September 23, 2022
The market assessment report titled ‘Global Cookies Market Size study, By Product Type (Bar Cookies, Molded Cookies, Rolled Cookies, Others), By Distribution Channel (Online, Offline), and Regional Forecasts 2022-2028’ available with MarketStudyReport, asserts that global cookies market is estimated to witness a sturdy growth during 2022-2028, and subsequently amass a sustainable valuation by the end of the forecast period.
Soaring demand for ready-to-eat snacks in tandem with the penetration of healthy and low-cholesterol cookies with diverse flavors are the major factors likely to augment the remuneration prospects of global cookies market during the review timeline.
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For those unaware, a cookie is typically a round, sweet, flour-based baked snack item that can be produced with diverse flavoring agents such as raisins, nuts, chocolate chips, and nuts among others.
In addition, soaring product popularity as a gifting alternative, increasing working population, rise in disposable income levels of the people in emerging economies, and proliferation of tea & coffee shops across the globe are positively impacting the growth trajectory of the marketplace over the analysis period.
However, availability of substitute snacking items as well as highly volatile pricing structure of raw materials are expected to restrict the development prospects of the industry in the coming years.
Based on product type, the bar cookies segment of worlwide cookies marketplace is expected to showcase a decent growth rate through the analysis timeframe, creditable to their surging popularity as they contribute to promoting heart health and improved blood circulation.
Considering distribution channel, the offline segment is estimated to gain steady traction during the assessment timeframe, due to the growing visibility and easy accessibility to supermarkets & hypermarkets in developing economies such as India and China.
Geographically, North America market is likely to progress at a commendable rate through 2028, owing to the growing demand for ready-to-eat snacks amongst the working population, and increasing inclination toward oats-based cookies by health-conscious people across the region.
Meanwhile, Asia Pacific industry is likely to showcase promising growth over the forecast timeline, owing to changing lifestyle choices and increasing disposable income levels in the region.
The competitive terrain of global cookies industry is influenced by major players such as Lotus Bakeries NV, Danone S.A., Britannia Industries Ltd., Mondelez International, Inc., The Campbell Soup Company, Burton's Biscuit Company, Parle Products Private Ltd, Nestle S.A., The Kraft Heinz Company, and The Kellogg Company.