Wafer Biscuits Market was worth USD 102.46 billion in 2023 to 119.93 billion in 2028 and is estimated to be growing at a CAGR of 3.20%.
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.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2022–2028 |
Base Year |
2022 |
Forecast Period |
2023-2028 |
CAGR |
3.20% |
Segments Covered |
By Product, By Application, By Distributional Channel, and By Region |
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 |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Nestle SA, Mars, Mondelez International, United Biscuits, Hershey Food Corp, Antonelli Bros, Artisan Biscuits, Bolero, Dukes, Kellogg, Lago Group |
product
application
distribution channels
By product
Cream filled
coated
Coated wafer biscuits dominate the 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,
convenience stores
food specialty stores
online retailers
Wafer Biscuits Market Regional Analysis:
North America
Europe
Asia-Pacific
Middle East
Latin America
The Wafer Biscuits market was dominated by Europe followed by North America. The Asia Pacific is considered to be growing at a fast pace.
Nestle SA
Mars, Mondelez International
United Biscuits
Hershey Food Corp
Antonelli Bros
Artisan Biscuits
Bolero
Dukes
Kellogg
Lago Group
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