A recent research report by MarkNtel Advisors has cited around 5.42% CAGR for the Global Biscuits Market during 2022-27, mainly attributing to the rapidly increasing consumer demand for healthy snacking and the mounting popularity of biscuits among people of all age groups. Moreover, growing health consciousness among people, i.e., augmenting the need for biscuits with nutrient-rich content and free from artificial flavors & ingredients, is another prominent aspect generating lucrative opportunities for biscuit manufacturers worldwide and driving the global market.
Furthermore, the easy availability of an extensive range of biscuits across both online & offline channels, coupled with improving living standards & changing lifestyles of people, are also attracting a massive consumer base for biscuits and boosting the overall market growth, further states the research report, “Global Biscuits Market Analysis, 2022.”
Increasing Consumer Interest in Nutrient-Rich Food to Drive the Demand for Wheat Biscuits
Wheat biscuits are projected to earmark a significant contribution to the expansion of the Global Biscuits Market during 2022-27. It owes to the surging health consciousness among people & their inclination toward biscuits with contents like calcium, iron, potassium, protein, sodium, & vitamin A.
Since wheat biscuits help boost health and do not have high sugar or calorie levels, their demand is escalating rapidly. Moreover, with the gradually improving living standards, more and more consumers are drawn toward healthy eating and showcasing a paradigm shift toward nutrient-rich food, such as wheat biscuits, i.e., positively influencing the overall growth of the Global Biscuits Market.
Accelerating Tourism in Europe to Generate Remunerative Opportunities for the Biscuits Market
The Europe Biscuits Market is the largest among all regions globally, and the same trend is likely during 2022-27. It owes principally to the increasing number of health-conscious people across the region, i.e., portraying their growing interest in nutrient-rich snacks like biscuits.
In addition, as consumers across different European countries prefer eating biscuits in their breakfast, their demand is escalating rapidly and instigating players to increase their production & distribution capacities, which shall further fuel the regional market growth.
Moreover, numerous tourists invest substantially in trying out freshly baked biscuits, which, in turn, is also boosting the biscuits industry in Europe. Furthermore, owing to the high demand for biscuits, the region is rich in the presence of various prominent manufacturers contributing substantially to the market expansion by introducing new products to attract a massive customer base.
The major companies in the Global Biscuits Market include Britannia Industries, Burton's Biscuit Company, Bahlsen GmbH & Co. KG, Campbell Soup Company, Cadbury, ITC Limited, Kellogg Company, Lotus Bakeries NV, Mondelez International Inc., Nestlé UK Ltd., Parle Products Pvt. Ltd., United Biscuits, Walkers Shortbread Ltd., and Yildiz Holding Inc.
Key Questions Answered in the Research Report