US$ 21.2 Billion Indian Bakery Market Research Report 2023-2028 | Growth Rate (CAGR) of 10.8%

According to the latest by IMARC Group, titled "Indian Bakery Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028", the Indian bakery market size reached US$ 11.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 21.2 Billion by 2028, exhibiting a growth rate (CAGR) of 10.8% during 2023-2028. A bakery is a retail establishment specializing in producing and selling bakery goods, such as pieces of bread, cakes, pastries, cookies, and other similar items. Bakery goods are typically prepared from flour, sugar, water, and other ingredients and are either baked in an oven or steamed in a steamer that can be customized as per the customer's requirements. Bakeries are often located near grocery stores and other retail outlets, so customers can conveniently purchase bakery items. The most common type of bakery is a traditional brick-and-mortar business, but many bakeries are now operating out of catering companies or websites. Some bakeries also offer specialty items, such as gluten-free and vegan products.

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Market Demand:

The increasing consumption of bakery items among the masses is a major factor driving the market in India. This can be attributed to the inflating disposable incomes and changing dietary habits of the masses. Due to the rising demand for cakes during birthdays and other occasions, there has been a significant increase in the overall bakery market. The rising number of quick-service restaurants (QSRs) and fast-food chains, as well as the burgeoning food and beverage (F&B) industry, are also playing a significant role in the market expansion of bakeries. Moreover, the abundant availability of the essential raw materials required for producing bakery products, including emulsifiers, milk, stabilizers, sugar, flavors, fat, and flour, across the region is impacting the market favorably.

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Market Growth:

Along with this, consumers are drawn to ready-to-eat (RTE) food and bakery products due to their busy lifestyles is another major driving factor. Additionally, numerous key players are introducing gluten-free, high fiber content, whole wheat, low trans-fat and multi-grain bakery products on account of the rising health consciousness among individuals, which is acting as another growth-inducing factor. With the advent of doorstep delivery models and the growing popularity of social media, they are creating a positive outlook. In line with this, the rapid expansion of departmental stores, supermarkets, convenience stores, and hypermarkets across well-organized distribution channels is further driving the growth of the market.

Competitive Landscape with Key players:

The competitive landscape of the market has also been examined with some of the key players being:

• Britannia Industries Limited
• ITC Limited
• Parle Products Private Limited
• Surya Food and Agro Limited.

Breakup by Product Type:

• Biscuit

o Cookies
o Cream Biscuits
o Glucose Biscuits
o Marie Biscuits
o Non Salt Crackers Biscuits
o Salt Crackers Biscuits
o Milk Biscuits
o Others

• Bread

o Sandwich Breads
o Hamburgers
o Croissants
o Others

• Cakes and Pastries

o Packed Cupcakes
o Pastries
o Muffins
o Layer Cakes
o Donuts
o Swiss Roll
o Others

• Rusk

Breakup by Distribution Channel:

• Convenience Stores
• Supermarkets and Hypermarkets
• Independent Retailers
• Artisanal Bakeries
• Online
• Others

Breakup by Region:

• North India
• West and Central India
• South India
• East India

Key highlights of the Report:

• Market Performance
• Market Outlook
• 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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