The Europe Biscuits market is growing along with the Food and Beverages industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
The 12 billion Western European biscuit market is dominated by four large companies, mainly from the major European economies. As the European economy is still recovering, biscuits may seem like a luxury item to some budget-conscious households. People demand the value of money.
Biscuit is small bread made from a mixture of flour, sugar or salt, and butter or vegetable shortening, with baking powder as a leavening agent. Biscuits have high nutritional profile, including fats, fibers, and carbohydrates. This makes them a highly preferred breakfast meal consumed in Europe.
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The recent COVID-19 outbreak, which first began in Wuhan (China) in December 2019, has spread at a fast pace all over the world. The food and beverage industry is one of the major industries witnessing operational disturbances due to disrupted supply chains, technology events cancellations, office shutdowns etc. as a result of this outbreak. The lockdown of various plants and factories at prime locations in Europe is affecting the supply chains and negatively impacting the manufacturing, delivery schedules, and sales. Besides this, the global travel bans imposed by countries in Europe, Asia, and North America are affecting the business collaborations and partnerships. In Europe, Italy is the hardest-hit country by this outbreak, and it is expected to suffer an economic hit due to a lack of revenue from various industries. Other European Union member countries have implemented drastic measures and travel restrictions, including partial closing of borders.
These factors are expected to offer broad growth opportunities in the Food and Beverages industry and this is expected to cause the demand for Biscuits in the market.
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Europe Biscuits – MARKET SEGMENTATION
Biscuits Market, by Type
Biscuits Market, by Packaging
Biscuits Market, by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Store
- Online Retail
- Britannia Industries limited
- Burton’s Biscuit Company
- ITC Ltd.
- Kellogg Company
- Lotus Bakeries NV
- Mondelez International, Inc.
- Nestlé S.A.
- Parle Products Pvt. Ltd.
- United Biscuits (UK) Limited
- Walkers Shortbread Ltd.
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