Asia Pacific Wafer Biscuits Market

Asia Pacific Wafer Biscuits Market Size (2024 to 2029)

As per our analysis report, the Asia Pacific Wafer Biscuits Market is expected to reach USD 31.79 billion by 2029 from USD 24.82 billion in 2024, growing at a compound annual growth rate (CAGR) of 5.07% during the forecast period.

MARKET OVERVIEW

Wafer biscuits are crisp and thin usually filled with cream. They are gaining immense popularity. They are also used in the preparation of ice cream sandwiches. An ever-increasing demand for convenience food along with a rise in disposable income is driving the growth of the wafer market. They have a widespread application including the manufacture of ice creams and chocolate bars, which add to the market growth. Health concerns pose a major threat to the market, especially in developed countries. As a result, the manufacturers are developing new healthier varieties to attract the health-conscious population. Heavy competition, coupled with a rise in the number of alternative products, restrains the growth of this market.

This research report on the Asia Pacific Wafer Biscuits market has been segmented and sub-segmented into the following categories.

Asia Pacific Wafer Biscuits Market By Product 

• Cream filled

• coated

Asia Pacific Wafer Biscuits Market By Distribution Channel

• Supermarkets         
• Convenience stores             
• Food speciality stores         
• Online retailers      

Asia Pacific Wafer Biscuits Market By Application

• sandwich cookies

• ice cream decorations

• chocolate bars

The chocolate bars segment accounts for a major share of the market. By distribution channel, the market is classified into Supermarkets, convenience stores, food specialty stores, online retailers, and others. Supermarkets are currently dominating the market.

Asia Pacific Wafer Biscuits Market By Country

• China

• India

• Japan

• Australia

• South Korea

The Asia Pacific is considered to be growing at a fast pace due to the rising population and an increase in disposable income.

KEY MARKET PLAYERS

• Nestle SA
• Mondelez International
• United Biscuits
• Hershey Food Corp
• Antonelli Bros
• Artisan Biscuits
• Bolero
• Kellogg
• Lago Group