Growth Drivers
Expanding health awareness and budding food safety concerns
Consumers are shifting to natural food products owing to growing awareness about wellbeing, and increasing incidences of obesity and other lifestyle diseases. Besides, companies are implementing novel promotional strategies such as TV campaigns to spread awareness about their healthy products.
Additionally, an increase in per capita consumption in emerging economies, increase of supermarkets and hypermarkets has led to the increased prominence of the healthy biscuits offered in the market.
Challenges
High raw material costs and a rising tax weight on the industry might hamper the healthy biscuits market growth in the near future.
Base Year |
2023 |
Forecast Year |
2024–2036 |
CAGR |
5.3% |
Base Year Market Size (2023) |
USD 2.76 billion |
Forecast Year Market Size (2036) |
USD 5.4 billion |
Regional Scope |
|
Author Credits: Parul Atri
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