Biscuits Market Overview:
The biscuits Market is expected to be worth USD 172.3 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.90% during the forecast period (2022 - 2030)
The Canadian Biscuits Market is a vibrant and diverse sector within the snack food industry, offering consumers a wide variety of sweet and savory treats for snacking and dessert options. Biscuits, known for their crispy texture and rich flavor profiles, hold a significant place in Canadian culinary culture. Market players in Canada continually innovate with new flavors, shapes, and packaging designs to cater to evolving consumer preferences. From classic chocolate chip cookies to artisanal shortbread, the Canadian biscuit market offers something for everyone. With a well-established distribution network encompassing supermarket, convenience stores, and specialty bakeries, biscuits are readily available and accessible to consumers nationwide. Regulatory standards ensure product quality and safety, contributing to consumer trust and confidence in the Canadian biscuit market. As consumers seek convenient and indulgent snack options, the market presents significant opportunities for further growth and innovation within the biscuit industry in Canada.
Biscuits are made with flour, sugar or salt, butter, baking powder, and other substances depending on the flavor. Baked meals like biscuits come in various flavors, tastes, and textures.
Around the world, people typically eat biscuits as a snack rather than a full meal. Small and flavorful biscuits might be salty or sweet. Biscuits are inexpensive, simple to eat, and simple to locate. It has a lengthy shelf life and can be consumed for several months. Almost everyone around the globe prefers it as a snack option. Because biscuits are necessary for every global economy, growth is always accelerating. New varieties of biscuits in enticing flavors are introduced daily to the market.
Because they are a simple snack alternative with nutritious components, the Biscuits Market is experiencing rising demand. The food-on-the-go trend has been particularly popular due to people's busy lives. Since consumers think of biscuits as the most frequent food item, this has significantly boosted the market share for biscuits. Consumers are also being drawn in by a variety of launches of biscuits that are organic, gluten-free, low-fat, and high in fiber. There is a rise in demand for biscuits as a result of the companies' varied marketing.
Key Players:
The Key Biscuits Market Players such as Burtons Foods Ltd., Danone Group, Jiashili Group, Kraft Foods, MARS, Kellogg, McVities, Mondelez International, Nestle, Thomas Tunnock Limited, Uni-President, United Biscuits and Want Want Group.
Market Segmentations:
The Biscuits Market is divided into types, distribution channels, and geographic regions.
According to type
The worldwide biscuits market is divided into crackers and savory and sweet varieties. According to a study of the biscuit business, sweet biscuits held the most market share in 2020. The filled biscuits category in sweet biscuits will expand at a rapid CAGR during the projection period. The market for cream biscuits will grow in the next years due to the huge demand for sweet biscuits worldwide.
According to the distribution channel
Based on the distribution channel, the biscuits market is divided into independent bakeries, internet channels, convenience stores, supermarkets, and others. In 2020, the supermarket held the largest market share for biscuits.
According to region
The biscuits market is divided into North America, Europe, Asia Pacific, and the rest of the world as per the region.
Industry News:
● Gourmet Food Holdings Pty Ltd, an Australian biscuit and cracker company, was acquired by Mondelez International in March 2021.
● Kellogg's factory began expanding in January 2020 by investing BRL 215 million (USD 68 million).
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