Brazil Biscuit Market revenue size is projected to grow at a CAGR of 9.5% during 2021-2027

In terms of category, sweet biscuit segment acquired the largest market revenue share in the Brazil biscuits market in year 2020 – 6Wresearch

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. Furthermore, the COVID 19 pandemic in 2020 decelerated biscuit market growth due to a disrupted supply chain which resulted due to the unavailability of raw materials as a result of lockdown measures implemented to stop the virus from spreading, resulting in a stagnant revenue during the pandemic. Although, as the lockdown restrictions were gradually lifted, biscuit sales began to pick up as operations and production resumed, heading back the Brazilian biscuit market to its growth trajectory.

According to 6Wresearch, Brazil Biscuit Market revenue size is projected to grow at a CAGR of 9.5% during 2021-2027. The demand for biscuits increased owing to the reviving economy of the country during 2017 to 2019 due which there was increase in number of working population along with increase in disposable income. Furthermore, the country's growing retail sector, which includes an increase in the number of hypermarkets, supermarkets, and retail stores, has been driving the biscuit industry, and the same trend is projected to continue in the coming years.

According to Rishabh Singh Bhandari, Research Associate, 6Wresearch, “In terms of category, sweet biscuit segment has captured highest market revenues in 2020 its predeveloped taste that makes it a popular option among the consumers in Brazil. Furthermore, varieties of biscuits are available in sweet category such as cookies, chocolate coated and filled are used as a traditional gifting item.”

“In term of product type, premium segment has captured highest market revenues in 2020 owing to owing to its high quality and flavor richness along with consumers preference of buying premium biscuits as a gifting option” Rishabh further added.

Some of the major companies in Brazil biscuit market include M. Dias Branco S.A. Mondelez International Inc., Marilan Alimentos S/A, PepsiCo, Inc., Nestlé Brasil Ltd.,  Bauducco Foods, Inc., Germani Alimentos LTDA, Biscobom Alimentos LTDA

“Brazil biscuit market (2021-2027)” report provides an in-depth analysis with 28 figures and 11 tables, covered in 87 pages. The report estimates and forecast the overall Brazil biscuit market market by category, distribution channel, packaging type, product type, and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.