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According to our latest market study on “Global Biscuits Market to 2027 – Covid-19 Impact and Analysis and Forecast by Type (Sweet, Savory, Crackers, Filled, Wafers, and Others); Packaging (Pouches/Packets, Boxes, and Jars); Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others); and Geography,” The biscuit market was valued at US$ 76,886.00 million in 2018 and is projected to reach US$ 111,079.29 million by 2027; it is expected to grow at a CAGR of 4.2% from 2019 to 2027.
The report highlights key factors driving the market growth, and prominent players and their developments in the market.
Biscuit is small bread made from a mixture of flour, sugar or salt, butter or vegetable shortening, and baking powder as a leavening agent. There are a variety of biscuits available in the market, such as sweet, savory, digestive, and filled biscuits. The global biscuits market, by packaging, has been segmented into pouches/packets, boxes, and jars. In 2018, the pouches/packets segment dominated the global biscuits market. Biscuit packaging is mainly done to present the product in an attractive way; display the biscuit type, ingredients, and weight; retain the freshness and flavor for longer shelf life; protect products from external harm; etc. Packing biscuits in pouches or packets adds aesthetic attributes that appeal to the customers or helps in easy recognition. The plastic pouches or packets were introduced for the first time in 1958 in the snack market; they were composed of laminated plastic layers and aluminum to prevent air and light from entering as well as to increase the shelf life.
Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis. https://www.theinsightpartners.com/sample/TIPRE00007544/
The COVID 19 outbreak has been affecting economies and industries in various countries such as China, Italy, Iran, Spain, republic of Korea, France and many others. The global food and beverage industry is amongst the major industries that is suffering serious disruptions such as supply chain breaks, technology events cancellations, office shutdowns etc. as a result of this outbreak. For instance, China is the global hub of manufacturing and largest raw material supplier for various industries and it is also one of the worst affected countries. The lockdown of various plants and factories in China is affecting the global supply chains and negatively impacting the manufacturing, and sales of various food and beverage. All these factors are anticipated to affect the food and beverage industry in a negative manner and thus act as restraining factor for the growth of various markets related to this industry in the coming months
The key players covered in this study
• Britannia Industries Limited. • Burton’s Biscuit Company • ITC Ltd • Kellogg Company • Lotus Bakeries NV • Mondelez International, Inc • Nestlé S.A • United Biscuits (UK) Limited • Parle Products Pvt. Ltd • Walkers Shortbread Ltd
• Sweet • Savory • Crackers • Filled • Wafers • Others
Biscuits Market – By Distribution Channel
• Supermarkets and Hypermarkets • Convenience Store • Online Retail • Others
The research methodology involves the collection of information by research analysts who then filter this information and study it thoroughly to provide estimates and predictions for the industry. Both primary and secondary approaches to data collection have been used for the same. Interviews of leading market influencers, and views and opinions of renowned people in the industry are also incorporated.
The market methodologies adopted in the report offer precise data analysis and provide a tour of the entire market. In addition to these, publicly available sources such as SEC filings, annual reports, and white papers have been used by data analysts for an insightful understanding of the market. The research methodology clearly reflects an intent to extract a comprehensive view of the market by having it analysed against many parameters. The valued inputs enhance the report and offer a competitive advantage to the readers.
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The Biscuits Market Company Profiles are individually represented for all major participants and indices such as Financial Performance, Strategic Initiatives, Product Portfolio & Company Overview.
Company overview provides the information about location of the company where it is headquartered along with the established year, employee strength as of 2017, regions where the company is operating and the key business areas.
Overall company/segment revenue for the year 2019, 2018, and 2017 is provided in the sub title “Financial Performance” (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers & acquisition, profit or loss in any strategic business unit (SBUs) and others.
Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.
Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in market are covered under strategic initiatives section.
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The report also covers a detailed chapter of the analysis on COVID-19 impact on this market at global and regional level in our final reports.
This research provides detailed information regarding the major factors influencing the growth of the Biscuits Market in Global and Regional Level (drivers, restraints, opportunities, and challenges), forecast of the market size, in terms of value, market share by region and segment; regional market positions; segment and country opportunities for growth; New product developments, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats from current competition and prospects; Key company profiles, SWOT, product portfolio and growth strategies.
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