Forecast: Export of Baked Bread, Pastry and Wafers from India

In 2023, the export of baked bread, pastry, and wafers from India was valued at $414 million. The forecasted data for the next five years shows a consistent upward trend with year-on-year percentage increases. In 2024, the value is expected to be $426.72 million, marking a 3.07% rise from the previous year. This growth trend continues in subsequent years: 2025 with $439.45 million, increasing by 2.99%, 2026 with $451.93 million, up by 2.84%, 2027 with $464.16 million, increasing by 2.70%, and 2028 reaching $476.14 million, reflecting a 2.58% increase. The Compound Annual Growth Rate (CAGR) over these five years is approximately 2.84%.

Future trends to watch for include shifts in international trade policies, changes in raw material prices, and evolving consumer preferences towards healthier and specialty bakery products. Additionally, technological advancements in baking and packaging processes, as well as the potential impacts of global economic conditions, will be crucial factors affecting export growth. Monitoring these trends will provide insights into potential opportunities and challenges in the export market for baked goods from India.