Report Ocean conducted research on the global India Bakery Products market, some important discoveries were made. First, the market is expanding steadily, and over the coming years, demand is expected to rise. Second, there is a lot of market competition, yet only a few major businesses control the sector. Last but not least, there are numerous chances for market innovation and improvement, notably in terms of product offerings and marketing tactics.
The bakeries products are fast catching up with the popularity trend as consumer taste and lifestyle of Indians are rapidly changing. The increasing penetration of international bakery cafe chains in India like Cafe Coffee Day, Monginis, and Barista etc has led the proliferation of bakery products in the country.
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A shift has also been witnessed towards the consumption of bakery items due to the rising influence of western culture. Additionally, the rising health-consciousness of the consumers has encouraged the manufacturers to focus on developing healthier products including brown, multi-grain, and whole wheat bread. Apart from this, the trend of home-bakers and Indigenisation is also helping the market to grow the demand for bakery product market over the forecast span.
The India Bakery Products Market estimated to grow with a significant growth rate during the forecast period. The Southern region is the largest contributor in terms of revenue to the India bakery market in 2018.
Changing Consumer Taste and Rise in Innovation of bakery product offerings driving the India BakeryProduct Market in India.
Bakery Industry is one of the largest segment of the food processing industry in India. The major categories are Biscuits, Cakes and Pastries, Bread, Rolls and Rusks out of which bread and biscuits cover about 82% of the Indian bakery market. The availability of innovative bakery products containing multi-grains and whole wheat with low trans-fat and calorie content has further facilitated their consumption. India is the second largest producer of biscuits (cookies) in the world after the USA. Bakery industry is one of the oldest businesses in India, which is is constantly changing in terms of product range and services due to the high nutrient value and affordability products.
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The bakeries products are fast catching up with the popularity trend as consumer taste and lifestyle of Indians are rapidly changing. The increasing penetration of international bakery cafe chains in India like Cafe Coffee Day, Monginis, and Barista etc has led the proliferation of bakery products in the country. A shift has also been witnessed towards the consumption of bakery items due to the rising hectic working schedule along with the influence of western culture. Additionally, the rising health-consciousness of the consumers has encouraged the manufacturers to focus on developing healthier products including brown, multi-grain, and whole wheat bread. Apart from this, the trend of home-bakers and Indigenisation is also helping the market to grow the demand for bakery product market over the forecast span.
India Bakery Product Market: Scope of the Report
On the basis of the Product, the bakery market is categories as Biscuits, Cakes, and Pastries, Bread and Rolls, Rusks and others. Biscuits product market accounted for the maximum market share in 2018 and it is projected to dominate the Indian market over the forecast period. On Sales channel basis market is segmented as Retail stores, Specialty store and On-line distributor. Finally, the report covers the analysis of these segments across North, West, East, and South along with the qualitative analysis for market estimates that boosts the growth of the India bakery market during the forecast period. The Southern region is the largest region in India Bakery market in 2018
India Bakery Product Market: Competitive Dynamics
Companies such asParleProducts Private Limited, Britannia Industries Limited, Surya Food and Agro Limited, ITC Limited, Monginis Foods Private Limited, Bonn Nutrients Private Limited, Elite Foods Private Limited, Anmol Industries Limited, Saj Food Products Private Limited, and Dream Bake Private Limited are the key players in India bakery product industry. In term of volume, Parle dominates the biscuit market and Britannia Industries Limited dominates the bread market in India over the projected period.
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Market Segmentation: India Bakery Product Market
By Product Type
, Biscuits
, Cakes and Pastries
, Bread and Rolls
, Rusks
, Others
By Biscuits Type
, Cookies
, Cream Biscuits
, Milk Biscuits
, Glucose Biscuits
, Marie Biscuits
, Salt Cracker Biscuits
, Non-Salt Cracker Biscuits
, Others
By Distribution Channel
, Retail Stores
, Specialty Stores
, Online Distributor
In addition, the report provides analysis of the India Bakery product market with respect to the following geographic segments:
, North
, South
, East
, West
What are the key findings of the report?
?This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
?The report offers the current state of the market and future prospects for various geographical regions.
?This report provides both qualitative and quantitative information about the competitive landscape of the market.
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