India Bread Market Size, Share, Growth & Forecast 2025

MARKET INTELLIGENCE . CONSULTING

www.techsciresearch.com

INDIA BREAD MARKET

FORECAST & OPPORTUNITIES

FY2016 – FY2026

2

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

3

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




6.2.1. By Distribution Channel

6.3. Pricing Analysis

Table of Contents

4

S. No. Contents Page No.

7. India Brown Bread Market Outlook






8. India Fruit Bread Market Outlook






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

6

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

7


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.

8


• 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

9


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

10

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.

11


5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00

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

12


License Type Price

Electronic Access - Single User License $2950

Electronic Access - Multi-User License $3750

Custom Research License $7500

Report Price

To View Sample OR Purchase Report

Report Name: INDIA BREAD MARKET

FORECAST & OPPORTUNITIESFY2016 – FY2026

https://www.techsciresearch.com/report/india-bread-market/4747.html

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.

Related Reports

• Global Bakery Equipment Market By Equipment Type (Mixer & Blenders, Dividers & Rounder, Molders & Sheeters, Oven & Proofers, Slicers, Others),

By Application (Bread, Cakes & Pastries, Cookies & Biscuits, Pizza Crusts, Others), By Mode of Operation (Automatic v/s Semi-Automatic), By

Distribution Channel (Store-Based v/s Non-Store-Based), By End Users (Bakery Processing Industry v/s Foodservice Industry), By Region, Forecast &

Opportunities, 2025

• Australia Biscuit Market By Product Type (Plain Biscuit, Cookies, Sandwiched Biscuit, Crackers and Crispbreads, Others), By Distribution Channel

(Online, Offline (Hypermarkets/ Supermarkets, Convenience Stores, Independent Small Grocers & Others), By Region, Forecast & Opportunities, 2025

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.

TechSci Research – North America708 Third Avenue, Manhattan,

New York, United States

Tel: +1- 646- 360- 1656

Email: [email protected]


Disclaimer

TechSci Research – Europe54, Old brook, Bretton,

Peterborough,

United Kingdom



TechSci Research – Asia-PacificB – 44, Sector – 57, Noida, National Capital

Region, U.P. - India

Tel: +91-120-4523900

