Rusks beat Bread/Pastry Imports in India; Grows at CAGR of 53.9%
Bakery product imports in India have been growing at more than double the GDP growth rate of the country. It underlines the growing consumption trend of imported pastry products in India which includes Bread/pastry Imports, cakes, biscuits, rusks etc. value of bakery imports have grown from $19.5Mn in 2014 to $39.1Mn in 2018.
Market Composition: Bread/Pastry
Breads/Pastry/Cakes are the largest import segment of bakery products in India. It accounted for 37% of all bakery imports. Sweet Biscuits followed by Rusks are other two major import items in India. Rusk imports account for 19% of all bakery imports in India and it is also the fasted growing segment.
Rusks have grown at CAGR of 53.9% during past five years between 2014-2018 period. During this period import value of Rusks grew from $857K in 2014 to $7.2Mn in 2018. Segment of Bread/Pastry Imports and Cakes grew at CAGR of 13.7% during the same period. Value of imports in Bread/Pastry/Cakes segment doubled during this period and grew to $ 14.5Mn in 2018 from $7.6Mn in 2014.
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