Industry Analysis & Industry Trends
The Biscuit Production industry has faced some onerous challenges over the past decade. The era of health, nutrition and convenience has ushered in new consumer tastes, lifestyles and dietary concerns, forcing producers to adapt. The emphasis on healthy eating and living has adversely affected demand for the industry's products, especially for sugar-rich sweet biscuits. Further, the changing demographic composition of the average household and periods of unsustainably high input prices have caused volatility in the industry. However, biscuit manufacturers have been able to withstand the general downturn in consumer spending since the onset of the global financial crisis as people have turned to biscuits as an affordable and indulgent comfort food... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Biscuit Production industry is in a mature life cycle stage, characterised by a saturated domestic market and a range of well-established products and manufacturers. Although barriers to entry remain relatively low, the industry is typified by a few, large producers who fiercely compete for market share, which tends to restrict the number of new players entering the industry. Due to a saturated domestic market, it is imperative for manufacturers to constantly introduce new products to stimulate demand and differentiate themselves from competitors. In the ten years through 2017-18, industry value added is expected to decline by an annualised 0.9%, while GDP is forecast to grow at an annualised 1.0%... purchase to read more