The export guide for flour confectionery market in India

The volume of the market for flour and bakery products in India in 2020 was estimated at $ 8.1 billion (6.3 million tons in physical terms). Despite the fact that the country is a net exporter of flour confectionery products, the country's imports are growing significantly faster than exports, and this trend is likely to continue in the future. In 2020, imports in physical terms increased by 62.1% compared to 2015 and amounted to 29 thousand tons. India's imports of flour confectionery are projected to reach 45,000 tonnes by 2024. “In the long term, the Indian confectionery market is quite promising for Russian suppliers. This is, first of all, due to the increase in the income of the population and the growing interest in imported food products. At present, the underdevelopment of retail chains and high protective duties (30%) are holding back Russian exporters from increasing supplies to this country. According to market participants, it is possible that new measures of state ...