Cake Market In India 2024-2028
The cake market in India is forecasted to grow by USD 212.66 mn during 2023-2028, accelerating at a CAGR of 6.14% during the forecast period. The report on the cake market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing preference for premium and customized cakes, the expansion of bakery chains and cafes in India, and increasing demand for artisan-baked products.
Technavio's cake market in India is segmented as below:
By Product
- Dessert cakes
- Sponge cakes
- Cupcakes
- Others
By Distribution Channel
By Flavor
- Chocolate
- Vanilla
- Cheese
- Others
This study identifies the increasing demand for sugar-free and vegan cakes as one of the prime reasons driving the cake market in India growth during the next few years. Also, fusion of traditional Indian flavors with international influences and adoption of eco-friendly packaging materials and sustainable practices in cake production will lead to sizable demand in the market.
The report on the cake market in India covers the following areas:
- Cake market in India sizing
- Cake market in India forecast
- Cake market in India industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cake market in India vendors that include Anmol Industries Ltd., Bake wish Pvt. Ltd., Bindu Recipes Pvt. Ltd., Britannia Industries Ltd., Cafe Hops, Cakezone Food Tech Pvt. Ltd., Dream Bake Pvt. Ltd., Elite Group, Ferns N Petals Pvt. Ltd., French Bakery Pvt. Ltd., German Bakery, Glens Bakehouse, Merwans Confectioners Pvt. Ltd., Modern Food Enterprises Pvt. Ltd., Monginis Foods Pvt. Ltd., Parle Products Pvt. Ltd., Starbucks Corp., Frontier Biscuit Pvt. Ltd., Kouzina Food Tech Pvt. Ltd., and Theobroma Foods Pvt. Ltd.. Also, the cake market in India analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.