Report forecast the global wafer biscuit
market to grow at a CAGR of 4.43% during the period 2017-2021.
A wafer is a dry, crispy, and crunchy thin
type of biscuit that comes in different shapes, sizes, and packaging. Wafers
are used with chocolate bars, ice cream, and cookies. Consumers are shifting
toward convenience foods, such as wafer biscuits, that are affordable. The
increasing urbanization, changing consumer lifestyles, and growing consumer
spending power are factors that are expected to drive the growth of the global
wafer biscuit market during the forecast period.
The report covers the present scenario and
the growth prospects of the global wafer biscuit market for 2017-2021. The
report presents a detailed picture of the market by way of study, synthesis,
and summation of data from multiple sources.
The
market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one driver in the
market is innovative packaging. Innovative and attractive packaging is one of
the best ways to attract customers and increase sales. It can help in
preventing the degradation of food quality during transportation. It also helps
in maintaining the freshness and preventing food loss because of damage.
Innovative packaging extends the shelf life of products and provides
information on storage. Wafers contain wheat flour, fat, sugar, and many
flavoring agents, which are sensitive to moisture. They have a high fat level
and are fragile in nature. Therefore, manufacturers must use suitable packaging
to protect wafers from damage.
Further, the report states that one
challenge in the market is rising demand for healthy snacks. Consumers have
become more aware of their health and nutritious food products because of the
increasing media coverage. Young consumers also refer to health blogs to get a
better idea about the health issues associated with the consumption of
different foods and beverages. Obesity is a common health concern worldwide,
which can also lead to heart diseases. In 2015, more than one-third of the US
adult population was obese.
Global
Wafer Biscuit Market 2017-2021, has been prepared
based on an in-depth market analysis with inputs from industry experts. The
report covers the market landscape and its growth prospects over the coming
years. The report also includes a discussion of the key vendors operating in
this market.
key players in the global wafer biscuit
market: Mars, Nestlé, THE HERSHEY COMPANY, and pladis.
Other Prominent Vendors in the market are:
Antonelli Bros, Artisan Biscuits, Bolero, Dukes, Kellogg, Lago Group, and
Mondelēz International.
Market
driver
- Innovative packaging
- For a full, detailed list, view our report
Market
challenge
- Rising demand for healthy snacks
- For a full, detailed list, view our report
Market
trend
- Increase in demand for organic and gluten-free wafer
- For a full, detailed list, view our report
Key
questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Spanning over 73 pages “Global
Wafer Biscuit Market 2017 - 2021” report covers Executive summary, Scope
of the report, Research Methodology, Introduction, Market landscape, Segmentation
by product, Segmentation by application, Segmentation by distribution channel,
Segmentation by geography, Key leading countries, Decision framework, Drivers
and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
Please visit this link for more details: http://mrr.cm/Uwd
For related reports please visit: Wafer Biscuit Market Research Reports
Find all Food
and Beverages Reports at: https://www.marketresearchreports.com/food-beverages
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