(2019 – 2024) India Cake Market – CAGR GROWTH, TRENDS, ANALYSIS AND FORECAST
India Cake Market is expected to grow at a CAGR of 12.5% during the forecast period of (2019 – 2024). And report provides complete market overview, list of top manufactures, scope of the report, key market trends of India Cake market and main aspect about report- why should you buy this research report? so don’t miss it.
India Cake Market Overview:
India Cake market is forecasted to reach USD 882.24 million by 2024 growing at a CAGR of 12.5% during the forecast period (2019 – 2024).
– Bakery products have long been basic food products for human nutrition. The convenience, accessibility, and nutrition profile associated with them are the major factors of their sustenance in the modern market.
– As the consumption of cakes is gaining market traction, owing to consumers’ changing perceptions, as well as their convenience and health attribute, leading to a rise in popularity of on-the-go cake products, which are baked off or made at the convenience of the consumer.
– As a result of urbanization and increase of the working population, the preferences for out-of-home consumption and demand for instant and nutritious products have increased, which is expected to propel the market growth during the forecast period.
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List of Top Key-players/Leading Manufacturers of India Cake Market:
Scope of the India Cake Market Report:
India Cake Market is segmented as Distribution Channel (Supermarket/Hypermarket, Convenience Store, Specialist Retailer, Online Channel, and Other Distribution Channels).
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Key Trends of India Cake Market:
Growing Demand for Bakery Products in India
Emerging economies of Asia-Pacific represent larger, untapped potential for organized development of bakery products, owing to the rising disposable incomes, urbanization, and the demand for western-style diet. Bakery in India is a traditional activity. Bakery manufacturers in India can be differentiated into the three broad segments of bread, biscuits, and cakes. The growth in baked goods in the last few years is supported by the value growth in bread, whereas cakes and pastries have experienced comparatively lower sales growth. There is a rising popularity of premium bread amongst the rapidly aging population. Muffins, puffs and other savory products are also gaining popularity as younger populations often visit independent bakeries to relish snacks.
Packaged cake becoming the fastest growing market
The packaged cake segment has been holding a very low market share since 2015 in the India packaged bakery market. However, it is the fastest growing category, due to the development of vegan packaged cakes. India being a very diverse country, with approximately 40% of its population being vegetarian, the introduction of vegan cakes is expected to contribute a major chunk to the market growth. Frontier Biscuit Factory Pvt Ltd Is one of the popular companies in the northern part of India, with a rich product portfolio in the vegan packaged cake market.
Both online and offline sales channels make equal contributions to the market growth in India. The major market is dominated by rural and semi-urban population in areas, where convenience stores and supermarket/hypermarkets gain high tractions. Online channels are gaining popularity in the urban areas, especially in the tier-1 and 2 cities, due to the high market penetration of grocery delivery services, like Bigbasket and Amazon groceries.
Reasons to Purchase India Cake Market Report:
- The report analyses how the stringent emission control norms will drive the global India Cake market.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major India Cake market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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Overview of TOC, what it contains? –
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Product Type
5.2 Distribution Channel
6 COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Active Companies
6.3 Most Adopted Strategy
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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