Industry Overview:
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, growth, and 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?
A bakery is a place where various baked goods are prepared and sold. It operates within the food industry, specializing in the preparation, production, and retail sale of various baked goods. It is run by skilled bakers and pastry chefs who work to create an array of bakery items. A baked item is generally prepared with kneaded dough and mixed ingredients. It showcases a delightful assortment of goods, such as crafted pastries, bread, cakes, and cookies. It serves as a commercial entity engaged in the creation and distribution of a wide range of bakery products to consumers. As a result, it is gaining traction due to the changing dietary patterns, shifting lifestyle preferences and rising demand for convenient food items.
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What are the growth prospects and trends in the Indian Bakery Industry?
The Indian market is majorly driven by the widespread consumption of baked goods among the masses. Moreover, the introduction of healthier alternatives of baked foods using whole grain bread, and gluten-free ingredients is expanding the customer base and catering to the needs of health-conscious individuals across the country, further impacting the bakery market size in India. Furthermore, the increasing influence of social media has significantly impacted the bakery industry as visual-driven platforms have compelled bakeries to create visually captivating and Instagram-worthy products. In line with this, the introduction of unique and aesthetically pleasing pastries and cakes is attracting attention, and bolstering customer engagement, and brand visibility in the competitive marketplace. This is creating a positive outlook for the Indian bakery market share.
What is included in market segmentation?
The report has segmented the market into the following categories:
Key Market Segmentation:
Breakup by Product Type:
Biscuit
Bread
Cakes and Pastries
Rusk
Breakup by Distribution Channel:
Breakup by Region:
Who are the key players operating in the industry?
Also, Read Full Blog of Indian Bakery Companies
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