Global Cookie Market Size, Share, Opportunities, And Trends By Type (Chocolate Chip, Oatmeal Raisin, Sandwich Cookies, Others), By Distribution Channel (Hypermarkets And Supermarkets, Convenience Stores, Online Retail, Others), By Application (Snacking, Dessert), And By Geography - Forecasts From 2024 To 2029

Cookies, also known as biscuits, are baked food products or desserts that are produced in small and flat structures with a sweet flavour to the taste. The ingredients for the production of cookies commonly contain flour, egg, sugar, and some types of oil, fat, or butter. Other ingredients such as raisins, oats, nuts, and chocolate chips are also known to be added to add flavour to the cookies.

Introduction:

The global cookie market is expected to witness significant growth during the forecasted period of 2024-2029 due to various factors, such as the growth of the e-commerce sector, which is influenced by the increasing global urbanization rate. The increase in the global e-commerce sector leads to an increase in the online retail penetration of cookies and other baked goods in the market, leading to an increase in the demand and production of baked food products.

Market Drivers:

• Growth of e-commerce: The growth of the e-commerce industry can contribute to the global cookie market growth. As technology develops, the increase in dependency on the internet and technology also increases. The e-commerce industry expansion can be linked to the increase in the growth of online retail sales. Products are easily available and convenient when purchased from online retail platforms, providing efficiency and productivity to those people who have busy lifestyles. Another factor that contributes to the e-commerce sector growth is urbanization since the increase in urban population means an increase in people with higher disposable incomes and busier lifestyles, leading to a change in consumption patterns. The people in urban areas will have a change in preference of consumption towards higher-cost products and snacks, which usually involve ready-to-eat food products like cookies and other baked goods. As per ecommercetips.org, the global e-commerce revenue is expected to reach an estimated US$8.1 trillion by 2026. It has also been stated that global retail e-commerce sales accounted for US$6.310 trillion in 2023, which is a growth of 9.6% and 20.8% of the total retail sales. The top reasons that contribute to the increase in online retailing include lower prices, convenience, and free shipping, with around 2.4 billion people preferring online shopping over regular shopping. This can be linked to the increasing global urban population, which can further provide the necessary boost to the demand for snack products such as cookies and various other food products. Therefore, the increase in the growth of the e-commerce sector will be expected to provide the necessary boost for the global cookie market growth during the forecasted period of 2024-2029.

Key Players:

• Mondelez International: A global leader and multinational company that is known for being one of the largest snack food production companies in the world, with a wide range of brands under the company, such as Oreo, Chips Ahoy!, and Belvita.
• PepsiCo: A global leader and a multinational company known for its various cookie production brands, including Grandma’s Cookies and Gamesa.

Regional Analysis:

The North American region is expected to witness significant growth in the global cookie market during the forecasted period. The United States bakery industry accounts for a great influence on the country’s economy. Cookies are known to be small, sweet, baked food products that are commonly consumed as a snack. The increase in the growth of the baking industry will provide a boost in the production of all kinds of baked goods, which include cookies, cakes, and many others. The US economy is partially influenced by the baking industry, contributing to 2.01% of the GDP in 2023. The American Bakers Association states that baking contributed US$533.18 billion towards the economy of the United States in 2023, impacting over 524 sectors of the US economy through its production and linkages. This impact on the US economy can significantly help in the increase in the production of cookies in the market, boosting the growth and production of the regional cookie market. Another factor that boosts the market growth in the region is the increase in e-commerce sales during the forecasted period. The trend of e-commerce displays an upward positive trend, depicting an increase in the growth of the e-commerce industry.  The US Census Bureau states that the total retail e-commerce sales in the United States during the third quarter of 2023 accounted for an estimated US$284.1 billion, which is an increase of 2.3% from the second quarter of 2023. This increase in overall e-commerce sales can contribute to the growth of the consumption of snack food products, which includes baked goods such as cookies. Therefore, the increase in the growth of e-commerce and the baking industry in the North American region will provide the necessary fuel for the regional cookie market growth during the forecasted period of 2024-2029.

Market Developments:

• May 2023: ITC announced the launch of their new millet cookies product under their Sunfeast Farmlite brand as a part of their ITC Mission Millet program. The cookies were available in choco chip and multi-millet variants, which combine nutrition and taste. The product was an addon to their millet-based portfolio, which includes their Ashirvaad multi-millet mix, gluten-free flour, ragi flour, and many others.
• January 2020: Mondelez India announced the launch of their new cookie product under their Cadbury brand dubbed Cadbury Chocobakes Choc-filled cookies. This product was a combination of chocolate and biscuit categories, delivering a delightful and unique experience for the consumer in the market. The product claimed to unlock the potential of indulgence, to further premiumize the biscuit category while expanding its reach across the country.

Segmentation:

• By Type:
  • Chocolate Chip
  • Oatmeal Raisin
  • Sandwich cookies
  • Others
• By Distribution Channel:
  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Online Retail
  • Others
• By Application
  • Snacking
  • Dessert
• By Geography:
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others