The main raw material of biscuits is wheat flour, and then sugar, oil, eggs, dairy products and other accessories are added. With the economic growth in China and the improvement of people's living standards, the production of biscuits will develop in the direction of staple food, dim sum and snack food, and the biscuit market in China has a broad development space.
The data shows that in 20 17, China's biscuit output reached 8.736 million tons, up 7.02% year-on-year. It is estimated that during the Thirteenth Five-Year Plan period, China's biscuit output will increase by about 7%- 10%, and by 2024, China's biscuit output will reach14.37 million tons.
At present, the gross profit margin of China biscuit industry is around 20%. In the next few years, with the continuous improvement and large-scale development of enterprise management level in the industry, the gross profit margin of the industry will be further improved. However, due to the increase in costs, the future gross profit margin will be limited. It is estimated that by 2022, the gross profit margin of China biscuit industry will reach 22.4%.