Global Cookie And Cracker Market Size By Product Type (Cookies, Crackers), By Flavor Profiles (Sweet, Savory), By Ingredients (Regular, Gluten-Free), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationCookie And Cracker Market Size And Forecast
Cookie And Cracker Market size was valued at USD 212.97 Billion in 2024 and is projected to reach USD 318.02 Billion by 2031, growing at a CAGR of 5.67% from 2024 to 2031.
- Cookies and crackers are baked goods that are typically made from flour, sugar, and fats, along with various flavorings and additives. Cookies are generally sweet, soft or crisp, and come in various shapes, sizes, and flavors, such as chocolate chip, oatmeal, and sugar cookies. Crackers, on the other hand, are usually savory, crispy, and often contain additional ingredients like seeds, herbs, and cheese.
- Cookies and crackers serve various purposes in the culinary world. Cookies are popular snacks and desserts, often consumed with beverages like milk, tea, or coffee. They are also a staple in celebrations and holidays, frequently given as gifts or made at home for special occasions. Crackers are versatile as well; they are commonly served as appetizers, used as a base for canapés, or eaten as snacks. They are also integral to cheese platters and are used as a crunchy element in soups and salads.
- The future scope of the cookies and crackers market looks promising, driven by several trends and innovations. Increasing consumer demand for healthy and nutritious snacks is pushing manufacturers to develop products with whole grains, high fiber, and reduced sugar content.
Global Cookie And Cracker Market Dynamics
The key market dynamics that are shaping the global cookie and cracker market include
Key Market Drivers
- Rising snacking cultureConsumers are increasingly favoring convenient snacking options like cookies and crackers, driven by busy lifestyles and a preference for quick, on-the-go food choices. Snack consumption increased by 8% during the COVID-19 pandemic Mondelez International reported 5.7% organic net revenue growth in Q4 2023, driven by snacking trends.
- Health and Wellness TrendsIncreasing consumer awareness about health and wellness is driving demand for cookies and crackers with healthier ingredients, such as whole grains, reduced sugar, and added nutrients.
- Convenience and SnackingThe growing trend of on-the-go snacking and busy lifestyles is boosting the popularity of convenient, portable snacks like cookies and crackers, which are easy to consume and carry. Oreo launched limited-edition space-themed flavors in collaboration with NASA in April 2024, driving a 15% sales spike
- E-commerce Expansion The rise of online shopping platforms allows consumers to easily access a wide variety of cookies and crackers, expanding market reach and driving sales through digital channels. According to eMarketer online grocery sales increased by 54% in 2023.
- Product InnovationContinuous innovation in flavors, textures, and formulations, including gluten-free, vegan, and allergen-free options, is attracting a wider range of consumers and driving market growth.
Key Challenges
- Health ConcernsIncreasing consumer awareness about health issues associated with high sugar and fat content in traditional cookies and crackers poses a challenge. Manufacturers must innovate to meet demand for healthier options.
- Rising CompetitionThe market is highly competitive, with numerous brands and products vying for consumer attention. Differentiation and brand positioning become crucial to maintaining market share.
- Ingredient SourcingEnsuring a consistent and reliable supply of quality ingredients, especially those used in specialty and health-focused products, can be challenging due to fluctuations in agricultural conditions and sourcing complexities.
- Changing Consumer Preferences Shifting consumer preferences towards healthier, natural, and organic snacks, as well as gluten-free and allergen-free options, require manufacturers to adapt quickly and innovate to meet these evolving demands.
Key Trends
- Health and WellnessConsumers increasingly prioritize health and wellness, leading to a rising demand for cookies and crackers made from whole grains, natural ingredients, and free from artificial additives. Manufacturers are responding by reformulating products to meet these preferences, offering healthier options that align with dietary concerns and lifestyles.
- Rise in Consumption of SnacksThe shift towards snacking throughout the day has boosted the popularity of cookies and crackers as convenient, on-the-go snacks. Their portability and variety make them ideal for quick snacking occasions, driving market growth as consumers seek convenient and satisfying options beyond traditional meals.
- PremiumizationThere’s a growing willingness among consumers to invest in higher-quality, premium cookies and crackers. These products often feature unique flavors, textures, and high-quality ingredients that cater to discerning tastes. Premiumization not only enhances the consumer experience but also allows manufacturers to differentiate their offerings and command higher price points in the market.
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Global Cookie And Cracker Market Regional Analysis
Here is a more detailed regional analysis of the global cookie and cracker market
Asia Pacific
- Asia Pacific is emerging as a dominant region in the global cookie and cracker market. The region’s large and growing population, particularly in countries like China and India, drives significant demand for snacks, including cookies and crackers. According to ASEAN Food and Beverage Alliance Southeast Asian countries showed a 12% increase in snack food consumption in 2023.
- Rising disposable incomes and changing lifestyles are fueling demand for convenience foods, making cookies and crackers popular choices for snacking.
- Urbanization trends and increasing exposure to Western diets are influencing consumer preferences towards packaged and processed snacks like cookies and crackers. Britannia Industries, an Indian company, announced in March 2024 a $100 million investment to expand its production capacity in Southeast Asia.
- Improved manufacturing capabilities and infrastructure support efficient production and distribution of cookies and crackers, meeting growing consumer demand.
North America
- North America is indeed recognized as a mature market in the global cookie and cracker industry. The cookie and cracker market in North America is highly developed and competitive, with a wide range of products available from both domestic and international brands. This saturation challenges new entrants to differentiate themselves and gain market share.
- The market caters to diverse consumer preferences, ranging from traditional flavors to innovative and health-focused options. Brands continually innovate to capture consumer interest and maintain relevance.
- There’s a growing demand for healthier cookie and cracker options in North America, driven by consumer awareness of nutrition and dietary preferences. This trend has prompted manufacturers to reformulate products with whole grains, natural ingredients, and reduced sugar and fat content.
- Established distribution channels, including supermarkets, convenience stores, and online platforms, facilitate widespread availability and accessibility of cookie and cracker products across the region.
Global Cookie And Cracker MarketSegmentation Analysis
The Global Cookie And Cracker Market is segmented based on Product Type, Flavor Profiles, Ingredients, And Geography.
Cookie And Cracker Market, By Product Type
- Cookies
- Crackers
So, when we break down the Global Cookie And Cracker Market by Product Type, we basically have two main categoriesCookies and Crackers. Cookies have usually been the big cheese in this arena, mostly because everyone loves a sweet snack or dessert! They hit the spot for tons of people who want a tasty treat with all sorts of flavors, textures, and fillings. Plus, cookie makers keep coming up with new stuff – like gluten-free, organic, and healthier cookies – which just makes them even more appealing. But don't count crackers out! They're becoming more popular, especially since people see them as healthier, with less sugar. They're a great fit for folks looking for something savory and crispy to eat with cheese, dips, or just by themselves as a smart snack choice.
Cookie And Cracker Market, By Flavor Profiles
- Sweet
- Savory
Okay, so when it comes to what we like in our cookies and crackers, it's generally a split between sweet and savory. For ages, sweet flavors have been the big boss in the cookie and cracker market, mostly because, well, everyone loves a sugary treat! Sweet cookies and crackers are kind of universal, working as both an indulgent snack and a dessert that hits the spot at any time. Plus, there's always something new – bakers keep whipping up exciting flavors, textures, and fillings to keep our sweet tooth happy. But, don't count out savory just yet! This segment is really picking up speed, as more people are looking for healthier snacks and ways to mix things up with their meals.
Cookie And Cracker Market, By Ingredients
- Regular
- Gluten-Free
- Organic
- Sugar-Free
Based on Ingredients, the Global Cookie And Cracker Market is bifurcated into Regular, Gluten-Free, Organic, and Sugar-Free. In the cookie and cracker market, the regular ingredient segment traditionally dominates, encompassing a wide range of products that appeal to mainstream consumer preferences. These cookies and crackers typically use conventional ingredients, including wheat flour, sugar, and various flavorings, catering to a broad demographic seeking familiar tastes and textures. However, the gluten-free and organic ingredient segments are rapidly growing.
Cookie And Cracker Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
So, when we look at where in the world cookies and crackers are popular, we break it down by GeographyNorth America, Europe, Asia Pacific, and the Rest of the World. North America and Europe are the big players, mostly because they've been eating these treats for a long time and folks there just really love 'em! You'll find all sorts of flavors and brands – both the big names and the local favorites – fighting for a spot in your pantry. But Asia Pacific is catching up fast! With more people moving to cities, lifestyles changing, and more folks having money to spend, the cookie and cracker market there is booming.
Key Players
The “Global Cookie And Cracker Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Mondelez International, The Kraft Heinz Company, Kellogg Company, PepsiCo, General Mills, Nestlé S.A., Britannia Industries Ltd, and United Biscuits.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Cookie And Cracker Market Key Developments
- In January 2023, Nestlé introduced a new line of gluten-free cookies catering to the growing demand for allergen-free snacks.
- In March 2023, Mondelez International launched a range of vegan crackers made from sustainable plant-based ingredients, targeting environmentally conscious consumers.
- In July 2023, PepsiCo announced a strategic partnership with a leading gourmet bakery to expand its premium cookie offerings in key global markets.
- In September 2023, Kellogg’s unveiled a new packaging technology aimed at enhancing shelf life and freshness for its cookie and cracker products.
- In December 2023, Ferrero acquired a prominent artisanal cookie brand, aiming to diversify its product portfolio and strengthen its presence in the premium segment of the market.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2021-2031 |
Base Year | 2024 |
Forecast Period | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Billion) |
Key Companies Profiled | Mondelez International, The Kraft Heinz Company, Kellogg Company, PepsiCo, General Mills, Nestlé S.A., Britannia Industries Ltd, and United Biscuits |
Segments Covered | By Product Type, By Flavor Profiles, By Ingredients, And By Geography. |
Customization scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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