Market Forecast By Form (Cream-Filled, Coated), By Distribution Channel (Super Markets/ Hyper Markets, Convenience Stores, Online retailers, Others), By Countries (United States, Canada) And Competitive Landscape
| Product Code: ETC115035 | Publication Date: Sep 2021 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
North America Wafer Biscuit Market is expected to register sound growth prospects in the coming time zone. The wafer biscuit is the type of baked biscuits that have crunchy layers often comes in different flavours and size. The wafer biscuit mainly consumed as a light munching snack and preferred to be a healthy substitute for regular biscuits available in the market. The rising standard of living and health consciousness among consumers has led to continuous changes in their lifestyle. The wafer biscuits are tasty, crunchy, Gluten-free and considered as a healthy snack option along with their affordability, availability and different flavours that have increased wafer biscuits demand in North America market. But not all wafer biscuits are healthy as few of them are high in sugar, fats and calories with added preservatives which also makes consumers rethink about consuming them. The Covid-19 outbreak began in Wuhan (China) later reached all parts of the world. It has adversely affected the entire market mainly by affecting production and demand directly, by creating disruptions in the market and the supply chain.
According to 6Wresearch, North America Wafer Biscuit Market is expected to register growth throughout the forecast period 2021-2027. North America wafer biscuits market has been segmented based on the countries such as the US, Canada, and Mexico. The US holds the maximum share of North America wafer market. Because of increasing convenience food consumption and surging demand from the working population due to hectic lifestyles, the United States has an established market for wafer biscuits. Canada is well established for the wafer biscuit market but couldn't compete with other countries as their wafer biscuit culture in their country is dominated by traditional products. In Mexico, the availability of wafer biscuit varieties and the rising disposable income are important factors contributing to the growth of wafer biscuits.
North America wafer biscuits market is bifurcated based on form, distribution channel and applications. Depending on the variety, the market segmentation includes cream-filled and coated. The coated segment is the market leader in the present market scenario. According to the distribution channel, the wafer biscuits market, segmented into supermarkets and hypermarkets, food speciality stores, convenience stores, and online retailers. The supermarket and hypermarket segment holds the largest share in the market. Based on, the application the market is further divided into ice cream decorations, chocolate bars, and sandwich cookies. Chocolate bars are the dominating segment in the market.
The North America Wafer Biscuit Market report thoroughly covers the market by form, distribution channel and countries including United States and Canada. North America Wafer Biscuit market outlook report provides an unbiased and detailed analysis of the ongoing North America Wafer Biscuit market opportunities/high growth area, trends, market drivers which would help the stakeholders to align their market strategies according to the current and future market dynamics.
Markets Covered
The report provides a detailed analysis of the following market segments:
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By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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