Receta Cookies and Crackers Market Size, Segments, Share and Growth Factor Analysis Research Report 2028

• The global cookies and crackers market size is expected to gain momentum owing to its increasing demand for convenience food during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Cookies and Crackers Market, 2021-2028.” The industry is leading by customer demand for convenient snacking combined with nutritional components. The industry is seeing continuous launches of improved compositions in basic products like premium range, reduced fat, gluten-free, low carb, unprocessed, and high in fiber biscuits to increase profitability. For instance, in January 2020, Bonn Group of Industries produced crackers biscuits in three varieties in India under its premium American range to broaden its biscuit portfolio.
• COVID-19 Impact-
• Supply Chain Disruption to Hamper the Market Growth
• Due to lockdowns, travel bans, and business closures, the COVID-19 epidemic has impacted economies and businesses in a number of countries. Due to factory closures, supply chain obstacles, and the global economic downturn, the general market breakdown caused by COVID-19 is also harming the market’s growth.
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• Segments-
• By cookies type, the market for cookies and crackers is segmented into sandwich cookies, bar cookies, pressed cookies, and others. On the basis of cracker type, the market is segmented into graham crackers, cream crackers, sandwich crackers, and others. On the basis of distribution channels, the market is segregated into supermarkets, hypermarkets, convenience stores, specialty stores, and online stores. Finally, by geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
• What does the Report Offer?
• The report for cookies and crackers examines the market size, characteristics, and growth and segments the market based on type, application, and consumption area. The research also describes the major firms and introduces players in the industry from the industry chain and marketing chain standpoint.
• Drivers & Restraints-
• Increasing Demand for Gluten-Free Biscuits to Stimulate Growth
• Gluten-free processed food such as bread, crackers, and biscuits have seen a significant increase in demand in recent years, particularly in Asia-Pacific. India has the world's largest population of celiac disease patients, yet the number of gluten-free food products accessible in India is limited; thus, there is a vast market for gluten-free products in India. The increasing demand for gluten-free biscuits is expected to boost the global cookies and crackers market growth during the forecast period. For instance, Biscuit International, a private label biscuit manufacturer, purchased Northumbrian Fine Foods (NFF) from CriSeren Foods to expand its product portfolio and global reach and become Europe's largest maker of gluten and dairy-free private label biscuits.
• REGIONAL INSIGHTS
• Largest Producer and Exporter of Cookies in Europe to Augment Growth
• Europe is expected to hold the largest global cookies and crackers market share during the forecast period. This is due to the rising demand for convenience food combined with nutritious ingredients in the region. The growing demand for baked items and savory crackers is expected to impact the region positively. Countries such as England, Germany, Italy, France, and Belgium are major exporters of Cookies.
• Asia Pacific is anticipated to hold a significant position in the market. This is due to the rapid urbanization and changing consumer preferences in the region. Consumers are increasingly demanding healthy snacks due to the change in their lifestyle, which is expected to boost the market.
• Competitive Landscape-
• Manufacturers to Focus on R&D Investments to Offer Advanced Products
• The market for cookies and crackers is extremely competitive, with essentially no entry barriers due to the product's near-complete penetration. A slew of high-end, functional biscuits has recently reached the market, giving the industry heavyweights a run for their money. Major firms are working on providing new product offers to the market in order to meet consumer interests based on their current tastes and preferences.
• Industry Development-
• March 2021: Mondelez International acquired Gourmet Food Holdings Pty Ltd, an Australian food firm that makes gourmet biscuits and crackers. Mondelez gains expanded snacking leadership in Australia and New Zealand as a result of this transaction.
• List of Key Players Profiled in the Global Market for Cookies and crackers:
• Parle Products Private Limited
• The Kellogg Company
• Britannia Industries Limited
• United Biscuits Limited
• Mondelez Internantional
• Campbell Soup Company
• The Hain Celestial Group
• General Mills
• Nestle S.A.
• PepsiCo
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