North America Wafer Biscuit Market is expected at USD 13.7 billion in 2021 and is anticipated to the extent of an over of USD 17.5 billion by the end of the assessment period 2022 - 2027. The North America Wafer Biscuit Market is estimated to experience reasonable growth to record a CAGR of 5% throughout the estimated period (2022 - 2027)
A wafer refers to a type of dry, thin, and crunchy cookie, available in a wide variety of shapes, sizes, and packages. It is used in candy, cookies, and ice cream. Consumers are turning to wafers because it is a convenience food available at almost any point of sale. Wafer cookies can also be made into cookies with a creamy flavor sandwiched between them. It has an embossed surface pattern. Some of the chocolate bars, like kitkat, coffee crisp, are types of wafers with chocolate coating in and around them.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2020 – 2026 |
Base Year |
2020 |
Forecast Period |
2022 - 2027 |
CAGR |
XX% |
Segments Covered |
By Product Type, By Application, By Distribution Channel, and By Country |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Countries Covered |
The United States, and Canada |
Market Leaders Profiled |
Mondelez International, Kellogg Co., Campbell Soup Co., Nestle SA, United Biscuits, PepsiCo, M. Dias Branco, Britannia Industries, Barilla G. e R. Fratelli, and Arcor U.S.A., Kraft Foods, Thomas Tunnock Limited, Nutrexpa, Paterson Arran Limited |
Recent Developments
Market Drivers and Restraints:
Increasing urbanization, which can be attributed to changing demographics and high disposable incomes, is driving the growth of the gambling cookie market. High-profit margins and the proliferation of supermarkets have led to a growing interest in premium products, providing opportunities for growth in the future.
The growing preference for convenient snacks coupled with easier consumer affordability through the evolution of the retail industry is one of the few factors driving the growth of the global waffle cookie market. Additionally, the growing demand for healthy snacks has led many manufacturers to introduce healthy cookies with fortified active ingredients, primarily protein, fiber, and vitamins.
For example, United Biscuits offers a variety of fortified cookies through its McVities brand. As consumers seek convenient breakfast options, the breakfast biscuit segment continues to experience solid growth. One aspect that attracts customers is the availability of convenient and healthy snacks to go, and breakfast cookies fall into this category.
North America Wafer Biscuits Market Segmentation:
The market for Wafer Biscuits is broadly categorized into product, application, and distribution channels. By product, the market is divided into Cream filled and coated. Coated wafer biscuits dominate the market. By application, the market is segmented into sandwich cookies, ice cream decorations, and 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. On the basis of geography, the market is analyzed under various regions namely U.S.A and Canada. The U.S.A leads the North American market with wafer consumption gone down in the past few years due to the rising health concerns.
Impact of covid-19 on North America Wafer Biscuit Market:
COVID-19 has affected almost every country in the world and India is no exception. Some countries are severely affected, while others have managed to control the spread by implementing containment measures and maintaining social distancing. The World Bank said at a press conference that India would likely post its worst growth performance since liberalization in 1991 in this fiscal year due to the Corona outbreak. Restaurants and cafes have been on the front lines of the crisis, and many have already been forced to close due to city-wide closures or a decline in customs due to social distancing.
Regional Analysis:
The market for North America Wafer Biscuit has been categorized on the basis of geography to offer a clear understanding of the market. North America Wafer Biscuit Market has been divided into the United States, Canada, Mexico, and the rest of North America. The United States dominates the North American Market with a decrease in Wafer consumption in recent years due to increasing health problems. However, growth in waffle cookie consumption is slowing in this region, due to growing concerns about consumer health.
Some of the major companies dominating the market, by their products and services include Nestle SA, Mars, Mondelez International, United Biscuits, Hershey Food Corp, Antonelli Bros, Artisan Biscuits, Bolero, Dukes, Kellogg, Lago Group.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]