India Biscuit Market Size, Share, Trends, Drivers, Challenges, Growth, Overview, 2017-2023

The biscuit market of India is anticipated to grow with a CAGR of more than 6% in the forecast period of FY 2017-18 to FY 2022-23. Biscuit is a highly consumed food product in India. Change in living way, premiumization of biscuits such as sugar free biscuits, oats biscuits, wheat biscuits, multi-grain biscuits have encouraged the consumers towards these products. Taste preference of consumers, demand of convenience food, concerns for health and wellness are some of the other factors which are expected to drive the market over the forecast period. Moreover, improving distribution network, attractive packaging and e-retailing will also help in the overall growth of the biscuit industry. Additionally, promotional advertisements for biscuits also attract a lot of young children and youth which is also a factor behind the increasing number of biscuit consumers.

According to recently published report of Bonafide Research "India Biscuit Market Overview, 2017-2023", the organized biscuit market accounts for more than 70% of value share in the overall Indian biscuit market. The sector is expected to surpass the revenue figure of INR 400 billion by 2023. Organized market comprises of all the major players of biscuits which serves both in rural and urban area. The distribution network of players like Parle and Britannia are widely spread in the rural areas. It is very easy to find a 5 Rs. Parle biscuit in any traditional general shop in those areas. Organized market consists of different product categories of biscuits such as cream, cookies, glucose, marie, cracker, milk, etc. Organized players like Parle, Britannia, Mrs. Bectors, Surya Food and Agro Limited manufacture all types of biscuits mentioned above. Rural consumption of biscuits have shown a better growth in past few years.

Report Link: https://www.bonafideresearch.com/product/180220242/India-Biscuit-Market-Overview,-2017,2023

"India is the third largest producers of biscuits following United States and China. The biscuit market of India is driven by factors such as increasing income of consumers, shift to premium biscuits, more manufacturing facilities set up, growing health awareness, innovation in biscuits, attractive packaging, etc." said Dhwipal Shah, Director with Bonafide Research

Geography: India
Base Year: FY 2016-17
Estimated Year: FY 2017-18
Forecast Year: FY 2022-23
Pages: 70, Figures: 32, Tables: 8

“India Biscuit Market Overview, 2017-2023'” discusses the following aspects of biscuit market in India:

- India Biscuit Market Outlook

- India Biscuit Market Size By Value & Forecast

- India Biscuit Market Segmental Analysis: By Organized Vs. Unorganized

- India Organized Biscuit Market Size By Value & Forecast

- India Organized Biscuit Market Segmental Analysis: By Company, By Brand, By Product Type

- India Cookie Biscuit Market Size By Value & Forecast

- India Cookie Biscuit Market Segmental Analysis: By Company, By Brand

-India Cream Biscuit Market Size By Value & Forecast

- India Cream Biscuit Market Segmental Analysis: By Company, By Brand

-India Glucose Biscuit Market Size By Value & Forecast

- India Glucose Biscuit Market Segmental Analysis: By Company, By Brand

-India Marie Biscuit Market Size By Value & Forecast

- India Marie Biscuit Market Segmental Analysis: By Company, By Brand

-India Cracker Biscuit Market Size By Value & Forecast

- India Cracker Biscuit Market Segmental Analysis: By Company, By Brand

-India Milk Biscuit Market Size By Value & Forecast

- India Milk Biscuit Market Segmental Analysis: By Company, By Brand

-India Other Biscuit Market Size By Value & Forecast

Download Sample: https://www.bonafideresearch.com/download_page.php?product_code=180220242

Along with the major biscuit players of India, many regional players are also into the production of biscuits. These players have similar production facilities like the renowned one. Their biscuits are well- labelled and packaged yet healthy to eat and available at a low price which makes it affordable for the low income consumers. To increase its sales and product value, companies have started to launch premium biscuits in small packets so as to increase the demand of their products in both rural and urban places. Urban localities include distribution channels such as hypermarket, supermarket, general stores and growing one "e-retailing". E-retailing is in trend nowadays. E-retailing allows consumers to select their kind of products and also offers discount at times like in festive seasons. It is convenient to shop from here as one can easily purchase anything by sitting at home. Amazon, Flipkart, Snapdeal are some of the e-retailers in India which keep biscuits from both national and international brands.

Major Companies

Major companies operating in the biscuit market of India are ITC Limited, Britannia Industries Limited, Parle Biscuits Private Limited, Surya Food & Agro Limited and Unibic Foods India Private Limited.

Bonafide Research is one of the fastest growing market research and consulting company. Our report store have collection of 30,000 premium research reports for variety of industrial verticals. We are expert in syndicated research reports & custom research solutions across the domains. We have been closely working with fortune 500 clients by helping them in tracking the constantly changing market scenario. Bonafide has continuously made efforts to evolve and enhance the report quality with each passing day. Our client base consists of BCG, Ernst & Young, PwC, Inflexion, Nestle, Crompton Greaves, SRF, CPF, Aramax, Stainhoff, Welspun, Blaupunkt, Brookfield, Lindt, Storck, GCPL, ITC, Microtek, Anchor, Hero Eco, LG Chem, Sojitz Corp., Sumitomo, FMC Corp., Lutron and many more.

Steven Thomas
Bonafide Research & Marketing Pvt. Ltd.
Address: T-13/A, IndiaBulls Mega Mall, Jetalpur Road, Vadodara
Phone: +91 265 6551309 / +91 7878231309
Email: sales@bonafideresearch.com
Linkedin: https://www.linkedin.com/company/bonafide-research/
Twitter: https://twitter.com/Bonafide_R
Facebook: https://www.facebook.com/bonafideresearch

This release was published on openPR.