The global savory biscuit market is expected to rise at a strong 3.28% CAGR over the forecast period from 2020 to 2027, according to the latest research report from Market Research Future (MRFR). The global savory biscuit market is expected to rise to a valuation of USD 66 billion by 2027, according to the report. The global savory biscuit market is mainly driven by the growing demand for sugar-free biscuits and gluten-free biscuits, according to the report. The report presents a detailed overview of the global savory biscuit market outlook, including a detailed review of the market’s major drivers and restraints, the leading players operating in the global market, and the key segments within the savory biscuit market expected to dominate the market over the forecast period. Major players operating in the global savory biscuit market are also profiled in the report to give readers a complete overview of the competitive landscape of the market.
Savory biscuits are made from various types of flour, including wheat flour, oats, millets, and multigrain flours. They can be made gluten-free by employing certain practices during the manufacturing. Savory biscuits have grown in demand due to the growing demand for sugar-free biscuits around the world. Sugar-free biscuits present various benefits, including the fact that diabetics can eat them. This has expanded the customer range for savory biscuits. This is likely to remain a major driver for the global savory biscuit market over the forecast period. The increasing prevalence of gluten intolerance and celiac disease has also driven the demand for gluten-free savory biscuits over the last few years. This is likely to remain a major driver for the global savory biscuit market insights over the forecast period, as the prevalence of gluten intolerance is likely to grow over the forecast period.
The increasing use of online selling channels for savory biscuits is likely to remain a major driver for the global savory biscuit market. Due to the ease of packaging cooked biscuits, online shopping channels have become popular among savory biscuit manufacturers in recent years. Online shopping channels allow the users to order the savory biscuits from the convenience of their own homes, making them popular among consumers. This is likely to remain a major driver for the global savory biscuit market over the forecast period.
Competitive Leaderboard:
Leading players in the global savory biscuit market include Kambly SA, PepsiCo, Annie’s Homegrown Inc., Patanjali Ayurved, Kellogg Co., Walkers Shortbread Ltd., Lotus Bakeries NV, Burton’s Foods Ltd., Nestle SA, Pladis Global, Britannia, Parle Products Pvt. Ltd., The Kraft Heinz Company, Mondelez International, and ITC Ltd. Major players in the global savory biscuit market are likely to focus on product diversification and innovation in the coming years in order to come up with winning products. Coming up with savory biscuits of various flavors is likely to remain a key competitive tactic among players in the savory biscuit market.
Segmentation:
The global savory biscuits market has been segmented based category, ingredients, distribution channel, and region.
The global savory biscuits market has been classified, based on category, into gluten-free and conventional. The conventional segment holds the largest share in the global savory biscuits market.
The global savory biscuits market has been divided, based on ingredients, into wheat, oats, millets, multigrain, and others.
The distribution channel in the global savory biscuits market has been divided into store-based and non-store-based. The store-based segment has been further bifurcated into supermarket hypermarket, convenience store, and others. Store-based distribution dominates the global savory biscuit market, but non-store-based distribution is likely to grow at a higher rate over the forecast period.
Regional Analysis:
Asia Pacific is likely to dominate the global savory biscuits market over the forecast period due to the high demand volume in the region. North America is likely to exhibit the highest growth rate over the forecast period due to the growing demand for gluten-free and sugar-free biscuits.
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