27-Jul-2018 | Zion Market Research
Zion Market Research has published a new report titled “Biscuit Market By Product (Sweet Biscuits, Savory, Crackers, Filled/Coated, And Wafers), By Source (Wheat, Oats, Millets, And Others), By Flavor Type (Plain, Chocolate, Sour Cream, Cheese And Spiced, Fruits & Nuts, And Others), and By Distribution Channel (Supermarket/Hypermarket, Convenience Store, Specialty Store, And Online Retail): Global Industry Perspective, Comprehensive Analysis And Forecast, 2017– 2024”. According to the report, the global biscuit market was valued at around USD 77.23 billion in 2017 and is expected to reach approximately USD 105 billion by 2024, growing at a CAGR of around 4.5% between 2018 and 2024.
Biscuit is a small baked product. The origin of the word biscuit is from the Latin word ‘bis coquere’ which means cooked twice. Biscuit is soft baked bread which is crisp or firm. It is also called cookies in some regions. Biscuit differs from other baked cereal products such as bread and cakes. The moisture content in biscuit is less as compared to the bread and cakes. Biscuit typically have 1-5% moisture content whereas bread has 35-45% and the cake has 15-30%. Low moisture content ensures that biscuit is free from microbial contamination and spoilage. Biscuit can have a long shelf life if they are prevented from absorbing moisture.
Browse the full "Biscuit Market By Product (Sweet Biscuits, Savory, Crackers, Filled/Coated, And Wafers), By Source (Wheat, Oats, Millets, And Others), By Flavor Type (Plain, Chocolate, Sour Cream, Cheese And Spiced, Fruits & Nuts, And Others), and By Distribution Channel (Supermarket/Hypermarket, Convenience Store, Specialty Store, And Online Retail): Global Industry Perspective, Comprehensive Analysis And Forecast, 2017– 2024" report at https://www.zionmarketresearch.com/report/biscuit-market
The main ingredients used for manufacturing biscuits are fat, sugar, and flour. Water is required during the dough mixing stage which is removed during the baking process. However, water plays an important role in biscuit making. The basic steps involved in biscuit making are dough mixing, formation, backing, and cooling. The process of formation varies from product to product. There are three processes used in the formation of biscuit such as cutting or stamping, rotary molding, and extruding.
On the basis of the type of product, the biscuit market can be classified into savory, sweet biscuits, crackers, wafers, and filled/coated. On the basis of source, the biscuit market is classified into millets, oats, wheat, and others. On the basis of flavor, the market can be classified into fruits & nuts, chocolate, plain, cheese & spiced, sour cream, and others.
The market can be segmented on the basis of the distribution channel as a convenience store, supermarket/hypermarket, online retail, and specialty store. Supermarket & hypermarket segment is having advantages over other channels due to increasing acceptance among consumers owing to the availability of different types of biscuits under one roof, easy accessibility, the vast range of products offered at discounted price.
The Asia Pacific anticipates being the dominant region for the biscuit market in the near future. This is likely due to the huge customer base developed for bakery products. Moreover, biscuits are consumed on large scale as an alternative for bread and confectionery food products. Increasing per capita consumption in developing countries such as China and India is driving the growth of the biscuit market in the region. Europe is projected to lead the biscuit market in terms of revenue after the Asia Pacific. This is mainly due to the increasing demand for healthy snacks, new flavors, shapes, and technologies. North America is anticipated to be the prominent region after Europe. North America biscuit market is anticipated to show significant growth due to increasing preference for convenience and snacking in the region attributed to changing lifestyle. The Middle East & Africa is likely to show moderate growth due to the growing middle-class population and increasing disposable income.
Some of the key companies have been investing in technological advancement, maintaining standards, and product innovation in order to retain their dominance in the market. Key players operating in this market are Lotus Bakeries NV, ITC Limited, Campbell Soup Company, Dali Food Group Co, Ltd., National Biscuit Industries LTD SAOG, Nestle SA, Kraft Foods Group, Inc., Britannia Industries Limited, The Kellogg Company, Mondelez International, Inc., Burton's Biscuit Company, and others.
This report segments the global biscuit market as follows:
Global Biscuit Market: Product Type Segment Analysis
Global Biscuit Market: Source Type Segment Analysis
Global Biscuit Market: Flavor Type Segment Analysis
Global Biscuit Market: Distribution Channel Segment Analysis
Global Biscuit Market: Regional Segment Analysis
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