India Biscuit Market Outlook (2021-2027) | Share, industry, Opportunities, Size, Growth, Revenue, Forecast, Outlook & COVID-19 IMPACT

Latest 2021 Developments:

India Biscuit Market has seen development and innovation on the basis of flavor, format, and authenticity. The companies are mixing exotic fruits, for instance, hazelnuts, cranberries, banana, pears, and others, to their existing biscuit to give them a natural flavoring. Furthermore, there is a reduction in the amount of artificial color and preservatives because consumers are becoming more health-conscious. The companies are expanding their product market by combing chocolate and biscuits together, for instance, Cadbury 5Star Oreo. Additionally, for making biscuits healthier the companies are increasing the amount of anti-oxidant-rich fiber, such as whole grain oats.

Mergers and Acquisitions:

• On 11 May 2021, Ruchi Soya announces that it has acquired a biscuit business from Patanjali Natural Biscuit Pvt Ltd. in a crash sale for Rs.  60.02 crores. The objective of this acquisition is to expand the product share of the existing business.
• In March 2021, Mondelez international acquired Gourmet Food Holdings Pvt Ltd, an Australian food firm that produces gourmet biscuits and crackers. Through this acquisition, Mondelez gains expansion in snacking market of Australia and New Zealand.

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Increasing disposable income, changing consumer taste preferences, rising demand for processed food as well as the availability of numerous product variants have buoyed the growth of the biscuits market in India. Additionally, the introduction of healthy, sugar-free, digestive, multigrain & oat biscuits is further contributing to the growth of this market. India biscuits market is largely driven by demand originating from the urban population; however, with improving purchasing power of rural consumers, market players are making efforts to reach the untapped rural market by taking certain key initiatives such as offering low priced products (starting from $0.17) and smaller packs coupled with improving distribution network.

According to 6Wresearch, India biscuits market size is projected to reach $8.2 billion by 2023. Plain biscuits segment acquired the highest India biscuits market share in 2016, however, with changing taste preferences of consumers, the cookies segment India is expected to witness the highest India biscuits market forecast revenues over the coming years. Moreover, the gifting trends of high-end premium cookies have been recorded in metro cities.

Among various distribution channels, grocery stores led the market due to their high presence in both rural and urban areas. However, with a growing number of organized retail formats in the country, hypermarkets and supermarkets are likely to exhibit the highest growth rate over the coming years. Also, with the rising preference for online shopping, the e-retailing of biscuits is emerging as a critical media platform for expanding the product portfolio.

The India biscuits market report thoroughly covers the biscuits market by category, types, distribution channels, and regions. The India biscuits market outlook report provides an unbiased and detailed analysis of the India biscuits market trends, opportunities/ high growth areas, market drivers which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics. India Biscuits market is growing in a significant way in the forecast period. Now a day the consumer lifestyle change and according to that taste also changes, preferences, and consumers now day becoming health conscious. The biscuit industry is one of the largest food industries in India.

India Biscuits market is projected to secure tremendous growth during the forecast period 2017-23F backed by the rising consumption rate in the country. Further, the rising distribution channels, especially the opening of retail outlets like supermarkets that contain a wide range of biscuits has led to attracting children, as a result, is likely to accelerate the demand for biscuits in the market and impact positively on the market growth. In the country, biscuits are the main in the breakfast and sometimes in the evening as well taken with tea is estimated to boost the biscuits sales and is estimated to bolster the growth of the India biscuits market in the upcoming six years.

Key Highlights of the Report

• India Biscuits Market Overview
• India Biscuits Market Outlook
• Historical data of Global Biscuits Market for the Period 2014-2016
• Market Size & Forecast of Global Biscuits Market until 2023
• Historical data of India Biscuits Market for the Period 2014-2016
• India Biscuits Market Size & India Biscuits Market Forecast Revenues, until 2023
• Historical data of India Biscuits Market, By Types for the Period 2014-2016
• Market Size & Forecast of India Biscuits Market, By Types until 2023
• Historical data of India Biscuits Market Revenues, By Category for the Period 2014-2016
• Market Size & Forecast of India Biscuits Market Revenues, By Category until 2023
• Historical data of India Biscuits Market, By Distribution Channels for the Period 2014-2016
• Market Size & Forecast of India Biscuits Market, By Distribution Channels until 2023
• Historical data of India Biscuits Market, By Regions for the Period 2014-2016
• Market Size & Forecast of India Biscuits Market, By Regions until 2023
• Market Drivers and Restraints
• India Biscuits Market Trends and Opportunities
• Industry Life Cycle and Value Chain Analysis
• Porter's Five Forces Analysis
• India Biscuits Market Share by Players 
• India Biscuits Market Overview on Competitive Benchmarking
• Company Profiles
• Recommendations

Markets Covered

The India biscuits market report provides a detailed analysis of the following market segments:

• By Types

    o Plain Biscuits
    o Cookies
    o Sandwich Biscuits
    o Center-filled Biscuits

• By Category

    o Premium Biscuits
    o Non-Premium Biscuits

• By Distribution Channels

    o Grocery & Mom-and-Pop Stores
    o Hypermarkets & Supermarkets
    o Convenience Stores
    o Others (E-commerce, Drug Stores)

• By Regions

    o Northern
    o Western
    o Eastern
    o Southern