The global cookies market size was valued at USD 30.62 billion in 2018 and is projected to expand at a CAGR of 5.3% from 2019 to 2025. Growing product popularity, especially in emerging regions, is expected to be the key factor fueling the market growth. Moreover, high demand for chocolate cookies in developed economies like the U.S., Germany, and the U.K. will boost the market further. Bakery manufacturers attract customers with innovative packaging solutions and by launching new flavor variants, such as pineapple.
Rising disposable income in emerging economies including China and India is projected to drive the product demand over the years to come. Rising product popularity as gifting option is also projected to boost the demand. Oats and digestive ingredients are the major ingredients in cookies. Certain cookies are gluten-free and high on energy. Now-a-days, new flavors with exotic add-ons are being introduced in the market as per the changing consumer demands.
Cookies prepared by shortened baking process are fat-free and a cohesive product of protein. Rising concerns over glutamic disorders and lactose intolerance in developed countries of North America and Europe are projected to increase the demand for gluten-free cookies. Supportive regulations aimed for ensuring organic labeling in food & beverage industry for the finished goods is forcing the manufacturers to improve label standards. These factors are also likely to have a positive impact on the market growth.
Availability of alternative products, such as chocolates and biscuits, is also projected to pose a substitutional threat to the market. Moreover, high manufacturing costs result in the increased cost of the end products, which may hamper market development. On the other hand, increasing disposable income levels along with innovative strategic marketing techniques used to attract new consumers by key companies is expected to propel the market growth in future.
Bar cookies segment generated the largest revenue of USD 10.14 billion in 2018. Rising popularity of these products due to various health benefits offered by them, such as improving the blood circulation and functioning of heart health, is the key factor driving the segment. Drop cookies are expected to generate a revenue of more than USD 8 billion by 2025. New product launches by companies, such as Dunkin and Oreo, in this segment through online channels and supermarkets is projected to open growth avenues for the market.
Offline channel is expected to be the largest distribution channel segment from 2019 to 2025. High visibility of supermarkets and convenience stores as key selling channels in developing economies including China and India is projected to drive the segment. However, online channels segment is expected to register the fastest growth of 5.9% over the forecast years on account of rising popularity of e-commerce portals.
In addition, increasing number of smart phone users due to constant product developments with advanced internet applications by companies including Xiaomi, Oppo, Nokia, and Apple is projected to fuel the segment growth in the years to come.
North America was the dominant regional market in 2018. Rising consumption of sandwich biscuits, especially among working class population in U.S. and Canada will drive the regional market further. Moreover, availability of flavors, such as buttercream, chocolate, and peanut butter, is expected to contribute to the growth.
Asia Pacific is expected to remain the fastest-growing market at a CAGR of 6.8% from 2019 to 2025. Rapidly improving economic due to rising disposable income, urbanization, and changing lifestyle is projected to drive the product demand, thereby augmenting the overall market growth in the years to come.
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. Product innovation coupled with the establishment of strategic business partnerships with the distributors located in developing countries like China, India, and Bangladesh is projected to remain a critical success factor over the next eight years. For instance, Nestlé recently launched a new product called Pumpkin Cobbler Cookies. Starbucks and Nestlé closed the deal to provide packaged goods and consumer goods to Starbucks. Furthermore, Britannia is developing healthy low-fat cookies targeting the market of India.
Attribute |
Details |
Base year for estimation |
2018 |
Actual estimates/Historical data |
2015 - 2017 |
Forecast period |
2018 - 2025 |
Market representation |
Revenue in USD Billion and CAGR from 2018 to 2025 |
Regional scope |
North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa |
Country scope |
U.S., Canada, Mexico, Germany, U.K., China, India, Japan, Brazil, and South Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors and trends |
15% free customization scope (equivalent to 5 analyst working days) |
If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization |
This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global cookies market report on the basis of product, distribution channel, and region:
Product Outlook (Revenue, USD Billion, 2015 - 2025)
Bar
Molded
Rolled
Drop
Others
Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)
Offline
Online
Regional Outlook (Revenue, USD Billion, 2015 - 2025)
North America
The U.S.
Canada
Mexico
Europe
Germany
The U.K.
Asia Pacific
China
India
Japan
Central & South America
Brazil
Middle East & Africa
South Africa
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Amidst the global pandemic crisis and the indefinite lockdown across nations, the consumer food & beverage industry first witnessed high demand for household staples, healthy food items, and consumables with longer shelf lives. The demand for frozen food products, fruits & vegetables, eggs, flour, and whole grains, among others, witnessed a considerable increase during the early stages of the crisis. Presently, most companies in the industry are faced with low consumption of their products and supply chain challenges. The companies are focusing more on altering their supply chains in order to reinforce their online presence and delivery measures, in an attempt to adapt to the present business environment. The changes in consumer buying behavior and the dynamic shifts towards online and D2C distribution channels may have serious implications on the near future growth of the industry. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections.