Market Size of North America Sweet Biscuits Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.10 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Sweet Biscuits Market Analysis
North America Sweet Biscuit Market is projected to register a CAGR of 3.1% during the forecast period, 2022-2027.
The snacking habits in North America have increased at a faster rate after pandemic situations. With the increased snacking habits and demand for sweet biscuits is forecasted to increase during the study period. Over the long term, the increase in the working-class population, rising disposable income, and changing lifestyles, hectic lifestyles, lack of time have increased the frequency of snacking driving the growth of the Sweet Biscuit Market in the North America region.
The attributes of sweet biscuits such as convenient food at a relatively low price point, its availability at various shopping points, ease of consumption as a basic food item, a high nutritional value, and a long shelf life, are boosting the sales of sweet biscuits in the region. Furthermore, the increase in efficiency of the supply chain, distribution channels, marketing and promotional activities by manufacturers is adding to the growth of the market in the region.
Moreover, the availability of a wide range of flavors, such as buttercream, chocolate, and peanut butter and biscuits with health claims among others is expected to contribute to the growth of sweet biscuits in North America. For instance, in April 2020, Biscoff launched Vegan Sandwich Cookies in United States. The brand launched the products in three flavours including Vanilla, Milk Chocolate, and Biscoff Cream.
North America Sweet Biscuits Industry Segmentation
Sweet biscuits are flour-based baked products that are sweet in taste. The sweet biscuit market is segmented by product type, distribution channel, and geography. By product type, the market is segmented into chocolate-coated biscuits, cookies, filled biscuits, plain biscuits, sandwich biscuits, and other sweet biscuits. By distribution channel, the market is segmented into supermarkets/hypermarkets, specialist retailers, convenience stores, online retail stores, and other distribution channels. By geography, the market is segmented into the United States, Canada, Mexico, and the Rest of North America. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
| By Product Type | |
| Chocolate-coated Biscuits | |
| Cookies | |
| Filled Biscuits | |
| Plain Biscuits | |
| Sandwich Biscuits | |
| Other Sweet Biscuits |
| By Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Convenience Stores | |
| Online Retail Stores | |
| Other Distribution Channels |
| By Geography | |
| United States | |
| Canada | |
| Mexico | |
| Rest of North America |
North America Sweet Biscuits Market Size Summary
The North America sweet biscuits market is experiencing a steady growth trajectory, driven by evolving snacking habits and increased demand for convenient food options. The post-pandemic shift towards more frequent snacking, coupled with a growing working-class population and rising disposable incomes, has significantly boosted the market. Sweet biscuits are favored for their affordability, availability, and ease of consumption, making them a popular choice among consumers with hectic lifestyles. The market is further supported by efficient supply chains and enhanced marketing strategies by manufacturers, which have expanded the variety of flavors and health-oriented options available. Innovations in product offerings, such as vegan and organic biscuits, are reshaping consumer preferences, with a notable shift towards clean-label ingredients and attractive packaging.
The competitive landscape of the North America sweet biscuits market is characterized by the presence of both regional and multinational companies, such as Ferrero Group, Mondelez International, and Grupo Bimbo, which are actively engaging in product innovations and strategic partnerships to maintain their market positions. The United States, in particular, shows a strong demand for imported biscuits, especially from the United Kingdom, further fueling market growth. Companies are also exploring new distribution channels, including collaborations with delivery platforms, to enhance their market reach. The introduction of gluten-free and keto-friendly options reflects the market's responsiveness to health and wellness trends, ensuring a consistent demand for sweet biscuits in the region.
North America Sweet Biscuits Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Chocolate-coated Biscuits
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2.1.2 Cookies
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2.1.3 Filled Biscuits
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2.1.4 Plain Biscuits
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2.1.5 Sandwich Biscuits
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2.1.6 Other Sweet Biscuits
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2.2 By Distribution Channel
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2.2.1 Supermarkets/Hypermarkets
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2.2.2 Convenience Stores
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2.2.3 Online Retail Stores
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2.2.4 Other Distribution Channels
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2.3 By Geography
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2.3.1 United States
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2.3.2 Canada
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2.3.3 Mexico
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2.3.4 Rest of North America
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North America Sweet Biscuits Market Size FAQs
What is the current North America Sweet Biscuits Market size?
The North America Sweet Biscuits Market is projected to register a CAGR of 3.10% during the forecast period (2024-2029)
Who are the key players in North America Sweet Biscuits Market?
Mondelez International, Ferrero Group, Campbell Soup Company, Mckee Foods Corporation and PepsiCo Inc. are the major companies operating in the North America Sweet Biscuits Market.
