Cookies are baked confectionary goods that are majorly produced in a circular shape having a sweet taste. These baked products are available in different flavor range and involve the usage of basic baking ingredients such as flour, oil, fats, sugars and depending on the product being developed the ingredient which will offer it the flavor. These products also sometimes involve the inclusion of various dry fruits and different nut variants and therefore are presented with special allergen information for individuals allergic to these products.
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Cookies market is growing due to increasing consumption of baked & confectionary goods, rising levels of cafes and restaurants globally; the effects of these factors are mentioned below:
Strategic expansion of collaborations and innovative product launch activities undertaken by market players:
The market is segmented on the basis of ingredient as chocolate, chocolate chip, oatmeal, butter, cream, ginger, coconut, honey, others; product type is categorized into drop cookies, bar cookies, molded cookies, fried cookies, no-bake cookies, refrigerated cookies, ice box cookies, rolled cookies, sandwich cookies, others; packaging type as rigid, flexible, others; sales channel as modern trade, direct sales, specialist retailers, traditional grocery stores, supermarkets/hypermarkets, convenience stores, online channel, others.
“According to Data Bridge Market Research, global cookies market is expected to reach USD 47.98 billion by 2026, growing with a substantial CAGR during the forecast period of 2019 to 2026”
Some of the major players operating in market are Mondelēz International, Kellogg Co., Ferrero, CSC BRANDS, L.P., Nestlé, pladis global, PepsiCo, Inc., MDias Branco, Britannia Industries Limited, Barilla G. e R. Fratelli S.p.A, Arcor, AB Annas Pepparkakor, Adam Foods, Dali Food Group Co., Ltd, Jiashili Group Ltd., THOMAS TUNNOCK LIMITED, Burton's Biscuit Company, Parle Products Pvt. Ltd., ITC Limited, Grupo Bimbo, Lotus Bakeries and Bahlsen GmbH & Co. KG, among others.
Consumers are focusing on consumption of cookies and baked products relating to the luxury products range as they are focusing more on quality of goods rather than consuming cost-efficient products. One of the major factors behind this trend is the increasing disposable income present with these individuals which has subsequently helped cookie manufacturers to focus on product innovations and development of products relating to luxury segment which will result in enhancement of the demands relating to their product range.
Global Cookies Market – Industry Trends and Forecast to 2028