Chocolate biscuits are a sort of quick snack made mostly of chocolate, wheat, butter, and other similar ingredients. It has a delicious flavour and may be kept at room temperature or refrigerated in the summer. Cookies, wafers, and sandwich biscuits are some of the common examples of chocolate biscuits. Consumers are becoming more aware of the range of snacking and dessert goods available on the market as their disposable income grows. Furthermore, in the worldwide market situation, new product developments and development are pushing the expansion of chocolate biscuits.
MARKET SCOPE
The "Global Chocolate Biscuits Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the chocolate biscuits market with detailed market segmentation by type, distribution channel, and geography. The report provides key statistics on the market status of the leading chocolate biscuits market players and offers key trends and opportunities in the market.MARKET SEGMENTATION
- On the basis of type, the market is segmented into chocolate cookies, chocolate wafers, chocolate sandwich biscuits, and others.
- On the basis of distribution channel, the market is segmented into supermarkets & hypermarkets, convenience stores, online retail, and others.
MARKET DYNAMICS
Drivers:
- The chocolate biscuits markets is mainly driven by the factors such as growing demand for convenience food items, rising disposable income levels, increasing urbanization, and rising popularity of baked goods.
- Moreover, rising demand for chocolate biscuits from kids and yound adults is also expected to boost the market growth over the forecast period.
Restraints:
- However, factors such as increasing obesity in youngsters and high production costs related to chocolate biscuits are anticipated to hinder the market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The chocolate biscuits market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the chocolate biscuits market in these regions.
IMPACT OF COVID-19 ON CHOCOLATE BISCUITS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the chocolate biscuits market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from chocolate biscuits market are anticipated to lucrative growth opportunities in the future with the rising demand for chocolate biscuits in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the chocolate biscuits market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- August Storck KG
- BALOCCO
- Danish Speciality Foods Aps
- Ezaki Glico
- Ishiya
- Mayora
- Mondelez International
- Nestle
- Pladis Global
- TATAWA
- Parle Products Pvt. Ltd
- Kellogg Company
- Britannia Industries Ltd.
- Burton's Foods Ltd
- Lotus Bakeries NV
- ITC Limited
- UNIBIC Foods India Pvt. Ltd.
- Bahlsen LLP
- Lenny & Larry's, LLC
- Godiva
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.