Cookies Market by The Kellogg Company, Nestlé S.A., PepsiCo, Inc.; Britannia Industries Ltd.
The
global Cookies Market size is expected to reach USD 44.01
billion by 2025 with a CAGR of 5.3%, according to a new report by Grand View
Research, Inc. Rising product popularity and increasing demand for on-the-go
snacks in developed markets including Germany and U.K. are expected to remain
key driving factors for the market over the forecast years. Increasing demand
for gluten-free cookies as alternatives to conventional counterparts due to
rising concerns regarding glutamic disorders is also offering growth
opportunities for the global market.
Further key findings from the study suggest:
Rapid
urbanization along with increasing disposable income levels in emerging
economies, such as China and India, is projected to boost the product demand.
Innovative marketing strategies undertaken by major companies in the market to
lure new customers will also contribute to the market growth. Manufacturers are
focusing mainly on product innovations, in terms of flavors, ingredients,
packaging, etc. This factor are is also likely to propel the market development
in the next few years.
Further key findings from the study suggest:
- Bar product segment led
the market in 2018 and is expected to maintain its dominance over the
forecast period due to increasing popularity of these product forms
- Online channels are
expected to account for more than 19.8% of the global share by 2025 due to
increasing popularity of e-commerce sites
- North America generated a
revenue of USD 10.42 billion in 2018. Impulsive purchases by people of all
age-groups is projected to remain a favorable factor for the regional
market
- APAC is expected to
account for more than 25% of the total revenue by 2025. Changing lifestyle
and rising disposable income in emerging countries are likely to open
growth avenues for the market
- Key manufacturers include
The Kellogg Company, Nestlé S.A., PepsiCo, Inc.; Britannia Industries
Ltd.; The Campbell Soup Company, Mondelēz International, Inc.; Danone
S.A.; and Parle Products Private Limited
- Development of products in
chocolate and fruit extract variants is projected to remain one of the key
strategies among these manufacturers
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Comments
Post a Comment