12-July-2019: The global cookies market
size is expected to reach USD 44.01 billion by 2025 with a CAGR of 5.3%,
according to a new report by Grand View Research, Inc. Rising product
popularity and increasing demand for on-the-go snacks in developed markets
including Germany and U.K. are expected to remain key driving factors for the
market over the forecast years. Increasing demand for gluten-free cookies as
alternatives to conventional counterparts due to rising concerns regarding
glutamic disorders is also offering growth opportunities for the global market.
Rapid urbanization
along with increasing disposable income levels in emerging economies, such as
China and India, is projected to boost the product demand. Innovative marketing
strategies undertaken by major companies in the market to lure new customers
will also contribute to the market growth. Manufacturers are focusing mainly on
product innovations, in terms of flavors, ingredients, packaging, etc. This
factor are is also likely to propel the market development in the next few
years.
In
depth research report on Cookies Market
Further key findings from the study suggest:
·
Bar product segment led the market in 2018 and is expected to
maintain its dominance over the forecast period due to increasing popularity of
these product forms
·
Online channels are expected to account for more than 19.8%
of the global share by 2025 due to increasing popularity of e-commerce sites
·
North America generated a revenue of USD 10.42 billion in
2018. Impulsive purchases by people of all age-groups is projected to remain a
favorable factor for the regional market
·
APAC is expected to account for more than 25% of the total
revenue by 2025. Changing lifestyle and rising disposable income in emerging
countries are likely to open growth avenues for the market
·
Key manufacturers include The Kellogg Company, Nestlé S.A.,
PepsiCo, Inc.; Britannia Industries Ltd.; The Campbell Soup Company, Mondelēz
International, Inc.; Danone S.A.; and Parle Products Private Limited
·
Development of products in chocolate and fruit extract
variants is projected to remain one of the key strategies among these
manufacturers
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
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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, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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