A bakery is an establishment that involves the preparation and sale of baked food products, such as donuts, cakes, cakes, tortillas, biscuits, pastries, cookies, bread, morning goods, and refrigerated bakery items. Baked foods are generally prepared through a baking process that involves the use of dry heat ovens, hot stones, or hot ashes. A wide range of cereals, such as oats, rye, corn and wheat, are incorporated in the preparation of bakery products, which are why they contain essential nutrients and are rich in energy, fibre, iron, calcium, fats, minerals and vitamins. which are vital for healthy development. Due to the easy accessibility of a diversified range of baked goods, there has been a significant increase in the popularity of baked goods across India.
the Bakery market industry in India reached a value of US$10.2 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$19.3 billion by 2027, exhibiting a CAGR of 10.94% during 2022-2027.
Competitive landscape with key players:
- britain industries limited
- ICT limited
- Parle Products Private Limited
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The increasing consumption of bakery products among the masses mainly drives the market in India. This can be supported by changing dietary patterns and changing consumer preferences towards convenience foods due to their hectic lifestyles. Furthermore, the increasing consumption of cakes on birthdays and other special occasions is also driving the market. Along with this, the increasing number of quick service restaurants (QSRs) and fast food chains, due to significant growth in the food and beverage (F&B) industry, are acting as other growth inducing factors. In addition, the abundant availability of basic raw materials through organized online and offline distributed channels that are required to prepare bakery products, including emulsifiers, milk, stabilizer, sugar, flavors, fat, and flour, is contributing to their demand. in all the country.
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The market in India is also driven by the growing preference for gluten-free and high-fiber bakery products, which is encouraging their consumption among the health-conscious population, thus catalyzing the market. In addition to this, numerous leading manufacturers are introducing whole wheat, low trans fat, multigrain and healthy bakery products to meet the demand of health conscious consumers who are impacting the market favorably. Apart from this, the advent of home delivery models and continuous improvements in supply chain channels are creating a positive market outlook. Some other factors driving the market further include the introduction of advanced baking tools and kitchen appliances and the widespread adoption of innovative packaging solutions.
Breakdown by product type:
- Cakes And Pastries
Breakdown by Distribution Channel:
- Supermarkets And Hypermarkets
- independent retailers
- Artisanal Bakeries
Breakdown by region:
- north india
- West and Central India
- south indian
- east india
Highlights of the Report:
- Market performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Comprehensive mapping of the competitive landscape
Note: If you require specific information that is currently not within the scope of the report, we can provide it to you as part of the customization.
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