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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Indian Bakery Market Share
Biscuits are witnessing a high demand in India, attributed to their popularity as delicious and affordable snacks
As per the Indian bakery market analysis, biscuits, available in different textures, flavours, and concepts, enjoy high popularity and demand in both urban and rural regions in India. The popularity of biscuits can be attributed to their consumption as a snack with excellent taste, affordable prices, and high shelf stability. The manufacturing of biscuits in the country is also substantially increasing due to the abundance of raw materials and the availability of cheap labour.
Moreover, with the growing health-consciousness, the demand for nutritious, multi-grain, and sugar-free or low-sugar biscuits that can support weight management and optimal cholesterol levels is substantially rising. Key players are also incorporating exotic fruits and nuts such as figs, prunes, hazelnuts, and pears, among others, in cookies and crackers to enhance their nutritional profile, thus increasing the bakery market share In India.
The demand for bread to grow at a robust pace in the coming years, enhancing the overall Indian bakery market value
As per several statistics, biscuits and breads represent about 80% of baked goods produced in India. The increasing variety of different types of breads in diverse distribution channels, changing customer preferences, and globalisation and rising Western influences are driving the growth of the bakery market. Besides, key players are launching healthy breads to capitalise on the growing health consciousness in the country. For instance, in April 2023, Britannia launched Millet Bread infused with the goodness of ragi, bajra, jowar, and oats, in India to provide customers with a convenient way to incorporate millet into their meals.
Meanwhile, the India cakes and pastries market is growing due to the rising baking culture in the country, the growing availability of packaged cakes, and the increasing consumption of cakes and pastries in social settings and celebrations like birthday parties.
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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