China Biscuit Market:
Growth Opportunities in the China Biscuit Market look promising over the next six years. This is mainly due to the increasing consumption of bakery and cereals among consumers, the rising urbanization, the growing number of health-conscious consumers, and the rising working population. The growing awareness associated with the consumption pattern of a balanced and healthy diet will drive the market growth.
China Biscuit Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The increasing consumption of bakery and cereals among consumers, followed by the rising urbanization are the factors contributing to the growth of the China biscuit market. Furthermore, the growing number of health-conscious consumers and the rising working population will further surge the growth of the market in the coming years. The growing awareness associated with the consumption pattern of a balanced and healthy diet due to the busy lifestyle of consumers and the growing consumer demand for natural and non-GMO products will further fuel the growth of the China biscuit market.
The rising disposable income and the strong demand for processed food among individuals will further stimulate the growth of the market during the forecast period. The high adoption of western culture and the easy availability of various flavors in biscuits, including sweet biscuits, will further propel the market growth. In addition to this, organizations are largely investing in the development of new flavors to capture market growth. For example, the outbreak of the COVID-19 Pandemic has positively impacted the demand for healthy and convenient food items. On the other hand, increasing competition among manufacturing organizations will hamper the growth of the market.
Product Type Segment Drivers
Based on the product type, the crackers and crispbreads is projected to rise at a faster CAGR in the coming years due to the increasing awareness associated with fitness and health among consumers. In addition to this, the strong demand for healthy and natural ingredient-based biscuits will further support the market growth.
Distribution Channel Segment Drivers
Based on the distribution channel, the online is anticipated to rise at a higher CAGR in the coming years due to the rising internet penetration and the high adoption of e-commerce websites in China. Additionally, the rising consumer preference for online shopping through numerous platforms, followed by the availability of multiple flavors, discount, and feasible delivery options, will further accelerate the growth of the market during the forecast period.
China Biscuit Market’s leading Manufacturers:
- Mondelez International, Inc.
- Fujian Dali Group
- Orion Food Co. Ltd
- Liwayway Holdings Company Limited
- Jinan Dali Food Co Ltd
- Nestle China Ltd.
- Kellogg Company
- Yildiz Holdings
- Bright Food (Group) Co. Ltd
- PepsiCo Food (China) Co Ltd
- Want Want China Holdings Limited
- Luohe Hengda Co Ltd
China Biscuit Market Segmentation:
Segmentation by Product Type:
- Plain Biscuit
- Sandwiched Biscuits
- Crackers and Crispbreads
Segmentation by Distribution Channel:
- Convenience Stores
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