The new report by Expert Market Research titled, ‘Global Savoury Biscuits Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global savoury biscuits market, assessing the market based on its segments like ingredients, categories, and distribution channels, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 90%
The global savoury biscuits market is being driven by the rising demand for clean-labelled, tasty, and healthy snacks in order to beat the junk cravings, boost the brain power, and decrease the risk of chronic diseases, such as diabetes. In addition, the rapid development of supermarkets/hypermarket, convenience stores, and retail stores is likely to expand the reach of the product among the working-class population. This factor will further propel the sales of the product in the forecast period. Geographically, the Asia Pacific accounts for a significant share in the market owing to the rising population and thriving economy in countries like India, China, and Philippines, among others.
Industry Definition and Major Segments
Savoury biscuits refer to salty or spicy biscuits which are consumed as a snack. Savoury biscuits are considered healthier than traditional biscuits owing to the low levels of fat and sugar present in them. Moreover, savoury biscuits can vary in different shapes, sizes, and flavours, and can be made of wheat or multigrain.
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On the basis of ingredients, the market has been segmented into:
Based on category, the market has been classified into:
- Gluten free
The market segmentation based on distribution channel is as follows:
- Speciality stores
- Convenience stores
- Online retail
The regional markets for savoury biscuits include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The growing R&D activities in the savoury biscuits market aimed towards enhancing the flavours and reducing the fat and sugar content in order to make it healthier are anticipated to be the key trends in the market. This is likely to result in the production of savoury biscuits with innovative flavours, thereby, propelling its popularity among the significant portion of the population. Meanwhile, the rapid expansion of the e-commerce industry is likely to aid the market owing to the changing preference of consumers towards door-step delivery. Furthermore, the growing popularity of savoury biscuits as an alternative to bread-based products will augment the market growth in the forecast period.
Key Market Players
The major players in the market are Nestle S.A., Kellogg Company, Britannia Industries Limited, ITC Limited, Parle Products Private Ltd. (PPPL), Kambley SA, and Lotus Bakeries NV, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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