With production value of USD5.2 billion, India accounts for 4.8% of the Asia Pacific total in 2023. The industry’s exports share decreases in 2023 to 5.4% of total production output. The industry’s profitability increases and stands at 6.8% of production value in 2023, the 18th highest regionally. The costs of the industry increase by 2.6% in 2023, largely driven by rising B2B costs. The total number of companies increases in 2023, to 605,255 units. The industry is fragmented, with the top five companies generating 36.8% of total production value in 2023. Britannia Industries Ltd is the largest company in India, generating 15.4% of the industry’s total production value in 2023. India has the fourth largest market size for bakery products regionally, with demand reaching USD9.1 billion in 2023. Households drive market demand, with household spending representing 83.7% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 1.2% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Bakery Products in India: ISIC 1541. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Bakery Products in India: ISIC 1541 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
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