Global Biscuits Market

Demand for Healthy Biscuits Seen as Key Emerging Trend - Transparency Market Research

ALBANY, New York, November 23, 2017 /PRNewswire/ --

Transparency Market Research states that the competition in the global biscuits market is highly fragmented due to a significant number of international and local players. Some of the leading players making their mark in the biscuits market are The Kellogg Company, ITC Limited, Nestle SA, Kraft Foods Group, Inc., and Campbell Soup Company. Tough to cutthroat competition, several players are emphasizing on commercializing unique flavors wrapped in unique packaging. Furthermore, the biscuit manufacturers are also trying to tap into the new and emerging wave of health foods by using healthy raw materials to manufacture tasty biscuits.

According to the research report, the global biscuits market is estimated to reach a valuation of US$76,384.9 mn by the end of 2017 and US$109,959.9 mn by the end of 2025. During the forecast years of 2017 and 2025, the global market is expected to register a CAGR of 4.7%. Of all the products, the sweet biscuits are expected to lead the global market due to growing number of consumers for the same. This product segment is slated to exhibit a CAGR of 4.7% over the forecast period. Geographically, Asia Pacific is projected to show a higher expansion rate than the others due to an ever-growing consumer base. This regional market is expected to rise at a CAGR of 4.9% between 2017 and 2025.

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Convenience of Consuming Biscuits as Quick Meals Continues to be Market's Key Driver 

Biscuits are one of the most important snacks used in an average household. They are a variety of breads popular for breakfast and other meals. A lot of different type of biscuits are being manufactured by the various large scale companies with plants, where they are packaged and supplied within a short time span. However, even to this day a large scale production some special type of biscuits are produced by small scale bakers. The biscuits are made from various combination of raw materials such as flours, shortening, leavening, and water or milk. The type of biscuits included in the report are sweet biscuits, savory, crackers, filled/coated, wafers, and others.