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 |
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.
India Bakery Ingredients Industry Segmentation
The ingredients used in baking and making bakery products are called bakery ingredients. They are intended to bring about taste, flavor, and freshness and increase the shelf life of baked commodities. The Indian bakery ingredients market is segmented on the basis of type and applications. By type, the market is segmented into baking enzymes, fats and shortenings, leavening agents, emulsifiers, enzymes, sweeteners, colors and flavors, preservatives, and other types. By application, the market is segmented into bread, cakes and pastries, rolls and pies, cookies and biscuits, and other applications. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
| Type | |
| Baking Enzymes | |
| Leavening Agents | |
| Fats and Shortenings | |
| Sweeteners | |
| Colors and flavors | |
| Preservatives | |
| Other Types |
| Application | |
| Breads | |
| Cakes and Pastries | |
| Rolls and Pies | |
| Cookies and Biscuits | |
| Other Applications |
India Bakery Ingredients Market Size Summary
The Indian bakery ingredients market is experiencing significant growth, driven by a shift in consumer preferences towards health-conscious and innovative bakery products. The incorporation of health-efficient ingredients, such as non-GMO and gluten-free options, is becoming increasingly popular as consumers seek healthier alternatives without compromising on taste. This trend is reflected in the rising demand for whole wheat, multi-grain, and additive-free ingredients, aligning with the broader movement towards natural nutrition and organic products. The market is also witnessing a diversification in bakery product consumption, with a growing interest in pancakes, cupcakes, and croissants, alongside traditional bread. This evolution is prompting manufacturers to introduce functional variants and clean-label products, catering to the health-conscious demographic.
The increasing disposable income, a burgeoning working population, and the influence of Western culture are contributing to the rising consumption of bakery products in India. Sweet bakery items, such as cakes and pastries, are particularly in demand, leading to a surge in the use of natural sweeteners like stevia and monk fruit. The market is characterized by intense competition, with major players like Cargill, Archer Daniels Midland, and Associated British Foods focusing on product innovation and expansion to capture market share. These companies are investing in developing new flavors and fortifications to meet consumer demands for healthier and more diverse bakery options. The competitive landscape is further enhanced by the introduction of health-oriented products and the strategic acquisition of companies to expand product offerings, ensuring a dynamic and rapidly evolving market environment.
India Bakery Ingredients Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Baking Enzymes
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2.1.2 Leavening Agents
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2.1.3 Fats and Shortenings
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2.1.4 Sweeteners
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2.1.5 Colors and flavors
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2.1.6 Preservatives
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2.1.7 Other Types
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2.2 Application
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2.2.1 Breads
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2.2.2 Cakes and Pastries
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2.2.3 Rolls and Pies
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2.2.4 Cookies and Biscuits
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2.2.5 Other Applications
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India Bakery Ingredients Market Size FAQs
What is the current India Bakery Ingredients Market size?
The India Bakery Ingredients Market is projected to register a CAGR of 9.11% during the forecast period (2024-2029)
Who are the key players in India Bakery Ingredients Market?
Cargill, Incorporated, Archer Daniels Midland, Associated British Foods PLC, Puratos NV and Koninklijke DSM NV are the major companies operating in the India Bakery Ingredients Market.
