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The Transformation of Indian Biscuits Industry
After the United States and China, India is the third-largest producer of biscuits. While the country is one of the world's greatest biscuit consumers, per capita consumption is still quite low at 2.1kg, compared to Ireland's 21.76kg. Biscuits and cookies have come a long way in India, accounting for around 72 percent of the baking industry's sales. The sector has benefited greatly from rising packaged and convenience food consumption, the availability of a wide range of biscuits, and rising disposable incomes.
According to the Market Outlook research, India's biscuit market was worth $3.9 billion in 2016 and is expected to increase at a CAGR of 11.27 percent in value terms between 2017 and 2022, reaching $7.25 billion by 2022. Taste and preference, convenience food demand, health, and wellness concerns, as well as a trend toward premium biscuits such as sugar-free, oats, wheat, and multi-grain biscuits, will all drive demand.
The history and present state of the Indian biscuit industry
Biscuits were once prepared in India with plain flour, sugar, and saturated oil, then molded, baked, and cooled in an industrial setting. However, as people's disposable wealth increased, as did their tastes and preferences, biscuit manufacturers were pushed to develop a new line of biscuits. This difficulty was successfully solved by the development of salted biscuits, which lowered the quantity of sugar in the batter by increasing the salt content. Thinner crusts and the inclusion of digestive elements to make biscuits more nutritious were also added to the manufacturing process.
The biscuit business is currently divided into two sectors: organized and unorganized, with well-known brands controlling the organized sector's market share. Small bakery operations, cottage and domestic type manufacturing, and packaging units, on the other hand, make up the unorganized sector, which helps them distribute their goods in the surrounding areas. The rise of the unorganized sector is aided by self-managed and concentrated product lines, as well as lower marketing expenditures.
Embracing innovation as a means of overcoming obstacles
The busy lifestyle of customers searching for easy food alternatives is driving up demand for nutritious biscuits. Millennials are the driving force behind current consumer trends in India, with 64 percent of the population in the working-age bracket. Millennials pay close attention to nutritional information on packaging and eat snacks at least twice a day.
As a result, the biscuit sector must pay special attention to recent developments and changes that might assist it in producing exactly what is required. Biscuits are divided into sectors such as Glucose, Marie, Cream, Crackers, and Milk, but most customers have already tried them, which is why firms are rapidly coming up with novel tastes and ingredients to pique consumers' interest.
Biscuits have evolved from light to high fiber to multi/whole grain and oats in recent years, as health-conscious customers want biscuits with high nutritional content. This has led to the use of more fiber and nutritious ingredients like oats, as well as a reduction in the number of artificial colors and preservatives and a full avoidance of high fructose syrup.
Low sugar or sugar-free biscuits are another options for health-conscious consumers who want to lose weight, lower cholesterol, and so on. Low-sugar and even sugar-free biscuit choices, on the other hand, do not sacrifice flavor since they contain healthy substitutes such as honey, coconut, fruits, and dark chocolate.
Furthermore, marketers are taking things a step further by experimenting with exotic fruits and nuts that are both tasty and nutritious. Hazelnuts, figs, pears, bananas, and a variety of other ingredients have recently appeared in popular biscuits across the country, improving the biscuit-eating experience for customers. These cookies are ideal for new-age customers who value health above taste, as fruits and nuts are high in critical vitamins and minerals.
Anmol Industries is India's fourth-largest biscuit company. Since its beginning, Mr. Gobind Ram Choudhary, a brilliant entrepreneur and also the Managing Director of Anmol Industries, has led it to become a multi-million biscuit brand with 61 types of biscuits.
Do you want to know more about him? Click here
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Best Chocolate Biscuits In India
Yummy is loved by kids!
Let them enjoy the creamy crunch as a fun snack between meals.
https://www.anmolindustries.com/product/yummy-chocolate/
Phone: +91 120 474 8888
#AnmolBiscuits #Chocolate #LoveForChocolate #ChocolateMania #CreamyTreat #KidsFavourite #KidsLoveChocolate #Yummy #Delicious #Treat #Snack #AnmolIndustries #AnmolPal
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Biscuit maker Anmol Industries planning IPO in 2018
Biscuit maker #AnmolIndustries planning #IPO in 2018
Kolkata-based cookies and biscuits maker Anmol Industries Ltd plans to list in 2018 and has started work on an initial public offering (IPO), three people aware of the development said.
“Anmol Industries is eyeing an IPO in the coming year. They have already appointed two domestic investment bankers for working on the IPO prospectus, which they are looking at filing with Securities and Exchange…
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