Global Biscuit Market Projected to Cross USD 202.8 Billion Mark by 2025

The global biscuit market is projected to cross the USD 202.8 billion mark by 2025, expanding at a CAGR of 5.7% from 2019 to 2025. The rise in consumption of convenience food items and a growing demand for healthy snacks are contributing to the growth of the biscuit industry.

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Rising Demand for Convenient Snacks Driving the Market

The demand for convenient snacks is on the rise due to busy lifestyles and less time for cooking or preparing meals. Biscuits are one of the most popular and convenient snacks available in the market. They are easy to carry and can be consumed anytime, anywhere. This factor is driving the growth of the biscuit industry.

Increasing Awareness about Healthy Snacks

Consumers are becoming more health-conscious and are looking for healthier snacking options. Biscuit manufacturers are focusing on developing new and innovative products with natural and healthy ingredients to cater to this demand. The increasing awareness about the health benefits of consuming healthy snacks is expected to boost the demand for biscuits in the coming years.

Segmentation of the Biscuit Market

The biscuit market can be segmented on the basis of type, distribution channel, and region. On the basis of type, the market can be divided into sweet biscuits, savory biscuits, and crackers. The distribution channel can be further segmented into supermarkets and hypermarkets, convenience stores, online retailers, and others.

Regional Analysis of the Biscuit Market

The global biscuit market is segmented into North America, Europe, Asia Pacific, South America, and Middle East and Africa. Asia Pacific holds the largest market share due to the increasing population and rising income levels in the region. The demand for biscuits in the region is also driven by the growing trend of snacking.

Conclusion

The global biscuit market is expected to expand significantly in the coming years due to the rising demand for convenient and healthy snacking options. Manufacturers are focusing on developing new and innovative products to cater to the changing needs of consumers. However, the rising competition in the market and increasing regulations may pose challenges to the growth of the biscuit industry in the coming years.

Summary: The global biscuit market is projected to cross the USD 202.8 billion mark by 2025, expanding at a CAGR of 5.7% from 2019 to 2025. The rise in consumption of convenience food items and a growing demand for healthy snacks are contributing to the growth of the biscuit industry. The demand for convenient snacks is on the rise due to busy lifestyles and less time for cooking or preparing meals. Consumers are becoming more health-conscious and are looking for healthier snacking options. The global market is segmented into North America, Europe, Asia Pacific, South America, and Middle East and Africa. Asia Pacific holds the largest market share due to the increasing population and rising income levels in the region. #BUSINESS