The Indian bakery industry has been growing at a rapid pace due to the busy lifestyles, changing eating habits and western influence, particularly among the millennial. The rising health consciousness, not only of the millennial but of consumers of all ages, has encouraged manufacturers to focus on healthier products like brown, multi-grain and whole wheat breads. Environmental concerns are also increasing sales of organic bakery products. The rapid growth of the bakery industry and the quick changes that are taking place provides an opportunity for entrepreneurs to venture in the bakery ingredients market which is in a fast-growth mode. Ashok Malkani looks at the changing scenario in the bakery industry and the ingredients commonly used by the bakery industry, to help entrepreneurs planning to enter the bakery ingredients’ arena.
The Indian bakery industry is in a growing phase. Harsha Bhagwat, executive sous chef, Rich Graviss, while speaking at ‘Rich’s Gourmet Guide - The Bakers’ Lounge’, some time back in Mumbai, said, “As far as the size of the bakery market is concerned, Tier-I and II cities are growing, but in Tier-III cities, there is a boom. There has been a shift from mainstream breads, toasts and khari to cakes. There is immense growth and potential in the bakery industry.”
It may be mentioned that the Indian bakery market reached a value of $7.22 Billion in 2018. Bakery is one of the largest food industries comprising of different products like breads, biscuits, pastries, cakes, buns, rusks, etc. Most of these products, due to the changing lifestyle of Indians, are gaining in popularity trends.
India, with its growing population and increasing disposable incomes, is the major market for the baked goods, and bakery ingredients. Consumers are willing to pay more for a healthier profile in the bakery products, which drives the growth of this market. The growth in the Bakery industry has been rapid. It may be mentioned that India has over 2,000 organised or semi-organised bakeries and 1,000,000 unorganised bakeries.
India’s bakery industry, which generally includes biscuits, cakes, pastries, flatbread, tortilla, bun, croissant, etc., has been growing at a rapid pace owing to their pleasant taste and health benefits as they are made from variety of grains such as rye, maize, wheat and oats, among others.
Denne historien er fra April - May 2019-utgaven av Bakery Review.
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Denne historien er fra April - May 2019-utgaven av 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
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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.
