INDIAN BISCUIT INDUSTRY AT A GLANCE IN 2022 - 2023
The Indian Biscuit industry size is estimated to grow at a CAGR of 9.0% between 2021 and 2027. India's vast population and changing consumer preferences, has made it a significant player in the global biscuit industry. The rise of eCommerce and online grocery shopping platforms has made it more convenient for us to buy biscuits.
In India, key players in the biscuit market include Parle Products, Britannia Industries, ITC, Mondelez India Foods, Surya Food & Agro, Anmol Biscuits, SAJ FOOD PRODUCTS, UNIBIC Foods India, Dukes Products India, etc .
Market SizeAccording to the Indian biscuit manufactures association (IBMA), India produces about 5000 tons of biscuits everyday which gets well absorbed in the market. Moreover, the Indian biscuit industry employs about 7.5 lakh workforce directly and more than 30 lakh persons indirectly in marketing, retail network, transportation etc. The current Indian biscuit market size is a staggering 30,000 cr.
The overall sale and production are decreased by 15% to 20% since the GST implementation.
India is the third-largest biscuit producer, after the United States and China.
The Indian Biscuit market is expected to reach $11,792.3 million by 2027.
