Market Size of India Bakery Ingredients Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.11 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Bakery Ingredients Market Analysis
The Indian bakery ingredients market is projected to register a CAGR of 9.11% over the next five years.
The scope of incorporation of health-efficient ingredients in bakery products is leading to new product launches and market expansion activities. Many manufacturers are introducing clean-label ingredients, such as non-GMO and non-gluten products, to allure customers who are looking for healthy alternatives, along with the taste of baked goods. In India, bakery products, due to their significant nutrient value and affordability, are highly consumed. The trend pertaining to baked goods in India has shifted from traditional bread consumption to the increasing consumption of other bakery goods, such as pancakes, cupcakes, croissants, and rolls.
Additionally, the industry is witnessing dramatic changes in the choices of bread, thus, pushing bakers to use innovative ingredients and introduce functional variants, such as brown and multi-grain bread. The demand for whole wheat, light (low calorie), natural, and additive-free ingredients has also expanded dramatically as a result of the emerging trends of "natural nutrition," "healthy living," and "organic products." Growing sales of whole wheat, wholemeal, and gluten-free bakery ingredients in recent years are a key sign of this new market trend toward wellness. During the projection period, the growing accessibility of these specialty bakery goods would further support market expansion.
