India Biscuit Market Synopsis
India biscuit market grew in 2017-2020 owing to the change in lifestyle, increase in the working population and increase in the demand for ready-to-eat food products. Furthermore, government decisions such as Retail and Wholesale Trade in MSMEs, allowing 100% FDI in the retail sector and funding the Production Linked Incentive (PLI) for enhancing manufacturing capabilities and exports would give a tremendous boost to the retail, food, hospitality and commercial sectors. These sectors in turn would lead to the growth in hypermarkets, supermarkets and retail stores, thus bolstering the aforesaid market in the region.
According to 6Wresearch, India biscuit market revenue size is projected to grow at a CAGR of 9.0% during 2021-2027. The demand for biscuit would increase on account of the increasing demand for healthy & nutritional ready-to-eat food products and the manifestation of the demographic window in forthcoming years. Furthermore, varieties of biscuits and innovations in taste such as fruit biscuits, cream biscuits, and sweet biscuits coupled with an increase in demand during festivals such as Diwali and Ramadan would bolster demand for the biscuit segment over the coming years.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2017 to 2020.
- Base Year: 2020
- Forecast Data until 2027.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Biscuit Market Share in India
The Biscuit Market in India is one of the most prominent markets and there are many factors driving the growth of the market in the country. The major factors driving the growth of the market are the rise in the working population, the rise in food products that are ready-to-eat, and the transformation in lifestyle. The biscuit market share in India is continuously rising, as this sector is an inseparable part of the Asia Pacific Biscuit Market, and it shows the sector in the country has been accomplishing growth.
There are a number of players in the India Biscuit Market, which are Britannia Industries Limited, Parle Products Private Ltd, ITC Limited, Surya Food & Agro Ltd, Mondelez India Foods Private Limited, Mrs Bector’s Food Specialties Ltd., pladis Foods Ltd, Ravi Foods Pvt. Ltd., Saj Food Products Private Limited. The share of the sector is driven by the driving factors and the efforts made by the key players operating in the market. The sector is flourishing at a faster pace and it will continue to flourish the same way in the near future.
Key Highlights of the Report
- Historical Data and Forecast of India Biscuit Market Revenues and Volume for the Period 2017-2027F
- India Biscuit Market Revenue Share, By Companies
- Market Drivers and Restraints
- Porter’s Five Force Analysis
- Impact Analysis of COVID-19
- India Biscuit Market Forecast
- Competitive Benchmarking
- India Biscuit Market Outlook
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