Press release
India Biscuit Market Outlook (2021-2027) | Size, Revenue, Forecast & 6Wresearch
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 increasing demand for healthy & nutritional ready-to-eat food products and manifestation of demographic window in forthcoming years. Furthermore, varieties of biscuits and innovation in taste such as fruit biscuits, cream biscuit, sweet biscuits coupled with increase in demand during festivals such Diwali and Ramadan would bolster demand for biscuit segment over the coming years.
The sweet teeth culture of India along with convenient availability of ready-to-eat food product and substitute of traditional sweets, as well as favourable national policies by the Indian government, such as Retail and Wholesale Trade in MSMEs, allowing 100% FDI in retails sector and funding Production Linked Incentive (PLI) for enhancing manufacturing capabilities and exports, which would give a tremendous boost to the retail, food, hospitality and commercial sectors, thus becoming the key market drivers for biscuit market in India in the coming years. Furthermore, rising demand for packaged food due safety concerns, along with increased need for ready-to-eat food due to evolving lifestyle, would drive up demand for biscuit in the coming years.
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Market by Distribution Channel Analysis
In terms of distribution channel, offline segment has captured 88.4% of the market revenues in 2020.
Key Highlights of the Report
India Biscuit Market Overview
India Biscuit Market Outlook
Market Drivers and Restraints
India Biscuit Market Forecast
Porter's Five Force Analysis
Impact Analysis of COVID-19
Market Trends
Competitive Benchmarking
Industry Life Cycle
India Biscuit Market Revenue Share, By Companies
Company Profiles
Key Strategic Recommendations
Historical Data and Forecast of India Biscuit Market Revenues and Volume for the Period 2017-2027F
Historical Data and Forecast of India Biscuit Market Revenues, By Packaging Type, for the Period 2017-2027F
Historical Data and Forecast of India Biscuit Market Revenues, By Regions, for the Period 2017-2027F
Historical Data and Forecast of India Biscuit Market Revenues, By Product Type, for the Period 2017-2027F
Historical Data and Forecast of India Biscuit Market Revenues and Volume, By Category, for the Period 2017-2027F
Historical Data and Forecast of India Biscuit Market Revenues, By Distribution Channel, for the Period 2017-2027F
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