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

The biscuits market, valued at $127.575 billion in 2022, is projected to experience a compound annual growth rate (CAGR) of 5.8% over the forecast period. This growth is fueled by the rising demand for convenient on-the-go snacks, such as biscuits, as consumers' lifestyles become increasingly busy. Biscuits serve as a quick and portable source of energy and satisfaction, catering to the needs of urban consumers who seek convenient, ready-to-eat options. Additionally, the trend of urbanization worldwide has contributed to higher consumption of packaged foods, further driving the demand for biscuits among urban populations.