According to a recent report, the bakery industry is experiencing a growth of 9%. There are over a million bakeries in the unorganized sector. The market value is projected to reach $ 13.3 billion by 2025, expanding at a CAGR of 9.1% during 2020-2025. The bakery industry, today, is the third highest revenue earner among the processed foods sector in India.
The per capita consumption of bakery products, in India, is quite low as compared to the developed countries. The consumption, here, is about 2kg per annum as compared to 10-15 kg per annum in developed countries.
The Market Research Report states that the global bakery market size was estimated at $203.8 billion in 2018 and is projected to expand at a CAGR of 3.2% from 2019 to 2025.
Bakery industry is supposed to be leading above all ready-to-eat food segments. Looking at all these figures, people are keen to venture into this industry
There can be little doubt that bakery business is considered to be lucrative but it is essential for those desirous of entering this industry to not only do a market survey but also know about the problems affecting the industry.
Essentials of Starting a Bakery
To start a bakery, the first essential is the location. Besides, you must have a business plan. Creation of a business plan will force you to look at the business from every angle. This will help you not only define your business but also set goals, find ways to generate revenue, list expenses, identify your customer base and examine your competition.
To know your start up costs, you’ll need to compile a list of equipment.
The bakery equipment that you would need would be planetary mixers, spiral mixers, oven, gas, stove, cylinders, etc.
Diese Geschichte stammt aus der August-September 2020-Ausgabe von Bakery Review.
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Diese Geschichte stammt aus der August-September 2020-Ausgabe von Bakery Review.
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Success of Bakery Outlets
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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.
