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Biscuits And Candy Manufacturing Industry | |
| Biscuits and Candy Manufacturing Industry. Setting up a Food Processing Factory Biscuits Biscuits are made from a number of ingredients. Flour is the most basic and important. Biscuits are one of the most important snacks used in an average household. They are a variety of breads popular for breakfast and other meals. A lot of different type of biscuits are being manufactured by the various large scale companies with plants, where they are packaged and supplied within a short time span. The biscuits are made from various combinations of raw materials such as flours, shortening, leavening, and water or milk. The type of biscuits included in the sweet biscuits, savory, crackers, filled/coated, wafers, and others. Biscuit is a term used for an assortment of baked, mainly flour-based food products. The term biscuit can mainly refer to two products. Biscuit is a term used for a variety of baked, mainly flour-based food products. Biscuits are either sweet or savoury. Biscuits are touted healthful because they are prepared with whole wheat flour and other wholesome ingredients. Known to be of the right balance between sweet and savoury, biscuits have grabbed attention of all the health-conscious people. Candy Candy, also called sweets or lollies, is a confection that features sugar as a principal ingredient. The category, called sugar confectionery, encompasses any sweet confection, including chocolate, chewing gum, and sugar candy. Candy, also called confectionery, sweet food product. Candy segments target not just children, but youngsters as well. To expand their horizons, many have moved beyond advertising in children’s books and traditional mediums too. Market Outlook India biscuit market stood at $3.9 billion in 2016, and is projected to grow at a compound annual growth rate (CAGR) of 11.27 per cent, in value terms, between 2017 and 2022, to reach $7.25 billion by 2022. India is the third largest producers of biscuits following United States and China. The biscuit market of India is driven by factors such as increasing income of consumers, shift to premium biscuits, more manufacturing facilities set up, growing health awareness, innovation in biscuits, attractive packaging, etc. Moreover, augmented disposable incomes, along with changing lifestyles, increasing awareness regarding healthy diets and changes in food consumption patterns, are some of the other factors expected to propel demand for biscuits over the course of the next five years. Additionally, introduction of healthy, sugar-free, digestive, multigrain & oat biscuits are further contributing to the growth of this market. India biscuits market is largely driven by demand originating from urban population; however, with improving purchasing power of rural consumers, market players are making efforts to reach the untapped rural market by taking certain key initiatives such as offering low priced products and smaller packs coupled with improving distribution network. Major companies operating in the biscuit market of India are ITC Limited, Britannia Industries Limited, Mondelez India Foods Private Limited, Parle Products Private Limited, Surya Food & Agro Limited, Ravi Foods Private Limited, Unibic Foods India Private Limited, Anmol Industries Limited, Mrs. Bectors Food Specialities Limited and United Biscuits Private Limited. The biscuits market is segmented into sweet biscuits, savory, crackers, filled/coated, wafers, and others. The sweet biscuits segment is likely to be the most attractive segment in the forecast period on the backdrop of the rising consumer preference towards healthy biscuits. On the basis of source type, the biscuits market can be segmented into wheat, oats, millets, and others. The savoury biscuit market has seen considerable growth in recent years, benefiting from the growing consumer trend toward healthier alternatives to sweet snacks. Manufacturers have also given the market greater appeal by introducing exciting products and flavors like tomato salsa, onion & garlic, cream cheese among others, while emphasizing on the health benefits of the biscuits. Revenue generated from biscuits market is estimated to be valued at roughly US$76,384.9 mn by the end of 2017 and is expected to increase at a CAGR of 4.7% over the forecast period. Global biscuits market are expected to be valued at approximately US$109,959.9 mn by the end of 2025. Demand for biscuits is increasing due to the innovative packaging, new flavors, shapes, technologies. The major factors driving the growth of the biscuits market are the increasing preference for convenience and snacking. Expanding demand for healthy snacks and increase in per capita consumption in developing countries are also driving the global biscuits market. Biscuits are convenient snacks which can be carried while transport, stored and eaten anywhere. These convenient aspects of biscuits are major factors responsible for increased demand and growth of global biscuits market. In addition, use of innovative and modern technologies in biscuit packaging by manufacturers is another factor to empower the rapid growth of this market. Candy Market The candy markets there are different flavored candies in varied shapes available in the market. Companies are also engaged in new product launch, which is further boosting the market demand for candies. Product innovation also aimed at addressing the growing health issues pertaining to candy consumption, such as diabetes. Major cities in India, such as Delhi/NCR, Mumbai, Hyderabad, Bengaluru, Chandigarh, Chennai, and Kolkata are among the leading demand generators of candies in the country. With increasing economic development in the country, lifestyle and preference of consumers is also significantly changing in Tier I and Tier II cities, which is driving candy consumption across these cities. Moreover, demand for sugar-free and low calorie candy products is also growing on account of increasing health awareness among consumers across the country. The most dominant segment in the country’s candy market is sugar candy. The sugar candy segment is expected to maintain its dominance due to continuing launch of innovative products as well as aggressive branding initiatives undertaken by leading market players. Preference for premium chocolate candies as gifts on festivals and functions is also growing considerably across the country due to increasing marketing initiatives to position chocolate candies as a product of indulgence rather than impulse product. India Candy market has witnessed a robust growth during the last five years and is anticipated to grow at a double digit CAGR during the next five years. Candy, also known as sweets, toffies or lollies, is a sweet treat or a confection made with sugar or sugar substitutes like chocolates, combined with additives like fruits, nuts, etc. or a piece of such confection. India Candy Market: Key Players Perfetti Van Melle, Nestle, Mondelez, Parle Agro, ITC, Lotte, Mars and D.S Group are some of the major players operating in India Candy market. Candy is usually made in smaller pieces. The growth of the global candy market is the incessantly increasing expenditure capacity of consumers and growing urbanization. The growing target consumer base and product innovation is further expected to drive the growth of the global candy market. The food and beverages industry identifies candy as a part of the confectionary industry and uses the term confectionary and candy interchangeably. This preferably includes preserves, pastries, and ice creams. The global candy market has been segmented on the basis of the presence of chocolate. The candy market is considered to be a seasonal market and has skyrocketing sales during festive seasons. To meet the mounting requirements for candies during festive seasons, manufacturers raise the employment in order to intensify production and output. 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