Biscuit Market (2018 – 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 Biscuit market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
“Biscuit Market report is anticipated to register a CAGR of 5% over a five years forecast period (2018 – 2023).”
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List of Major Key players operating in the Global Biscuit Market are –
- Arnotts Biscuits Limited
- Burtons Biscuits
- Dali Group
- Kraft Foods
- Mondelez International
- Parle Products Pvt. Ltd.
- United Biscuits
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 is Driving the Market 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.
Savoury Biscuit is the Leading Category
The savoury biscuit market has seen considerable growth in recent years, benefiting from the growing consumer trend toward healthier alternatives to sweet snacks. Manufacturers have also given the market greater appeal by introducing exciting products and flavors like tomato salsa, onion & garlic, cream cheese among others, while emphasizing on the health benefits of the biscuits.
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.
May 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
October 2015 – Mondelz International produces Oreo in Russia and plans to enhance distribution and marketing support to leverage the brand
Major players ARNOTTS BISCUITS LIMITED, BRITANNIA, BURTONS BISCUITS, DALI GROUP, DANESITA, KELLOGGS, KRAFT FOODS, MCVITIES, MONDELEZ INTERNATIONAL, NESTLE, PARLE PRODUCTS PVT. LTD. and UNITED BISCUITS, among others.
There is a cutthroat competition as several players are trying to incorporate unique flavors wrapped in unique packaging. Furthermore, the biscuit manufacturers are trying to tap into the emerging wave of health foods by using healthy raw materials.
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 Biscuit market, which includes –
- Analysis of the growth of Biscuit market in global and regional level including Asia-Pacific, Americas, and EMEA.
- The report provides Biscuit market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
- The report offers country level Biscuit 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 Biscuit market are discussed.
- The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.
Highlighted points of Biscuit Market Report:
- Varying dynamics of the Biscuit industry.
- Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
- Biscuit 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.
- Biscuit 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 Biscuit Market Report:
- The report analyses how stringent emission control norms will drive the global Biscuit 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 Biscuit 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 Biscuit:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023
Look into Table of Content of Biscuit Market Report @ https://www.360marketupdates.com/TOC/12887225,TOC
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