Cookies Market 2024-2032: Industry Size, Share, Growth Rate and Business Statistics

The latest report published by IMARC Group, titled “Cookies Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on cookies market report. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global cookies market size reached US$ 38.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 57.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.36% during 2024-2032.

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Factors Affecting the Growth of the Cookies Industry:

• Changing Consumer Preferences:

The global cookies market is significantly influenced by evolving consumer preferences and emerging market trends. A notable shift towards healthier, organic, and gluten-free options has been observed, driving manufacturers to innovate in product offerings. This evolution aligns with the growing awareness of health and wellness among consumers, impacting market growth positively. Additionally, the demand for convenience and ready-to-eat snacks is another trend shaping the market landscape. These trends affect the market size and also dictate the strategic direction of companies vying for a significant market share.

• Technological Advancements in Production:

The application of advanced technology in the production of cookies has been a crucial factor in the market growth. Along with this, innovative baking techniques and automation have enhanced the efficiency and scale of production, allowing manufacturers to cater to increasing global demand. This technological progression has led to improvements in product quality, shelf-life, and variety, thereby contributing to an expanded market size. Market analysis shows that companies investing in these technologies are likely to gain a competitive edge, influencing their market share and positioning in the global cookies market.

• Globalization and Market Expansion:

The expansion of global retail networks and e-commerce platforms plays a significant role in the market growth of cookies. Increased accessibility to diverse consumer bases through online channels has allowed brands to extend their market reach, contributing to the overall market size. Moreover, the rising popularity of Western dietary patterns in emerging economies presents lucrative opportunities for market expansion. This aspect, coupled with strategic marketing and distribution efforts, is pivotal in defining the market share and outlook of key players in the cookies market. Market analysis indicates that companies’ adept at navigating these global channels are better positioned for long-term growth and market dominance.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Ben's Cookies
• Britannia Industries Limited (Wadia Group)
• General Mills Inc.
• Great American Cookies
• Grupo Bimbo S.A.B. de C.V.
• Lotus Bakeries
• Mondelez International Inc.
• Nairns Oatcakes Ltd.
• Pacific Cookie Company
• Parle Products
• UNIBIC Foods India Pvt. Ltd.
• Voortman Cookies

Cookies Market Report Segmentation:

Breakup by Ingredient:

• Chocolate
• Chocolate Chip
• Oatmeal
• Butter
• Cream
• Ginger
• Coconut
• Honey
• Others

On the basis of ingredient, the market has been divided into chocolate, chocolate chip, oatmeal, butter, cream, ginger, coconut, honey, and others.

Breakup by Product:

• Drop Cookies
• Bar Cookies
• Molded Cookies
• No-bake Cookies
• Ice Box Cookies
• Rolled Cookies
• Sandwich Cookies
• Others

Bar cookies dominate the product segment due to their convenience, ease of portion control, and diverse flavor offerings that cater to a wide range of consumer tastes.

Breakup by Packaging:

• Rigid
• Flexible
• Others

Rigid packaging is preferred in the cookies market for its superior protection against damage and longer shelf life, ensuring product integrity during transportation and storage.

Breakup by Sales Channel:

• Online Channels
• Offline Channels

The prominence of online channels is driven by the increasing consumer preference for convenience, wider variety, and the ability to easily compare prices and products.

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

North America's leading position in the market can be attributed to high consumer spending power, established distribution networks, and a strong presence of key cookie manufacturers in the region.

Global Cookies Market Trends:

The cookies market is currently witnessing a rise in demand for artisanal and gourmet varieties, a trend driven by a growing consumer inclination towards premium, high-quality products. This preference for luxury and specialty cookies is altering consumer purchasing behaviors and shaping the market landscape.

Additionally, the integration of exotic and unconventional flavors is becoming increasingly popular, catering to a more adventurous consumer palate. These trends are expanding the product range and also influencing the packaging and marketing strategies of brands. Digital marketing campaigns and social media influence are further amplifying the visibility and appeal of these innovative products, significantly impacting market dynamics.

Key highlights of the report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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