Higher imports, volatile input prices and fast disappearing profit margins – that is just how the cookie crumbles. The Biscuit Manufacturing industry has shown glimpses of promise over the past five years, but a saturated domestic market, turbulent economic conditions and highly volatile commodity prices have led to a drop in sales. In the five years through 2012-13, industry revenue is expected to increase by an annualised rate of 0.2% to total $1.4 billion. Similar to related manufacturing industries, there has been an increasing trend of industry participants outsourcing their production centres to low-cost countries such as China and India.
The Biscuit Manufacturing industry consists of establishments that manufacture biscuits (including unleavened bread). The term biscuit refers to any kind of shortened bread that has been leavened with soda or baking powder and is formed into cakes. It bakes hard and can be of many varieties including sweet, savoury or fancy.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.