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Brand Equity of 3 Major Biscuit Brands Based on Consumer Perception

Category Analysis – Biscuits

Region – India

As per research reports, Indian biscuit market is projected to grow at a compound annual growth rate (CAGR) of 11.27% to reach $7.25 billion by 2022. Biscuit industry is driven by the increasing consumption of packaged and convenience foods, the availability of a variety of biscuits and an increase in disposable income among urban and rural Indian population. Demand for high fiber, organic variants, natural flavors, and affordable cost are driving the biscuit makers to introduce diversity of tastes and benefits ranging from health and nutrition to pure indulgence. In this report, we bring deep insights into the biscuit industry, covering the customer perception drivers, must-have features, brand equity, and many more interesting aspects.

Methodology

The analysis is based on customer reviews and conversations online in the segment. The analysis results presented are completely unbiased and not based on any subjective judgement. The source data used for the analysis are user conversations available publicly online like public forums and social media.

6,693

Total number of customer conversations analyzed

Biscuit Industry Overview

Biscuit Industry Growth Drivers

India is the world’s largest biscuit consuming nation with a great penetration in urban as well as rural areas.  Indian biscuit industry is driven by many growth factors that will result in considerable growth in biscuit industry. Below listed are the major factors contributing to the growth of Indian biscuit market:

  1. Increasing disposable income
  2. Changing lifestyles
  3. Growth in organised retail
  4. Increasing consumption of processed and packaged food
  5. Shift to premium biscuits
  6. Growing health awareness
  7. innovation in biscuits
  8. Attractive packaging
  9. Rising trend in E-retailing
  10. Expanding working population
  11. Increasing urbanization

Top 4 Customer Perceptions

Brand managers and marketers should look through the eyes of the customers to see how they experience brands in the real world. Marketers are no more limited to just nice words and advertising – it has evolved into knowing customer perceptions. It is important to know how customers really feel about their brands and what are the drivers of brand loyalty. 

Customer perception plays a major role in buying behavior. Hence companies are going the extra mile to create a pleasant and happy customer experience. Companies are ready to spend money and effort to influence customer perception and drive profitable consumer behavior.

We, at Clootrack capture every experience that customers have with their brands. We analyze thousands of customer experiences to capture what people feel about a brand, and in turn derive priceless insights into products and competition.

Clootrack went beyond just social platforms to track discussions – online forums, social media groups, internal data such as customer care tickets, chat bot extracts, emails and any other internal maintained forums. And all this to understand customer perception – what your customers and prospects think of your brand – to analyze the perception drivers for biscuit brands.

Here we explore the evolving biscuit industry landscape and the top customer perception drivers, delight drivers and brand equity.

1. Taste Of Biscuits

Consumers are rapidly evolving in terms of taste preferences towards the variety of biscuits available in the market.  No wonder a lot of varieties have taken place such as cookies, cream filled biscuits, nuts and fruits varieties, etc. As per the report compiled by Clootrack based on 6,693 customer conversations, taste stands out as the number one driver for consumers to reach out for biscuits. Customers express their love towards unique taste of biscuits, tea and snack time biscuit taste as well as the same taste maintained by some manufacturers over the years. Market players need to come up with product innovation to enhance the taste of the biscuits to attract and retain their consumers’ interest.

2. Cost

Biscuits in India are available for a price as low as Rs. 5 making it affordable for all sections of the society. Biscuits form a common product irrespective of rich or poor consumers. This is one of the important drivers for consumers of biscuit industry. Biscuits industry will see an exponential growth over the next few years in India and this will be possible due to the value for money, perfect price, and affordable pricing strategies making biscuits more affordable for consumers. Biscuit makers should procure raw materials and labor at a competitive prices in order to keep the cost at bay. Industry should invest in innovation to produce biscuits at an affordable price.

3. Ingredients/Natural Flavors

With rise in consumer awareness about ingredients and health benefits, consumers are asking for low sugar and low calorie biscuits, pushing manufacturers to enhance nutrition and reduce sugar in biscuits. Consumers are looking forward for healthy ingredients, natural ingredients and nutrition as a combination in biscuits. With increasing consumer demand for nutritious and safe food, biscuit makers should go the extra mile to make biscuits a healthy choice for its consumers. Including healthy ingredients such as oats, millet, whole wheat, multigrain, sugar-free and natural flavors, will further contribute to the biscuit market. 

4. Range of Flavors

Customers of all age groups love biscuits as they come in different flavors starting from basic sweet and salt. There are more variations and going all the way up to butter, almond, coconut, multiple flavors, traditional flavors, nutty and chocolate flavor, and much more. Consumers have clearly said in their online conversations that they like biscuits that come in a range of flavors. Biscuit makers should note it and manufacture biscuits from buttery to cheesy, sweet to savory, all the biscuits that consumers want to eat. 

Customers of all age groups love biscuits as they come in different flavors starting from basic sweet and salt. There are more variations and going all the way up to butter, almond, coconut, multiple flavors, traditional flavors, nutty and chocolate flavor, and much more. Consumers have clearly said in their online conversations that they like biscuits that come in a range of flavors. Biscuit makers should note it and manufacture biscuits from buttery to cheesy, sweet to savory, all the biscuits that consumers want to eat.

Brand Equity of 3 Major Biscuit Brands Based on Consumer Perception

Brand equity is the value that a customer attaches to a particular brand due to the customer perception and the customer experiences with the brand. A positive experience will generate positive brand equity, while dissatisfying experience will result in negative brand equity. When a brand does not understand its brand equity, it can struggle to setup metrics for improvement. At the same time it is important to know your competitors’ brand equity as it has a direct influence on your company’s brand equity.  Brand equity reveals areas where your competitors are doing extremely well or areas where they not providing value to their customers. 

Download the detailed report for free to get to know the brand names in the below chart. The detailed report also covers list of features that delight users and several other interesting insights. Enter your email below to get this report for FREE.

 

 

 

Brand Equity of 3 Major Biscuit Brands Based on Consumer Perception

 

 

Brand equity is the value that a customer attaches to a particular brand due to the customer perception and the customer experiences with the brand. A positive experience will generate positive brand equity, while dissatisfying experience will result in negative brand equity. When a brand does not understand its brand equity, it can struggle to setup metrics for improvement. At the same time it is important to know your competitors’ brand equity as it has a direct influence on your company’s brand equity.  Brand equity reveals areas where your competitors are doing extremely well or areas where they not providing value to their customers. 

Download the detailed report for free to get to know the brand names in the below chart. The detailed report also covers list of features that delight users and several other interesting insights. Enter your email below to get this report for FREE.

Download the detailed report for free to get to know the brand names in the above chart. The detailed report also covers list of features that delight users and several other interesting insights.  

Enter your email below to get this report for FREE.

Top 3 Emerging Trends

Biscuit industry in India has seen a consistent growth and is witnessing a boom in market share. The industry is going through phases of innovation which is seen in the form of new packing, attractive flavors, innovative shapes, heightened taste and healthy variants. The industry is undergoing a lot of changes due to the changing taste preferences of consumers.  Here are top 3 emerging trends in biscuit industry in India:

1. Healthy And High Fiber Biscuits

With all the health talks doing rounds, it has not spared the biscuit industry. A biscuit that come with nutritional factors such as carbohydrates, fats, and fibers and are essential to human health has emerged as a new trend in the industry.  The nutritional value that biscuits offer makes it a highly preferred replacement for breakfast. Health conscious consumers prefer to have low sugar and low calorie biscuits and this is motivating the biscuit manufacturers to develop healthy and high fiber biscuits.

2. Exotic Fruits And Nuts In Biscuits

Consumers seem to say ‘Normal is boring’. The emerging trend in biscuit industry is to have biscuits packed with wholesome exotic fruits and nuts. A variety of fruits and nuts such as apple, bananas, mangoes, hazelnuts, pecans, figs, pears and cranberries and much more have been emerging as a favorite among consumers. Consumers are asking for a little extra crunch from these totally exotic fruits and nuts which are boosted with healthful ingredients that taste even better!

3. Local And Historical Brands

As per a survey, consumers in India prefer local brands the most. Indian brands are able to understand the consumer needs and hence are preferred against global brands. It is observed that local and historical brands are becoming an emerging trend in India. Biscuit manufacturers understand Indian consumers and all about how the consumers consume, where and when he consumes biscuits. This has led to a large acceptance of local biscuits by the Indian consumers.

Detailed Report

 Market analysis uses research findings to identify the strengths and weaknesses that can be used to take advantage and move ahead of the competition. Learn much more about the biscuit lovers and the factors that delight them. Which are the emerging biscuit brands in India? What is the overall sentiment as per the online conversations of consumers? 

Do want to know other important factors that customers are talking about in biscuits industry? You can download the pdf version of the complete report for free. Enter your email at the end of this report and we’ll send it to you for FREE.

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