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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Indian Bakery Market Competitive Landscape
The players in bakery industry In India are focused on offering products in new flavours and variants, including multi grain, gluten-free, and vegan baked goods, to meet evolving customer demands.
Britannia Industries Ltd.
Britannia Industries Ltd., established in 1892 in Kolkata, India, is a leading food product company in India. Its key business segments include dairy, bakery, and adjacent snacks spanning more than 80 countries in the world.
Surya Food & Agro Ltd.
Surya Food & Agro Ltd., headquartered in Uttar Pradesh, India, is a company that manufactures and sells biscuits under the Priyagold brand. The company boasts strong manufacturing capabilities and extensively invests in developing products for customer preference.
Parle Products Pvt. Ltd.
Parle Products Pvt. Ltd., founded in 1929, is a leading manufacturer of biscuits and confectionery products in India. Its flagship product, Parle-G, is one of the most popular biscuits in India and is synonymous with nutrition, quality, and superior taste.
The key players are increasingly offering diverse products on e-commerce channels amid the rising customer demands for accessibility, competitive pricing, and convenience. Companies are also tapping into the direct-to-consumer segment and offering home delivery services to reach a wide range of customers, which is boosting the growth of bakery market. In July 2021, the Academy of Pastry & Culinary Arts (APCA), based in Delhi, launched the launch of Enchanté, its online bakery outlet, amid the growing demand for baked goods among customers.
Indian Bakery Market Report Snapshots
Indian Bakery Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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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.
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