Courtesy: Research And Markets
The pandemic impacted the F&B industry, including the bakery. However while many of the F&B outlets had to shut shop the bakery industry was also adversely affected. Though bakeries had to curtail production, due to labour shortage and other problems, consumers still preferred bakery products due to their being comparatively healthy and nourishing, as compared to other market food items. Though many people had turned home bakers, to satiate their craving for baked items without stepping out, there was not extremely noticeable negative impact on bakery products.
As the pandemic subsides, the relaxations in rules have given an impetus to the growth of the food industry, including a boost to the bakery industry. As per a report by Research and Markets, the Southeast Asian bakery products market, which was valued at $14,368.83 million in 2021, is projected to grow at a CAGR of 7.67% during 2022 2027. The Indian bakery market which had, according to IMARC Group, reached a value of $ 10.2 Billion in 2021 was expected to reach $ 19.3 Billion by 2027, exhibiting a CAGR of 10.94% during 2022-2027.
The increase in demand has been mainly due to the rising income as well as busy lifestyles of the consumers, most of whom happen to be millennials. As their preference has been for on-the-go snacks it has resulted in packaged goods companies offering products in convenient sizes to suit their needs. These consumers are also increasingly adopting Western-style diets containing wheat and high protein content. The health consciousness has pushed companies to produce gluten-free baked goods and natural bakery products
Healthy Products
هذه القصة مأخوذة من طبعة December-January 2023 من Bakery Review.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة December-January 2023 من Bakery Review.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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Caffe Allora Expands
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Success of Bakery Outlets
The bakery and confectionery business in-modern India has a great potential This is natural considering to grow the fact that today's urban India has huge numbers of nuclear families, many of whom have very little time at their disposal to cook elaborate meals.
The Priceless Spice
To put it simply, saffron is a spice. Of course, this definition also needs to be followed by several descriptions and explanations. One of them is that saffron is the costliest spice on the planet, by weight.
The Indian Cottage Cheese
Paneer is the most in-demand dairy product in India. It is a fresh and delicate cottage cheese or milky cheese, rich in all nutrients as well as delicious in taste. In the Indian subcontinent, many people have derived a method to preserve fresh milk in the form of paneer. Paneer, the Indian cottage cheese is comparable to the popular western ricotta cheese both in terms of texture and taste.
Key Bakery Trends
One of the largest segments in the food processing sector in India, Bakery industry is poised to witness remarkable growth.
Breaking Fast
The role of breakfast in our daily routine cannot be overstated. It is perhaps the most important of all meals; a hearty breakfast can greatly facilitate to give a good and cheerful start to the day.
Market for Healthy Bakery Ingredients
The bakery market, according to IMARC, is likely to grow at a CAGR of 9.9% between 2024-2032. The growth has been mainly because the industry is aware of the consumers' growing demand for healthy low trans-fat, bakery items and is making all efforts to meet this requirement. The basic ingredients thus need to be altered and this provides a prodigious opportunity for an enterprising entrepreneur to venture into a lucrative market - The Bakery Ingredients Market. But for this the entrepreneur has to make a thorough study not only of the growing needs of the industry but also the different healthy ingredients that the industry will need in the future. Ashok Malkani deliberates on the healthy raw materials that are likely to be used by the industry, thus enabling the entrepreneurs, keen on entering the business, to succeed.
International Snacks
International snacks like doughnuts, burgers and waffles have today become common among not only the millennials but people of all ages. Their popularity has become equivalent, if not more, than that of the Indian snacks. Their adaption to suit the Indian palette, have contributed to their widespread consumption. Ashok Malkani delves on the factors contributing to their finding favour with the populace and their future.
