According to a recent report, the global cookies market size is projected to reach USD 44.01 billion by 2025 with a CAGR of 5.3% over the forecast periods. Rising product demand and popularity of on-the-go snacks in developed markets of Germany and U.K. are anticipated to remain the prominent driving factors for the market in the forthcoming years. Increasing demand for gluten-free cookies as an alternative to conventional counterparts owing to rising occurrence of glutamic disorders is also offering development opportunities for the global market.
The Covid-19 lockdown induced a huge demand for healthy cookies such as honey oatmeal, multigrain, oatmeal digestive cookies, and muesli. Given the unprecedented times, focus on hygiene and health has provided an impetus to the trusted snacking brands for wellbeing and nourishment. As the pandemic pushed more people to work from home – a trend in market demand is set to continue in the future. Furthermore, rapid urbanization along with increasing disposable income levels in emerging economies, such as China and India, is projected to boost the product demand.
Cookies Market Report Highlights
• Bar cookies segment generated the major revenue of USD 10.14 billion in 2018. New product launches by companies, including Dunkin and Oreo, through online channels and supermarkets is likely to open growth avenues for the market.
• Offline channel is expected to emerge as the largest distribution channel segment by 2025, owing to the high visibility of convenience stores and supermarkets as the key selling channels in developing economies such as China and India.
• North America dominated the market in 2018 due to the rising consumption of sandwich biscuits, particularly among working class population in the U.S. and Canada.
• Development of products in chocolate and fruit extract variants is projected to remain one of the key strategies among these manufacturers
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Cookies Market Segmentation
Grand View Research has segmented the global cookies market on the basis of product, distribution channel, and region:
Cookies Product Outlook (Revenue, USD Billion, 2015 – 2025)
• Bar
• Molded
• Rolled
• Drop
• Others
Cookies Distribution Channel Outlook (Revenue, USD Billion, 2015 – 2025)
• Offline
• Online
Cookies Regional Outlook (Revenue, USD Billion, 2015 – 2025)
• North America
• U.S.
• Mexico
• Canada
• Europe
• Germany
• The U.K.
• Asia Pacific
• China
• India
• Japan
• Central and South America
• Brazil
• Middle East & Africa
• South Africa
List of Key Players of Cookies Market
• Kellogg Company
• Nestlé S.A.
• PepsiCo, Inc.
• Britannia Industries Ltd.
• The Campbell Soup Company
• Mondelēz International, Inc.
• Danone S.A.
• Parle Products Private Limited.
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