India Dry Cakes Market By Product Type (Bar Cakes, Muffins/Cupcakes, Others (Brownies etc.), By Pack Size (Upto 100g, 100 to 250g and Above 250g), By Distribution Channel (Bakeries & Specialty Stores, Supermarkets/Hypermarkets, Conventional Stores, Online and Non-Retail), By Region, Competition, Forecast & Opportunities, 2029
Published Date: October - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request Customization| Forecast Period | 2025-2029 |
| Market Size (2023) | USD278.12 Million |
| CAGR (2023-2028) | 5.50% |
| Fastest Growing Segment | Online |
| Largest Market | South India |
India Dry Cakes Market is growing at a robust growth rate owing to rising demand for convenience food, growing e-commerce industry, increasing number of instore bakeries, and rising demand for healthier food products.
Think of dry cakes as those yummy treats you can enjoy without all the frosting, like muffins and cupcakes! You'll find them in tons of flavors, from classic chocolate and vanilla to fruity options like strawberry and orange. People are really loving the premium stuff these days – you know, the kind made with top-notch ingredients and interesting flavors. That's why brands are getting creative with artisanal and gourmet options to keep up with what everyone wants. You can find these bakery items just about anywhere now, even in the countryside. And because there are so many new players in the game, the big companies are adding even more variety to their shelves to satisfy everyone's sweet tooth!
The demand of the India Dry Cake Market is high, as dry cakes are a popular and widely consumed product in the country. The market is driven by various factors, such as changing consumer preferences, growth of food segment, and rising demand for packaged food items. The Indian bakery industry has seen significant growth in recent years, with dry cakes being a major contributor to this growth.
People in India are buying more dry cakes! Why? Well, we're all about those packaged foods that are super easy to grab and eat. Plus, who doesn't love a cake for a birthday, wedding, or festival? It's a party must-have! You'll find everyone from your neighborhood baker to big international companies trying to get a piece of the cake market. It's a real competition out there! Small businesses are holding their own, but the big guys are definitely trying to get in on the action. Looking ahead, the India Dry Cake Market is set to explode, thanks to our love for easy packaged cakes, a growing interest in vegan options, and, of course, the rise of online shopping.
The bakery industry in India has been witnessing significant growth in recent years due to various factors such as changing lifestyles, increasing disposable income, and growing preference for convenience foods. With busy lifestyles, consumers are looking for dry cakes that are convenient to consume and can be carried around easily. There is a higher demand for bakery items like muffins and bar cakes in India due to changing dietary habits and lifestyle choices of the Indian population. Single-serve packaging and smaller-sized packs are becoming popular, as they offer portion control and on-the-go snacking options.
Hey, have you noticed more people are caring about what's actually in their food? That "clean label" thing is really taking off! Folks are definitely thinking twice about stuff like saturated fats and hydrogenated oils. It's all about being more aware of what we're putting in our bodies. Speaking of which, remember how the Food Safety and Standards Authority of India (FSSAI) is pushing to lower trans-fat levels? They wanted to drop them from 5% to 3% in 2021, and then below 2% by 2022. That totally fits with this whole health-conscious trend! Now, companies are stepping up, creating specialized oils and fats just for things like cakes. They're trying to nail that perfect balance of health, nutrition, and, of course, flavor, so bakeries can actually meet all these new rules. So, yeah, these changes to the rules and regulations about what goes into our baked goods? They're all about making things healthier for us, and that's definitely going to boost the market.
Lately, more and more of us are thinking about our health, and that's leading to a big interest in dry cakes that are lower in sugar, calories, and fat. Brands are definitely noticing! They're coming out with healthier versions of our favorite dry cakes, swapping in natural sweeteners and adding goodies like nuts and seeds. In India, bakeries and confectionery companies are stepping up too, offering a wide selection of vegan packed cakes to meet the rising demand. Take Crave by Leena, for example – one of the first vegan bakeries in Bengaluru. They're whipping up amazing cakes and vegan desserts with gluten and sugar-free options. It's clear there's a real buzz around vegan packed cakes in India. This is partly because we're all becoming more aware of animal welfare, health, and taking care of our planet. Veganism is getting more popular here, and lots of folks are searching for plant-based swaps for those old dairy-filled cakes. And it's not just vegans and vegetarians who are interested; even people who simply want a healthier treat or have dietary needs are grabbing them! So, you see consumers really like vegan packed cakes because they skip the dairy, eggs, and other animal products, making them a great choice if you're lactose intolerant or allergic to eggs.
The Indian Dry Cakes Market is highly competitive, with large number of players in the market. Brands can differentiate themselves by creating unique and innovative products to stand out in the crowded market. Consumer preferences are constantly evolving, and brands need to keep with these changes. They can adapt their product offerings and marketing strategies to cater to the changing needs and preferences of consumers.
Maintaining consistent quality across different batches of dry cakes can be a challenge, particularly for small-scale producers. Brands need to invest in quality control measures to ensure that the dry cakes meet the expectations of consumers. Furthermore, The logistics and supply chain network in India can be challenging, with issues like transportation and storage affecting the quality of the product. Brands need to invest in efficient supply chain systems to ensure that the quality of the dry cakes is maintained.
- In 2022, Parle Products planned to launch new products to boost the share of its premium portfolio from 20 to 25 percent and improve distribution for popular brands like Milano, Nutricrunch, and Hide & Seek.
- To support female entrepreneurs in India, Elite Foods and Innovations Group has started a new programme called "Scale your startup" in 2023.
- Dr. Oetker acquired Spycy Foods, a bakery startup that creates Kuppies desserts, in 2021. This was the company's second acquisition in India following FunFoods, which it acquired for USD13.29 Million over a decade ago.
India's got a sweet tooth for dry cakes lately! It's all about changing lifestyles and how we eat. Think about itdry cakes are super convenient, last longer on the shelf, and you can find them in tons of flavors – making them a go-to snack for pretty much everyone. But there's more! We're all getting a bit more health-conscious, and that's affecting what kind of dry cakes we crave. People want options that are lower in sugar, fat, and calories. Luckily, a lot of packaged cakes companies are catching on and offering healthier choices with natural ingredients. And for companies that want to really nail it? They can always roll out new flavors and types of dry cakes, like maybe something gluten-free or sugar-free!
The e-commerce industry in India is booming and online sales of food products are rapidly increasing. Dry cakes manufacturers can use this opportunity by selling their products online. Furthermore, the growth of organized retail in India, including supermarkets and hypermarkets, has made it easier for consumers to access a variety of dry cakes options from different brands. This has helped to expand the market for dry cakes in India.
The India Dry Cakes Market is segmented based on type, pack size, distribution channel and region. Based on type, the market is segmented into bar cakes, muffins/cupcakes, and others. Based on pack size, the market is divided into upto 100g, 100 to 250g, and above 250g. Based on distribution channel, the market is segmented into bakeries & specialty retailers, supermarkets/hypermarkets, conventional retailers, online and non-retail. Based on region, the market is divided into north, south, east, west region.
Britannia Industries Limited, Monginis Foods Private Limited, Parle Products Private Ltd., Bonn Nutrients Private Ltd., Elite Foods Pvt Limited, Surya Food & Agro Ltd., Saj Food Products Private Limited, Kitty Industries Pvt. Ltd., Anmol Industries Limited, and Oetker (India) Limited are some of the major players in the India Dry Cakes Market.
| Attribute | Details |
| Base Year | 2023 |
| Historic Data | 2019 – 2022 |
| Estimated Year | 2024 |
| Forecast Period | 2025 – 2029 |
| Quantitative Units | Value in USD Million, CAGR for 2019-2023 and 2024-2029 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | TypePack SizeDistribution ChannelRegion |
| Regional scope | North, West, South, East. |
| Key Companies Profiled | Britannia Industries Limited, Monginis Foods Private Limited, Parle Products Private Ltd., Bonn Nutrients Private Ltd., Elite Foods Pvt Limited, Surya Food & Agro Ltd., Saj Food Products Private Limited, Kitty Industries Pvt. Ltd., Anmol Industries Limited, and Oetker (India) Limited |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope
In this report, India Dry Cakes market has been segmented into the following categories, in addition to the industry trends which have also been detailed below
- India Dry Cakes Market, By Type
- Bar Cakes
- Muffins/Cupcakes
- Others (Brownies, etc.)
- India Dry Cakes Market, By Pack Size
- Upto 100g
- 100 to 250g
- Above 250g
- India Dry Cakes Market, By Distribution Channel
- Bakeries & Specialty Stores
- Supermarkets/Hypermarkets
- Conventional Stores
- Online
- Non-Retail
- India Dry Cakes Market, By Region
- North
- West
- South
- East
Competitive Landscape
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