Industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
- The bakery and cereals market consists of retail sales of baking ingredients, baking mixes, bread and rolls, breakfast cereals, cakes, pastries and sweet pies, cereal bars, cookies (sweet biscuits), dough products, energy bars, morning goods and savory biscuits. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 exchange rates.
- The Indian bakery and cereals market had total revenues of $7,186.9m in 2018, representing a compound annual growth rate (CAGR) of 10.9% between 2014 and 2018.
- Market consumption volume increased with a CAGR of 7.8% between 2014 and 2018, to reach a total of 5,721.4 million kilograms in 2018.
- Rapid urbanization, backed by India’s rising economy, created scope for bakery manufacturers to target a large volume of consumers.