Market Forecast By Category (Sweet Biscuit (Chocolate Coated Biscuits, Cookies, Filled Biscuits, Plain Biscuits, Others), Savory & Crackers (Plain, Flavored), Wafer, Functional/Energetic), By Distribution Channel (Online, Offline (Hypermarkets & Supermarkets, Specialist Retailers, Convenience Stores, Others)), By Packaging Type (Flexible, Rigid, Paper & Board), By Product Type (Premium, Non- Premium), By Regions (Northern, Southeast, Central, Northeast, Southern) And Competitive Landscape
According to 6Wresearch, Brazil Biscuit Market revenue size is projected to grow at a CAGR of 9.5% during 2021-2027. The demand for biscuit increased on account of urbanization and worldwide increase of working population which has increased the demand for ready-to-eat food products. In addition to that, growth retail sector such as rise in number of hypermarkets, supermarkets and retail stores has been driving the biscuit market in country.
The growth of retail sectors, such as increasing number of supermarkets, hypermarkets in Brazil along with rising help concerns among youth population and reviving economy of Brazil in recent years has become the key market drivers for Brazil biscuits market. Furthermore, rising demand for packaged food due safety concerns, along with increased stocking for long shelf-life food such as biscuits due to pandemic has driven the biscuit market in the country. Further, rising demand for low calorific value and healthy snacks such as low-fat biscuits, gluten free biscuits and healthy grain biscuits would drive up demand for biscuits in Brazil in the coming years.
Market by Distribution Channel Analysis
In terms of distribution channel, offline channel has captured 86.4% of the market revenues in 2020.
Key Highlights of the Report
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