Indian Bakery Market Research Report 2022-2027, Industry Outlook, Growth Analysis and Forecast – Ripon College Days
According to the latest report of the IMARC group, entitled “Indian bakery market: 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 ahead, IMARC Group expects the market to reach US$19.3 billion from here 2027, exhibiting a CAGR of 10.94% over the period 2022-2027. Baked goods are widely consumed by people of all age groups in India, due to their taste and easily digestible nature. The availability of innovative baked goods containing low trans fat and low calorie multi-grain and whole wheat has further facilitated their consumption. Nowadays, the demand for bakery items is increasing in the country owing to the availability of diversified products that meet the changing needs and demands of the consumers, such as photo and designer cakes, multigrain breads, fiber biscuits , cakes without eggs, etc. .
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Indian Bakery Market Trends:
The increasing penetration of international chain bakery cafes in India, such as Café Coffee Day, Monginis, Barista, etc., has led to the proliferation of bakery products in the region. Furthermore, online retailing of baked goods has gained traction in recent years as it provides greater convenience to consumers. A shift has also been observed towards the consumption of baked goods due to the growing influence of Western culture. Additionally, growing consumer health awareness has encouraged manufacturers to focus on developing healthier products, including brown, multigrain, and whole-wheat bread. Apart from this, the trend of home bakers and Indianization is also helping the market grow, while environmental concerns are dominating the sales of organic bakery products with consumers focusing on the ingredients involved in the preparation of food. However, the main challenge facing the baking industry in India is seasonal fluctuations in prices and availability of raw materials. Moreover, the increasing competition in this sector is another obstacle faced by manufacturers.
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Analysis and segmentation of the Indian bakery market 2022-2027:
Competitive landscape with key players:
- Britannia Industries Limited
- ITC Limited
- Parle Products Private Limited
Breakdown by product type:
- Cakes and pastries
Breakdown by distribution channel:
- Supermarkets and hypermarkets
- Independent retailers
- Artisan Bakeries
Breakdown by region:
- North India
- West and Central India
- South India
- Eastern India
Main 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
- Complete mapping of the competitive landscape
Note: If you need specific information that is not currently covered by the report, we can provide it to you as part of the customization.
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