India Bakery Product Market, 2019-2025
India Bakery Product Market, 2018-2025 (US$M)
Global Market
Related Markets
India bakery product market highlights
- The India bakery product market generated a revenue of USD 9,034.4 million in 2019 and is expected to reach USD 11,724.1 million by 2025.
- The India market is expected to grow at a CAGR of 4.4% from 2020 to 2025.
- In terms of segment, cakes & pastries was the largest revenue generating product in 2019.
- Cakes & Pastries is the most lucrative product segment registering the fastest growth during the forecast period.
Bakery product market data book summary
| Market revenue in 2019 | USD 9,034.4 million |
| Market revenue in 2025 | USD 11,724.1 million |
| Growth rate | 4.4% (CAGR from 2019 to 2025) |
| Largest segment | Cakes & pastries |
| Fastest growing segment | Cakes & Pastries |
| Historical data | 2018 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2025 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bread & Rolls, Cakes & Pastries, Cookies, Tortillas, Pretzels |
| Key market players worldwide | The Kraft Heinz Co, Nestle SA, Grupo Bimbo SAB de CV ADR, Britannia Industries, General Mills Inc, Associated British Foods PLC, Campbell Soup Co |
Other key industry trends
- In terms of revenue, India accounted for 4.4% of the global bakery product market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2025.
- In Asia Pacific, China bakery product market is projected to lead the regional market in terms of revenue in 2025.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 11,724.1 million by 2025.
As per the United Nations, India’s population is expected to surpass the population of China by 2024, and the disposable income of the middle-class group in India is expected to triple over the years. Increase in purchasing power of the population staying in metros and their preference for ready-to-eat food are driving the demand for baked products in India.
Also, it is supported by the fact that the market is witnessing a social change in the lifestyle of the people. The consumers in urban areas prefer to try new items such as frozen desserts, cream rolls, pastries, and cakes, which in turn is augmenting the demand for bakery products market.
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Bakery Product Market
Bakery Product Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Nestle SA | View profile | 270,000 | Avenue Nestle 55, Vevey, Switzerland, CH-1800 | www.nestle.com |
| Associated British Foods PLC | View profile | 133,000 | 10 Grosvenor Street, Weston Centre, London, United Kingdom, W1K 4QY | www.abf.co.uk |
| Campbell Soup Co | View profile | 14,500 | 1 Campbell Place, Camden, NJ, United States, 08103-1799 | www.campbellsoupcompany.com |
| General Mills Inc | View profile | 34,000 | Number One General Mills Boulevard, Minneapolis, MN, United States, 55426 | www.generalmills.com |
| The Kraft Heinz Co | View profile | 36,000 | One PPG Place, Pittsburgh, PA, United States, 15222 | www.kraftheinzcompany.com |
| Grupo Bimbo SAB de CV ADR | View profile | 148,868 | Prolongacion Paseo, De la Reforma No 1000, Col. Pena Blanca Santa Fe, Mexico, MEX, Mexico, 01210 | www.grupobimbo.com |
| Britannia Industries | View profile | 1001-5000 | Kolkata, West Bengal, India, Asia | britannia.co.in/ |
India Bakery Product Market
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Bakery Product Market will help companies and investors design strategic landscapes.
Cakes & Pastries was the largest segment with a revenue share of 28.2% in 2019.
Horizon Databook has segmented the India bakery product market based on bread & rolls, cakes & pastries, cookies, tortillas, pretzels covering the revenue growth of each sub-segment from 2018 to 2025.
As per the United Nations, India’s population is expected to surpass the population of China by 2024, and the disposable income of the middle-class group in India is expected to triple over the years. Increase in purchasing power of the population staying in metros and their preference for ready-to-eat food are driving the demand for baked products in India.
Also, it is supported by the fact that the market is witnessing a social change in the lifestyle of the people. The consumers in urban areas prefer to try new items such as frozen desserts, cream rolls, pastries, and cakes, which in turn is augmenting the demand for bakery products market.
- India Bakery Product Market Product Outlook (Revenue, USD Million , 2018-2025)
- Bread & Rolls
- Cakes & Pastries
- Cookies
- Tortillas
- Pretzels
- Others
- India Bakery Product Market Distribution Channel Outlook (Revenue, USD Million , 2018-2025)
- Hypermarket & Supermarket
- Convenience Store
- Specialty Stores
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the India Bakery Product Market, including forecasts for subscribers. This country databook contains high-level insights into India Bakery Product Market from 2018 to 2025, including revenue numbers, major trends, and company profiles.
India Bakery Product Market, 2018-2025 (US$M)
India bakery product market statistics, by product, 2018-2025 (US$M)
