The global healthy biscuits market size is expected to reach USD 3.0 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.0% over the forecast period. Rising demand for healthy snacks, coupled with high per capita food consumption, especially in developing countries such as India and China, is contributing to the growth of the global market. Rising awareness about health and fitness and growing preference for healthy snack products, especially among the working professionals and millennials, is a key driving factor.
Manufacturers
are actively indulging in the production of healthy biscuits in different
flavors to enhance the taste. For instance, Parle offers digestive biscuits
infused with the flavor of honey and oats, along with an aroma of cinnamon.
This scenario has led to a strong competition in the global market due to the
presence of a large number of international and local manufacturers. Owing to
rising health awareness and growing food safety concerns, consumers are
shifting to natural food products. Moreover, improved lifestyle and
introduction of advanced purchase methods such as online grocery shopping have
been fueling the market growth.
Online
distribution is gaining an increasing traction among the consumers of such
products. This category is anticipated to expand at a CAGR of 5.2% from 2019 to
2025. The online distribution channel is penetrating the market with e-commerce
platforms and growing usage of smartphone in daily life. Companies like
bigbasket.com and groffers.com are coming up with door-to-door delivery of
products, along with online display of a wide range of products. Moreover,
coupon offers provided by the online platforms are influencing the buying
behavior of the customers.
Functional
and digestive biscuits are expected to expand at the fastest CAGR of 5.5% from
2019 to 2025. The segment growth is primarily attributed to high demand for
healthy snack items having a high source of dietary fibers. These biscuits are
made of different nutrition rich ingredients such as oats, wheat, and multi
grains. India is anticipated to witness significant growth in this category.
The digestive biscuits market in India is majorly dominated by Britannia
Nutrichoice range. Some of the other prominent players operating in this
category include Parle NutiCrunch, McVities, and Tiffany.
Asia
Pacific is expected to expand at the fastest CAGR of 5.6% over the forecast
period. Spurring demand for convenient and healthy snack products is likely to
be a major factor driving the market in the region. The market in India is
marked by the presence of major players such as Britannia, Parle, and ITC,
wherein Nutrichoice by Britannia occupies about 70% in the premium health
biscuit category, followed by Sunfeast’s Farmlite range.
Full Research Report On Healthy Biscuits Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/healthy-biscuits-market
Further key
findings from the report suggest:
- The global
healthy biscuits market is expected to expand at a CAGR of 5.0% from 2019
to 2025 and reach USD 3.0 billion by 2025
- Asia Pacific
is estimated to be the fastest growing market, expanding at a CAGR of 5.6%
over the forecast period
- By
distribution channel, supermarkets/hypermarket generated a revenue of USD
1.2 billion in 2018
- Key market
players include Mondelēz International, Inc.; Pladis (United Biscuits);
Britannia; Parle Products Pvt. Ltd.; ITC Limited (Sunfeast); IFFCO
(Tiffany); and UNIBIC Foods India Pvt. Ltd.
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/healthy-biscuits-market/request/rs1
Grand View Research has
segmented the global healthy biscuits market on the basis of type, distribution
channel, and region:
Healthy Biscuits
Type Outlook (Revenue, USD Million, 2015 - 2025)
- Functional & Digestive
- Gluten-free
- Reduced Calorie
- Others
Healthy Biscuits
Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
- Supermarkets/Hypermarkets
- Convenience Stores
- Online
Healthy Biscuits
Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- India
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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