According to the latest report by IMARC Group, titled “India Bakery Market 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. Bakery products are generally prepared by using various ingredients, such as grain-based flour, water, and leavening agents. They commonly include cookies, biscuits, cakes, pastries, flat bread, tortillas, bun, and croissants. Nowadays, these products are gaining widespread popularity among the masses as they are readily available and easy to consume.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Indian Bakery Market Trends:
The market in India is majorly driven by significant growth in the food processing sector. This, coupled with the increasing influence of western food trends, is providing a boost to the demand for bakery products in India. Furthermore, the growing number of fast-food chains across the country has also stimulated market growth. Moreover, the easy availability of diversified products, such as multi-grain bread, fiber biscuits, designer cakes and eggless cakes, is providing an impetus to the market growth. Other factors, including rapid urbanization, inflating disposable income levels of the masses and continual improvements in production processes, are further contributing to the market growth.
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Indian Bakery Market 2022-2027 Analysis and Segmentation:
Competitive Landscape with Key players:
- Britannia Industries Limited
- ITC Limited
- Parle Products Private Limited
Breakup by Product Type:
- Breads
- Cakes And Pastries
- Rusks
- Biscuits
Breakup by Distribution Channel:
- Supermarkets And Hypermarkets
- Independent Retailers
- Artisanal Bakeries
Breakup by Region:
- North India
- West and Central India
- South India
- 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
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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