India Bakery Retailing Market Revenue is projected to grow at a CAGR of 10.9% during 2024-2030

Cakes and pastries segment by Product Type held the highest revenue share in India Bakery Retailing Market -6Wresearch

Cakes and pastries dominated the India bakery retailing market in 2023, driven by their popularity for celebrations, festivals, and daily indulgence. The rising demand for premium, customized cakes for special occasions further boosted sales. Furthermore, social media influencers and food bloggers popularized custom-designed cakes and hampers for festivals, fuelling the growing trend of gifting cakes on Indian occasions.

According to 6Wresearch, India Bakery Retailing Market Revenue is projected to grow at a CAGR of 10.9% during 2024-2030. The bakery retail market in India is experiencing significant growth, fueled by shifting consumer preferences, urbanization, and the rise of online food delivery platforms. According to Swiggy's 2022 report, there has been a notable rise in demand for bakery snacks such as garlic bread and samosas, with Bangalore earning the title of the "Cake Capital" of India with 8.5 million orders in 2023. Furthermore, online platforms have transformed cake gifting, leading to a 30% increase in demand, particularly during festivals and cross-border celebrations. The convenience of same-day delivery and hassle-free ordering has made cakes a preferred gifting option, eliminating the need for extensive pre-planning. This trend has also contributed to an additional CAGR of 12-15% in cake sales, highlighting the transformative impact of e-commerce on consumer buying behaviours.

According to Vasudha, Senior Research Analyst, 6Wresearch, the unorganized segment led the India bakery retailing market, driven by small, local bakeries offering affordable products. As of November 2024, India has 1,35,643 bakeries, with 92.91% being single-owner operations, emphasizing the dominance of unorganized bakeries. These establishments, especially in rural and semi-urban areas, benefit from low costs and wide reach, maintaining their market leadership.

India Bakery Retailing Market (2024-2030) report provides an in-depth analysis with 15 figures and 7 tables, covered in 73 pages. The report thoroughly covers by type, by product type and by sales channels. India Bakery Retailing Market outlook report provides an unbiased and detailed analysis of the on-going India Bakery Retailing Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.