North America biscuits market is projected to grow with a CAGR of 5.08 during the forecast period 2019-2024.
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 North America. There is a rising consumer demand for products containing non genetically modified and natural ingredients owing to growing awareness regarding health and safety concerns. In addition to improving lifestyles, the popularization of easy purchase through online shopping, among other new methods of sales, is keeping the sector alive. Moreover, the biscuit producers have effortlessly storable products on shelf for e-trade; thus, the increasing number of online retailers is boosting biscuit manufacturers business.
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The global biscuits market has several companies producing numerous biscuit products for various regions. In addition to dominant, large-scale production companies, local small-scale bakers focused on innovation are also producing delicious biscuit products with authentic recipes. As a result, rivalry in the international market has become fierce owing to a substantial number of local and international players. Moreover, they are focusing on producing new, healthier biscuit variants using highly nutritional raw materials. Such severe competition compels companies to adopt innovative approaches to enhance their product quality.
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NORTH AMERICA BISCUITS MARKET SEGMENTATION
Biscuits Market, by Type
Biscuits Market, by Packaging
Biscuits Market, by Distribution Channel
Supermarkets and Hypermarkets
Britannia Industries limited
Burton’s Biscuit Company
Lotus Bakeries NV
Mondelez International, Inc.
Parle Products Pvt. Ltd.
United Biscuits (UK) Limited
Walkers Shortbread Ltd.
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