Global Compressed Biscuit Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Compressed Biscuit Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Compressed biscuit (hardtack) is a kind of biscuit, generally made of flour, water, and salt. Compressed biscuits are delicate in texture, high in cost and long in shelf life. Inheriting the advantages of fast and convenient nutritional supplementation, taking into account food, transportation, and food, it mainly meets the needs of military field training, emergency rescue and short-term food supply in natural disasters.

Market Overview:

The latest research study on the global Compressed Biscuit market finds that the global Compressed Biscuit market reached a value of USD 164.86 million in 2023. It’s expected that the market will achieve USD 237.02 million by 2029, exhibiting a CAGR of 6.24% during the forecast period.

Operating costs are greatly affected by the price of main raw materials

The main raw materials of compressed biscuits are agricultural and sideline products, and the operating cost is closely related to the production of upstream agricultural and sideline products. The output and quality of agricultural and sideline products are affected by factors such as planting area, climatic conditions, pests and diseases, and the price has certain fluctuations, which has a direct impact on the production and operation of the compressed biscuit industry. This poses a challenge to the cost control ability and risk resistance ability of the compressed biscuit industry.

Industry concentration is low, product quality is difficult to guarantee

As an important part of the food manufacturing industry, the food industry requires relatively low fixed asset investment and raw material purchase prices for small-scale production, resulting in serious duplication of low-level production lines. There are many local and family-run production enterprises in the market. Some small enterprises seize the local market by means of low-price competition. It is difficult to guarantee the taste and safety of their products. At the same time, they imitate the appearance design of popular products in the market and steal the trademarks of famous brand enterprises, which have a negative impact on the sales and reputation of leading enterprises. These irregular and even illegal behaviors have intensified the vicious competition in the industry and affected the progress of the overall development of the industry.

Region Overview:

Asia-Pacific had the highest growth rate of all regions.
In 2022, the share of the Compressed Biscuit market in Asia-Pacific stood at 39.04%.

Company Overview:

Qinhuangdao Ocean Food Co., Ltd. is one of the major players in the compressed biscuits market, accounting for 20.69% share in 2023.

Qinhuangdao Marine Food Co., Ltd. (formerly the 4003rd Factory of the Chinese People's Liberation Army) was founded in 1960 and was originally affiliated to the Navy Logistics Department. It is a comprehensive food processing enterprise integrating R&D, production and sales. It mainly produces various Canned foods, biscuits, snack foods, convenience foods, and civilian foods.

In addition to the factory and warehouse, both are located on the west coast of Norway. The plant produces solid, ready-to-eat foods for use in the prevention and treatment of malnutrition, emergency rescue and preparedness, survival at sea and emergency drinking water. GC Rieber Compact AS is FSSC-22000 certified.

Segmentation Overview:

The Sugar-free compression cookiessegment by type showed a value growth of 0.02% in 2022.
Among different product types, Regular compressed biscuit segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Offline sales segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Compressed Biscuit market covered in Chapter 3:

Qinhuangdao Fushou food Co., LTD
Datrex
BIBIZAN
Shanghai Hailuo Food Co., LTD
Katadyn Group
S.O.S Food Lab
Qinhuangdao Ocean Food Co., LTD
Zhuhai Puji Food Co., LTD
Guangdong Kayuan food Co., LTD
GC Rieber Compact AS
Guan Sheng Yuan (Group) Co., LTD

In Chapter 4 and Chapter 14.2, on the basis of types, the Compressed Biscuit market from 2019 to 2030 is primarily split into:

Sugar-free compression cookies
Regular compressed cookies

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Compressed Biscuit market from 2019 to 2030 covers:

Online Sales
Offline Sales

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)