Global Cookies Market - 2023-2030

Global Cookies Market - 2023-2030

Global Cookies Market reached US$ 10.4 billion in 2022 and is expected to reach US$ 21.4 billion by 2030 growing with a CAGR of 9.5% during the forecast period 2023-2030. The growing popularity of plant-based and vegan cookies among consumers driving the growth of the cookies market. The cookie manufacturers such as Enjoy Life Foods have developed vegan-friendly cookies prepared without dairy, eggs, or other animal-derived ingredients, capturing the attention of vegan consumers.

The cookie market is a booming portion of the worldwide snack business. Cookies, also called biscuits in certain areas, are popular sweet sweets eaten by people of all ages. They are available in a variety of tastes, textures, and forms, providing a wide range of possibilities to suit varied consumer preferences. The market is characterized by a wide set of participants, ranging from international businesses to small and artisanal firms.

The rising demand for cookies prepared with natural ingredients and clear labeling is one of the primary drivers of the cookies market's growth. Consumers prefer cookies made with recognized, natural ingredients rather than synthetic additives or preservatives. Simple Mills, for example, makes clean-label cookies with natural ingredients like almond flour and coconut sugar.

Market Dynamics
Consumer Preferences and Lifestyle Trends Drive Growth in the Cookies Market
In recent years, the cookies industry has seen a shift in customer preferences and lifestyle trends. Cookies have gained popularity as consumers seek quick and on-the-go snack alternatives due to its mobility and range of flavors. Furthermore, increased demand for healthy and natural ingredient-based cookies has fueled the expansion of the cookies market size.

Consumers are increasingly looking for gluten-free, organic, or naturally sweetened items. This trend has driven manufacturers to adapt and provide healthier cookie choices in order to meet shifting customer demands. With the increased emphasis on wellness and health consciousness, this factor is projected to continue impacting the cookies market trend, market size, and cookie market share.

Surging Demand for Premium and Artisanal Cookies Fuels Growth in the Cookies Market
The rising popularity of premium and artisanal cookies is one of the primary drivers of the cookies market's expansion. Consumers are prepared to pay a premium for high-quality cookies created with premium ingredients, innovative recipes, and delectable tastes. As a result, boutique bakeries and artisanal cookie businesses that offer handcrafted and distinctively produced cookies have emerged.

Furthermore, customers seeking a rich snacking experience are drawn to premium and handmade cookies. The popularity of these cookies originates from their perceived higher quality, attention to detail, and hedonistic enjoyment. As a result, the availability and appeal of high-end cookies have increased, adding to the general development and diversification of the cookies industry.

Dietary Restrictions and Food Allergies Pose Challenges to Cookies Market Growth and Market Share
Key restraint in the cookies market is the increasing prevalence of dietary restrictions and food allergies. With a growing number of individuals having specific dietary needs or allergies to ingredients commonly found in cookies, such as gluten or dairy, the market faces the challenge of catering to a diverse range of consumer requirements. Manufacturers need to develop specialized products that meet these dietary restrictions while maintaining taste and quality.

The need to invest in research and development, along with additional production processes to ensure allergen-free or gluten-free cookies, can pose financial and logistical challenges for companies. Furthermore, consumer trust and brand loyalty can be impacted if proper labeling, certifications, and transparency regarding allergen information are not provided. These factors collectively limit market growth and influence the cookies market share.

COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario, and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it to pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis
The global cookies market has been segmented by product type, packaging, distribution channel, and region.

Molded Cookies Claim the Second Largest Share in the Cookie Market Commanding 20-25% Market Share with Artful Designs and Delectable Flavors
Molded cookies hold a substantial share of the cookie market, accounting for approximately 25% of the total market share. Molded cookies, a popular category of baked goods, fall under the umbrella of cookie varieties and play a significant role in the cookies market share and cookies market size. These cookies are shaped by hand or with the help of molds before baking, making them visually appealing and distinct from other cookie types.

Molded cookies can encompass a wide range of flavors, including classic chocolate chip cookies and wholesome oatmeal cookies, which contribute to their widespread appeal. They offer bakers and manufacturers opportunities to showcase creativity in their designs and add a touch of artistry to their cookie presentations. Molded cookies often find favor during festive seasons and special occasions, contributing to their market growth and overall cookies market size in the baked goods industry.

Geographical Analysis
Asia-Pacific Cookies Market Booms with Divers Flavors of Cookies
By region, the global cookies market is segmented into North America, South America, Europe, Asia-Pacific, Middle-east, and Africa.

The Asia-Pacific region's cookies market is witnessing a surge in demand, with various key players offering a wide range of delectable options. Peanut butter cookies, known for their nutty goodness, are gaining popularity due to their rich taste and high protein content. Sugar cookies remain a timeless classic, loved for their simple yet delightful flavor, appealing to all ages. Shortbread cookies, with their crumbly texture and buttery taste, continue to be a favorite for tea-time indulgence.

Sandwich cookies, featuring tempting fillings between two cookies, attract consumers seeking diverse flavor combinations. Furthermore, gluten-free cookies have witnessed significant growth as more individuals opt for healthier alternatives. The diverse cookie market in the Asia-Pacific region promises to delight taste buds and cater to the ever-changing preferences of consumers, presenting ample opportunities for innovation and growth.

Competitive Landscape
The major global players in the market include Kellogs Co., Britannia Industries Ltd., Parle Products Pvt. Ltd., Nestlé S.A, Campbell Soup Company, PepsiCo, Inc., ITC Ltd., Mondelez International, Inc., Danone S.A., and United Biscuits (UK) Ltd.

Why Purchase the Report?
• To visualize the global cookies market segmentation based on product type, packaging, distribution channel, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development.
• Excel data sheet with numerous data points of cookies market-level with all segments.
• The PDF report consists of a cogently put-together market analysis after exhaustive qualitative interviews and an in-depth market study.
• Product mapping is available as Excel consists of key products of all the major market players.
The global cookies market report would provide approximately 61 tables, 59 figures, and 190 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies