Indian Bakery Market Size, Leading Companies Share, Growth (CAGR of 10.8%), Regional Analysis, Forecast Report 2023-2028
IMARC
Group, a leading market research company, has recently releases report
titled, “Indian Bakery Market: Industry Trends, Share, Size, Growth,
Opportunity and Forecast 2023-2028,” The study provides a detailed analysis
of the industry, including the Indian Bakery Market share, size, trends, and
growth forecasts. The report also includes competitor and regional analysis and
highlights the latest advancements in the market.
Report
Highlights
How
big is the Indian Bakery Market?
|
Report
Attributes |
Details |
|
Market
Size in 2022 |
US$
11.3 Billion |
|
Market
Forecast in 2028 |
US$
21.2 Billion |
|
Growth
rate (2023 to 2028) |
CAGR
of 10.8% |
|
Base
Year of the Analysis |
2022 |
|
Forecast
Period |
2023-2028 |
What
is Bakery Market?
A
bakery refers to a specialized establishment that primarily focuses on the
production and sale of baked goods. It is a location where the art of baking is
practiced and where talented bakers create a broad range of sweets out of
everyday components, including flour, sugar, eggs, butter, and yeast. Custom
cakes and other baked items are also available from several bakeries that are
either sold through retail stores or home deliveries. Customers may readily buy
bread goods since bakeries are frequently situated close to supermarkets and
other retail establishments. Although conventional brick-and-mortar bakeries
are still the most prevalent, many bakeries are also located inside catering
businesses or on the Internet. Additionally, some bakeries sell specialty
goods, such as gluten-free and vegan goods.
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for a free sample copy of this report: https://www.imarcgroup.com/indian-bakery-market/requestsample
What
are the growth prospects and trends in
the Indian Bakery industry?
The
escalating consumption of bakery items among the masses majorly drives the
Indian bakery market growth. This can be supported by inflating disposable
incomes and changing dietary habits of the masses. Along with this, the rising
popularity of cakes for birthdays and special occasions is significantly
supporting the market. In addition, the emerging food and beverage (F&B)
industry, along with the expansion of quick service restaurants (QSRs) and
fast-food chains, is driving the usage of bread in sandwiches, soups, burgers,
and snacks, further impacting the demand. Apart from this, the increasing
health consciousness among individuals is encouraging manufacturers to
introduce healthier bakery products, such as low trans-fat, multi-grain, and
whole wheat options is contributing to the market. Furthermore, the advent of
e-commerce services, offering doorstep delivery, exciting offers, and online
payment methods, is creating a positive market outlook for the Indian bakery
market outlook.
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An Analyst: https://www.imarcgroup.com/request?type=report&id=909&flag=C
What
is included in market segmentation?
The
report has segmented the market into the following categories:
Breakup
by Product Type:
- Biscuit
- Cookies
- Cream Biscuits
- Glucose Biscuits
- Marie Biscuits
- Non-Salt Crackers
Biscuits
- Salt Crackers Biscuits
- Milk Biscuits
- Others
- Bread
- Sandwich Breads
- Hamburgers
- Croissants
- Others
- Cakes and Pastries
- Packed Cupcakes
- Pastries
- Muffins
- Layer Cakes
- Donuts
- Swiss Roll
- Others
- Rusk
Breakup
by Distribution Channel:
- Convenience Stores
- Supermarkets and
Hypermarkets
- Independent Retailers
- Artisanal Bakeries
- Online
- Others
Breakup
by Region:
- North India
- West and Central India
- South India
- East India
Who
are the key players operating in the industry?
The
report covers the major market players including:
- Britannia Industries
Limited
- ITC Limited
- Parle Products Private
Limited
- Surya Food
- Agro Limited
Also Read
Full Blog, Largest Bakery Companies in
India
If
you require any specific information that is not covered currently within the
scope of the report, we will provide the same as a part of the customization.
About
Us
IMARC
Group is a leading market research company that offers management strategy and
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Group’s information products include major market, scientific, economic and
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and high technology organizations. Market forecasts and industry analysis for
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company’s expertise.
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