The Indian bakery industry is going through impressive growth rate. The reasons are probably the huge number of nuclear families in urban India and the fast-paced lifestyles of a sizeable section of urban Indians in post-modern urban Indian society, the steady increase in disposable incomes in select but sizeable pockets of urban India since the last decade-and-a-half, and the changing lifestyles and eating habits of a great many Indian consumers due to the effect of globalisation. As the bakery sector progresses, the demand for bakery ingredients also increases, providing opportunities for aspiring entrepreneurs to enter this field. Ashok Malkani examines the needs of the Indian bakery industry, with respect to the ingredients.
The Indian bakery industry is not only growing impressively, it has huge potential for growth. Today, the country has more than 2,000 organised or semi-organised bakeries and 1,000,000 unorganised bakeries.
Besides the large scale, medium scale and small scale manufacturers of bakery products in the organised sector, India also has a plethora of single store bakeries in the unorganised segment of the Indian bakery industry. We also have growing number of home bakers who cater to special demands in the neighbourhood for cakes, cookies, etc. The demand for bakery products in India is being fueled by the young generation who are demanding tasty and healthy palatable food without willing to spend much time and effort.
With the demand for bakery products growing exponentially across the country over the past few years, the Indian bakery industry has been experiencing an upward movement with changes in product pattern as per emerging trends.
Moreover, the fact that the per capita consumption of bakery products in India is much less than that of the developed countries, gives the Indian bakery industry a huge growth potential.
The rising demand for bakery products necessitates a corresponding growth of the bakery ingredients sector to meet the increasing demand of the bakery products. This is very much true for the Indian bakery industry also. No wonder, the demand for bakery ingredients is thus rising in the country, providing opportunity to new entrepreneurs to enter the area of bakery ingredients.
Market for Bakery Ingredients
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Denne historien er fra February/March 2017-utgaven av Bakery Review.
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Caffe Allora Expands
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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.
