Global Matcha Biscuit Market Size to Exceed USD 1.66 Billion by 2033 | CAGR of 6.08%
Category: Food & BeveragesGlobal Matcha Biscuit Market Size to Exceed USD 1.66 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Matcha Biscuit Market Size is Expected to Grow from USD 0.92 Billion in 2023 to USD 1.66 Billion by 2033, at a CAGR of 6.08% during the forecast period 2023-2033.
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Browse key industry insights spread across 220 pages with 110 Market data tables and figures & charts from the report on the “Global Matcha Biscuit Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Organic Matcha Biscuits, Conventional Matcha Biscuits, Gluten-Free Matcha Biscuits, Vegan Matcha Biscuits, Low-Sugar Matcha Biscuits), By Application (Household and Commercial), By Distribution Channel (Online Retail, Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.” Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/matcha-biscuit-market
The matcha biscuits industry is the market segment of the food sector involved in the manufacture, distribution, and consumption of matcha-flavored biscuits (or cookies), which are finely ground powders derived from high-quality green tea leaves. The biscuits usually blend the unique earthy taste of matcha with standard biscuit ingredients, providing a distinctive and healthy alternative to conventional cookies. Moreover, consumers are increasingly health-oriented and proactively seeking healthier snack options that provide nutritional value. Matcha, being rich in antioxidant content, has properties to enhance metabolism, reduce stress, and appeal to consumers in search of healthier snacks. Matcha biscuits are sold as a "functional food" because of the health-promoting aspects of matcha, including maintaining brain function, increasing energy, and enhancing digestion. This trend towards functional foods is a key driver for the matcha biscuits market, especially among health-conscious consumers. However, matcha powder, particularly good-quality matcha, is quite costly in comparison to other ingredients employed in biscuit making. This makes the production of the final product more costly. The manufacturers are tasked with the balancing act of covering the cost of matcha and matching consumer pricing, which can affect the profit margin and set the final product at a higher price for the consumer.
The conventional matcha biscuit segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product type, the matcha biscuit market is divided into organic matcha biscuits, conventional matcha biscuits, gluten-free matcha biscuits, vegan matcha biscuits, and low-sugar matcha biscuits. Among these, the conventional matcha biscuit segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to conventional biscuits being made in greater quantities than niche types such as gluten-free or vegan biscuits, which have more specialized ingredients and production methods. This leads to a lower cost of production and a cheaper final product, thus making conventional matcha biscuits more accessible.
The commercial segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the application, the matcha biscuit market is divided into household and commercial. Among these, the commercial segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by commercial outlets like restaurants, cafes, and bakeries have been adding matcha-flavored items to meet the increasing demand for specialty and premium snacks. Matcha biscuits are a staple in upscale cafes and specialty bakeries, appealing to consumers who are fond of novelty tastes and health-conscious products.
The supermarkets/hypermarkets segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the matcha biscuit market is divided into online retail, supermarkets/hypermarkets, convenience stores, and specialty stores. Among these, the supermarkets/hypermarkets segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth is due to supermarkets and hypermarkets providing consumers with an assortment of matcha biscuit brands and pack sizes, suitable for single servings as well as larger family packs. These retail stores have a wider reach, and it is convenient for consumers to locate matcha biscuits among other snack foods in established grocery shopping destinations.
Asia Pacific is expected to hold the majority share of the global matcha biscuit market during the forecast period.
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Asia Pacific is expected to hold the majority share of the global matcha biscuit market during the forecast period. Matcha has a strong history in Japanese culture, and traditionally it is used in ceremonies, desserts, and drinks. Since matcha is already a large part of everyday life and food culture, the addition of matcha to biscuits is something that fits within consumer culture. Japan, China, and South Korea have been consuming matcha for centuries, which means that matcha is well-known and highly demanded in terms of matcha-flavored foods.
North America is anticipated to grow at the fastest pace in the global matcha biscuit market during the forecast period. In North America, especially in the United States and Canada, there is an increasing demand for health-conscious food. Matcha is viewed as a healthy superfood because of its antioxidants, metabolism-enhancing ability, and detoxifying properties. This is in line with the increasing trend towards clean-label, functional, and healthier snacks, driving the demand for matcha-based foods such as biscuits.
Major vendors in the global matcha biscuit market are Nestle S.A., ITO EN, Ltd., Unilever PLC, The Kraft Heinz Company, Mondelez International, Inc., Lotte Corporation, Meiji Holdings Co., Ltd., Ezaki Glico Co., Ltd., Morinaga & Co., Ltd., Nissin Foods Holdings Co., Ltd., Yamazaki Baking Co., Ltd., Kameda Seika Co., Ltd., Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the matcha biscuit market based on the below-mentioned segments:
Global Matcha Biscuit Market, By Product Type
- Organic Matcha Biscuits
- Conventional Matcha Biscuits
- Gluten-Free Matcha Biscuits
- Vegan Matcha Biscuits
- Low-Sugar Matcha Biscuits
Global Matcha Biscuit Market, By Application
- Household
- Commercial
Global Matcha Biscuit Market, By Distribution Channel
- Online Retail
- Supermarkets/Hypermarkets
- Convenience Stores
- Specialty Stores
Global Matcha Biscuit Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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