Wafer Biscuit Market Key Players Analysis 2031
The Wafer Biscuit Market is expected to register a CAGR of 5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by flavor (vanilla, chocolate, strawberry, others), category (organic, conventional). The report further presents analysis based on distribution channel (supermarkets and hypermarkets, convenience stores, online retail, others). The global analysis is further broken-down at regional level and major countries. In terms of geography, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Wafer Biscuit Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Wafer Biscuit Market Segmentation
Flavor- Vanilla
- Chocolate
- Strawberry
- Others
- Vanilla
- Chocolate
- Strawberry
- Others
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Retail
- Others
Strategic Insights
Wafer Biscuit Market Growth Drivers- Busy Lifestyles Drive Demand for Convenient Ready-to-Eat Wafer Biscuits: The surge in consumer demand for ready-to-eat snack foods is very important in the growth of wafer biscuit market. People lead busier lives and look for snacks that can be eaten while carrying on with other activities. This is why wafer biscuits have become quite common as a sweet and quick snack.
- Health-Conscious Consumers Fuel Demand for Healthier Wafer Biscuit Variants: The growing inclination towards healthy eating is also true for moms which has made the companies come up with other wafer biscuit ideas that are healthier. These healthy variations include the low calorie and whole grain as well as the fortified ones that the health conscious consumers are able to enjoy without guilt.
- E-Commerce and Modern Retail Expansion Boost Wafer Biscuit Market Reach: The rise of distribution channels, especially via e-commerce and modern retail, is increasing the share of the wafer biscuit in the overall market. The presence of these items within supermarkets and convenience stores is helping widen the consumer base for these products thus increasing the revenues and market base of the products in various age groups.
- Health-Oriented Innovations Drive Demand for Healthier Wafer Biscuits: Healthier product innovations is one of the key trends which has been noted in the wafer biscuit market. More and more manufacturers are focused on developing sugar-free, whole grain, and high fiber options. This change is more about the health oriented trend which says food can be healthy and does not mean that the food has to taste dull.
- Eco-Friendly and Convenient Packaging Enhances Wafer Biscuit Appeal: There is a rising trend of usage of new age packages in the wafer biscuits industry. Companies are also using eco-friendly materials and easy to carry and fresh maintaining packaging designs. This trend is not only beneficial to the green consumers but also enhances the experience of the consumers as a whole.
- Flavor Innovation Expands Wafer Biscuit Market Reach with Unique Varieties: It can be seen that there is a growing demand of flavor extension in the wafer biscuit industry. Such companies would like to go for unique and unexplored flavors for such enterprising consumers. Including matcha, salted caramel, and blending with certain fruits, which helps in reaching out to all the taste buds of the population making it universally accepted.
- Customer Demand for Healthy Options: With the growing health awareness it creates a bigger opening for the manufacturers to work onto the healthier wafer biscuit options such as low-calorie, sugar-free, and whole grain varieties, to create a demand for nutritious yet tasty snacks.
- Growth of e-commerce: The high rise in online shopping serves as potential ground for wafer biscuit brands to develop. It provides e-commerce platforms to sell direct-to-consumers, increase brand visibility and reach a wider market with products.
- Latest Flavours: There is a rising demand for distinctive and various flavours in the wafer biscuit market. With the improvisation of combining new tastes like matcha, salted caramel or fruit mixes, brands may attract adventurous consumers and widen their market base.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Wafer Biscuit Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Wafer Biscuit Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Wafer Biscuit Market is estimated to witness a CAGR of 5% from 2023 to 2031
increasing consumer preference for convenient snacks and rising popularity of flavored wafer biscuit are the key factors driving the wafer biscuit market growth.
The expansion of E-commerce and product innovations in the wafer biscuit are likely to remain the key trends in the market.
Gullon, Ruger Wafers, The Ferrero Group, A Loacker Spa, Goya Foods Inc, Conagra Brands Inc, Simply Good Foods USA Inc, Thomas Tunnock Ltd, Mondelez International, Bahlsen are among the leading players operating in the wafer biscuit market.
Based on geography, North America held the largest share of the wafer biscuit market.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Wafer Biscuit Market - By Form
1.3.2 Wafer Biscuit Market - By Distribution Channel
1.3.3 Wafer Biscuit Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WAFER BISCUIT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. WAFER BISCUIT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. WAFER BISCUIT MARKET - GLOBAL MARKET ANALYSIS
6.1. WAFER BISCUIT - GLOBAL MARKET OVERVIEW
6.2. WAFER BISCUIT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. WAFER BISCUIT MARKET - REVENUE AND FORECASTS TO 2028 - FORM
7.1. OVERVIEW
7.2. FORM MARKET FORECASTS AND ANALYSIS
7.3. CREAM FILLED
7.3.1. Overview
7.3.2. Cream Filled Market Forecast and Analysis
7.4. COATED
7.4.1. Overview
7.4.2. Coated Market Forecast and Analysis
8. WAFER BISCUIT MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS AND HYPERMARKETS
8.3.1. Overview
8.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
8.4. CONVENIENCE STORES
8.4.1. Overview
8.4.2. Convenience Stores Market Forecast and Analysis
8.5. ONLINE
8.5.1. Overview
8.5.2. Online Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. WAFER BISCUIT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Wafer Biscuit Market Overview
9.1.2 North America Wafer Biscuit Market Forecasts and Analysis
9.1.3 North America Wafer Biscuit Market Forecasts and Analysis - By Form
9.1.4 North America Wafer Biscuit Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Wafer Biscuit Market Forecasts and Analysis - By Countries
9.1.5.1 United States Wafer Biscuit Market
9.1.5.1.1 United States Wafer Biscuit Market by Form
9.1.5.1.2 United States Wafer Biscuit Market by Distribution Channel
9.1.5.2 Canada Wafer Biscuit Market
9.1.5.2.1 Canada Wafer Biscuit Market by Form
9.1.5.2.2 Canada Wafer Biscuit Market by Distribution Channel
9.1.5.3 Mexico Wafer Biscuit Market
9.1.5.3.1 Mexico Wafer Biscuit Market by Form
9.1.5.3.2 Mexico Wafer Biscuit Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Wafer Biscuit Market Overview
9.2.2 Europe Wafer Biscuit Market Forecasts and Analysis
9.2.3 Europe Wafer Biscuit Market Forecasts and Analysis - By Form
9.2.4 Europe Wafer Biscuit Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Wafer Biscuit Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Wafer Biscuit Market
9.2.5.1.1 Germany Wafer Biscuit Market by Form
9.2.5.1.2 Germany Wafer Biscuit Market by Distribution Channel
9.2.5.2 France Wafer Biscuit Market
9.2.5.2.1 France Wafer Biscuit Market by Form
9.2.5.2.2 France Wafer Biscuit Market by Distribution Channel
9.2.5.3 Italy Wafer Biscuit Market
9.2.5.3.1 Italy Wafer Biscuit Market by Form
9.2.5.3.2 Italy Wafer Biscuit Market by Distribution Channel
9.2.5.4 United Kingdom Wafer Biscuit Market
9.2.5.4.1 United Kingdom Wafer Biscuit Market by Form
9.2.5.4.2 United Kingdom Wafer Biscuit Market by Distribution Channel
9.2.5.5 Russia Wafer Biscuit Market
9.2.5.5.1 Russia Wafer Biscuit Market by Form
9.2.5.5.2 Russia Wafer Biscuit Market by Distribution Channel
9.2.5.6 Rest of Europe Wafer Biscuit Market
9.2.5.6.1 Rest of Europe Wafer Biscuit Market by Form
9.2.5.6.2 Rest of Europe Wafer Biscuit Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Wafer Biscuit Market Overview
9.3.2 Asia-Pacific Wafer Biscuit Market Forecasts and Analysis
9.3.3 Asia-Pacific Wafer Biscuit Market Forecasts and Analysis - By Form
9.3.4 Asia-Pacific Wafer Biscuit Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Wafer Biscuit Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Wafer Biscuit Market
9.3.5.1.1 Australia Wafer Biscuit Market by Form
9.3.5.1.2 Australia Wafer Biscuit Market by Distribution Channel
9.3.5.2 China Wafer Biscuit Market
9.3.5.2.1 China Wafer Biscuit Market by Form
9.3.5.2.2 China Wafer Biscuit Market by Distribution Channel
9.3.5.3 India Wafer Biscuit Market
9.3.5.3.1 India Wafer Biscuit Market by Form
9.3.5.3.2 India Wafer Biscuit Market by Distribution Channel
9.3.5.4 Japan Wafer Biscuit Market
9.3.5.4.1 Japan Wafer Biscuit Market by Form
9.3.5.4.2 Japan Wafer Biscuit Market by Distribution Channel
9.3.5.5 South Korea Wafer Biscuit Market
9.3.5.5.1 South Korea Wafer Biscuit Market by Form
9.3.5.5.2 South Korea Wafer Biscuit Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Wafer Biscuit Market
9.3.5.6.1 Rest of Asia-Pacific Wafer Biscuit Market by Form
9.3.5.6.2 Rest of Asia-Pacific Wafer Biscuit Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Wafer Biscuit Market Overview
9.4.2 Middle East and Africa Wafer Biscuit Market Forecasts and Analysis
9.4.3 Middle East and Africa Wafer Biscuit Market Forecasts and Analysis - By Form
9.4.4 Middle East and Africa Wafer Biscuit Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Wafer Biscuit Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Wafer Biscuit Market
9.4.5.1.1 South Africa Wafer Biscuit Market by Form
9.4.5.1.2 South Africa Wafer Biscuit Market by Distribution Channel
9.4.5.2 Saudi Arabia Wafer Biscuit Market
9.4.5.2.1 Saudi Arabia Wafer Biscuit Market by Form
9.4.5.2.2 Saudi Arabia Wafer Biscuit Market by Distribution Channel
9.4.5.3 U.A.E Wafer Biscuit Market
9.4.5.3.1 U.A.E Wafer Biscuit Market by Form
9.4.5.3.2 U.A.E Wafer Biscuit Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Wafer Biscuit Market
9.4.5.4.1 Rest of Middle East and Africa Wafer Biscuit Market by Form
9.4.5.4.2 Rest of Middle East and Africa Wafer Biscuit Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Wafer Biscuit Market Overview
9.5.2 South and Central America Wafer Biscuit Market Forecasts and Analysis
9.5.3 South and Central America Wafer Biscuit Market Forecasts and Analysis - By Form
9.5.4 South and Central America Wafer Biscuit Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Wafer Biscuit Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Wafer Biscuit Market
9.5.5.1.1 Brazil Wafer Biscuit Market by Form
9.5.5.1.2 Brazil Wafer Biscuit Market by Distribution Channel
9.5.5.2 Argentina Wafer Biscuit Market
9.5.5.2.1 Argentina Wafer Biscuit Market by Form
9.5.5.2.2 Argentina Wafer Biscuit Market by Distribution Channel
9.5.5.3 Rest of South and Central America Wafer Biscuit Market
9.5.5.3.1 Rest of South and Central America Wafer Biscuit Market by Form
9.5.5.3.2 Rest of South and Central America Wafer Biscuit Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. WAFER BISCUIT MARKET, KEY COMPANY PROFILES
11.1. ANTONELLI
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ARTISAN BISCUITS LTD.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BAHLSEN
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BAUDUCCO FOODS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. LAGO GROUP S.P.A.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MARS INCORPORATED
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MONDELEZ INTERNATIONAL, INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NESTLE SA
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. PLADIS GLOBAL
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THE HERSHEY COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Antonelli
2. Artisan Biscuits Ltd.
3. Bahlsen
4. Bauducco Foods
5. Lago Group S.p.A.
6. Mars Incorporated
7. Mondelez International, Inc.
8. Nestle SA
9. Pladis Global
10. The Hershey Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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