This also made the bakers turn to new ingredients as the consumers became more aware of healthy food. Today, the cookies are proving extremely popular and the global market size for cookies is expected to touch $ 44.01 billion by 2025. According to Barry Callebaut in the 52 week period ending August 2022, sales in the cookies category reached $10.8 billion, a 9.4% increase in one year! This is indeed going to tempt many enterprising entrepreneurs to venture into this field. Ashok Malkani examines the market and various other aspects for the convenience of these entrepreneurs.
Mention cookies and you have everyone from kids to the elderly - drooling. Besides the delectable taste cookies are also good for your soul. Studies have revealed that people who consume a cookie once a week (minimum) live a happier and more satisfying life! Sharing cookies is much easier than sharing sweets or desserts. Love for cookies has today made cookies one of the fastest selling bakery products across the globe.
The global cookies market, estimated to grow at compound annual growth rate (CAGR) of 5.5 per cent from 2019 to 2025, is expected to reach $ 44.01 billion. by 2025. According to a report by Grand View Research, rapid urbanization along with increasing disposable income levels in emerging economies, such as China and India, is projected to boost the product demand all across the globe.
The availability of a wide variety of cookies as a snack is one of the reasons for the rapidly rising demand for cookies. This ready-to-eat snack is consumable at any time during the day. In addition, these delectable delicacies are available at different prices, flavours, sizes, or quantities and with attractive packaging, which makes them convenient to store and carry and hence they are preferred by majority of the population thereby augmenting the market growth.
Esta historia es de la edición October - November 2023 de Bakery Review.
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Esta historia es de la edición October - November 2023 de Bakery Review.
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Caffe Allora Expands
Caffe Allora, the renowned Italian bistro, unveils its latest venture with the opening of its sixth outlet at Phoenix Mall of Asia, Bangalore.
Atelier V Expands Offerings
Indore's fine dining restaurant, Atelier V, launched its brand new breakfast menu. Crafted by the acclaimed chef and owner Vedant Newatia, this innovative spread caters specifically to patrons who crave a truly delicious start to their day.
Indulge in 'Nostalgia'- The Old School Bakery
Bandra's newest Nostalgia Cafe and Bakery, where your dreams come true to relive the simpler moments as you indulge in a few nostalgic snacks and comfort drinks.
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.
