Savoury Biscuit Market - A Global and Regional Analysis: Focus on Region, Country-Level Analysis, and Competitive Landscape - Analysis and Forecast, 2024 - 2031
The "Savoury Biscuit Market" prioritizes cost control and efficiency enhancement. Additionally, the reports cover both the demand and supply sides of the market. The Savoury Biscuit market is anticipated to grow at an annual rate of 4.50% from 2024 to 2031.
This entire report is of 128 pages.
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Savoury Biscuit Market Analysis
The Savoury Biscuit market research report highlights the increasing demand for savory snacks globally. Savoury Biscuits are baked products made with ingredients such as flour, salt, and various spices. The target market for Savoury Biscuits includes consumers looking for convenient and satisfying snacks. Major factors driving revenue growth in this market include changing consumer preferences towards healthier snacking options and the rising trend of on-the-go eating. Companies operating in this market like Parle, Britannia, and Nestlé are focusing on product innovation and marketing strategies to maintain a competitive edge. The report recommends further research on consumer preferences and market trends to maximize growth opportunities in the Savoury Biscuit market.
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The Savoury Biscuit market is categorized into three types: Crisp Bread, Crackers, and Others, catering to both household and restaurant segments. Household consumers prefer Crisp Bread and Crackers for snacking, while restaurants use these biscuits as accompaniments to meals. Regulatory and legal factors specific to the market conditions include compliance with food safety standards, labelling requirements, and restrictions on additives and preservatives. Adhering to these regulations ensures the quality and safety of Savoury Biscuits, building trust among consumers. The market is expected to grow as demand for convenient and healthy snacking options rises, with manufacturers focusing on product innovation and expanding distribution channels to reach a wider audience.
Top Featured Companies Dominating the Global Savoury Biscuit Market
The global savoury biscuit market is highly competitive with the presence of several key players. Some of the prominent companies operating in the market include Parle (India), Britannia (India), The East India Company (.), CEEMEA (U.K.), Nestlé (Switzerland), Burton's Foods Ltd. (U.K.), Lotus Bakeries NV (Belgium), United Savoury Biscuit (U.K.), Walkers Shortbread Ltd (U.K.), and Kellogg Co (US).
These companies use various strategies to grow in the savoury biscuit market. Parle and Britannia, being two of the leading biscuit manufacturers in India, focus on product innovation, quality, and affordability to cater to the diverse consumer preferences. Nestlé, with its strong global presence, leverages marketing campaigns and brand reputation to expand its market share. Lotus Bakeries NV emphasizes on premium quality ingredients and unique recipes to attract health-conscious consumers.
Burton's Foods Ltd. and Walkers Shortbread Ltd. from the U.K. differentiate themselves through traditional recipes and heritage branding. The East India Company offers luxury gourmet savoury biscuits, targeting high-end consumers. CEEMEA, a leading biscuit manufacturer in the U.K., focuses on expanding its distribution network to reach a wider audience.
As for the sales revenue, Britannia reported sales revenue of around $1.52 billion in 2020, while Nestlé reported sales revenue of $84.3 billion in the same year. These figures reflect the significant market presence and growth potential of these companies within the savoury biscuit industry. The collective efforts of these companies contribute to the overall growth and innovation in the savoury biscuit market.
- Parle (India)
- Britannia (India)
- The East India Company (U.K.)
- CEEMEA (U.K.)
- Nestlé (Switzerland)
- Burton's Foods Ltd. (U.K.)
- Lotus Bakeries NV (Belgium)
- United Savoury Biscuit (U.K.)
- Walkers Shortbread Ltd (U.K.)
- Kellogg Co (US)
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Savoury Biscuit Segment Analysis
Savoury Biscuit Market, by Application:
- Household
- Restaurante
Savoury biscuits have a versatile application in both households and restaurants. In households, they are commonly served as snacks or appetizers, paired with cheese, spreads, or dips. In restaurants, savoury biscuits are used in cheese boards, charcuterie platters, or as accompaniments to soups and salads. The fastest-growing application segment in terms of revenue is in the restaurant industry, where demand for unique and gourmet savoury biscuit options is increasing due to the rising popularity of artisanal foods and the growing trend of elevated dining experiences. This has led to a surge in sales and profitability within the restaurant sector.
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Savoury Biscuit Market, by Type:
- Crisp Bread
- Crackers
- Others
Savoury biscuits come in various types, including crisp bread, crackers, and others. Crisp breads are thin and crunchy, crackers are crispy and often flavored, while other varieties may include shapes like sticks or twists. These diverse offerings cater to different taste preferences and dietary needs, appealing to a wide range of consumers. With their convenient packaging, versatility as a snack or accompaniment to meals, and long shelf life, savoury biscuits have become a popular choice for on-the-go consumers and those seeking a quick and satisfying snack. This variety and convenience contribute to the growing demand for savoury biscuits in the market.
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Regional Analysis:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The global savoury biscuit market is experiencing significant growth in regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America, particularly the United States, is expected to dominate the market with a market share of around 30%, followed by Europe with a market share of 25%. The Asia-Pacific region is also expected to witness substantial growth, with countries like China, Japan, and India driving market expansion. Latin America and the Middle East & Africa regions are expected to contribute to the market growth, with a combined market share of around 20%.
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