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Indian Bakery Market Share, Analysis, Growth, Forecast: By Type: Biscuit, Bread, Cakes and Pastries, Rusk, Others; By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Independent Retailers, Artisanal Bakeries, Online; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Indian Bakery Market Outlook
The Indian bakery market stood at a value of approximately USD 11.07 billion in 2023. The market is further estimated to grow at a CAGR of 9.5% between 2024 and 2032 to reach a value of USD 25.16 billion by 2032. The Indian bakery market is being supported by the thriving biscuits and cookies sector in the region.
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The biscuits and cookies industry in India accounts for nearly 72% of the sales in the Indian bakery market. In comparison to other baked FMCG products, the penetration of cookies and biscuits is quite high in both the urban and rural areas owing to their affordable price and cholesterol-free nature. Currently, India is the world's largest biscuit consuming nation. The region enjoys a comparative advantage in manufacturing, with an abundant supply of primary ingredients, which supports the growth of the industry in the region.
East and North India are the regions with the highest consumption rate of biscuits and cookies in the country. Maharashtra and West Bengal, being the most industrially developed states, hold the highest rate of biscuit consumption. The top four players in the biscuits and cookies market are Parle Products Pvt. Ltd, Britannia Industries Ltd., ITC Limited, and Surya Food & Agro Ltd., where Britannia and Parle together account for a significant market share.
Market Segmentation
Baking refers to the process of cooking food by using dry heat in an oven, hot ashes or on hot stones. Baked goods or bakery products include items such as, bread, cookies, biscuits, rolls, cakes, cupcakes, pies, tarts, sweet rolls, coffeecakes, doughnuts, and refrigerated bakery products. Baked goods, such as bread, provide many nutrients that are vital for the health. Bread and biscuits are some of the popular products among other baked goods.
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On the basis of type, the Indian bakery market is divided into:
- Biscuit
- Cookies
- Cream Biscuits
- Glucose Biscuits
- Marie Biscuits
- Non-Salt Cracker Biscuits
- Salt Cracker Biscuits
- Milk Biscuits
- Others
- Bread
- Sandwich Breads
- Burger Breads
- Croissants
- Others
- Cakes and Pastries
- Packed Cupcakes
- Pastries
- Muffins
- Layer Cakes
- Donuts
- Swiss roll
- Others
- Rusk
- Others
On the basis of distribution channel, the market is categorised into:
- Convenience Stores
- Supermarkets and Hypermarkets
- Independent Retailers
- Artisanal Bakeries
- Online
- Others
On the basis of region, the market is segmented into:
- North India
- East and Central India
- South India
- West India
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Market Analysis
The Indian bakery market is being driven by the growing demand for biscuits and cookies, rapid advancement in technology, and increasing population in the region. In the food processing industry, bakery, which is also a traditional activity holds an important place. Bakery products have become preferred consumer choice due to their high nutrient value and affordability and are an item of huge consumption in the region. With the fluctuating eating habits of people due to their busy lifestyle, coupled with the rising demand for western taste, bakery products have gained huge popularity. The emergence of a female working population is further contributing significantly to the growth trajectory of the Indian bakery market.
With the increasing consumer demand for new and healthy food options, the industry is further experiencing fortification of bakery products to satiate the appetite of the health-conscious people. The launch of healthy products in the bakery segment is increasing and is gaining popularity at a high rate. The growing penetration of bakery chains is further triggering the growth of the industry in the region.
Bakery products like bread and biscuits are quite popular among millennials due to their convenient and affordable nature. Further, the growing use of online platforms in the region is enhancing the 'click and collect' trend, with millennials ordering baked goods online. This still is an untapped market in the region and is expected to create huge revolution in the future, thus, aiding the Indian bakery market further.
Competitive Landscape
The report gives a detailed analysis of the following key players in the Indian bakery market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Britannia Industries Ltd.
- Parle Products Pvt. Ltd.
- Surya Food & Agro Ltd.
- ITC Limited
- Anmol Industries Ltd.
- Jubilant FoodWorks Limited
- Ravi Foods Pvt. Ltd.
- Mondelez International, Inc
- Mrs Bectors Food Specialities Ltd.
- Patanjali Ayurved Limited,
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Trade Data Analysis |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Bakery Market Overview
8.1 Key Industry Highlights
8.2 Global Bakery Historical Market (2018-2023)
8.3 Global Bakery Market Forecast (2024-2032)
8.4 Global Bakery Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Indian Bakery Market Overview
9.1 Key Industry Highlights
9.2 Indian Bakery Historical Market (2018-2023)
9.3 Indian Bakery Market Forecast (2024-2032)
10 Indian Bakery Market by Type
10.1 Biscuit
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.1.4 Market by Type
10.1.4.1 Cookies
10.1.4.1.1 Market Share
10.1.4.1.2 Historical Trend (2018-2023)
10.1.4.1.3 Forecast Trend (2024-2032)
10.1.4.2 Cream Biscuits
10.1.4.2.1 Market Share
10.1.4.2.2 Historical Trend (2018-2023)
10.1.4.2.3 Forecast Trend (2024-2032)
10.1.4.3 Glucose Biscuits
10.1.4.3.1 Market Share
10.1.4.3.2 Historical Trend (2018-2023)
10.1.4.3.3 Forecast Trend (2024-2032)
10.1.4.4 Marie Biscuits
10.1.4.4.1 Market Share
10.1.4.4.2 Historical Trend (2018-2023)
10.1.4.4.3 Forecast Trend (2024-2032)
10.1.4.5 Non-Salt Cracker Biscuits
10.1.4.5.1 Market Share
10.1.4.5.2 Historical Trend (2018-2023)
10.1.4.5.3 Forecast Trend (2024-2032)
10.1.4.6 Salt Cracker Biscuits
10.1.4.6.1 Market Share
10.1.4.6.2 Historical Trend (2018-2023)
10.1.4.6.3 Forecast Trend (2024-2032)
10.1.4.7 Milk Biscuits
10.1.4.7.1 Market Share
10.1.4.7.2 Historical Trend (2018-2023)
10.1.4.7.3 Forecast Trend (2024-2032)
10.1.4.8 Others
10.2 Bread
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.2.4 Market by Type
10.2.4.1 Sandwich Breads
10.2.4.1.1 Market Share
10.2.4.1.2 Historical Trend (2018-2023)
10.2.4.1.3 Forecast Trend (2024-2032)
10.2.4.2 Burger Breads
10.2.4.2.1 Market Share
10.2.4.2.2 Historical Trend (2018-2023)
10.2.4.2.3 Forecast Trend (2024-2032)
10.2.4.3 Croissants
10.2.4.3.1 Market Share
10.2.4.3.2 Historical Trend (2018-2023)
10.2.4.3.3 Forecast Trend (2024-2032)
10.2.4.4 Others
10.3 Cakes and Pastries
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.3.4 Market by Type
10.3.4.1 Packed Cupcakes
10.3.4.1.1 Market Share
10.3.4.1.2 Historical Trend (2018-2023)
10.3.4.1.3 Forecast Trend (2024-2032)
10.3.4.2 Pastries
10.3.4.2.1 Market Share
10.3.4.2.2 Historical Trend (2018-2023)
10.3.4.2.3 Forecast Trend (2024-2032)
10.3.4.3 Muffins
10.3.4.3.1 Market Share
10.3.4.3.2 Historical Trend (2018-2023)
10.3.4.3.3 Forecast Trend (2024-2032)
10.3.4.4 Layer Cakes
10.3.4.4.1 Market Share
10.3.4.4.2 Historical Trend (2018-2023)
10.3.4.4.3 Forecast Trend (2024-2032)
10.3.4.5 Donuts
10.3.4.5.1 Market Share
10.3.4.5.2 Historical Trend (2018-2023)
10.3.4.5.3 Forecast Trend (2024-2032)
10.3.4.6 Swiss roll
10.3.4.6.1 Market Share
10.3.4.6.2 Historical Trend (2018-2023)
10.3.4.6.3 Forecast Trend (2024-2032)
10.3.4.7 Others
10.4 Rusk
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Indian Bakery Market by Distribution Channel
11.1 Supermarkets and Hypermarkets
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Convenience Stores
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 Independent Retailers
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 Artisanal Bakeries
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Online
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
12 Indian Bakery Market by Region
12.1 North India
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 East and Central India
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 West India
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 South India
12.4.1 Market Share
12.4.2 Historical Trend (2018-2023)
12.4.3 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Value Chain Analysis
15 Trade Data Analysis (HS Code - 0902)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Price Analysis
17 Manufacturing Process
17.1 Detailed Process Flow
17.2 Operations Involved
17.3 Mass Balance
18 Project Details, Requirements and Costs Involved
18.1 Land Requirements and Expenditures
18.2 Construction Requirements and Expenditures
18.3 Plant Machinery
18.4 Raw Material Requirements and Expenditures
18.5 Packaging Requirements and Expenditures
18.6 Transportation Requirements and Expenditures
18.7 Utility Requirements and Expenditures
18.8 Manpower Requirements and Expenditures
18.9 Other Capital Investments
19 Loans and Financial Assistance
20 Project Economics
20.1 Capital Cost of the Project
20.2 Techno-Economic Parameters
20.3 Product Pricing and Margins Across Various Levels of the Supply Chain
20.4 Taxation and Depreciation
20.5 Income Projections
20.6 Expenditure Projections
20.7 Financial Analysis
20.8 Profit Analysis
21 Competitive Landscape
21.1 Market Structure
21.2 Company Profiles
21.2.1 Britannia Industries Ltd.
21.2.1.1 Company Overview
21.2.1.2 Product Portfolio
21.2.1.3 Demographic Reach and Achievements
21.2.1.4 Certifications
21.2.2 Parle Products Pvt. Ltd.
21.2.2.1 Company Overview
21.2.2.2 Product Portfolio
21.2.2.3 Demographic Reach and Achievements
21.2.2.4 Certifications
21.2.3 Surya Food & Agro Ltd.
21.2.3.1 Company Overview
21.2.3.2 Product Portfolio
21.2.3.3 Demographic Reach and Achievements
21.2.3.4 Certifications
21.2.4 ITC Limited
21.2.4.1 Company Overview
21.2.4.2 Product Portfolio
21.2.4.3 Demographic Reach and Achievements
21.2.4.4 Certifications
21.2.5 Anmol Industries Ltd.
21.2.5.1 Company Overview
21.2.5.2 Product Portfolio
21.2.5.3 Demographic Reach and Achievements
21.2.5.4 Certifications
21.2.6 Jubilant FoodWorks Limited
21.2.6.1 Company Overview
21.2.6.2 Product Portfolio
21.2.6.3 Demographic Reach and Achievements
21.2.6.4 Certifications
21.2.7 Ravi Foods Pvt. Ltd.
21.2.7.1 Company Overview
21.2.7.2 Product Portfolio
21.2.7.3 Demographic Reach and Achievements
21.2.7.4 Certifications
21.2.8 Mondelez International, Inc
21.2.8.1 Company Overview
21.2.8.2 Product Portfolio
21.2.8.3 Demographic Reach and Achievements
21.2.8.4 Certifications
21.2.9 Mrs Bectors Food Specialities Ltd.
21.2.9.1 Company Overview
21.2.9.2 Product Portfolio
21.2.9.3 Demographic Reach and Achievements
21.2.9.4 Certifications
21.2.10 Patanjali Ayurved Limited,
21.2.10.1 Company Overview
21.2.10.2 Product Portfolio
21.2.10.3 Demographic Reach and Achievements
21.2.10.4 Certifications
21.2.11 Others
22 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Bakery Market: Key Industry Highlights, 2018 and 2032
2. Indian Bakery Market: Key Industry Highlights, 2018 and 2032
3. Indian Bakery Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Indian Bakery Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Indian Bakery Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
6. Indian Bakery Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
7. Indian Bakery Historical Market: Breakup by Region (USD Billion), 2018-2023
8. Indian Bakery Market Forecast: Breakup by Region (USD Billion), 2024-2032
9. Major Importing Countries by Volume
10. Major Exporting Countries by Volume
11. Major Importing Countries by Value
12. Major Exporting Countries by Value
13. Indian Bakery Market Structure
Key Questions Answered in the Report
The Indian bakery market reached a value of USD 11.07 billion in 2023.
The market is projected to grow at a CAGR of nearly 9.5% in the forecast period of 2024-2032.
The market is estimated to reach a value of about USD 25.16 billion by 2032.
The major drivers of the market include rising disposable incomes, increasing population, rising demand for biscuits and cookies, the growing use of online platforms, thriving consumer demand for new and healthy food options, and the rapid advancement in technology.
The rising penetration of bakery chains and the launch of healthy products in the bakery segment is likely to be a key trend guiding the growth of the market.
North India, East and Central India, South India, and West India are the leading regions in the market.
Biscuit segment is the dominant type of the product in the market.
The leading distribution channels include convenience stores, supermarkets and hypermarkets, independent retailers, artisanal bakeries, and online, among others.
The leading players in the market are Britannia Industries Ltd., Parle Products Pvt. Ltd., Surya Food & Agro Ltd., ITC Limited, Anmol Industries Ltd., Jubilant FoodWorks Limited, Ravi Foods Pvt. Ltd., Mondelez International, Inc, Mrs Bectors Food Specialities Ltd., and Patanjali Ayurved Limited, among others.
Analyst Review
The Indian bakery market attained a value of USD 11.07 billion in 2023 driven by the increased consumption of biscuits and cookies. Aided by the increase in the female working population, as well as the introduction of healthy products in the bakery segment, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 9.5%. The market is projected to reach USD 25.16 billion by 2032.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its distribution channel, the Indian bakery market can be segmented into convenience stores, supermarkets and hypermarkets, independent retailers, artisanal bakeries, and online, among others. By types, the biscuits segment leads the industry. The major regional markets for bakery are North India, East and Central India, South India, and West India. The key players in the above industry include Britannia Industries Ltd., Parle Products Pvt. Ltd., Surya Food & Agro Ltd., ITC Limited, Anmol Industries Ltd., Jubilant FoodWorks Limited, Ravi Foods Pvt. Ltd., Mondelez International, Inc, Mrs Bectors Food Specialities Ltd., and Patanjali Ayurved Limited, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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