Market Forecast By Category (Sweet Biscuit (Chocolate Coated Biscuits, Cookies, Filled Biscuits, Plain Biscuits, Others), Savory & Crackers (Plain, Flavored), Wafer, Functional/Energetic), By Distribution Channel (Online, Offline (Hypermarkets & Supermarkets, Specialist Retailers, Convenience Stores, Others)), By Packaging Type (Flexible, Rigid, Paper & Board), By Product Type (Premium, Non- Premium), By Regions (North, South, Central, East, West) And Competitive Landscape
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.
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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