Indian Bakery Market to Reach US$ 21.2 Billion by 2028, Impelled by the Increasing Demand for Convenience Foods

April 20, 2022 | Food & Beverages

According to the latest report by IMARC Group, titled “Indian Bakery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the Indian bakery market reached a value of US$ 11.3 Billion in 2022. A bakery refers to an establishment that prepares and sells baked products. These products include pastries, cupcakes, cakes, biscuits, tarts, sweet rolls, doughnuts, flat-bread, buns, coffee cakes, pies, cookies, and croissants. Some of the baked products, such as bread, buns, and oat cookies, offers various essential nutrients and are rich in calcium, fiber, iron, energy, fat, protein, vitamins, and minerals that are vital for health. Bakery products are commonly prepared using various grains and ingredients, such as wheat, oats, water, eggs, nuts, maize, baking powder and other additives. As a result, bakery products offer versatility, better alternatives, healthier breakfast options, fresher taste and texture, and enhanced convenience and affordability.


Indian Bakery Market Trends:

The increasing demand for fast-moving consumer goods (FMCG), such as biscuits and cookies, across the country, is one of the key factors driving the growth of the market. Biscuits and cookies are widely consumed daily due to their innovative designs, flavors, nutritional value, and affordable prices. Additionally, the rising consumption of cakes in celebrations and special occasions, such as birthdays, is favoring the market growth. Apart from this, various product innovations, such as the introduction of low trans-fat, healthy, multi-grains and whole wheat bakery products due to the rising health consciousness among consumers, are providing an impetus to the market growth. Moreover, the widespread adoption of burgers, sandwiches, soups, breads, croissants, cookies and snacks due to the significant growth in fast-food chains is positively impacting the market growth. Other factors, including the rising demand for ready-to-eat (RTE) products due to hectic lifestyles and busy schedules, evolving lifestyles and eating habits, and the increasing western influence on the food culture, are antiquated to drive the market toward growth. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 21.2 Billion by 2028, growing at a CAGR of 10.8% during the forecast period (2023-2028).  


Market Summary:

  • On the basis of the product type, the market has been divided into biscuit (cookies, cream biscuits, glucose biscuits, marie biscuits, non-salt crackers biscuits, salt crackers biscuits, milk biscuits and others), bread (sandwich breads, hamburgers, croissants and others), cakes and pastries (packed cupcakes, pastries, muffins, layer cakes, donuts, swiss roll and others) and rusk. Currently, biscuits dominate the Indian bakery market, holding the largest share.
  • Based on the distribution channel, the market has been classified into convenience stores, supermarkets and hypermarkets, independent retailers, artisanal bakeries, online and others. Amongst these, convenience stores represent the largest segment.
  • Based on region, the market has been categorized into North India, West and Central India, South India, and East India.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include Britannia Industries Limited, ITC Limited, Parle Products Private Limited and Surya Food and Agro Limited.

 

Report Scope:
 

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Product Type, Distribution Channel, Region
Region Covered North India, West and Central India, South India, East India
Companies Covered Britannia Industries Limited, ITC Limited, Parle Products Private Limited and Surya Food and Agro Limited
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group

USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter : @imarcglobal

Indian Bakery Market to Reach US$ 21.2 Billion by 2028, Impelled by the Increasing Demand for Convenience Foods
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More