LONDON--(BUSINESS WIRE)--Oct 21, 2019--
Technavio has been monitoring the global cookies market since 2015 and the market is poised to grow by USD 19.85 billion during 2019-2023, progressing at a CAGR of around 6% during the forecast period. Request free sample pages
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Technavio has announced its latest market research report titled global cookies market 2019-2023. (Graphic: Business Wire)
Read the 118-page report with TOC on “Cookies Market Analysis Report by Product (Plain and butter based-cookies, Chocolate-based cookies, and Other cookies), Geography (APAC, Europe, MEA, North America, and South America), and the Segment Forecasts, 2019-2023”.
This market is driven by the rising demand for natural and health-centric products. In addition, the rising popularity of clean-labeled cookies is anticipated to boost the growth of cookies market.
Consumers are increasingly becoming aware of the risk factors associated with the consumption of artificial sugar and gluten products. This has increased the demand for cookies made of natural and healthy ingredients such as nuts, dry fruits, and superfood seeds over recent years. To capitalize on this trend, vendors are introducing raw, non-GMO, and other organic ingredients to improve the nutritional value of their cookies. The rising consumer demand for cookies made of natural and healthy ingredients is expected to boost market growth during the forecast period.
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Major Five Cookies Companies:
Campbell Soup Co. Brands LP
ITC Ltd. owns and operates its business across various segments such as FMCG, hotels, agri business, paperboards, paper and packaging, and others. The company offers a wide range of cookies under the Sunfeast brand. Popular products offered by the company include Sunfeast Delishus Gourmet Cookies and Sunfeast Hi Fi Cookies.
Mondelez International operates its business across segments such as Latin America, Asia, Middle East and Africa, Europe, and North America. The company offers a wide range of cookies under brands such as Oreo, Chips Ahoy! and Tate’s Bake Shop. Some of the popular products offered by the company include Oreo Doublestuff, Peanut Butter Oreo, and Tate’s Butter Crunch Cookies.
Parle Products Pvt. Ltd.
Parle Products Pvt. Ltd. owns and operates its business across biscuits, confectionery, rusk, snacks, and pulses segments. The company offers a wide range of cookies under the Milano and 20-20 Cookies brands.
PepsiCo Inc. owns and operates its business across segments such as Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA). The company offers a wide range of cookies under the Grandma’s brand. Its popular flavors include chocolate, peanut butter, and lemon pie.
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Cookies Product Outlook (Revenue, USD Billion, 2019 - 2023)
- Plain and butter-based cookies
- Chocolate-based cookies
- Other cookies
Cookies Geography Outlook (Revenue, USD Billion, 2019 - 2023)
- North America
- South America
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Bakery Products Market – Global bakery products market by product (bread and rolls, cakes and pastries, cookies, and others) and geography (APAC, Europe, MEA, North America, and South America).
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View source version on businesswire.com:https://www.businesswire.com/news/home/20191021005336/en/
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INDUSTRY KEYWORD: RETAIL OTHER CONSUMER HEALTH CONSUMER FITNESS & NUTRITION FOOD/BEVERAGE
SOURCE: Technavio Research
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PUB: 10/21/2019 07:30 AM/DISC: 10/21/2019 07:31 AM