The Indian biscuits industry is growing at the rate of 13-15 per cent. But it is still in its nascent stage when compared to the global biscuit industry. The bakery sector in India is estimated to be worth over 3.2 billion euros (Rs 210 billion), and is still the cheapest form of ready-to-eat food .
The rate of growth is approximately 13-15 per cent. According to Research and Markets reports, the bakery/biscuit industry is the third-highest revenue-generator in the processed food sector. The market size for the industry is pegged at $5.5 billion in 2013, and is expected to reach $7.6 billion by 2015.
The unorganized sector accounts for about half the total biscuit produced in India, which is estimated at about 1.8 million tonnes. Today, the Indian biscuit industry has an important place in the country. Biscuits are items of mass consumption, in view of their low prices and high nutrient values. With rapid growth and changing eating habits of people, biscuits have gained popularity among the masses. If the urban population shirks the usage of imported biscuits and start consuming locally made biscuits then the industry shall make rapid inroads.
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INDIAN biscuit industry AT A Glance IN 2012 - 2013
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