Latin America Wafer Biscuits Market was worth USD XX billion in 2021 and is estimated to be growing at a CAGR of 4.4%, 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, 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 channel
By product
Cream filled
coated
By application
sandwich cookies
ice cream decorations
chocolate bars
By distribution channel
Supermarkets
convenience stores
food speciality stores
online retailers
Argentina
Brazil
Mexico
rest of Latin America
Nestle SA
Mars
Mondelez International
United Biscuits
Hershey Food Corp
Antonelli Bros
Artisan Biscuits
Bolero
Dukes
Kellogg
Lago Group
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