Innovation in Healthy Snacks Fuelling Market Growth
However, according to the NIH report of 2024, the prevalence of celiac disease ranges between 0.7 % to 2.9% with higher frequency in females compared to males, consuming gluten is one of the main reasons behind celiac disease, resulting in difficulty in absorption of necessary nutrients, due to which the growing trend towards consumption of healthier options, including biscuits with lactose free, reduced sugar, whole grains, and added nutrients are increasing among consumers. Many key players are introducing gluten-free biscuits with similar taste as of regular offering health benefits without compromising on taste. For instance, in April 2023, Parle announced to launched campaign for hide and seek, sweet cookie brand, aim to increase excitement among consumers, helping strengthen brand's position in the market and reinforce the delivery of chocolate experience to consumers.
Growing Trends of Gluten Free Organic Biscuits is Propelling Market Growth
Furthermore, rising demand for gluten-free biscuits are creating buzz, due to which many key players are launching gluten-free snacks to cater consumers demands. For instance, in December 2023, Crave launched gluten-free cake inspired vegan sandwich cookies, consisting vanilla filling. Additionally, in May 2022, Arnott’s announced to launched gluten-free biscuit, in versions of Tiny Teddy, Choc Ripple, and Scotch Finger, offering same taste, quality and texture as traditional snacks, helping in improving energy level of people suffering from lactose intolerance, digestive health, weight gain.
Recent Trends in the Biscuit Industry:
- Increasing demand for vitamin, fibre and mineral enriched biscuits
- Rising demand for vegan and plant-based alternatives
- Adoption of eco-friendly packaging
- Interest in unique and premium flavours
- Incorporation of ingredients and flavours from different cultures.
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Dietary Restrictions, and Product Quality Safety Impacts the Market Growth
Furthermore, increasing consistent product quality and safety is necessary, as any issues with contamination and product quality lead to recalls and damage brand reputation. For instance, July 2022, a product recall had announced for potential presence of plastic pieces in biscuits and snacks of Enjoy Life products, affecting market sale and slowing market growth. in addition, in July 2024, FDA released a product recall for cookies produced by C. Krueger's Finest Baked Goods, due to missing ingredient labels on packaging and has been given a Class II risk assessment by the FDA.
Product Innovation and Demand for Traditional Biscuits Gaining Traction
However, biscuits made with organic ingredients and traditional methods featuring exotic flavours such as eggs, milk, cumin and more are increasingly popular, due to regional and cultural differences among consumers, led key players to introduce new varieties of that catering consumers demand for authenticity and quality. For instance, in August 2024, ITC SunFest announced to launch super egg and milk biscuit, with the goodness of protein, offering nutrition along with delicious melt-in-the-mouth experience with a super crunch texture. In addition, in April 2022, Britannia announced the launch of Marie gold jeera in India, with jeera as a key ingredient, providing distinct taste and health benefits.
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North America Significantly Contributes Biscuit Market Attributed to Large Market Size
Furthermore, the Asia-pacific is witnessing significant growth, owing to increasing urbanisation and changing lifestyles, is escalating demand for ready-to-eat conventional food for local flavours such as spices in India and matcha flavour in Japan, offering numerous growth opportunities to key players, resulting in substantial growth in market size due to broad consumer base.
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Regions | Countries |
---|---|
North America | United States, Canada |
Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Central America Countries, Caribbean Countries, Rest of Latin America |
Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Poland, Netherlands, Switzerland, Belgium, Sweden, Austria, Norway, Denmark, Czech Republic, Rest of Europe |
Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Singapore, Malaysia, Philippines, Vietnam, Thailand, Bangladesh, Rest of Asia Pacific |
Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Turkey, Morocco, Ethiopia, Algeria, Israel, Iran, Iraq, Kenya, Rest of MEA |
Biscuit Market Research Report Covers In-depth Analysis on:
- Biscuit market detailed segments and segment-wise market breakdown
- Biscuit market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in biscuit industry)
- Current, historical and forthcoming 10 years market valuation in terms of biscuit market size (US$ Mn), volume (Tons), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Biscuit market demand analysis
- Biscuit market pricing analysis over forecast period (by key segment and by region)
- Biscuit market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in biscuit market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in biscuit market
- Biscuit market sales and distribution strategies
- A comprehensive overview of parent market
- A detailed viewpoint on biscuit market forecast by countries
- Mergers and acquisitions in biscuit market
- Essential information to enhance market position
- Robust research methodology