India Dry Cakes Market to Grow with a CAGR of 5.74% through 2030F
The India Dry Cakes Market is driven by factors such as
rising disposable incomes, increasing demand for packaged, ready-to-eat snacks
and growing health consciousness.
According
to TechSci Research report, “India Dry Cakes Market – By Region, Competition, Forecast & Opportunities, 2020-2030F”, the India Dry Cakes Market was valued at USD 296.69 Million in 2024
and is expected to reach USD 414.80 Million by 2030 with a CAGR of 5.74% during
the forecast period. The India Dry Cakes Market has experienced steady growth
in recent years, driven by a combination of evolving consumer preferences,
urbanization, and changing dietary habits. Dry cakes, known for their extended
shelf life and convenient consumption, have increasingly become a popular
choice among Indian consumers, especially in metropolitan cities. With a
growing inclination toward snacking and ready-to-eat products, dry cakes have
carved out a strong niche in both urban and semi-urban markets. These cakes are
often favored not only for daily snacking but also for their suitability during
festivals, celebrations, and as gifting options. The changing lifestyle of
Indian consumers—marked by busy schedules, nuclear family setups, and increased
exposure to global food trends—has made dry cakes a go-to indulgence for many.
As more consumers are willing to spend
on convenience foods that offer both taste and portability, dry cakes have
witnessed a surge in demand. Additionally, the proliferation of organized
retail and online shopping platforms has significantly increased product
accessibility. Modern trade channels and e-commerce websites offer consumers a
wide variety of dry cake options, from basic vanilla and chocolate to more
premium variants such as dry fruit, butterscotch, and fusion flavors. This
expanded product reach has helped brands penetrate deeper into tier II and tier
III cities, thereby broadening the consumer base.
Another factor contributing to the
growth of the India Dry Cakes Market is the increasing health consciousness
among consumers. While traditionally viewed as indulgent items, dry cakes are
now being reformulated to cater to healthier preferences. Brands have started
introducing products with reduced sugar, added fiber, eggless recipes, and even
gluten-free variants to cater to evolving dietary requirements. The rise in
demand for vegetarian and eggless baked goods, especially in regions with large
vegetarian populations, has also contributed to innovation in product
formulations. As a result, manufacturers are increasingly investing in product
development and marketing strategies that highlight health benefits without
compromising on taste or shelf stability.
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" India Dry Cakes Market”
The India Dry
Cakes Market is segmented into product type, pack size, distribution channel and
region.
Based
on product type, Muffins and cupcakes have emerged as the fastest-growing
segment in India's dry cakes market, driven by evolving consumer preferences
and the demand for convenient, single-serve indulgences. Their popularity stems
from their portability, portion-controlled sizes, and a wide array of flavors
that cater to diverse tastes. The increasing influence of Western food culture,
especially among the younger demographic, has further propelled their demand.
Moreover, the expansion of modern retail outlets and online platforms has
enhanced their accessibility, allowing consumers to explore various options
effortlessly. Bakeries and manufacturers are capitalizing on this trend by
introducing innovative flavors and health-conscious variants, such as whole
grain and low-sugar options, to appeal to a broader audience. This surge in
demand reflects a broader shift towards convenient, ready-to-eat snacks that
align with the fast-paced lifestyles of modern consumers.
Based on region, South region of India is the fastest-growing
market for dry cakes, driven by increasing health consciousness and changing
consumer preferences. Consumers in southern states are seeking healthier bakery
options, including cakes made with ingredients like oats, millets, and reduced
sugar, aligning with wellness trends. The rise of organized retail chains and
rapid growth of e-commerce platforms in this region have significantly improved
product availability and variety, making it easier for consumers to access
diverse dry cake options. Additionally, urbanization and rising disposable
incomes in cities like Bengaluru, Chennai, and Hyderabad further fuel demand.
The combination of health-focused product innovation, strong retail
infrastructure, and evolving lifestyles positions South India as the most
dynamic and fastest-expanding region in the dry cakes market.
Major companies
operating in India Dry Cakes Market are:
- 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
- Oetker
(India) Limited
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“The India Dry Cakes Market is driven by
rising disposable incomes, growing demand for convenient ready-to-eat snacks,
and increasing health awareness leading to healthier product innovations.
Trends include a surge in online sales, premiumization of flavors, rising
popularity of eggless and gluten-free options, and growing consumption during
festivals and gifting occasions.” said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based management consulting firm.
“India Dry Cakes Market
By Product Type (Bar Cakes, Muffins/Cupcakes, Others), By Pack Size (Upto 100g,
100 to 250g, Above 250g), By Distribution Channel (Supermarkets/Hypermarkets,
Convenience Stores, Online, Others), By Region, Competition, Forecast &
Opportunities, 2020-2030F”, has evaluated the future growth potential of India Dry
Cakes Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the India Dry Cakes Market.
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