Indian Bakery Market Overview:
According to the latest report by IMARC Group, titled “Indian Bakery Market Research Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the bakery market in India reached a value of US$ 10.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 19.3 Billion by 2027, exhibiting a CAGR of 10.94% during 2022-2027.
A bakery refers to an establishment that prepares and sells baked products. These products include pastries, cupcakes, cakes, biscuits, tarts, sweet rolls, doughnuts, flat-bread, buns, coffee cakes, pies, cookies, and croissants. Some of the baked products, such as bread, buns, and oat cookies, offers various essential nutrients and are rich in calcium, fiber, iron, energy, fat, protein, vitamins, and minerals that are vital for health.
Bakery products are commonly prepared using various grains and ingredients, such as wheat, oats, water, eggs, nuts, maize, baking powder and other additives. As a result, bakery products offer versatility, better alternatives, healthier breakfast options, fresher taste and texture, and enhanced convenience and affordability.
|Base Year of the Analysis||2021|
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic.
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Indian Bakery Market Trends:
The increasing demand for fast-moving consumer goods (FMCG), such as biscuits and cookies, across the country, is one of the key factors driving the growth of the market. Biscuits and cookies are widely consumed daily due to their innovative designs, flavors, nutritional value, and affordable prices.
Additionally, the rising consumption of cakes in celebrations and special occasions, such as birthdays, is favoring the market growth. Apart from this, various product innovations, such as the introduction of low trans-fat, healthy, multi-grains and whole wheat bakery products due to the rising health consciousness among consumers, are providing an impetus to the market growth.
Moreover, the widespread adoption of burgers, sandwiches, soups, breads, croissants, cookies and snacks due to the significant growth in fast-food chains is positively impacting the market growth. Other factors, including the rising demand for ready-to-eat (RTE) products due to hectic lifestyles and busy schedules, evolving lifestyles and eating habits, and the increasing western influence on the food culture, are antiquated to drive the market toward growth.
Indian Bakery Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market is concentrated in nature with the leading players being:
Bakery Market in India Competitive Landscape with Key players:
- Britannia Industries Limited
- ITC Limited
- Parle Products Private Limited
Britannia Industries Limited, Surya Food and Agro Limited, ITC Limited, and Parle Products Private Limited.
Our report has categorized the market based on product type and distribution channel.
Market Breakup by Product Type:
- Cream Biscuits
- Glucose Biscuits
- Marie Biscuits
- Non-Salt Crackers Biscuits
- Salt Crackers Biscuits
- Milk Biscuits
- Sandwich Bread
- Cakes and Pastries
- Packed Cupcakes
- Layer Cakes
- Swiss Roll
Market Breakup by Distribution Channel:
- Supermarkets And Hypermarkets
- Independent Retailers
- Artisanal Bakeries
On the basis of distribution channels, convenience stores represent the largest segment, followed by supermarkets and hypermarkets, independent retailers and artisanal bakeries, online, and others.
Market Breakup by Region:
- North India
- West and Central India
- South India
- East India
Region-wise, the market has been divided into North, West and Central, South, and East India.
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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