1. OVERVIEW
1.1 The Global Scenario
1.2 The Indian Scenario
1.2.1 Classification of the Industry
1.2.2 Category Overview
2. MARKET ANALYSIS
2.1 Industry Growth Drivers
2.1.1 Changing perceptions and lifestyles
2.1.2 Premiumization of the biscuit sector
2.1.3 Rising Urbanization
2.1.4 Product Innovation
2.1.5 Easy availability
2.2 Emerging Trends in the Industry
2.2.1 E-retailing of bakery products
2.2.2 Expanding Foothold
2.2.3 Technological Advancements
2.2.4 Improved Packaging Solutions
2.2.5 Innovation in ingredients
2.3 SWOT Analysis
2.3.1 Strengths
2.3.2 Weaknesses
2.3.3 Opportunities
2.3.4 Threats
3. MARKET FORECASTS
3.1 Demand
3.1.1 Biscuits
3.1.2 Bread
3.2 Supply
3.2.1 Biscuits
3.2.2 Bread
3.3 Foreign Trade
4. KEY PLAYERS
4.1 Britannia Industries Ltd
4.2 ITC Ltd
4.3 Parle Products Ltd
4.4 Modern Food Industries (India) Ltd
4.5 Surya Food & Agro Ltd
5. KEY FINANCIALS AND ANALYSIS
5.1 Contact Information
5.1.1 Registered Office Address
5.1.2 Director’s Name
5.2 Key Financials
5.2.1 Plant Location
5.2.2 Raw Material Consumption
5.2.3 Plant Capacity & Sales
5.3 Financial Comparison
5.3.1 Assets
5.3.2 Liabilities
5.3.3 Growth in Assets & Liabilities
5.3.4 Income & Expenditure
5.3.5 Growth in Income & Expenditure
5.3.6 Profits
5.3.7 Liquidity Ratios
5.3.8 Profitability Ratios
5.3.9 Return Ratios
5.3.10 Working Capital & Turnover Ratios
6. INDUSTRY SIZE & OUTLOOK

LIST OF FIGURES & TABLES
Figure 1 Global Bakery Products Industry- Market Size
Figure 2 Indian Bakery Industry- Structure
Figure 3 Indian Biscuit Industry- Structure
Figure 4 Indian Biscuit Industry- Price Segments
Figure 5 Indian Biscuit Industry- Consumption Pattern
Figure 6 Indian Bread Industry- Structure
Figure 7 Indian Bread Industry- Consumption Pattern
Figure 8 Shrinking Glucose Segment (FY10-13)
Figure 9 Indian Population Structure- Rural & Urban
Figure 10 Online Retailing in India- Market Size (2008-16, In INR Billions)
Figure 11 Population of India (2008-17, In Millions)
Figure 12 India's Wheat Production (2006-12, In Lakh Tonnes)
Figure 13 Milk Production in India (2009-13, In Million Tonnes)
Figure 14 India's Sugar Production (2009-13, In Million Tonnes)
Figure 15 MSP of Wheat (2010-15, In INR/Quintal)
Figure 16 Indian Middle Class Population (Current-2026)
Figure 17 India's Annual Per Capita Income (2008-13, In INR)
Figure 18 Per Capita Consumption of Bakery Products in the World (In Kgs)
Figure 19 Demand Structure of Bread & Biscuits In India
Figure 20 Share of Organized Retail in Indian retail industry (2012-17)
Figure 21 Demand for Biscuits in India (2007-12, In Million Tonnes)
Figure 22 Demand for bread in India (Upto 2017, In Million Tonnes)
Figure 23 Bakery Production in India (2017, In Million Tonnes)
Figure 24 Registered Bakery Units in India (2007-11)
Figure 25 Total Investments in Bakery Sector (2011-14E, In INR Millions)
Figure 26 Biscuit Production in India- Organized Sector (2007-17, In Million Tonnes)
Figure 27 Bread Production by Selected Producers (2008-17E, In '000 Tonnes)
Figure 28 Britannia Industries Ltd- Bread production (2008-11, In '000 Tonnes)
Figure 29 Britannia Industries Ltd- Shareholding Pattern (Dec 2013)
Figure 30 Britannia Industries Ltd- Revenue Distribution (March 2013)
Figure 31 ITC Ltd- Shareholding Pattern (Dec 2013)
Figure 32 ITC Ltd- Revenue Distribution (March 2013)
Figure 33 Indian Bakery Industry- Market Size (2005-17, In INR Billions)
Figure 34 Indian Biscuit Industry- Market Size (2009-17, In INR Billions)
Figure 35 Indian Bread Industry- Market Size (2008-17, In INR Billions)

Table 1 Bakery Chains in India
Table 2 Indian Exports of Bakery Products- List of Countries
Table 3 Indian Imports of Bakery Products- List of Countries
Table 4 Britannia Industries Ltd- Plant Locations (March 2013)
Table 5 Britannia Industries Ltd- Financial Summary (2011-13)
Table 6 ITC Ltd- Plant Locations (March 2013)
Table 7 ITC Ltd- Financial Summary (2011-13)
Table 8 Parle Products Ltd- Plant Locations (March 2013)
Table 9 Surya Food & Agro Ltd- Financial Summary (2010-12)

EXECUTIVE SUMMARY

The Indian food industry has grown from strength to strength in the past few years with recent upswing in the packaged and processed food industry. Indian bakery industry is one of the biggest sections in the processed food industry of the nation. The rising foreign influence, emergence of female working population and changing consumption patterns have attributed strongly in the growth trajectory of the bakery industry.

Indian bakery industry has undergone a massive change majorly on account of changing perception of bakery products and evolving consumer tastes. Bakery products are items of mass consumption due to their affordability and nutrition content.

Trends in the Industry

·         E-retailing of bakery products

·         Expanding foothold

·         Improved Packaging

·         Innovation in ingredients

Rising urbanization and growth in the disposable incomes of the Indian population has proven to be a magnet for international bakery chains. India has seen an influx of foreign bakery companies foraying into India which in turn has helped in improving the quality of Indian bakery products. Today there is a constant effort by the bakery players to innovate their product line to match up to Indian palate. Driven by evolving perception of bakery products in India and changing consumer preferences, Indian bakery industry will touch levels of INR 483 billion in the next five years.

1.  OVERVIEW

The Indian food industry has grown from strength to strength in the past few years with recent upswing in the packaged and processed food industry. Indian bakery industry is one of the biggest sections in the processed food industry of the nation. The rising foreign influence, emergence of female working population and changing consumption patterns have attributed strongly in the growth trajectory of the bakery industry.

Let’s have a look at the status of global bakery industry.

1.1   The Global Scenario

Global bakery industry grew at an annual rate of ~6.5 % y-o-y during 2007-13 and leading research associations project the global industry to grow at a CAGR of ~7% in the next few years. The global Bakery Products market is forecasted to reach US$447 billion by the year 2017, driven by new consumer preferences for conveniently portioned and easy-to-consume bakery goods.

Figure 1 Global Bakery Products Industry- Market Size

Source: Industry Data

Europe is the leading producer and consumer of bread and bakery products as these products are deeply embedded in their national and religious diets.

In the global bakery products market, wafers, waffles, and sweet biscuits account for 33.4% of the demand while the remaining market share is divided between toasted bread, rusks, and other toasted products at 2.0%, crispbread 1.1%, gingerbread 0.8%, and other type of bakery products 62.7%.

The bakery products market in developed regions such as North America, and Western Europe is comparatively matured, and future growth is will be derived primarily from the emerging markets of Asia-Pacific, Latin America, Eastern Europe, and the Middle East. India, as projected, will be a high growth market for bakery products in the coming years.

1.2   The Indian Scenario

Baking in India is a traditional activity and has gained ground in the last few decades. Baking breads and cakes wasn’t really a part of the Indian culture and the notion became popular only with the changing perceptions and evolving lifestyles of Indian population. Today bakery products hold a major place in the Indian food processing industry.  Indian bakery industry is dominated by unorganized sector with ~ 60 % of the market share.

Figure 2 Indian Bakery Industry- Structure

Source: Industry Data

1.2.1  Classification of the Industry