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Global Wafer Biscuits Market Report, Share, Trends and Forecast to 2028
- February 7, 2020
- ID: SR/CG-15
- Format:Pdf
- Pages:220
Global Wafer Biscuits Market by Form Type (Cream filled and coated), By Application (Sandwiches Cookies, Ice Cream Decoration, and Chocolate Bars), By Distribution Channel (Retail Outlets, Whole Sellers, Online Stores, and Supermarket/Hypermarkets), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)
Global Wafer Biscuits Market Overview:
The global wafer biscuit market is estimated to reach by USD126.7 Billion in 2030 with a CAGR of 2.6% during the forecast period of 2022-2030 and it was valued at USD 100.92 billion in 2022. The wafer biscuits are the type of baked biscuits that have crunchy layers. The wafer biscuits mainly consumed as a light munching snack, and it is preferred to be a healthy substitute for regular biscuits available in the market. Wafer biscuits are considered an on-the-go snack and fit perfectly in the bracket of a healthy snack item. The wafer biscuits are full layers of sandwiches, which are crunchy but not loose, crispy and smooth, and non-greasy in the mouth. In addition to good taste, the important thing is health as wafer biscuits have low sugar, low fat, low calories, and no preservatives and are even made with vegetable oil and skim milk. Moreover, wafer biscuits come in different flavors and sizes. The raw material used in wafer biscuits has nutritional ingredients that make it a healthy, munching snack. The wafer biscuits are a refined form of grains that makes it unique from other variants of biscuits in the market. Therefore, the demand for wafer biscuits is increasing due to gluten-free snacks that have nutritional ingredients in them. Global Wafer Biscuits Market Insights The global wafer Biscuits market is projected to witness a CAGR of over 2.6% in the forecast period. Increasing living standards and changing eating habits towards organic and healthy food will boost the global wafer biscuits market. Additionally, wafer biscuits are nominal in price because of the high market penetration and easy availability in the market. Nowadays, people are pursuing convenient and fast lifestyles; thus, the healthy nutritional value of snack foods is getting more and more attention. Besides, nominal price, easy availability of wafer biscuits in stores, and durability of wafer biscuits help in increasing market share. Further, wafer biscuits are an innovation in the biscuits market as people are losing their taste in traditional biscuits. Therefore, wafer biscuits bring new tastes and other nutritional components in the form of wafer biscuits to capture the market. Furthermore, the global wafer biscuits market holds the most significant share in the bread and biscuits industry. Owing to, high-profit margins and external packaging are colorful, which is eye-catching, and cater to the young generation as it fits in their psychology. Moreover, the additional fiber, vitamins, and protein present in the wafer biscuits make it a good option for the young as well as the adult population.Growth DriverConsumer changing lifestyle
With the effects of the rising standard of living and increasing concern towards healthy living and eating habits, the consumer lifestyle has been continuously changing. Wafer biscuits are a gluten-free and refined form of the grain, considered a tasty and crunchy snack. Therefore, it is a healthy snack option along with its durability, affordability, availability, and different flavors that have increased wafer biscuits demand in the market.Economical pricing and easy availability
The nominal price of the biscuit and its availability in stores, supermarkets/hypermarkets, and high penetration of wafer biscuits have captured the market growth. The standard investment in production and selection in raw materials has helped in maintaining a constant market and quality and taste of the product. Therefore, more and more consumer is willing to buy wafer biscuits for their nutritional value.Form Type Segmental Analysis
Based on form, the global wafer biscuits market is bifurcated into cream-filled biscuits and coated biscuits. Cream-filled biscuits captured the most market owing to different flavors that attract children as well as youth worldwide. Along with it, the wafer is a healthy snack as it is made from the refined form of grain and later gets baked, which makes it a healthy and nutritional snack. Wafer biscuits are light and on-the-go snacks, which help in gaining maximum share in the market.ApplicationType Segmental Analysis
Based on application, wafer biscuits are classified into sandwich cookies, ice cream decorations, and Chocolate bars. Sandwich cookies are expected to capture the market in the forecast period from 2022-2030. The taste and colorful external packaging attract the young population, and due to its nutritional value, the adult population started consuming it as a healthy snack option.Distribution Segmental Analysis
Based on the distribution channel, the global wafer biscuits market is classified into Retail Outlets, Wholesalers, Online, and supermarkets/Hypermarkets. Supermarkets/hypermarkets have captured the largest share in 2021 and are expected to grow in the forecast period as well. The easy availability of all the flavors along with different offers and discounts provided to the consumers will drive the global wafer biscuits market.Region Segmental Analysis
Based on geography, the global Wafer biscuits market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Europe dominates the global wafer biscuit market, with the largest share owing to the presence of many vendors and a high standard of living followed by the population. The Asia-Pacific region is the second leading market and is expected to grow during the forecast period from 2022-2030. China and India witness a rise in the market demand for wafer biscuits due to the increase in urbanization in the region.Competitor Analysis
Companies such as Nestle SA, Mars, Mondelez International, Hershey Food Corp, Antonelli Bros, Bolero, Dukes, Kellogg, Lago Group are prominent players in the global wafer biscuits market.Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global Wafer Biscuits manufacturing firms
- Research organizations and consulting companies
- Organizations, associations, and alliances related to Global Wafer Biscuits market.
- Regulatory bodies
- Retailers
- Suppliers
Recent Development
- In July 2021, in the United Kingdom stores, Ferrero presented the German biscuit brand “Duplo.” The brand offers different wafer biscuits in different tastes and convenient packaging options. These products are created of two layers of crispy wafer with a hazelnut filling and are coated in milk chocolate.
- In April 2017, Pink Panther wafers, once a popular snack, are expected to make a comeback in the global market in 2018. The revamped biscuits will include a thicker layer of vanilla cream.
- In September 2017, an Austrian manufacturer of wafer, biscuits and confectionery productions system Haas Group is now officially part of the BA1/4hler Group.
Scope of the Report
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 90 billion |
| The revenue forecast in 2028 | USD 121 billion |
| Growth Rate | CAGR of 4.2 % from 2022 to 2028. |
| Historical data | 2017 – 2020 |
| Base Year | 2021 |
| Forecast period | 2022 – 2028 |
| Region covered | North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Key companies Profiled | The Companies Nestle SA, Mars, Mondelez International, Hershey Food Crop, Antonelli Bros, Bolero, Dukes, Kellogg, Lago Group Company, are key players. |
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Form Types- Cream filled
- Coated
- Sandwich cookies
- Chocolate bar
- Ice cream decoration
- Retail Outlets
- Convenience Stores
- Online retailers
- Supermarket/Hypermarkets
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
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Report Content
- Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
- Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
- Executive Summary
- Market Insights
4.1. Supply Chain Analysis
4.2. Economic Factor Analysis
4.2.1. Drivers
4.2.2. Trends
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape
4.4. Competitors & Product Analysis
4.5. Regulatory Framework
4.6. Company market share analysis, 2022
4.7. Porter’s Five forces analysis
4.8. Price point analysis
4.9. New Investment Analysis
- Global Wafer Biscuits Market, 2017-2030
5.1. Market size & Forecast, 2017-2030
5.1.1. Demand
5.1.1.1. By Value (USD Billion)
5.1.2. Consumption
5.1.2.1. By Volume (Kilo Tons)
5.1.3. Supply/Production
5.1.3.1. By Volume (Kilo Tons)
5.2. Market Share & Forecast, 2017-2030
5.2.1. By Form Types
5.2.1.1. Cream filled
5.2.1.2. Coated
5.2.2. By Application
5.2.2.1. Sandwich cookies
5.2.2.2. Chocolate bar
5.2.2.3. Ice cream decoration
5.2.3. By Distribution Channel
5.2.3.1. Retail Outlets
5.2.3.2. Convenience Stores
5.2.3.3. Online retailers
5.2.3.4. Supermarket/Hypermarkets
5.2.4. By Region
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia Pacific
5.2.4.4. The Middle East & Africa
5.2.4.5. South America
- North America Wafer Biscuits Market, 2017-2030
6.1. North America Wafer Biscuits Market size & Forecast, 2017-2030
6.1.1. Demand
6.1.1.1. By Value (USD Billion)
6.1.2. Consumption
6.1.2.1. By Volume (Kilo Tons)
6.1.3. Supply/Production
6.1.3.1. By Volume (Kilo Tons)
6.2. North America Wafer Biscuits Market Share & Forecast, 2017-2030
6.2.1. By Form Types
6.2.1.1. Cream filled
6.2.1.2. Coated
6.2.2. By Application
6.2.2.1. Sandwich cookies
6.2.2.2. Chocolate bar
6.2.2.3. Ice cream decoration
6.2.3. By Distribution Channel
6.2.3.1. Retail Outlets
6.2.3.2. Convenience Stores
6.2.3.3. Online retailers
6.2.3.4. Supermarket/Hypermarkets
6.2.4. By Country
6.2.4.1. U.S
6.2.4.2. Canada
6.2.4.3. Mexico
6.2.5. By Price Point Analysis
6.2.6. Company Market Share (Top 3-5)
6.2.7. Manufacturer & Distributor List (Top 5)
6.2.8. Economic Impact Study on North America Wafer Biscuits Market
- Europe Wafer Biscuits Market, 2017-2030
7.1. Europe Wafer Biscuits Market size & Forecast, 2017-2030
7.1.1. Demand
7.1.1.1. By Value (USD Billion)
7.1.2. Consumption
7.1.2.1. By Volume (Kilo Tons)
7.1.3. Supply/Production
7.1.3.1. By Volume (Kilo Tons)
7.2. Europe Wafer Biscuits Market Share & Forecast, 2017-2030
7.2.1. By Form Types
7.2.1.1. Cream filled
7.2.1.2. Coated
7.2.2. By Application
7.2.2.1. Sandwich cookies
7.2.2.2. Chocolate bar
7.2.2.3. Ice cream decoration
7.2.3. By Distribution Channel
7.2.3.1. Retail Outlets
7.2.3.2. Convenience Stores
7.2.3.3. Online retailers
7.2.3.4. Supermarket/Hypermarkets
7.2.4. By Country
7.2.4.1. Germany
7.2.4.2. UK
7.2.4.3. France
7.2.4.4. Italy
7.2.4.5. Rest of Europe
7.2.5. By Price Point Analysis
7.2.6. Company Market Share (Top 3-5)
7.2.7. Manufacturer & Distributor List (Top 5)
7.2.8. Economic Impact Study on Europe Wafer Biscuits Market
- Asia Pacific Wafer Biscuits Market, 2017-2030
8.1. Asia Pacific Wafer Biscuits Market size & Forecast, 2017-2030
8.1.1. Demand
8.1.1.1. By Value (USD Billion)
8.1.2. Consumption
8.1.2.1. By Volume (Kilo Tons)
8.1.3. Supply/Production
8.1.3.1. By Volume (Kilo Tons)
8.2. Asia Pacific Wafer Biscuits Market Share & Forecast, 2017-2030
8.2.1. By Form Types
8.2.1.1. Cream filled
8.2.1.2. Coated
8.2.2. By Application
8.2.2.1. Sandwich cookies
8.2.2.2. Chocolate bar
8.2.2.3. Ice cream decoration
8.2.3. By Distribution Channel
8.2.3.1. Retail Outlets
8.2.3.2. Convenience Stores
8.2.3.3. Online retailers
8.2.3.4. Supermarket/Hypermarkets
8.2.4. By Country
8.2.4.1. China
8.2.4.2. India
8.2.4.3. Japan
8.2.4.4. Australia
8.2.4.5. Rest of Asia pacific
8.2.5. By Price Point Analysis
8.2.6. Company Market Share (Top 3-5)
8.2.7. Manufacturer & Distributor List (Top 5)
8.2.8. Economic Impact Study on Asia-Pacific Wafer Biscuits Market
- The Middle East & Africa Wafer Biscuits Market, 2017-2030
9.1. The Middle East & Africa Wafer Biscuits Market size & Forecast, 2017-2030
9.1.1. Demand
9.1.1.1. By Value (USD Billion)
9.1.2. Consumption
9.1.2.1. By Volume (Kilo Tons)
9.1.3. Supply/Production
9.1.3.1. By Volume (Kilo Tons)
9.2. The Middle East & Africa Wafer Biscuits Market Share & Forecast, 2017-2030
9.2.1. By Form Types
9.2.1.1. Cream filled
9.2.1.2. Coated
9.2.2. By Application
9.2.2.1. Sandwich cookies
9.2.2.2. Chocolate bar
9.2.2.3. Ice cream decoration
9.2.3. By Distribution Channel
9.2.3.1. Retail Outlets
9.2.3.2. Convenience Stores
9.2.3.3. Online retailers
9.2.3.4. Supermarket/Hypermarkets
9.2.4. By Country
9.2.4.1. Saudi Arabia
9.2.4.2. UAE
9.2.4.3. South Africa
9.2.4.4. Rest of The Middle East & Africa
9.2.5. By Price Point Analysis
9.2.6. Company Market Share (Top 3-5)
9.2.7. Manufacturer & Distributor List (Top 5)
9.2.8. Economic Impact Study on The Middle East & Africa Wafer Biscuits Market
- South America Wafer Biscuits Market, 2017-2030
10.1. South America Wafer Biscuits Market size & Forecast, 2017-2030
10.1.1. Demand
10.1.1.1. By Value (USD Billion)
10.1.2. Consumption
10.1.2.1. By Volume (Kilo Tons)
10.1.3. Supply/Production
10.1.3.1. By Volume (Kilo Tons)
10.2. South America Wafer Biscuits Market Share & Forecast, 2017-2030
10.2.1. By Form Types
10.2.1.1. Cream filled
10.2.1.2. Coated
10.2.2. By Application
10.2.2.1. Sandwich cookies
10.2.2.2. Chocolate bar
10.2.2.3. Ice cream decoration
10.2.3. By Distribution Channel
10.2.3.1. Retail Outlets
10.2.3.2. Convenience Stores
10.2.3.3. Online retailers
10.2.3.4. Supermarket/Hypermarkets
10.2.4. By Country
10.2.4.1. Brazil
10.2.4.2. Argentina
10.2.4.3. Rest of South America
10.2.5. By Price Point Analysis
10.2.6. Company Market Share (Top 3-5)
10.2.7. Manufacturer & Distributor List (Top 5)
10.2.8. Economic Impact Study on South America Wafer Biscuits Market
- Competitor Analysis
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company profile
11.7.1. Nestle SA
11.7.2. Mars,
11.7.3. Mondelez International,
11.7.4. Hershey Food Corp,
11.7.5. Antonelli Bros,
11.7.6. Bolero
11.7.7. Dukes
11.7.8. Kellogg
11.7.9. Lago Group
11.7.10. Other Prominent Players.
Frequently Asked Questions (FAQ):
Wafer Biscuits are the type of baked biscuits that have crunchy layers. The raw material used in wafer biscuits has nutritional ingredients that make it a healthy, munching snack.
They are changing consumer lifestyles and rising standard of living and their concern towards healthy living and eating habits. As the consumers are more aware of their health, they are keener to the gluten-free, and refined form of the grain considered a tasty and crunchy snack. On the other hand, the wafer biscuits’ economical pricing and easy availability are gaining the market and consumer towards the wafer biscuit market.
Based on application, wafer biscuits are classified into sandwiches, cookies, ice cream decoration, and chocolate bars.
Europe region is expected to have the largest share in the global energy drink market.
The global wafer biscuit market was valued at USD 100.92 billion in 2022 and it is estimated to reach USD126.7 Billion in 2030 with a CAGR of 2.6% during the forecast period of 2022-2030.
The Wafer biscuit market is quickly reaching its pre-covid levels. A healthy growth rate is expected over the forecast period driven by the economic revival in most developing nations. Lockdowns globally in 2020 and continuing government restrictions in 2021 disrupted the supply chain posing challenges for manufacturers in the wafer biscuits.
