Cookies Market Overview:
Cookies Market size was assessed to be USD 30.62 billion in 2019. The market is estimated to record reasonable growth with a CAGR of 5.3% throughout the estimated period 2020-2025. Cookies are eaten as a snack and are becoming increasingly popular with the population around the world. Frequent product innovations with respect to dynamic changes and customer wishes stimulate the demand for cookies. Market players are increasingly attracting customers with new flavors and innovative packaging. The use of safe ingredients as well as low sugar and low-calorie products makes cookies popular even among health-conscious consumers. The growth of people's incomes around the world, as well as a general improvement in the world economy, are important factors behind the growing demand for cookies. It has been observed that the younger population is more inclined to buy cookies as they are a good gift option combined with chocolates.
Impact of COVID-19 on global Cookies Market
COVID-19 pandemic has enhanced a number of consumer trends and stopped others, according to strategic market information available. Consumers are taking a more holistic approach to wellness, one that supports their spiritual and mental well-being as well as their physical health. Purchase decisions increasingly revolve around what healthcare products and services can provide them. This pursuit of optimal wellness is the key to future product development.
Recent Developments:
Market Drivers and Restraints:
The increasing popularity of products, especially in emerging regions, is expected to be the key driver for market growth. Also, strong demand for chocolate chip cookies in developed economies such as the United States, Germany and the United Kingdom will further stimulate the market. Increasing disposable income in emerging economies, including China and India, should stimulate demand for products in the coming years. The healthy cookie segment includes gluten-free, low sugar, low fat, low carb, organic and high fiber digestive cookies. The growing popularity of clean cookies should change the dynamics of the market, as more and more bakeries are working to certify the Non-GMO project. The growing popularity of low-sugar and low-carb diets in established economies, for example the US, is dynamic sales of low-carb and low-sugar cookies. For example, in 2018, friendly cookie startup Keto Fat Snax launched high-fat, low-carb cookies and sold them at 740 Vitamin Shoppe stores in the United States.
The increasing popularity of products as a gift option should also stimulate demand. Oatmeal and digestive ingredients are the main ingredients in cookies. Some cookies are gluten-free and have a high energy content. Nowadays, new flavors with exotic supplements are introduced to the market according to the changing demands of the consumers. Cookies made using a shortened baking process are fat-free and a consistent protein product. Growing issues related to glutamic ailments and lactose intolerance in developed economies in North America and Europe are predicted to increase demand for gluten-free cookies. Favorable regulations to guarantee organic labeling in the agri-food industry of finished products oblige manufacturers to improve labeling standards. The availability of alternative products, such as chocolates and cookies, should also pose a substitution threat to the market. Additionally, high manufacturing costs increase the cost of end products, which can hinder market development. On the flip side, the rising disposable income, along with innovative strategic techniques to lure new consumers by leading companies should drive future market growth.
Market Segmentation Analysis:
By Type:
By Ingredient:
By Distribution channel:
Regional Analysis:
The global Cookies market has been categorized on the basis of geography in the regions of North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America was the dominant regional business in 2018. The increase in sandwich cookie consumption, especially among the workforce in the United States and Canada, will further stimulate the regional market. Also, the availability of flavors like buttercream, chocolate, and peanut butter should contribute to growth.
The Asia Pacific is expected to remain the fastest-growing market with a compound annual rate of 6.8% between 2020 and 2025. The rapid improvement in the economy due to increased disposable income, urbanization, and lifestyle changes stimulate demand for products, increasing overall market growth in the coming years.
Leading Company:
Nestlé S.A. had the largest share of the Cookies Market in terms of sales and revenue in 2019.
Key Players:
The global Cookies Market is concentrated with well-established players. Some of the leading players in the market include Parle Products Private Limited, Danone S.A., Mondelēz International, The Campbell Soup Company, Britannia Industries Ltd, PepsiCo, Nestlé S.A., and The Kellogg Company.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Bar
5.1.3 Sandwich
5.1.4 Drop
5.1.5 Rolled
5.1.6 Molded
5.1.7 Refrigerator
5.1.8 No-bake
5.1.9 Fried
5.1.10 Y-o-Y Growth Analysis, By type
5.1.11 Market Attractiveness Analysis, By type
5.1.12 Market Share Analysis, By type
5.2 Ingredient
5.2.1 Introduction
5.2.2 Chocolate
5.2.3 Chocolate chip
5.2.4 Oatmeal
5.2.5 Butter
5.2.6 Cream
5.2.7 Ginger
5.2.8 Coconut
5.2.9 Honey
5.2.10 Others
5.2.11 Y-o-Y Growth Analysis, By Ingredient
5.2.12 Market Attractiveness Analysis, By Ingredient
5.2.13 Market Share Analysis, By Ingredient
5.3 Distribution channel
5.3.1 Introduction
5.3.2 Supermarkets and hypermarkets
5.3.3 Independent retailers
5.3.4 Convenience stores
5.3.5 Online sales
5.3.6 Y-o-Y Growth Analysis, By distribution channel
5.3.7 Market Attractiveness Analysis, By distribution channel
5.3.8 Market Share Analysis, By distribution channel
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Ingredient
6.1.3.4 By Distribution channel
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Ingredient
6.1.4.4 By Distribution channel
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Ingredient
6.1.5.4 By Distribution channel
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Mondelez International
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Kellogg Co.
8.3 Campbell Soup Co.
8.4 Nestle SA
8.5 United Biscuits
8.6 PepsiCo
8.7 M. Dias Branco
8.8 Britannia Industries
8.9 Barilla G. e R. Fratelli
8.10 Arcor U.S.A.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
