Global Biscuit Market Is Expected to Reach USD 154.86 billion by 2028 : Fior Markets
Biscuit Market by Type (Sweet, Crackers &Savory Biscuits), Distribution channel (Online Retailers, Independent Bakery, Convenience Stores, Supermarket/Hypermarket and Others), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2021 to 2028
May 27, 2021 19:00 ET
| Source:
Fior Markets
Fior Markets
Pune, INDIA
Newark, NJ, May 27, 2021 (GLOBE NEWSWIRE) -- As per the report published by Fior Markets, the
global biscuit market is expected to grow from USD 105.7 billion in 2020 and to reach USD 154.86 billion by 2028, growing at a CAGR of 4.89% during the forecast period 2021-2028.
The biscuit market has witnessed significant growth in the past years. This growth is attributed to the increasing awareness and shifting of consumer preference and interests towards biscuit products that are free from preservatives, fat-free, free from genetically modified organisms, low in calories, free hormones and organic in nature. The customers prefer healthy snacks; hence the increased research and development in the market by the key players also boosted the market. Increasing fast-food chain, urbanization and increased disposable income in developing countries is further boosting the growth of the market.