Biscuits Market Size, Overview, Growth, Demand and Forecast to 2024-2031

The biscuits market, valued at 127.575 billion in 2022, is projected to witness a compound annual growth rate (CAGR) of 5.8% over the forecast period. This growth can be attributed to the rising demand for convenient, on-the-go snack options such as biscuits, driven by consumers' increasingly busy lifestyles. Biscuits serve as a quick and portable source of energy and satisfaction, catering to the needs of urban consumers who are seeking convenient and ready-to-eat snacks amidst higher urbanization rates globally. Consequently, the consumption of packaged foods, including biscuits, has surged, further fueling the market's expansion.