A wafer refers to a dry, thin and crispy type of biscuit that are avaialable in a wide variety of shape, sizes and packaging. It is used in chocoloate bars, cookies and ice creams. Cosnumers are shifting towards wafers as it is a convenice food avaiale in almost all the retail outlets. Wafer biscuits can also be turned into a cookie with a cream flavoring sandwiched between them. It has a waffle surface pattern. Some of the choclolate bars such as kitkat, coffee crisp are types of wafers with chocolate coated in and around them.
MARKET DYNAMICS
An increase in urbanization as a result of change in demographics and high disposable income drives the market for wafer biscuit. Besides this, an upsurge in the demand for convenience foods as a result of busy lifestyles also drives the growth of the wafer biscuit market. However, rising health problems amongst cosumers in developed countries restricts the fruitful development of the wafer bischut market. The launch of new products with new and different flavors is expected to bolster well thegrowth of the wafer biscuit market in the near future.
MARKET SCOPE
The "Global Wafer Biscuit 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 wafer biscuit market with detailed market segmentation by form, distribution channel and geography. The global wafer biscuit market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading wafer biscuit market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global wafer biscuit market market is segmented on the basis of form and distribution channel. On the basis of form, the wafer biscuit market is segmented into cream filled and coated. As per distribution channel the market is bifurcated into supermarkets & hypermarkets, convenience stores, online and others.
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 wafer biscuit market based on various segments. It also provides market size and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The wafer biscuit 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 thewafer biscuit 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 wafer biscuit market market in these regions.
MARKET PLAYERS
The reports cover key developments in the wafer biscuit 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 market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from wafer biscuit market are anticipated to lucrative growth opportunities in the future with the rising demand for wafer biscuit market in the global market. Below mentioned is the list of few companies engaged in the wafer biscuit market market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the wafer biscuit 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.
- Antonelli
- Artisan Biscuits Ltd.
- Bahlsen
- Bauducco Foods
- Lago Group S.p.A.
- Mars Incorporated
- Mondelez International, Inc.
- Nestle SA
- Pladis Global
- The Hershey Company
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.