Expanding Chocolate Biscuits Market Forecasted to Achieve USD 26.8 Billion by 2034, Demonstrating a Steady 6.1% Annual Growth Rate
The global chocolate biscuit market is set to expand steadily, thanks to a variety of factors that include innovation in flavors, formats, and healthier formulations. This growth is particularly evident in the Asia Pacific region, where urban expansion and rising disposable incomes are driving rapid market growth.
In 2024, Europe led the global chocolate biscuit market, accounting for a 47.8% share valued at USD 7.0 billion. This dominance is expected to continue, with brands in both Europe and Asia Pacific regions investing heavily in product development and premiumization.
The convenience and indulgence of chocolate biscuits have made them a popular choice for busy urban lifestyles, where consumers seek convenient snack options. This trend is further boosted by the expansion of online sales and e-commerce channels, making it easier for consumers to purchase biscuits, including chocolate varieties, from the comfort of their homes.
Innovation is another key driver of the market. Brands are responding to rising health-consciousness among consumers by introducing gluten-free, vegan, low-calorie, and fortified biscuits containing essential vitamins and minerals. For instance, in May 2024, Group Bimbo announced a partnership with Oobli to integrate sweet proteins into baked goods, with cookie applications planned for the first products launched around year-end 2024 or early 2025.
The market is also benefiting from the growing popularity of diverse flavors, with indulgent chocolate varieties leading the charge. In May 2025, Balocco introduced a new lemon-flavored wafer line at the TuttoFood exhibition. Ferrero also entered the market with Kinderini, crunchy shortbread cookies with fun faces, in the U.S. market in January 2025.
The projected compound annual growth rate (CAGR) for the overall biscuit market is approximately 6.2%, with the market expected to expand from about USD 119.9 billion in 2025 to USD 206.6 billion by 2034. Chocolate biscuits, as a popular indulgent category within the sweet biscuits segment, are set to benefit directly from these drivers.
Offline retail channels, particularly supermarkets and hypermarkets, continue to be robust for chocolate biscuits, holding a 33.2% share in the distribution channel segment in 2024. However, the expansion of online sales and e-commerce channels is expected to continue, providing consumers with even more convenience and accessibility.
In conclusion, the global chocolate biscuit market is poised for continued growth, driven by factors such as increasing consumer demand for convenient and indulgent snacks, rising health-consciousness, expansion into emerging markets, the popularity of diverse flavors, and the growth of online sales. Brands are responding to these trends with innovation and product diversification, ensuring that the market remains vibrant and dynamic over the forecast period.
In the forecast period, businesses in the chocolate biscuit market are projected to invest heavily in product development and premiumization, aiming to cater to the rising health-conscious consumers by introducing healthier options and diverse flavors. Furthermore, the growing popularity of online food-and-drink sales is anticipated to provide a boost to the lifestyle sector, including the finance of chocolate biscuit brands.
