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.
Denne historien er fra October - November 2023-utgaven av Bakery Review.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra October - November 2023-utgaven av Bakery Review.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
My Approach is Both Strategic and Creative, Aiming to Inspire and Innovate
Ravi Rawat is the newly appointed Assistant Pastry Chef at Sheraton Grand Bengaluru Whitefield Hotel and Convention Center.
The Freezer Aisle Secret: Why Frozen Vegetables Might Be Your New Go-To
We often buy vegetables from local vendors, but how much do we really know about their origin and safety? Fresh produce has long been seen as the pinnacle of healthy eating, but there's a surprising contender: Frozen Vegetables.
Quintessence of Christmas Baking
Most festivals around the world have dedicated foods - easter eggs, Eid sweets or mutton, Holi sweets and Diwali specialities.
Berry Teeming with Health
Cranberries can be described as a group of evergreen dwarf shrubs or trailing vines, going up to 2 metres in length.
The Proof of the Pudding
They say the proof of the pudding is in the eating. Well, this age-old proverb holds true for all things and persons in life, which also includes pudding.
Market for Cookies
Cookies are gaining ground. According to Al Review cookie market which was valued at Rs. 405.29 billion in 2023 was expected to grow at a CAGR of 5.9% from 2024 to 2032. Institute for Industrial Development IID) is of the view that cookies manufacturing is one of the lucrative businesses. It believes that one can make a profit of up to 12-15 per cent. It thus provides an ideal opportunity for an intrepid entrepreneur to venture into this business. Ashok Malkani views different aspects of the industry like its growth potential, challenges faced by the market, and the basic necessities essential for an entrepreneur to enter into this lucrative arena.
Smoothies The Superb Superfood...
Smoothies have become popular over the past decade. Modern smoothie, which is believed to have been invented in the United States, made its way to India through a Smoothie chain in 2016. Hyderabad based, Drunken Monkey, which started in 2016 with its first smoothie bar, now has over 100 stores. One can gauge the popularity of this drink by this fact. Today, India is believed to have about 7000 smoothie bars, cafes and bakeries. The rise of smoothie culture is believed to have been driven by several factors like health awareness, disposable income, convenience, et al. Ashok Malkani delves on various aspects of this drink.
Bakels Launches Renshaw in India
Bakels, a global leader in the bakery ingredients industry, proudly announced the launch of Renshaw in India at a event held at the Bakels Baking Center.
Premium Chocolate Meets Ice Cream
SMOOR, the country's most preferred luxury confectionery brand, has announced its collaboration with Hangyo Ice Creams.
Cothas Coffee Completes 75 Glorious Years
Cothas Coffee, a household name in coffee, completes 75 glorious years of serving the best filter coffee to coffee lovers across Karnataka and India.
