Indian Bakery Market:Analysis and Forecast 2018-2023

Posted by Sophia Jones on December 26th, 2018

Market Reports on India Provides the Trending Market Research Report on“Indian Bakery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”under Food & Beverage category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

Indian Bakery Market Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the Indian bakery market reached a value of more than US$ 6 Billion in 2017. The other ingredients used for baking include water, eggs, baking soda and powder, nuts, and additives. As bakery products provide both convenience and affordability to the consumers, their consumption level has witnessed a rise in the past few years.
Bakery products are food items which generally include biscuits, cakes, pastries, flat-bread, tortilla, chapati, bun, croissant, etc

India Bakery Market

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Apart from this, busy lifestyle, changing eating habits and western influence has reflected in a strong demand for bakery products in India. Looking forward, the market value is projected to exceed US$ 11 Billion by 2023, expanding at a CAGR of nearly 10% during 2018-2023.In addition to this, growth in the fast-food chains further stimulates the demand for breads as they are used in sandwiches, burgers, soups, snacks, etc. Moreover, introduction of value-added bakery products is giving an impetus to the market growth.

- Based on product type, the market has been segmented in breads and rolls, cakes and pastries, rusks and biscuits. Currently, biscuits dominate the Indian bakery market, holding the largest share.
- On the basis of distribution channel, convenience stores represent the largest segment, followed by supermarkets and hypermarkets, independent retailers and artisanal bakeries.
- The competitive landscape of the market has also been examined with some of the key players being Britannia, ITC and Parle.
- This report provides a deep insight into the Indian bakery market covering all its essential aspects.

Reasons to buy
- This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

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Sophia Jones

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Sophia Jones
Joined: August 22nd, 2017
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