| Product Code: ETC7556673 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India`s waffles import market in 2024 saw a significant influx of shipments from Malaysia, Thailand, Metropolitan France, Belgium, and South Korea. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. With a remarkable Compound Annual Growth Rate (CAGR) of 26.67% from 2020 to 2024, the sector exhibited robust expansion. Although the growth rate slightly decreased to 1.89% from 2023 to 2024, the overall trend showcases a promising trajectory for waffles imports into India. This data highlights the evolving dynamics and opportunities in the country`s waffles market.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Waffles Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Waffles Market Revenues & Volume, 2021 & 2031F |
3.3 India Waffles Market - Industry Life Cycle |
3.4 India Waffles Market - Porter's Five Forces |
3.5 India Waffles Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Waffles Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Waffles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and changing lifestyles leading to a rise in demand for convenient and on-the-go breakfast options. |
4.2.2 Growing popularity of international cuisines and food trends influencing consumer preferences towards waffles. |
4.2.3 Expansion of foodservice outlets and cafes offering waffles as a menu item. |
4.2.4 Rising disposable incomes and a growing middle-class population increasing spending on eating out experiences. |
4.3 Market Restraints |
4.3.1 Limited awareness and penetration of waffles in certain regions of India. |
4.3.2 High competition from traditional Indian breakfast options like dosa, idli, etc. |
4.3.3 Price sensitivity among consumers in the lower-income segments affecting adoption rates. |
4.3.4 Seasonal demand fluctuations impacting the year-round sustainability of waffle businesses. |
5 India Waffles Market Trends |
6 India Waffles Market, By Types |
6.1 India Waffles Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Waffles Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 India Waffles Market Revenues & Volume, By Traditional Waffle (Homestyle Waffle), 2021- 2031F |
6.1.4 India Waffles Market Revenues & Volume, By Flavored Waffle, 2021- 2031F |
6.2 India Waffles Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Waffles Market Revenues & Volume, By Supermarkets and Hypermarkets, 2021- 2031F |
6.2.3 India Waffles Market Revenues & Volume, By Convenience Stores, 2021- 2031F |
6.2.4 India Waffles Market Revenues & Volume, By Specialist Retailers, 2021- 2031F |
6.2.5 India Waffles Market Revenues & Volume, By Online Retailers, 2021- 2031F |
7 India Waffles Market Import-Export Trade Statistics |
7.1 India Waffles Market Export to Major Countries |
7.2 India Waffles Market Imports from Major Countries |
8 India Waffles Market Key Performance Indicators |
8.1 Average daily footfall in waffle outlets. |
8.2 Social media engagement metrics (likes, shares, comments) for waffle-related content. |
8.3 Number of new waffle products or flavors launched in the market. |
8.4 Percentage increase in waffle consumption during festive seasons. |
8.5 Customer retention rate for waffle outlets. |
9 India Waffles Market - Opportunity Assessment |
9.1 India Waffles Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Waffles Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Waffles Market - Competitive Landscape |
10.1 India Waffles Market Revenue Share, By Companies, 2024 |
10.2 India Waffles Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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