India Bread Market to Reach $ 1.4 Billion by 2026
Rising
awareness about healthy lifestyle & wellness, increasing urban consumer
base, growing disposable income, expanding population, and a shift in
consumption pattern towards branded breads are some of the major factors
driving bread
market in India
According
to a recently released TechSci Research report, “India Bread Market By
Product Type, By Distribution Channel, By Region, Competition, Forecast &
Opportunities, FY 2026”, bread market in India
is projected to grow to around $ 1.4 billion, exhibiting a CAGR of more than 10%
during FY 2021 - FY 2026, owing to rising awareness about healthy lifestyle
& wellness, increasing disposable income, busy lifestyles and changing
eating habits of the consumers. Also,
increasing government mandates such as stamping of date of manufacturing and
expiry of bread are also ensuring customer satisfaction while buying bread,
which is leading to increase in sales of bread across the country.
In terms of product
type, India bread market is segmented into White Bread, Brown Bread, Fruit
Bread and Others. The market share of the White Bread segment was the largest
in FY 2020. Though the dominance of the segment is expected to continue during
the forecast period, the consumption of brown bread in India is expected to grow
at a faster pace due to increasing awareness about better lifestyle and growing
number of consumers preferring brown bread on account of its low sugar content
and its perception of being a healthier alternative.
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TOC on "India Bread Market "
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The distribution channel of India bread market is
categorized into Convenience Stores, Supermarkets / Hypermarkets and Others.
Convenience Stores accounted for the majority share in India bread market in FY
2020, followed by Supermarket / Hypermarkets. However, during the forecast
period, the share of Convenience Stores is expected to decline on account of
increasing focus of companies to make their products available through
Supermarkets / Hypermarkets and online channels across the country. Urban areas remain the dominant consumption centers,
however, deeper penetration in rural areas is expected to drive volume growth of
white bread segment in India over the next five years.
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In terms of company, major
players operating in India bread market include Britannia Industries Ltd., Modern Food Industries, Bonn Nutrients Private Limited, Kitty Industries Pvt. Ltd., Harvest Gold Industries Pvt. Ltd.,
Perfect Bread Group of Companies, and others.
In FY 2020, Britannia Industries
Ltd. held the major market share in the country’s bread market, and the
company is expected to continue its dominance through FY 2026. “India bread market is expected to grow at a stead y pace due to the rising
awareness regarding a healthy lifestyle, rising urban consumer base and growing
popularity of various types of breads. The market is anticipated to
continue growing in the coming years on account of increasingly busy
lifestyles, expanding middle class population, and a growing number of leading
market players strengthening their presence across different distribution
channels and providing different bread variants.”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“India
Bread Market By Product Type, By Distribution Channel, By Region, Competition,
Forecast & Opportunities, FY 2026” has
evaluated the future growth potential of India Bread market and provides
statistics and information on market structure, consumer behaviour and trends.
The report is intended to provide cutting-edge market intelligence and help
decision makers take sound investment evaluation. Besides, the report also identifies
and analyses the emerging trends along with essential drivers, challenges, and
opportunities available in India Bread Market.
About TechSci
Research
TechSci
Research is a leading global market research firm publishing premium market
research reports. Serving 700 global clients with more than 600 premium market research
studies, TechSci Research is serving clients across 11 different industrial
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