HTF MI introduces new research on Sweet Biscuit covering the micro level of analysis by competitors and key business segments (2023-2029). The Sweet Biscuit explores a comprehensive study of various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing. Some of the major key players profiled in the study are Mondelez (United States), Nestle (Switzerland), ITC Limited (India), Parle Products (India), Campbell (United States), Kelloggs (United States), Britannia Industries (India), Yildiz Holding (Turkey), Grupo Bimbo (Mexico), Kraft Foods Group (United States).
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According to HTF Market Intelligence, the Global Sweet Biscuit market to witness a CAGR of 5.30% during forecast period of 2023-2029. The market is segmented by Application (Hotels and Restaurants, Schools and Institutions, Households, others) by Type (Filled Biscuits, Plain Biscuits, Sandwich Biscuits, Other Sweet Biscuits) by Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail, Others) by Packaging (Pouch, Jar, Box, Others) by Flavor Type (Butter, Chocolate, Cream, Cheese) by Source (Wheat, Oats, Fruits, Multi-grain, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
Definition:
The growing demand for sugar-free biscuits will help to trigger the global Sweet Biscuit market in the forecasted market period. The main ingredients used in making sweet biscuits are fat, sugar, and flour. Biscuit is flavor based baked food products. Additional ingredients e.g. flavorings, essences, chocolate, coffee, spices, dried fruit and vegetables, nuts, seeds, cheese, etc may be added. Attractive promotional strategies, as well as innovative packaging, rising demand for innovative flavors, act as a key factor in growing the global market. The market for biscuits is very promising. It is one of the fastest-growing of all sectors in the fast-moving consumer goods (FMCG) category. The biscuit market is currently dominated by Europe, followed by North America. Asia-Pacific represents the fastest-growing market for biscuits, led by China and India. The rising number of health-conscious consumers, growth of tourism in the country, adoption of modern lifestyle is aiding the European biscuit market. Moreover, awareness regarding the consumption of a balanced and healthy diet are some of the other factors expected to propel the demand for biscuits over the next five years. Additionally, the online retail segment is anticipated to hold the largest share in the global biscuits market owing to online retailing provides more discounts and wider options to purchase, the online platform becomes popular owing to that it provides the delivery to the doorstep by order of products. By production, India is the third-largest manufacturer of biscuits after the United States and China. Europe is the leading market of biscuits due to the high popularity of baked items and savory confectionery products in the regions. Asia-Pacific represents the fastest-growing market for Breakfast biscuits, given the increasing urbanization and growing disposable income among consumers.
Market Trends:
- High Adoption of Sugar-Free High Fiber Biscuits
- Rising Demand due to Attractive Promotional Strategies
Market Drivers:
- Easy Availability, Affordability, and Convenience
- Increasing Demand for Digestive Biscuits
Market Opportunities:
- Growing Demand for New Flavored Cookies
- Fuelling E-commerce Industry Worldwide
Highlighted of Sweet Biscuit Market Segments and Sub-Segment:
Sweet Biscuit Market by Key Players: Mondelez (United States), Nestle (Switzerland), ITC Limited (India), Parle Products (India), Campbell (United States), Kelloggs (United States), Britannia Industries (India), Yildiz Holding (Turkey), Grupo Bimbo (Mexico), Kraft Foods Group, Inc (United States)
Sweet Biscuit Market by Types: Filled Biscuits, Plain Biscuits, Sandwich Biscuits, Other Sweet Biscuits
Sweet Biscuit Market by End-User/Application: Hotels and Restaurants, Schools and Institutions, Households, others
Sweet Biscuit Market by Geographical Analysis:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
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The study is a source of reliable data on Market segments and sub-segments, Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological innovations Value chain, and investor analysis.
Interpretative Tools in the Market: The report integrates the entirely examined and evaluated information of the prominent players and their position in the market by methods for various descriptive tools. The methodical tools including SWOT analysis, Porter’s five forces analysis, and investment return examination were used while breaking down the development of the key players performing in the market.
Key Growths in the Market: This section of the report incorporates the essential enhancements of the marker that contains assertions, coordinated efforts, R&D, new item dispatch, joint ventures, and associations of leading participants working in the market.
Key Points in the Market: The key features of this Sweet Biscuit market report includes production, production rate, revenue, price, cost, market share, capacity, capacity utilization rate, import/export, supply/demand, and gross margin. Key market dynamics plus market segments and sub-segments are covered.
Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
• To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
• To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
• To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
• To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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