A study, recently conducted by the strategic consulting and market research firm, BlueWeave Consulting revealed that India Biscuits Market is projected to reach USD 11,792.3 Million by 2027, growing at a CAGR of 12.4% during the forecast period.
India Biscuits Market
A study, recently conducted by the strategic consulting and market
research firm, BlueWeave Consulting revealed that India Biscuits
Market is projected to reach USD 11,792.3 Million by 2027, growing at a
CAGR of 12.4% during the forecast period. The Indian biscuit market is
being powered by factors such as rising customer income, a shift to quality
biscuits, the establishment of more manufacturing facilities, rising health
awareness, biscuit innovation, appealing packaging, and so on. Moreover,
the active involvement of women in business life, as well as having less
time for cooking homemade food, is propelling the demand for biscuits in
India. Furthermore, people are becoming more health-conscious, which
motivates them to make healthier snack choices. Especially during COVID -
19, ready-to-eat options that are easy to preserve at home and have long
shelf life are highly preferred by consumers.
The bakery industry is one of the oldest businesses in India, which is
changing, in terms of product range and services due to high nutrient
value. India is one of the largest producers of biscuits in the world.
Active lifestyle and Health Awareness of consumers
The active lifestyles of consumers, as well as their growing preference for
convenient eating choices, are propelling the demand for healthier
biscuits. Consumers who are health-conscious prefer biscuits with a high
nutritional value. This has made manufacturers use more fibrous and
nutritious constituents like oats, decreasing the number of artificial colors
and additives and avoiding high fructose syrup altogether. Another variant
for health-conscious consumers is the low sugar or sugar-free biscuits that
help with weight management, cholesterol management, and much more.
The Rising demand for Ready to Eat Snacks
The growing demand for ready-to-eat snacks among the people is further
expected to boost the biscuit market's growth in India. Furthermore, the
unexpected outbreak of COVID-19 and the pandemic-in