NEW YORK, May 18, 2023 (GLOBE NEWSWIRE) -- IndexBox, a premier market research firm, has announced the release of its comprehensive new report on the global sweet biscuits, waffles, and wafers market. The in-depth study provides an incisive overview of the industry from a global perspective, complete with key statistics and forecasts until 2030.
The report presents a detailed analysis of the market's current dynamics and future prospects, fueled by the changing dietary habits, growing consumer preference for ready-to-eat food products, and innovative marketing strategies by leading companies. However, the market growth is not without its challenges; volatile raw material prices and stricter regulations on food safety and quality may hamper the market's growth trajectory.
One of the unique aspects of the report is its exploration of the factors affecting demand. The increase in urban population, higher disposable income, and the emergence of numerous e-commerce platforms offering a wide range of sweet biscuits, waffles, and wafers are some of the prime factors boosting the market's growth.
The global sweet biscuits and waffles market is a multifaceted industry, segmented by product, end-user, and region.
By Product Segment:
The product landscape is primarily divided into three segments: sweet biscuits, waffles, and wafers. Sweet biscuits, including cookies and cream-filled varieties, represent the largest segment due to their wide acceptance and popularity among consumers of all age groups. Waffles, available in different flavors, follow closely. The wafers segment, characterized by light, crisp biscuits often filled with cream or chocolate, is also seeing substantial growth due to its increasing use in desserts and as a snack item.
By End-User:
End-users are generally categorized into individual consumers, foodservice providers, and food processors. Individual consumers form the largest segment, driven by the popularity of these products as convenient and portable snack items. Foodservice providers, such as restaurants, cafes, and hotels, utilize sweet biscuits, waffles, and wafers as part of their menu offerings, contributing significantly to demand. Food processors use these products as ingredients or garnishes in a variety of foods, further stimulating the market growth.
By Region:
Regionally, the Asia-Pacific region dominates the market due to its vast population and increasing disposable income, leading to higher consumption of ready-to-eat food products. Particularly in countries like China and India, rapid urbanization and changes in lifestyle have resulted in a significant surge in demand. Europe, led by the UK, France, and Germany, represents another significant market, driven by traditional consumption patterns and innovative product offerings. North America, Latin America, and the Middle East and Africa also present considerable market shares, each with unique growth factors and consumption trends.
In conclusion, the global sweet biscuits and waffles market is dynamic and diverse, presenting ample growth opportunities across different segments, end-user categories, and regions. With changing consumer preferences and continuous product innovations, the market is poised for robust growth in the coming years.
The report also lists the top ten manufacturers dominating the industry, including Nestlé S.A., Mondelez International, Inc., Parle Products Pvt. Ltd., Burton's Foods Ltd., Lotus Bakeries NV, Britannia Industries Ltd., United Biscuits UK Ltd., ITC Limited, Campbell Soup Company, and Arnott’s Biscuits Limited.
For a free trial access to these market data and insights, visit the IndexBox platform at https://www.indexbox.io/store/world-sweet-biscuits-waffles-and-wafers-market-analysis-forecast-size-trends-and-insights/
Keywords: Sweet Biscuits, Waffles and Wafers Market, Food Processing Industry, Foodservice Industry, Market Analysis, Global Market Forecast, IndexBox.
