The global cookies market size is expected to witness a significant boost during he forecast period of 2023-2030, driven by the widespread love and consumption of this popular snack worldwide. This key insight comes from Fortune Business Insights’ report titled “Cookies Market Size, Share, Growth and Forecast Report, 2023-2030.
Leading Players Featured in the Cookies Market Research Report:
- Mondelez International
- Danone S.A.
- United Biscuits
- ITC
- HUL
- Patanjali
- Kellogs Co.
- Britannia Industries Ltd.
- Nestle
- Parle Products Pvt. Ltd.
- The Campbell Soup Company
Report Coverage:
The report offers a detailed study of the market and a keen examination of the major segments of the market. It provides an in-depth analysis of key players and their insightful strategies to spur the market growth for monetary gains. It also shares tangible insights which guide business owners with their investment perspective. The regional dynamics and how they shape the market in an upward curve are presented in the following report. Moreover, COVID-19 impacts have been added for additional information and how it is expected to affect the demand for cookies in the near future.
Drivers and Restraints:
Rising Consumer Spending on Bakery Goods to Spur Growth
Since individuals can readily find cookies at their local shops and stores, a wider distribution channel such as retail stores also contribute to the market growth for cookies. By increasing consumer spending on bakery goods as a result of the leading companies’ varied branding initiatives, the market for biscuits is made more popular and in demand. Due to the urban population’s culture shift toward a preference for breakfast in the morning, the global market for cookies is predicted to expand.
The market for cookies is growing, but competition from other snacks including chips, fruit, and many others is stifling its expansion.
Cookies Market Segmentation:
By Product Type
- Bar Cookies
- Sandwich Cookies
- Molded Cookies
- Pressed Cookies and other
By Packaging
- Rigid Packaging
- Flexible Packaging
By Distribution channel
- Retailer
- Shopping Malls
- Specialty Stores
- Hypermarkets and others
By Geography
- North America
- South America
- Asia Pacific
- Europe
- Africa and the Middle East
Cookies Market Regional Insights:
Europe to Dominate Backed by Substantial Production of Confectionary Goods
Europe is expected to dominate the cookies market share owing to its significant production and export of confectionery products to other countries. Conversely, the thriving sales in the Brazilian baking industry are projected to drive growth in the Latin American market. For instance, in 2018, the Brazilian baking sector recorded sales of nearly USD 30 billion, as reported by the U.S. Department of Commerce.
Sweets Bakes Asia forecasts a 12% expansion in the Asia Pacific confectionery market between 2015 and 2020. This surge in the confectionery industry is expected to stimulate growth in the Asia Pacific region.
Competitive Landscape:
Innovative Product Launch Announcement by Key Players to Bolster Cookies Market Growth
The prominent players adopt several strategies to bolster their position in the market as leading companies. One such key strategy is acquiring companies to bolster the brand value among users. Another essential strategy is periodically launching innovative products with a detailed study of the market and its target audience.
Cookies Key Industry Development:
- January 2020: Nestle launches Edible Funfetti cookie dough brownie batter having all familiar flavors.
Browse Detailed Reseach Report Summary:
https://www.fortunebusinessinsights.com/cookies-market-102558
