Top 4 Indian Bakery Companies

The Indian bakery market reached a value of US$ 12.6 Billion in 2023. As per the analysis by IMARC Group, the top Indian bakery companies are focusing and making extensive investments in product innovations, collaborations, and acquisitions to strengthen their hold in the market. In line with this, the growing inclination toward quick and convenient food options and baked goods due to changing lifestyles and busy schedules is favoring the market growth. Furthermore, some of the baked products, such as bread, buns, and oat cookies, offer various essential nutrients and are rich in iron, energy, fat, calcium, fiber, protein, vitamins, and minerals, which, in turn, is propelling the market growth. Along with this, the expansion of the food and beverage (F&B) industry, coupled with the growing quick-service restaurants (QSRs) and fast-food chains, is supporting the market growth. The increasing demand for fast-moving consumer goods (FMCG), such as biscuits and cookies, owing to their innovative designs, flavors, nutritional value, and cost-effectiveness, is positively influencing the market growth. Additionally, the rising western influence and changing food habits are escalating the demand for bakery products such as cakes, pastries, and bread. Moreover, manufacturers are focusing on introducing healthy, low trans-fat, multi-grain, and whole wheat bakery products due to the rising health consciousness among consumers, which is providing an impetus to the market growth. Besides this, the increasing consumption of ready-to-eat (RTE) food and bakery products, the thriving e-commerce sector, evolving lifestyles and eating habits, rising expenditure capacities of consumers, and enhanced focus on research and development (R&D) activities, are creating a positive outlook for the market. Looking forward, IMARC Group expects the market value to reach US$ 29.4 Billion by 2032, growing at a CAGR of 9.6% during the forecast period (2024-2032).

Learn about opportunities, challenges, and trends in the Indian bakery Manufacturing market with IMARC’s market research report. Try a free sample today!

List of Top Companies Operating in the Indian Bakery Manufacturing Industry

The Indian bakery market has several major players including Britannia Industries Limited, ITC Limited, Parle Products Private Limited and Surya Food and Agro Limited. More information about these companies has been provided below.

1. Britannia Industries Limited

Britannia Industries Limited is an Indian food company primarily involved in the manufacturing and sale of biscuits, cakes, bread, rusk, and dairy products. It offers an extensive range of products, including popular brands like Good Day, Marie Gold, Tiger, Bourbon, and NutriChoice. The company aims to expand its product portfolio beyond biscuits and cakes, with a focus on health and wellness products. As a result, they have launched several products under the NutriChoice brand, which includes digestive biscuits, oats cookies, and high-fiber bread. The company is committed to providing quality, innovative, and customer-satisfactory products through sustainable packaging solutions, reducing food waste, and developing environmentally friendly products.

2. ITC Limited

ITC Limited is an Indian multinational conglomerate company that focuses on innovation and research and development (R&D). The company has a diverse portfolio of businesses that includes fast-moving consumer goods (FMCG), hotels, paperboards and specialty papers, packaging, agribusiness, and information technology (IT). Some of the popular food and bakery brands owned by ITC Limited include Aashirvaad, Sunfeast, Bingo!, Yippee!, and Kitchens of India. The company has been introducing new products and flavors to cater to the changing tastes and needs of consumers. Apart from this, the business has been significantly investing in technology to improve its manufacturing processes and supply chain management. ITC has received several awards and recognitions for its quality and sustainability initiatives.

3. Parle Products Private Limited

Parle Products Private Limited is one of India's leading fast-moving consumer goods (FMCG) companies with a wide range of products under its portfolio. It holds several biscuit brands under its umbrella, including Hide & Seek, Parle-G, Monaco, Krackjack, and 20-20. The company has a strong focus on research and development (R&D) and has invested in modern technology to improve its manufacturing processes. It also deals in a range of confectionery products, such as candies and toffees under the brand's Melody, Londonderry, Melody, Kismi, Poppins, and Mango Bite. In addition, Parle Products Private Limited has implemented several initiatives to reduce its environmental footprint, support education, health, and welfare programs in the communities, protect national heritage, art, and culture, and promote health care, including preventive health care and sanitation.

4. Surya Food and Agro Limited

Surya Food and Agro Limited is a leading company known for its popular food brand ‘Priyagold’, which produces premium biscuits, along with cookies, cakes, and rusk. The manufacturing facilities are equipped with advanced and latest machinery and technology, which helps them maintain high-quality product safety and quality standards. The company has a strong distribution network through which they offer a wide range of products, such as Butter Bite, CNC, Snacks Zig Zag, Marie Lite, Snakker Choco Sandwich, Cheese Cracker, Butter Delight, Butter Milk, and Magic Fruit Cake. Surya Food and Agro Limited’s product portfolio caters to different segments of the market, including kids and health-conscious consumers.

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