Biscuit Market, By Source (Wheat, Oats, Multi-grain, and Others), By Packaging (Pouches/Packets, Boxes, Cans/Jars, and Others), By Distribution Channel (Store Based and Non-Store Based), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Biscuit Market was valued at USD 133.9 Billion in 2024 and is projected to grow at a CAGR of 4.30% to reach USD 196.2 Billion by 2034.

Biscuit are a range of quick bread, available in different forms throughout the world. They are prepared from a combination of flour, milk and water. That prepared dough is generally rolled out, cut into small rounds, baked, and served hot. Food preferences and ingredients in various regions of the country often determine the preference for different types of biscuits.

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Request and demands for biscuits is growing due to the advanced packaging, new flavors, shapes, technologies. Also, biscuits are given the main preference at any time being convenient and packaged source that could be carried along easily. All these are the major factors driving growth of the global biscuits market. Increasing demand for healthy snacks and increase in per capita consumption in developing countries are also fueling the global biscuits market growth. Demand for natural and GMO free products is high, which is a great opportunity for the market players. The proliferation of supermarkets and hypermarkets has led to an increased visibility of the biscuits available in the market. High raw material cost and growing tax burden on the industry are likely to restrain the global biscuit market growth in the near future. The growing interest in finest products would afford future growth opportunities

The biscuits market has been segmented on the basis of source, packaging, distribution channel and region. Based on source, the target market is segmented into wheat, oats, multi-grain, and others. Among them, wheat segment holds the major market share. Multi-grain and oats segments are showing extraordinary growth, owing to the high demand for functional ingredients used for the preparation of biscuits. Based on packaging, the target market is divided into pouches/packets, boxes, cans/jars, and others. The boxes segment is controlling the market, shadowed by pouches/packets due to ease of packaging and transport. The use of cans/jars is displaying vast demand, owing to consumer favourites towards top packaging options for bakery products. Based on distribution channel, the target market is segmented into store-based and non-store based. The store-based segment is dominating the market due to the one-stop shopping experience. However, e-commerce under non-store based distribution channel is anticipated to show an exponential growth over the forecast period.

Regional Insights:

On the basis of region, the biscuit market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The global biscuit market is currently dominated by North America due to high popularity of baked snacks and savory confectionery products in the region. The growth in this region clearly lags behind the projected market growth in the developing countries. Asia-Pacific, led by China and India, characterizes the fastest growing market for biscuits. By invention, India is the third largest manufacturer of biscuits after the United States and China, around globe. Yet, Latin America has also set up to be a new venture region for biscuit manufacturers throughout the forecast period

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.

Key players contributing to the global biscuit market are Arnotts Biscuits Ltd., Britannia Biscuits Ltd., Birtons Biscuits Co., Danesita, Inc., Kellogs, Inc., Kraft foofs, Inc., McVITIES Pvt. Ltd., Mondelez International, Nestle Co., Parle Products Pvt. Ltd.

The New Launched Product News,

• In August 2023, Craze Biscuits, a brand from Kerala launched two new biscuit varieties from Craze in an event in Kochi in the presence of Minister P. Rajeeve marking their entry into the market. "Choco Rocky," a chocolate cookie, and "Bourbon," a chocolate sandwich biscuit, are the recently introduced biscuits.
• In August 2023, Britannia has launched Jim Jam Pops, an open cream biscuit. The teaser campaign for the launch was conceptualized by Schbang and the mainline campaign was created by the Womb.
• In November 2023, Milma launched premium dark chocolate and butter biscuits to tap the trending market demands. Milma became the second dairy cooperative in the nation to provide dark chocolate products, following Amul, by launching these nutritious options.