Global Cookies Market Size To Worth USD 52.98 Billion By
From GlobeNewswire: 2024-05-16 16:00:00
The Global Cookies Market is expected to grow from $27.08 billion in 2023 to $52.98 billion by 2033, with a CAGR of 6.9%. Cookies, made with flour, sugar, and fat, provide various nutrients and flavors. The market growth is driven by unique ingredients, flavors, and consumer demand for convenient snack options due to busy lifestyles.
The bar cookies segment is anticipated to dominate the global cookies market, offering easy storage and a long shelf life. The rigid packaging segment is forecasted to grow rapidly due to its ability to retain cookie freshness and form. Offline distribution channels, like supermarkets and hypermarkets, are projected to hold a significant share of the market.
Europe is expected to lead the global cookies market, with the UK experiencing the fastest growth. North America is forecasted to have the fastest growth rate, driven by consumer preference for healthier cookie options. Major vendors in the market include name brands like Hershey, Mars, and United Biscuits.
In 2023, ITC Foods launched millet cookies as part of its ‘Mission Millet’ initiative. This study segment revenue by type, packaging, distribution channel, and region. For more information on related reports, browse Spherical Insights & Consulting for comprehensive market analysis and forecasts.
Read more at GlobeNewswire: Global Cookies Market Size To Worth USD 52.98 Billion By