Asia Pacific Wafer Biscuits Market was worth USD XX billion in 2021 and estimated to be growing at a CAGR of 4.9%, to reach USD XX billion by 2027.
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.
The market for Wafer Biscuits is broadly categorized into
product
application
distribution channels
By product
Cream filled
coated
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.
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.
Nestle SA
Mondelez International
United Biscuits
Hershey Food Corp
Antonelli Bros
Artisan Biscuits
Bolero
Kellogg
Lago Group
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