Global Sweet Biscuits Market: Overview
Biscuits (other than cookies or macaroons), are eaten as a snack or treat rather than a complete meal, and are usually sweet, small enough to be consumed with a hand. Bread was cooked twice to extract all its moisture and, once hard, would be suitable for consumption for months to come. The bread is made from the Latin word biscoctum, meaning "twices cooked." The price of the biscuit as a basic and nutritional food is rather low, easy to find and easy to eat, and it is high and lasting, making it preferable for snacking. Each economic section around the world needs and uses plain sweet biscuits; the growth rate is expected to grow consistently. Every day, new product and attractive packaging influence the growth of the sweet biscuits market.
The report on the global sweet biscuits market offers promising insights into this industry, with focus on the latest trends that will have an influence on the dynamics of the global market. The study elucidates on some prominent developments in the industry will impact the global sweet biscuits market in coming years.
Global Sweet Biscuits Market: Notable Developments
Prominent developments that are likely to impact the global sweet biscuits market in the coming years are:
- Beloxxi Launches New Product Line
Vice President Yemi Osinbajo ordered the second phase of Beloxxi's expansion in Agbara (State Ogun) in February 2018 and also laid the basis for the third phase. The extra production lines from Beloxxi would be used to make other biscuits outside the family of crackers. Variations of cookies simply known as sweet biscuits are also available. The company will shortly announce the new products which will help to ensure the Beloxxi brand dominance in the industry.
- United Biscuits Acquires Stake in A&P Foods
United Biscuits has acquired a stake in A & P Foods. In the booming Nigerian biscuits market, the acquisition consolidated its position.
- McVities Partner with British Tokyo 2020 Olympic Games
The popular UK biscuit brand, McVities has signed a partnership agreement with the Olympic Games of 2020 as its official partner. The brand will be an important part of consumer promotion activities.
Leading vendors in the global sweet biscuits market are Britannia Industries Ltd, The Campbell Soup Company, Parle Products Ltd, Mondelez International, Nestle, The Kellogg Co., and Kraft Foods Group Inc.
Global Sweet Biscuits Market Dynamics
Burgeoning Retail Sector Boosts Growth
The growing ease and comfort in acquiring food, i.e. new purchasing methods, such as virtual supermarkets and mobile phone shopping, become popular thanks to consumption. Consumers can buy food directly at any place during the day from cell phones. The biscuit market is rising in developing countries with increasing morded retail formats such as supermarkets / hypermarkets. Increasing online retail is also the leader to enhance customer base for sweet biscuit manufacturers.
Indulgence and Healthy Living to Go Hand-in-Hand
Sweet biscuits (snack bars) and fruit snacks are playing a significant role in the “Health and Wellness” halo. This is demonstrated by the strong performance of the Fruit Bowl fruit snacks brand. They involve the health-conscious consumer by using their low-fat fruit flakes, contain only natural colors, and more importantly, no addition of sugar. Health trends are also seen with natural ingredients in brands like Nakd, Nature Valley, and Eat Natural snack bars, which people looking for more holistic nutrition are increasingly sought after.
Europe, Asia Pacific to be Key Regional Markets
Europe is a leading supporter of the global sweet biscuits market on account UK's snacking and high tea culture. Many consumer bases for bakeries such as biscuits have been developed as an alternative for bread and cupcakes in Asia Pacific. For top quality brands, manufacturers try the product flavors and introduce limited edition cookies to promote Asia-Pacific, a fast growing market.
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- North America (U.S. and Canada)
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- Middle East and Africa (GCC, Southern Africa, and North Africa)
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