Estimate the market size of Biscuit Industry in India

Question

Accepted Answer

The biscuit industry in India is a thriving market with a large consumer base and diverse product offerings.

The biscuit industry in India is one of the largest segments of the food processing industry.
India is the second-largest producer of biscuits in the world, after the United States.
The market size of the biscuit industry in India is estimated to be around $5 billion.
The industry is highly competitive, with both multinational and domestic players.
There is a wide range of biscuit products available in the market, including glucose biscuits, cream biscuits, and cookies.
The industry caters to various consumer segments, including children, adults, and the elderly.
Rapid urbanization, changing lifestyles, and increasing disposable incomes are driving the growth of the biscuit industry in India.
The industry is witnessing a shift towards healthier and premium biscuit options, such as whole wheat biscuits and organic biscuits.
Key players in the Indian biscuit industry include Britannia Industries, Parle Products, and ITC Limited.
The industry is also witnessing the entry of new players and the launch of innovative products to cater to changing consumer preferences.

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