India Bread Market Size, Share, Growth & Forecast 2025
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Transcript of India Bread Market Size, Share, Growth & Forecast 2025
MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com
INDIA BREAD MARKET
FORECAST & OPPORTUNITIES
FY2016 – FY2026
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Scope of ReportProduct of Interest (POI): Bread
Review Period
FY2016 – FY2019
Base Year
FY2020
Estimated Year
FY2021
Forecast Period
FY2022 – FY2026
Year RangeBREAD MARKET
REGION PRODUCT TYPE
• White Bread
• Brown Bread
• Fruit Bread
• Other Specialty Bread
• North
• South
• East
• WEst
Bread is a staple food prepared from a dough of flour and water, usually by baking. Breadmay be leavened by naturally occurring microbes, chemicals, industrially produced yeast,or high-pressure aeration.
Market Segmentation
DISTRIBUTION CHANNEL
• Convenience Stores
• Supermarket/Hypermarket
• Others
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S. No. Contents Page No.
1. Bread: An Introduction & Product Classification
2. Research Methodology
3. Executive Summary
4. Voice of Customers
4.1. Brand Recall & Awareness
4.2. Brand Propensity
4.3. Purchase Frequency and Spending Preferences
4.4. Major Influencers in Purchase Decision
4.5. Preferred Point of Purchase
5. India Bread Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Product Type (White Bread, Brown Bread, Fruit Bread, Other Specialty Bread)
5.2.2. By Distribution Channel (Convenience Stores, Supermarket/Hypermarket and Others (includes Online, Independent Small Grocers, etc.))
5.2.3. By Region
5.2.4. By Company
5.3. Market Attractiveness Index
6. India White Bread Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Distribution Channel
6.3. Pricing Analysis
Table of Contents
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S. No. Contents Page No.
7. India Brown Bread Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Distribution Channel
7.3. Pricing Analysis
8. India Fruit Bread Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Distribution Channel
8.3. Pricing Analysis
9. Import & Export Analysis
10. Market Dynamics
10.1. Drivers/Opportunities
10.2. Challenges/Restraints
11. Impact of COVID-19 on India Bread Market
12. Market Trends & Developments
13. Policy & Regulatory Landscape
14. India Economic Profile
15. Competitive Landscape
15.1. Company Profiles (Top 10 Companies)
16. Strategic Recommendations
17. About Us & Disclaimer
Table of Contents
RESEARCH METHODOLOGY
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Research Methodology
✓ Identifying Key Opinion
Leaders
✓ Questionnaire Design
✓ In-depth Interviews
Data Collection
Developing list of respondents
Formulating Questionnaire
Market Profiling
Data Validation
Data Analysis
In-depth secondary research was conducted to
determine top players in the India bread market, overall market size and segmental market size.
In order to conduct industry experts’
interviews, TechSci formulated a detailed
discussion guide.
List of industry players and industry
specialists was developed.
TechSci conducted interviews with
industry experts and industry players for data collection and
verification.
Data obtained as a result of primary and secondary research was
validated through rigorous
triangulation.
The data was scrutinized using MS-Excel, statistical
tools and internal proprietary database to obtain qualitative and
quantitative insights about the India bread market.
Data
Collection
Data Filter
& AnalysisResearch &
Intelligence
Actionable
InsightsBusiness
Solution
Primary Research Desk Research Company Analysis
✓ Recent Developments
✓ Market Changing
Aspects/Dynamics
✓ Government Policies
✓ Conclusion
✓ Market Participants
✓ Key Strengths
✓ LinkedIn✓ TechSci Internal
Database
✓ Factiva✓ Hoovers
Paid Sources
✓ Company Websites✓ Company Annual
Reports✓ White Paper Study✓ Financial Reports✓ Investor
Presentations✓ Regulatory Body✓ Associations, etc.
Secondary Research
Primary Research
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Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of India bread market. The team has analyzed the outlook of
various segments of this market, while considering the major influencing factors such as changing lifestyle and awareness regarding the consumption
of a balanced and healthy diet to reduce health problems, among others. The study includes market forecasting, which would enable our clients to take
better decisions while planning their strategy to achieve sustainability in India bread market.
Methodology Followed for Calculation of Market Size:
• Market Size by Value: Market size, in terms of value, for the year FY2020 was calculated based on information collected through exhaustive
secondary research and primary surveys, with various key opinion leaders/stakeholders, such as bread manufacturers, suppliers, distributors, channel
partners, market influencers & end users, industry experts, and other industry participants.
• The team interviewed more than 15 – 20 bread manufacturer, supplier and distributor companies, 100 – 120 end users, and 15 – 20 industry experts
and other value chain stakeholders in India bread market to obtain the overall market size from FY2016 to FY2020, which was validated by the
Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during FY2016-
FY2020.
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Research Methodology
• Respondents were asked about the current and future market growth rates, market shares by product type, by distribution channel, by each region.
Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments
were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other
stakeholders.
Methodology Followed for Calculation of Market Shares:
Market shares by product type, by distribution channel, by region and by company were calculated based on the responses received through primary
surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various type of Bread. The final
shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in
SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast India bread market,
TechSci Research used various forecast techniques such as:
✓ Moving Average
✓ Time Series Analysis
✓ Regression Analysis
✓ Econometric and Judgmental Analysis
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Research Methodology
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used
the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that
the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD),
with the market size indicated in USD million.
Partial List of Companies Interviewed Key Secondary Sources
▪ Britannia Industries Ltd.
▪ Modern Food Industries
▪ Bonn Nutrients Pvt. Ltd.
▪ Kitty Industries Pvt. Ltd.
▪ Harvest Gold Industries Pvt. Ltd.
▪ Perfect Bread Group of Companies
▪ Super Bakers India Limited
▪ Everfresh Bakeries Private Limited
▪ Bakery Bazar
▪ Mcrennett Foods Private Limited
▪ World Bank
▪ International Monetary Fund (IMF)
▪ TechSci Research Proprietary Database & Knowledge
Repository
▪ Company Annual Reports
▪ Industry Magazines
▪ Industry Reports
▪ News Dailies
▪ Credible Paid Databases
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Competitor Profile Bonn Nutrients Pvt Ltd
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.
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.
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.
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Competitor Profile Bonn Nutrients Pvt Ltd
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10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 100.00 110.00
FY2016 FY2020 FY2021E FY2026F
By Value (USD Million)
By Volume (Million Kg)
CAGR BY VALUE: XX%
CAGR BY VOLUME: XX%
CAGR BY VALUE: XX%
CAGR BY VOLUME: XX%
India Bread Market Size, By Value (USD Million) & By Volume (Million Kg), FY2016–FY2026F
India Bread Market Share, By Product Type, By Value, FY2016–FY2026F
25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%
25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%
25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%
25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%
FY2016 FY2017 FY2018 FY2019 FY2020 FY2021E FY2022F FY2023F FY2024F FY2025F FY2026F
White Bread
Brown Bread
Fruit Bread
Other SpecialtyBread
India White Bread Market Share, By Distribution Channel, By Value, FY2016–FY2026F
50%50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
25%25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021E
FY2022F
FY2023F
FY2024F
FY2025F
FY2026F
Convenience Stores Supermarket/Hypermarket Others
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Competitor Profile Bonn Nutrients Pvt Ltd
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Report Name: INDIA BREAD MARKET
FORECAST & OPPORTUNITIESFY2016 – FY2026
About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas
to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting
models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and
global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the
market.
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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or
complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand.
However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results
obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together
with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal
consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.
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