Market Size of Sweet Biscuit Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.35 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Sweet Biscuits Market Analysis
The sweet biscuit market is projected to register a CAGR of 5.35% over the next five years.
For the longest time, biscuits have been used as snacks during different activities in daily life. Due to increased urbanization, industrialization, and lifestyle change, the snacking trend is visible in many countries. Therefore, the biscuit market is growing in urban areas. Also, the growing convenient snacking preference, coupled with easier consumer accessibility through the advancing retail sector, is one of the few factors augmenting the sweet biscuit market growth globally.
Additionally, market players have been innovating products according to consumer needs. For instance, Kids prefer biscuits with chocolate or other fruity flavors. Therefore, market players are making biscuits with different flavors, unique shapes, and attractive packaging materials. The consumer's preference for free-from and functional products is rising owing to health-related issues like diabetes, obesity, and celiac disease. Furthermore, product innovations like filled biscuits and sandwiches are driving the market growth. For instance, in December 2021, Sunfeast, an ITC limited center-filled Dark Fantasy Desserts. The products are available in two flavors, i.e., Choco Chunks and Choco Nut Dipped.
Sweet Biscuits Industry Segmentation
Sweet biscuits are flour-based baked products that are sweet. 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 stores, and other distribution channels. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. For each segment, the market sizing and forecasts have been done based on value (in USD million).
| Product Type | |
| Chocolate-coated Biscuits | |
| Cookies | |
| Filled Biscuits | |
| Plain Biscuits | |
| Sandwich Biscuits | |
| Other Sweet Biscuits |
| Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Specialist Retailers | |
| Convenience Stores | |
| Online Stores | |
| Other Distribution Channels |
| Geography | |||||||||
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Sweet Biscuit Market Size Summary
The sweet biscuit market is experiencing significant growth, driven by urbanization, industrialization, and changing lifestyles that have increased the demand for convenient snacking options. The advancing retail sector has made sweet biscuits more accessible to consumers, further fueling market expansion. Manufacturers are responding to consumer preferences by innovating with diverse flavors, unique shapes, and appealing packaging. There is a notable shift towards health-conscious products, with consumers increasingly seeking gluten-free, vegan, and nutrient-rich options due to health concerns like diabetes and obesity. This trend is prompting market players to introduce products such as filled biscuits and sandwiches, catering to the demand for both indulgence and health.
In the Asia-Pacific region, sweet biscuits remain a popular snack choice across all age groups, with a growing demand for premium options. Manufacturers are targeting specific consumer groups by launching products with added nutrients and flavors to meet the rising awareness of balanced diets and protein intake. The market is highly competitive, with major players like Mondelēz International, Britannia Industries, and ITC Limited actively expanding their product lines and global presence through innovations, mergers, and partnerships. Recent product launches, such as gluten-free and vegan options, highlight the industry's focus on catering to diverse consumer needs and preferences.
Sweet Biscuit 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 Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Threat of New Entrants
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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 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 Distribution Channel
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2.2.1 Supermarkets/Hypermarkets
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2.2.2 Specialist Retailers
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2.2.3 Convenience Stores
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2.2.4 Online Stores
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2.2.5 Other Distribution Channels
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Spain
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2.3.2.2 United Kingdom
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2.3.2.3 Germany
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2.3.2.4 France
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2.3.2.5 Italy
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 India
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2.3.3.2 China
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2.3.3.3 Australia
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2.3.3.4 Japan
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Sweet Biscuit Market Size FAQs
What is the current Sweet Biscuit Market size?
The Sweet Biscuit Market is projected to register a CAGR of 5.35% during the forecast period (2024-2029)
Who are the key players in Sweet Biscuit Market?
Britannia Industries Limited, Yildiz Holding AS, The Kellogg's Company, ITC Limited (Sunfeast, Dark Fantasy) and Mondelēz International Ltd. (belVita) are the major companies operating in the Sweet Biscuit Market.
