of various positioning & pricing strategies and creating value for their products. Apart from this, players are trying to increase their distribution channels across the globe and reinforce the value chain to inflate product sales as well as product penetration across the untapped markets. 

This report segments the global biscuit market as follows:

Global Biscuit Market: Product Type Segment Analysis

• Sweet Biscuits 
• Savory
• Crackers
• Filled/Coated
• Wafers

Global Biscuit Market: Source Type Segment Analysis

• Wheat
• Oats
• Millets
• Others

Global Biscuit Market: Flavor Type Segment Analysis

• Plain
• Chocolate
• Sour Cream
• Cheese and Spiced
• Fruits and Nuts
• Other

Global Biscuit Market: Distribution Channel Segment Analysis

• Supermarket & Hypermarket
• Convenience Stores
• Online Stores
• Specialty Store

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa