Indian Biscuit Industry










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Biscuit Industry INDIAN BISCUIT INDUSTRY AT A GLANCE IN 2017 - 2018 Biscuit Industry


Industry Overview

As per the Indian biscuit manufactures association (IBMA) data, India produces 5000 tons of biscuits everyday which gets well absorbed in the market. Biscuits in India are made of agricultural products such as wheat, vegetable oil, sugar and milk which are produced indigenously on large scale supporting many SMEs. Moreover, biscuit industry employs about 7.5 lakh workforce directly and more than 30 lakh persons indirectly in marketing, retail network, transportation etc.

Stalled Performance

Despite these staggering figures, the Industry biscuit industry is facing tough days when the overall growth is almost at standstill. Despite being the market size of staggering 30,000 cr, the Indian biscuit sector is not getting any investments and there is absolutely no innovation happening. Moreover, the overall sale and production are decreased by 15% to 20% since the GST implementation. Overall the industry is suffering a huge loss. Furthermore, this industry is devoid of automation thus not growing at par with the other food industries.


Indian Biscuit Industry in 2017-2018

Forecast for the Industry

Indian biscuit market stands at staggering $ 3.9 billion mark and growing at a CAGR of 11.27%, in value terms expected to reach $ 7.25 billion by 2022. Moreover, India is one of the largest countries as far as biscuit consumption is concerned.

 

 

 

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Indian Industry  back to biscuit INDUSTRY