The Biscuit industry is one of the largest food industries in India . The organized Biscuit Market Revenues will Surpass the Mark of INR 400 Billion by 2023 The Indian bakery market stood at a value of nearly USD 7.60 billion in 2020. The market is further estimated to grow at a CAGR of 8.5% between 2021 and 2026 to reach a value of USD 12.39 billion by 2026. The biscuits and cookies industry in India accounts for nearly 72% of the sales in the Indian bakery market.
India is the third largest producer of biscuits in the world after the US and China.
The Biscuit industry is one of the largest food industries in India . The organized Biscuit Market Revenues will Surpass the Mark of INR 400 Billion by 2023
Drives for the Biscuit Industry
- Increased income of consumers
- Demand for branded premium biscuits
- Growing health awareness
- Innovations in the industry
- Easy availability of raw materials and labour
- Increased rural consumption
The major biscuit industry players are Parle, Britannia, Mrs. Bectors, Surya Food and Agro Limited and Unibic foods Ltd. The organised biscuit market in India –valued at Rs 37,000 crore in size grew at double the rate of growth in April-May 2020 against pre-Covid levels as people stocked up during the lockdown.