According to the upcoming market report by BlueWeave Consulting, the India Bakery Products Market estimated to grow with a growth rate over 12% during the forecast period. The Southern region is the largest contributor in terms of revenue to the India bakery market in 2018.
Changing Consumer Taste and Rise in Innovation of bakery product offerings driving the India BakeryProduct Market in India.
Bakery Industry is one of the largest segments of the food processing industry in India. The major categories are Biscuits, Cakes and Pastries, Bread, Rolls and Rusks out of which bread and biscuits cover about 82% of the Indian bakery market. The availability of innovative bakery products containing multi-grains and whole wheat with low trans-fat and calorie content has further facilitated their consumption. India is the second largest producer of biscuits (cookies) in world after the USA. Bakery industry is one of the oldest businesses in India, which is modernizing and is constantly changing in terms of product range and services due to the high nutrient value and affordability products.
The bakeries products are fast catching up with the popularity trend as consumer taste and lifestyle of Indians are rapidly changing. The increasing penetration of international bakery café chains in India like Café Coffee Day, Monginis, and Barista etc has led the proliferation of bakery products in the country. A shift has also been witnessed towards the consumption of bakery items due to the rising influence of western culture. Additionally, the rising health-consciousness of the consumers has encouraged the manufacturers to focus on developing healthier products including brown, multi-grain, and whole wheat bread. Apart from this, the trend of home-bakers and Indigenisation is also helping the market to grow the demand for bakery product market over the forecast span.
India Bakery Product Market: Scope of the Report
On the basis of the Product, the bakery market is categories as Biscuits, Cakes, and Pastries, Bread and Rolls, Rusks and others. Biscuits product market accounted for the maximum market share in 2018 and it is projected to dominate the Indian market over the forecast period. On Sales channel basis market is segmented as Retail stores, Specialty store and On-line distributor. Finally, the report covers the analysis of these segments across North, West, East, and South along with the qualitative analysis for market estimates that boosts the growth of the India bakery market during the forecast period. The Southern region is the largest region in India Bakery market in 2018
India Bakery Product Market: Competitive Dynamics
Companies such asParleProducts Private Limited, Britannia Industries Limited, Surya Food and Agro Limited, ITC Limited, Monginis Foods Private Limited, Bonn Nutrients Private Limited, Elite Foods Private Limited, Anmol Industries Limited, Saj Food Products Private Limited, and Dream Bake Private Limitedare the key players in India bakery product industry. In term of volume, Parle dominates the biscuit market and Britannia Industries Limited dominates the bread market in India over the projected period.
Market Segmentation: India Bakery Product Market
By Product Type
- Cakes and Pastries
- Bread and Rolls
By Biscuits Type
- Cream Biscuits
- Milk Biscuits
- Glucose Biscuits
- Marie Biscuits
- Salt Cracker Biscuits
- Non-Salt Cracker Biscuits
By Distribution Channel
- Retail Stores
- Specialty Stores
- Online Distributor
In addition, the report provides analysis of the India Bakery product market with respect to the following geographic segments:
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