Global Fortified Biscuit Market, By Ingredient Type (Wheat, Oats, Millets, Corn, Mixed Grain & Others), By Type (Plain Biscuits, Cookies, Sandwich Biscuits, Crackers & Others) By Distribution Channel (Supermarket/Hypermarket, Departmental/Retail Stores, Internet/Online and Others), Competition Forecast & Opportunities, 2016 – 2026
The Global Fortified Biscuit Market is projected to undergo substantial growth during the forecast period owing to the growing consumer demand for optimum nutrition and high fibre biscuits. Additionally, the rising demand for sugar free and low-calorie content, growing obesity around the world and increasing focus toward health and wellness are some key factors which are expected to propel the Global Fortified Biscuit Market in the coming years. Also, increasing concern about ingredients and changing lifestyle are other some important factors that are anticipated to fuel the demand for fortified biscuits globally.
The Global Fortified Biscuit Market is segmented based on ingredient type, type, distribution channel and region. Based on type, the market is segmented into plain biscuits, cookies, sandwich biscuits, crackers and others. The plain biscuits and cookies segment hold significant market share in the global fortified market owing to the increasing health consciousness among consumers. Also changing eating behaviour and rise in working class population is leading to the growth of baked plain biscuits and cookies market.
Based on distribution channel, the Global Fortified Biscuit Market is segmented into supermarket/hypermarket, departmental/retail stores, internet/online and others. The departmental stores segment holds the significant market share. However, the supermarket segment is undergoing high growth and is projected to undergo highest CAGR during the forecast period due to rapid urbanization. Consumers are now preferring to shop from supermarkets as they usually have huge variety of products to choose from.
Some of the major players operating in the Global Fortified Biscuit Market are Arnotts Biscuits Holdings Pty Limited, Annas pepparkakor AB, Burton’s Foods Ltd., Danone Group, Dali Group, Kraft Foods, Kellogg Co, Parle Products Pvt. Ltd., Nestlé SA., Britannia Industries Ltd., ITC and Lotus Bakeries NV. The major market players are involved in developing innovative products to enhance their quality and to bring more nutrient containing products.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2021-2026
Objective of the Study:
- To analyze and forecast market size of the Global Fortified Biscuit Market, in terms of value and volume.
- To define, classify and forecast the Global Fortified Biscuit Market on the basis of type, by ingredient type, by distribution and region.
- To scrutinize the detailed market segmentation and forecast the market size, in terms of value, on the basis of region by segmenting the Global Fortified Biscuit Market into five regions, namely, North America, South America, Europe, Asia Pacific and MEA.
- To identify tailwinds and headwinds for the Global Fortified Biscuit Market.
- To examine competitive developments such as expansions, new product launches, supply contracts, and mergers & acquisitions in the Global Fortified Biscuit Market.
- To strategically profile the leading players, which are involved in the supply of fortified biscuit globally.
TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of fortified biscuit manufacturers and suppliers globally. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include manufacturers that could not be identified due to the limitations of secondary research. TechSci Research analysed product offerings, distribution channel and regional presence of all major fortified biscuit suppliers across the globe.
TechSci Research calculated the market size for the Global Fortified Biscuit Market using a bottom-up approach, where manufacturers’ value data for different product type of (Plain Biscuits, Cookies, Sandwich Biscuits, Crackers & Others) Fortified Biscuit was recorded as well as forecast for the future years was made. TechSci Research sourced these values from the industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.
Key Target Audience:
- Global fortified biscuit manufacturers
- Global fortified biscuit suppliers
- Research organizations and consulting companies
- Organizations, associations and alliances related to fortified biscuit manufacturing
- Government bodies such as regulating authorities and policy makers.
- Industry associations
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders, such as fortified biscuit manufacturers, distributors, dealers and policy makers, which market segments should be targeted over the coming years (next five years) in order to strategize investments and capitalize on growth of the market.
In this report, the Global Fortified Biscuit Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Global Fortified Biscuit Market, By Type:
- Global Fortified Biscuit Market
- Plain Biscuits
- Sandwich Biscuits
- Global Fortified Biscuit Market, By Ingredient Type:
- Mixed Grain
- Global Fortified Biscuit Market, By Distribution Channel:
- Departmental/Retail Stores
- Global Fortified Biscuit Market, By Geography:
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- South America
- Rest of South America
- Saudi Arabia
- South Africa
- Rest of MEA
Company Profiles: Detailed analysis of the major companies present in the Global Fortified Biscuit Market.
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of direct and indirect sales channel.
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