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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Indian Bakery Market Size
The Indian bakery market reached approximately USD 11.07 billion in 2023. The market is projected to grow at a CAGR of 9.5% between 2024 and 2032, reaching a value of around USD 25.16 billion by 2032.
Indian Bakery Market Outlook
- India is one of the largest biscuit manufacturers, and cookies and biscuits account for a major share of baked goods sales.
- The growing health concerns are boosting the demand for bakery products that are gluten-free, free from chemicals and additives, and sugar-free, thereby aiding the Indian bakery market.
- Factors like rapid urbanisation, evolving customer preferences, and rising disposable incomes are aiding the Indian market for baked goods.
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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