Consumer Goods & Retail

Global Chocolate Chip Cookies Market

September 24, 2021
ID: SR/CG-84
Format:Pdf
Pages:220

Global Chocolate Chip Cookies Market By Type ( Sour Cream Chocolate Chip Cookies, Browned Butter Bourbon Chocolate Chip Cookies, Basic Chocolate Chip Cookies, Coconut Chocolate Chip Cookies, Crispy Bits Chocolate Chip Cookies, Others), By Distribution channel (Offline sales, Online sales, others) and By Region (North America, Europe, South America, Asia Pacific, and the Middle East & Africa)-Global Forecast to 2027.

Description

The Chocolate Chip Cookies market size is valued at USD 6.3 Billion in 2020 and projected to reach USD 8.57 Billion by 2027, growing at a CAGR of 5.7% during the forecast period, 2020-2027. Due to their evergreen flavor, Chocolate chip cookies are favored by every demographics. Bakery manufacturer’s experimentation with new flavors like sour cream, pineapple and coconut, attractive and innovative packaging, and safer ingredients coupled with increasing consumption of convenience food items and rising popularity of baked goods are expected to propel the demand for Chocolate Chip Cookies over the coming years. Additionally, the increasing utilization of cookies as a snack will spur the Chocolate Chip Cookies industry in future periods.

Additionally, higher demand for chocolate chip cookies in developed economies such as the US, Germany and the UK will boost the market. In addition, increasing glutamic disorders and lactose intolerance in North American and European countries will drive demand for gluten-free chocolate chip cookies.

Furthermore, the rapidly expanding customer base, rising urbanization, and increasing disposable income will fuel the Chocolate Chip Cookies market demand.

What are Chocolate Chip Cookies?

Chocolate chip cookies are quick snacks made mostly of chocolate chunks, wheat flour, Melted butter, brown sugar, egg yolk and other similar ingredients. Chocolate Chip Cookies are gradually becoming an essential part of an individual’s life as they are a rich source of B-complex vitamins and dietary fiber. Consumption of Chocolate Chip Cookies improves blood flow, lowers blood pressure, and reduces heart disease risk as they are a very nutritious and powerful source of antioxidants. Chocolate chip cookies provide energy to the body and prevent the growth of fat. Additionally, Chocolate chip cookies can be an alternative snack every day compared to other unhealthy snacks as they contain good nutrition to provide energy intakes such as sugar and carbohydrates.

Growth Driver

Changing Lifestyle of people

Changes in people’s lifestyles in different regions of the world have led to changes in consumer lifestyles due to an increase in disposable income, increasing awareness and inclination towards healthier products. Also, changing consumer habits provide an opportunity to introduce innovative products. Additionally, increasing obesity in youngsters, increasing glutamic disorders and lactose intolerance in consumers will drive demand for gluten-free chocolate chip cookies.

The spontaneous purchasing behavior of consumers

The spontaneous shopping phenomenon is fueling the sale of chocolate chip cookies around the world. A spontaneous purchase is a sudden and unplanned decision to purchase a certain product or service. When shopping for groceries, consumers mostly do not intend to buy confectionery such as chocolate cookies. However, confectionery items displayed in major stores and supermarkets attract shoppers’ attention and drive them into impulsive purchases. Individuals of every demographic want chocolate chip cookies, regardless of their economic status; clever marketing and advertising associate them with rewards and moments of joy, positively impacting the chocolate cookies market. Over the years, the packaging and color of chocolate chip cookies have played a significant role in their purchase. Seeing the change in perception towards products, bakery manufacturers have invested heavily in product designing and labeling. This motivates the bakery manufacturers to get a quick and smooth response from the consumers.

Pre-covid impact

Chocolate chip cookies market expansion is supported by factors such as rising disposable income and urbanization. Additionally, the rising popularity of baked goods and the cost-effectiveness of chocolate cookies also created opportunities for the Chocolate chip cookies market during the Pre-covid era. The growth rate of the Chocolate chip cookies market was near 7% in 2016-2018, while in 2019, the growth rate of the Chocolate chip cookies market was 5.2%, due to the manufacturing cuts in Europe owing to the rising covid-19 situation.

Covid-19 impact

In 2020, the COVID-19 disease began to spread around the world. Globally, millions of people were infected with the COVID-19 disease, and major countries worldwide have implemented lockdowns and stop-work orders. Except for the medical supplies and life support products industries, most industries have been greatly affected, and the Chocolate chip cookies market has also been greatly affected.

In 2018, the Chocolate chip cookies market experienced a growth rate of 6.7%, while the global market growth in 2020 was 5.7%, which is lower than the previous years. This resulted in a slight slop in the market across the globe.

Post Covid-19 impact

The cookies industry will have significant growth through online sales after the COVID-19 pandemic. Globally, manufacturers are building a stronger & flexible distribution channel system during the post-COVID-19 pandemic period. Therefore, with the outbreak of the COVID-19, the Chocolate chip cookies market will grow significantly, which has positively impacted the Chocolate chip cookies market value in 2021 and subsequent years.

Type Segmental Analysis

The Chocolate Chip Cookies market is segregated into Basic Chocolate Chip Cookies, Browned Butter Bourbon Chocolate Chip Cookies, Sour Cream Chocolate Chip Cookies, Coconut Chocolate Chip Cookies, and Crispy Bits Chocolate Chip Cookies, based on type. The Browned Butter Bourbon Chocolate Chip Cookies are estimated to witness the highest growth over the analysis timeframe due to gluten-free cookies’ high adoption. Additionally, Crispy Bits Chocolate Chip Cookies are estimated to grow significantly during the forecast period.

Distribution Channel Segmental Analysis

By Distribution channel, the global Chocolate Chip Cookies market is segmented into Offline sales and Online sales. The offline sales segment will dominate the global Chocolate Chip Cookies market by 2027 due to the high visibility of supermarkets and convenience stores across the globe. The online sales segment is estimated to register the fastest growth over the forecast years because of the rising popularity of e-commerce portals.

Region Segmental Analysis

The Chocolate Chip Cookies market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Europe is estimated to project considerable growth over 2021-2027. The availability of flavors like buttercream, oats, and peanut butter is expected to boost sales in the European region. From 2021 to 2027, the Asia Pacific region is projected to be the fastest-growing market, with a considerable CAGR. Rapidly improving economic conditions, owing to increased disposable income, modernization, and changing lifestyles, are expected to fuel product demand, boosting total market expansion in the coming years.

Competitor Analysis

Trader Joe’s, Back to Nature, Lenny and Larry’s, Grandma’s, KNOW Better Cookie, Lucy’s, Nabisco, Keebler, Emmy’s, Pepperidge Farm Montauk, Annie’s, Archway, Simple Mills, Munk Pack, Tate’s Bake Shop, KFiber One, Glutino, Mrs. Fields are the key players in the global Chocolate Chip Cookies market.

Key Stakeholders

Market research and consulting firms
Industry associations
Global Chocolate Chip Cookies product manufacturing firm
Research organizations and consulting companies
Organizations, associations, and alliances related to Chocolate Chip Cookies
Regulatory bodies
Suppliers
Retailers

Scope of the Report

Report Attribute	Details
Market Size Value in 2020	USD 6.3 Billion
The revenue forecast in 2027	USD 8.57 Billion
Growth Rate	CAGR of 5.7% from 2020 to 2027
Historical data	2017-2019
Forecast period	2021 – 2027
Region covered	North America, Europe, South America, Asia-Pacific, and Middle East & Africa.
Key companies Profiled	Trader Joe’s, Back to Nature, Lenny and Larry’s, Grandma’s, KNOW Better Cookie, Lucy’s, Nabisco, Keebler, Emmy’s, Pepperidge Farm Montauk, Annie’s, Archway, Simple Mills, Munk Pack, Tate’s Bake Shop, KFiber One, Glutino, Mrs. Fields

Recent Developments

In September 2021, Voortman Cookies Ltd. announced two new cookie options, Super Grains and Mega Wafers, with no artificial colors, flavors, or high-fructose corn syrup.
In September 2021, the Kellogg Company and the Albertsons Companies had partnered to address the persistent problem of kid hunger in the communities they serve.
In May 2021, Mondelz International, Inc. announced the acquisition of Chipita S.A. to strengthen its presence in the fast-growing Central and Eastern European markets, where Chipita is well-positioned.

Market Modelling

By Type

Basic Chocolate Chip Cookies
Browned Butter Bourbon Chocolate Chip Cookies
Sour Cream Chocolate Chip Cookies
Coconut Chocolate Chip Cookies
Crispy Bits Chocolate Chip Cookies
Others

By Distribution Channel

Offline sales
Online sales
Others

By Region

North America
Europe
Asia Pacific
South America
Middle East & Africa

Table Of Contents

Methodology

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Frequently Asked Questions (FAQ):

What is the size of the Chocolate Chip Cookies market?

The Chocolate Chip Cookies market is valued at USD 6.3 Billion in 2020 and will reach USD 8.57 Billion by 2027.

What is the growth rate of the Chocolate Chip Cookies market?

The Chocolate Chip Cookies market is growing at a CAGR of 5.7% during the forecast period.

What are the growth drivers of the Chocolate Chip Cookies market?

The spontaneous purchasing behavior of consumers and the Changing Lifestyle of people are the growth drivers of the Chocolate Chip Cookies market.

What is the competitive landscape of the Chocolate Chip Cookies market?

Which region is leading the chocolate chip cookies market?

Europe is estimated to project considerable growth over 2021-2027 due to flavors like buttercream, oats, and peanut butter in the European region.

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