Cookies Market to Grow with a CAGR of 9.16% Globally through 2029
The global
cookies market is growing rapidly, driven by the growing retail channels, and
customization & catering to specific dietary needs are gaining traction
with brands offering sugar-free, protein-rich, etc.
According
to TechSci Research report, “Global Cookies Market - Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2029”, the global cookies
market stood at USD 11.15 billion in 2023 and is anticipated to grow with a
CAGR 9.16% in the forecast period, 2025-2029. The Global Cookies Market is
dynamic, driven by diverse factors shaping consumer preferences and industry
trends. Increasing demand for convenient and indulgent snacks, driven by
changing lifestyles and urbanization, propels market growth. Health-conscious
choices, including gluten-free and nutritious variants, are gaining prominence.
The market experiences fierce competition, with companies focusing on
innovation in flavors, textures, and eco-friendly packaging to stay ahead.
Premiumization and exotic flavor offerings cater to evolving consumer tastes,
while online sales channels continue to expand. However, challenges arise from
health concerns, fluctuating raw material costs, regulatory scrutiny, and the
need for sustainable practices, influencing market dynamics.
Browse
over xx market data Figures spread through xxx Pages and an in-depth TOC
on "Global Cookies Market”
One of the
notable trends shaping the Global Cookies Market is the growing emphasis on
health-conscious choices. As consumers become more health-aware, there is a
rising demand for cookies that align with dietary preferences and nutritional
requirements. This trend is evident in the popularity of gluten-free cookies,
catering to individuals with gluten sensitivity or those opting for gluten-free
diets. Nutrient-rich variants, incorporating ingredients like whole grains,
nuts, and seeds, are gaining traction as consumers seek snacks that not only satisfy
their cravings but also offer some nutritional benefits.
The market is
also witnessing a shift towards sustainability, with an increasing focus on
eco-friendly packaging. As environmental concerns rise, consumers are becoming
more conscious of the impact of packaging on the planet. This has prompted
cookie manufacturers to explore and adopt sustainable packaging solutions, such
as recyclable materials and reduced plastic usage. Companies that prioritize
environmentally friendly practices are gaining favor among consumers who align
their purchasing decisions with sustainability goals.
In the realm of
innovation, flavor and texture play a pivotal role in captivating consumer
taste buds. Manufacturers are continually introducing novel and exotic flavors
to differentiate their products and cater to diverse palates. Premiumization
has become a key strategy, with cookies positioned as a more indulgent and
luxurious treat. Unique combinations of flavors, high-quality ingredients, and
artisanal crafting techniques are employed to elevate cookies from a mundane
snack to a premium culinary experience. This trend not only meets the demand
for elevated taste experiences but also allows companies to command premium
prices in the market.
The rise of
e-commerce has significantly impacted the distribution channels for cookies.
Online sales have become a major contributor to the Global Cookies Market,
providing consumers with the convenience of ordering their favorite snacks from
the comfort of their homes. E-commerce platforms offer a vast array of choices,
enabling consumers to explore different brands, flavors, and product categories
with ease. This shift in consumer behavior has prompted cookie manufacturers to
enhance their online presence, ensuring that their products are readily
available to a digitally savvy audience.
However, the
Global Cookies Market is not without its challenges. Intense competition
prevails among manufacturers, leading to price wars and profit margin
pressures. The health impact of sugary snacks has come under scrutiny, with
consumers and health authorities expressing concerns about the high sugar
content in many cookies. This has prompted manufacturers to explore alternative
sweeteners and reduce sugar levels in their products to align with changing
health perceptions.
Fluctuating raw
material costs pose another challenge for players in the market. Ingredients
such as flour, sugar, and cocoa are subject to price volatility, impacting
production costs and profit margins. Manufacturers must navigate these
uncertainties by implementing effective cost management strategies and
exploring partnerships with suppliers to secure a stable and cost-effective
supply chain.
The global cookies
market is segmented into product type, type, sales channel, regional
distribution, and company.
Based on sales
channel, the market is segmented into hypermarkets/supermarkets, convenience
stores, online, others.
Online sales
have emerged as a rapidly growing segment in the Global Cookies Market, transforming
consumer purchasing habits. The convenience and accessibility of e-commerce
platforms have fueled the expansion of online cookie sales, offering consumers
a wide array of options and the flexibility to explore diverse brands and
flavors. This trend aligns with the broader shift towards digital shopping and
provides manufacturers with a global reach, tapping into new markets. The
online sales segment not only enhances the overall market visibility but also
facilitates personalized consumer experiences, contributing significantly to
the market's sustained growth and adaptability to evolving consumer
preferences.
Major companies
operating in global cookies market are:
- Mondelez
International, Inc.
- Nestlé S.A.
- Famous Amous Cookies
- Ferrero
International S.A.
- Mckee Foods
Corporation
- Grupo Bimbo,
S.A.B. de C.V.
- PepsiCo Inc.
- Britannia
Industries Ltd
- Parle Products
Private Limited
- Barilla Holding
S.p.A.
Download Free Sample Report
Customers can
also request for 10% free customization in this report.
“The
Global Cookies Market is characterized by a dynamic landscape influenced by
shifting consumer preferences and industry trends. A surge in demand for
convenient and indulgent snacks, driven by urbanization and changing lifestyles,
propels market growth. Noteworthy trends include the rise of health-conscious
choices such as gluten-free and nutritious variants, alongside a focus on
sustainability through eco-friendly packaging. Intense competition prompts
companies to innovate in flavors and textures, catering to evolving consumer
tastes. Premiumization and exotic flavors are key strategies, while online
sales channels contribute to market expansion. Nevertheless, challenges arise
from health concerns, fluctuating raw material costs, regulatory scrutiny, and
sustainability imperatives.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management consulting firm.
“Cookies Market – Global
Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product
Type (Bar, Molded, Rolled, Drop, Others), By Type (Plain & Butter-based
Cookies, Chocolate-based Cookies, Others), By Sales Channel (Hypermarkets/Supermarkets,
Convenience Stores, Online, Others), By Region, By Competition, 2019-2029”,
has evaluated the future growth potential of global cookies market and provides
statistics & information on market size, structure and future market growth.
The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the global cookies market.
Contact Us-
TechSci
Research LLC
420 Lexington
Avenue, Suite 300,
New York, United
States- 10170
M: +13322586602
Email: [email protected]
Website: www.techsciresearch.com