India biscuit market is expected to grow with a CAGR of more than 6% by the forecasted period of 2023. Market Size, Share, Growth, Trends, Dynamics, Others.
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Earlier biscuits were regarded as part of diet for people who were ill, but at present is one of the most preferred foods across various age groups. Their popularity has grown because they can be carried easily and they offer a wide variety of tastes and are also not that expensive. Sweet, fatty biscuits trigger ones brain reward circuit, flooding it with dopamine and making feel good. The crunchiness adds on to the satisfying foods to eat, from a sensory perspective. So, it's easy to see why one soon reaches out for another biscuit seconds after the first. A high-fibre digestive biscuit may help you feel full longer than a cookie made with processed white flour and refined sugar. Fibre also plays a part in healthy elimination, and a high-fibre diet can help you avoid the risk of heart attack, stroke and certain types of cancer. Increasing awareness health & wellness, changing lifestyle, rise in disposable income, products premiumization, along with upsurge in the number of double income households has helped biscuit market to grow considerably. In addition to this, innovations in products, changing taste preference of consumers are also driving the biscuit industry.
According to the report published by Bonafide Research, “India Biscuit market Outlook, 2027-28” the market for biscuits is anticipated to grow at a CAGR of 5.53% over the forecast period ending 2027-28. The market is running in both organized and unorganized ways. The organized market is further divided into product types such as cookies biscuit, cream biscuit, glucose, marie, milk, crackers, etc. Cookies biscuits are the largest revenue generating product in India capturing majority of the market. Cookies biscuits market is majorly driven by the urban consumers. Cookies are available in a large number of variants which are both tasty and healthy to consume. The nation is characterized with a monetarily strong middle class, making the economic pricing segment an important revenue generator. India biscuit market is dominated by players like Britannia Industries, Parle, ITC Limited, etc. Some of their largest brands include Parle-G, Good Day, Sunfeast, Marie Gold, etc. All these big players are into production of every type of biscuits. Additionally, the country has some regional players as well who make biscuits for a particular region or states. India is considered to be the third biggest producer of biscuits after United States and China. The country exports its biscuits to countries like Uganda, Nepal, Tanzania Rep, etc.
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