This also made the bakers turn to new ingredients as the consumers became more aware of healthy food. Today, the cookies are proving extremely popular and the global market size for cookies is expected to touch $ 44.01 billion by 2025. According to Barry Callebaut in the 52 week period ending August 2022, sales in the cookies category reached $10.8 billion, a 9.4% increase in one year! This is indeed going to tempt many enterprising entrepreneurs to venture into this field. Ashok Malkani examines the market and various other aspects for the convenience of these entrepreneurs.
Mention cookies and you have everyone from kids to the elderly - drooling. Besides the delectable taste cookies are also good for your soul. Studies have revealed that people who consume a cookie once a week (minimum) live a happier and more satisfying life! Sharing cookies is much easier than sharing sweets or desserts. Love for cookies has today made cookies one of the fastest selling bakery products across the globe.
The global cookies market, estimated to grow at compound annual growth rate (CAGR) of 5.5 per cent from 2019 to 2025, is expected to reach $ 44.01 billion. by 2025. According to a report by Grand View Research, rapid urbanization along with increasing disposable income levels in emerging economies, such as China and India, is projected to boost the product demand all across the globe.
The availability of a wide variety of cookies as a snack is one of the reasons for the rapidly rising demand for cookies. This ready-to-eat snack is consumable at any time during the day. In addition, these delectable delicacies are available at different prices, flavours, sizes, or quantities and with attractive packaging, which makes them convenient to store and carry and hence they are preferred by majority of the population thereby augmenting the market growth.
This story is from the October - November 2023 edition of Bakery Review.
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This story is from the October - November 2023 edition of Bakery Review.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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