Global Biscuits Market Outlook

The chart displays data for global biscuits market for the years 2018 to 2032, wherein the market size was usd 110.2 billion in the year 2022, and the cagr was estimated to be 4.5% during the forecast period 2023 to 2030.the global biscuits market has witnessed significant demand and growth in recent years. biscuits are a popular snack consumed by people of all age groups across the globe. the market has been driven by several factors, including changing consumer lifestyles, increasing disposable incomes, and product innovation. one of the key drivers of the global biscuits market is the convenience and portability offered by biscuits as a snack option. biscuits are easy to carry, have a longer shelf life, and require no preparation, making them a convenient choice for on-the-go consumption. the busy and hectic lifestyles of consumers have led to an increased demand for such convenient snack options, driving the growth of the global biscuits market. moreover, biscuits are available in a wide variety of flavors, shapes, and sizes, catering to the diverse preferences of consumers. manufacturers are introducing innovative and unique flavors to attract consumers and offer a differentiated product range. this product diversification has further expanded the market and contributed to its growth. additionally, the growing popularity of snacking between meals has also boosted the demand for biscuits. biscuits are viewed as a versatile and satisfying snack that can be consumed at any time of the day. the demand for biscuits as a quick snack option has surged, particularly among urban populations and younger consumers. furthermore, the increasing consumer awareness about health and wellness has led to a growing demand for healthier biscuit options. manufacturers are responding by introducing biscuits with lower sugar content, whole grain ingredients, and natural additives. health-conscious consumers are opting for these healthier variants, contributing to the growth of the global biscuits market. the market is also influenced by factors such as globalization, urbanization, and the adoption of western eating habits in many regions. as consumers are exposed to a wider variety of biscuits from different cultures and countries, their preferences and demand for biscuits expand. in conclusion, the global biscuits market is experiencing strong demand due to factors such as convenience, product diversification, snacking trends, health consciousness, and globalization. as consumers continue to seek tasty and convenient snack options, the demand for biscuits is expected to grow in the coming years.