India Bakery Premix Market Revenue is Estimated to Reach $33 Million in 2023

Bakery premix refers to a series of pre-mixed raw materials, including flour, sugar, eggs, butter, yeast, etc., used for making baked goods. These raw materials are mixed according to a certain formula and proportion to provide the basic ingredients and conditions required for baking, thereby simplifying the baking process, and improving production efficiency and consistency in taste.

With the improvement of living standards and the popularization of baking culture, more and more consumers are paying attention to the quality and taste of baked goods. As a key raw material for making baked goods, the market demand for baking premixes is also constantly growing.According to our research data, the total revenue of the Indian bakery premix market is expected to reach $33 million in 2023, among which the revenue of the two major sub-markets of bread premix and cake premix is estimated to reach $10.37 million and $8.35 million, respectively, with an estimated revenue share of 30.30% and 24.24%.From the perspective of the application landscape, retail stores are the largest downstream application market, with a revenue share of 72.73% in 2023.

India Bakery Premix Market Revenue and Share Forecast by Type and Application in 2023

Source: www.globalmarketmonitor.com

From the perspective of market competition,the concentration of the Indian baking premix market is relatively low. According to our data, the total revenue of the bakery premix market of the top 3 enterprises was 4.62 million in 2020, with a total market share of only 18.75%.The top 3 companies were Puratos, Premia Food Additivities Pvt. Ltd., and Tropolite (Davars). In 2020, the revenue of the three companies accounted for 6.70%, 6.11%, and 5.94%, respectively,in the Indian bakery premix market.

India Bakery Premix Market Revenue Forecast and Competition Pattern