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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Bakery Market Regional Analysis
South India accounts for a significant portion of the Indian bakery market share. States like Tamil Nadu and Kerala boast an organised bakery sector and companies in the region are actively launching new products. For instance, In August 2023, Kerala-based Craze Biscuits launched a chocolate sandwich biscuit, Bourbon, and chocolate cookie, Choco Rocky, in Kochi amid the rising demand for local and indigenous products.
Rising demand for convenience and the increasing preference for baked goods as snacks are also increasing the Indian bakery industry revenue. According to a survey, 31% of Bangalore’s population consume bakery products like biscuits and cakes every day.
Meanwhile, states like Maharashtra, Uttar Pradesh, Tamil Nadu, Uttarakhand, and West Bengal are some of the largest consumers of low-price high nutrition (LPHN) biscuits, as per the Biscuits Manufacturers Welfare Association (BMWA). This can be attributed to their affordability and excellent flavour profile, boosting their consumption among low-income families.
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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