Cookies Market to Capture a CAGR of 6.43% Between 2022 and 2030 While Touching Approximately USD 45.4 Billion by 2030 (MRFR)
Cookies Market Research Report Information By Type (Bar Cookies, Molded Cookies, Rolled Cookies, Others), Packaging (Rigid, Flexible, Others), Distribution Channel (Store Based, Non-Store Based), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030 By MRFR
New York, April 26, 2023 (GLOBE NEWSWIRE) -- *Cookies* *Market Overview:*
According to a Comprehensive Research Report by Market Research Future (MRFR), “*Cookies Market** Research Report Information by Type, Packaging, Distribution Channel, And by Region – Market Forecast Till 2030*”, the Cookies market is projected to grow USD 45.4 Billion by 2030, CAGR of 6.43% By 2022 – 2030.
*Market Scope:*
Due to the rising need for unique and inventive cookie varieties, there has been a steady demand in the market. The introduction of new flavors and packaging has increased demand among the younger population, which is one of the primary market factors boosting market growth.
Competitive Dynamics: To diversify their product portfolios, the key market players are spending a lot of money on R&D, which will propel the market for Cookies even higher. Market participants are engaging in a variety of strategic measures to strengthen their presence alongside substantial market development such new product releases, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other companies. Competitors in the cookies market must provide reasonably priced items if they want to develop and prosper in a market environment that is getting more competitive and expanding. In order to grow and thrive in a more cutthroat and competitive market climate, competitors in the cookies sector must provide products that are affordable.
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*Report Scope:*
*Report Attribute* *Details*
2030 Market Size USD 45.4 Billion
CAGR 6.43% (2022–2030)
Base Year 2021
Forecast Period 2022-2030
Historical Data 2018 & 2020
Forecast Units Value (USD Million)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered By Type, Packaging, Distribution Channel, and Region
Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Market Drivers Ready-to-use Snacks Among Consumers Increase in Demand as per the Changing Lifestyle and Population
Growth in the number of cafes Cookie manufacturers are experimenting with new flavors and ingredients
*Key Companies in the Cookies market includes*
· Mondelēz International
· Britannia Industries
· Jiashili Group Limited
· Nestlé SA
· Burton's Biscuit Company
· Lotus Bakeries NV
· Leibniz-Keks
· Kellogg Co
· Kraft Foods Mars Inc.
· United Biscuits
· Want Want Group among others
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*Market USP:*
*Market Drivers*
The sales figures for cookies will raise interest in oat and digestive cookies. Due to the changing lifestyles and demographics, there will be an increase in the demand for gluten-free cookies. Numerous cookie varieties, such as oatmeal and oatmeal raisin cookies, frequently contain oats, and digestive cookies are sometimes positioned as a healthy alternative. As more individuals embrace gluten-free diets for health reasons or owing to gluten sensitivity, the demand for gluten-free cookies is also anticipated to rise. It is anticipated that this trend, which has been gaining momentum in recent years, will persist. The demand for gluten-free cookies is projected to rise as more people become aware of the health advantages of such goods.
The enormous population, changing flavors and lifestyles, innovations in taste, form, and packaging, as well as worries about health and safety, are some of the key drivers driving the cookies market study. Additionally, consumer desire for uncommon supplemental ingredients also influences the growth of the cookies industry. Cookie makers are experimenting with new tastes and ingredients to satisfy consumer demands. Therefore, these cookie-related variables have recently increased the CAGR of the global cookies market.
*COVID-19 Analysis:*
Due to the lack of necessary human labor and tight travel restrictions throughout the world, the COVID-19 pandemic epidemic since December 2019 has significantly impacted the growth of the global cookies marketAdditionally, a number of industries were negatively impacted by unexpected firm closures and social segregation legislation, which in turn had an impact on the worldwide cookies market.
*Market Segmentation:*
*Type Insights*
In terms of revenue, the Bar cookies market category led the Cookies market in 2021. The most popular variety of cookie and the one with the biggest market share are bar cookies, which come in well-known flavors like chocolate chip and oatmeal raisin.
*Packaging Insights *
The majority of the revenue generated by the Cookies market in 2021 came from the Rigid category. Many producers prefer rigid packaging because it safeguards the cookies and keeps them fresh and preserves their form and texture.
*Distribution Channels Insights:*
In 2021, the store-based category led the market, and it is anticipated that throughout the projection period, 2022–2030, it would grow more quickly than any other segment. Store-based distribution channels are more prevalent since they make it simple for customers to access and make purchases.
*Browse In-depth Market Research Report (110 Pages) on Cookies Market:* *https://www.marketresearchfuture.com/reports/cookies-market-1924*
*Regional Analysis:*
One of the biggest markets for cookies is in the Asia Pacific region, which is predicted to continue to lead the market over the projected period. Major contributors to the market expansion in this area include China, India, Japan, and Australia. The Asia Pacific region's cookie market is mostly driven by factors including rising disposable incomes, changing consumer habits, and expanding population. The desire for simple, ready-to-eat food items like cookies is also being driven by expanding urbanization and the number of working women. Additionally, the area is home to several small and medium-sized businesses that produce and distribute a wide range of cookies in order to satisfy the various tastes and preferences of customers. The market is also driven by the high number of multinational corporations that are based in the area and have a significant presence there.
The third-largest market share belongs to the European cookie market. Demand for healthier and organic cookie choices is being driven by shifting consumer lifestyles and rising health consciousness. Additionally, the UK's cookies market grew the quickest in the European area, while Germany's cookies market had the greatest market share.
The second-largest market for cookies is anticipated to be in North America. The Asia Pacific area leads the cookie market, with North America coming in second. Some of the main reasons influencing the growth of the cookie market in North America are the rising demand for convenience meals, consumers' high spending power, and the existence of significant players in the industry. Additionally, the area has a robust e-commerce industry, which is fueling an increase in cookie sales online. The market is also driven by the high number of multinational corporations that are based in the area and have a significant presence there. In addition, the North American region's cookies market in the U.S. had the biggest market share, while the market in Canada had the quickest rate of expansion.
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