Wednesday, October 7, 2009

Parle to enter Snacking food category aggressively

Parle products is all set to increase its market share in snacking food division with launch of new products like MusstChips and Stixx . Parle is a new entrant to snacking market which have players like Pepsico- Frito lays and ITC Bingo in the lead .

Parle is a leading company in biscuit category ( 40%) of market share and confectionery( 15%) with its wide distribution channel it has plans to capture 25 % of market share in snacking business within span of 3 years . Parle popular brands are Parle G , Monaco , Krack Jack , Mango bite etc

MusstChips and Stixx would be marketed on Health platform as these are baked and not fried .

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