Sweets hold a special place in the hearts of Indians. It is believed that all things that go into making sweets are pure hence they are offered to gods in temples and form an important ritual in offerings by individuals to Gods. Sweets are also a sign of hospitality.
Sugar and desserts have a long history in India. It is believed that people in India had developed technology in 500 BCE to produce sugar crystals called khanda, which is the source of the word candy. Indians thus have a long history of a sweet tooth. But this phenomenon of sweet tooth is not just confined to India but is rampant all over the globe today.
Confectionery from cakes to candies - is extremely popular with all age groups. No wonder there is a constant growth in the confectionery market and new entrepreneurs are keen to venture into this arena. According to Statista Market Insights, revenue in the Confectionery & Snacks market amounts to $110.90bn in 2023. The market is expected to grow annually at a CAGR of 8.96% between 2023 & 2028.
Types of Confections
For an entrepreneur planning to enter the confectionery industry, it must me mentioned that confectionery is the art of making confections by using sugar and a carbohydrate-based binding medium. There are various types of confections. Broadly speaking, they can be divided into following categories:
Flour Conceptions: Comprise of cakes (which are also made by home bakers), tarts, doughnuts, cookies, sweet pastries, or any similar confection made by using flour.
Sugar Confections: These comprise of candies, chewing gums, and jellies. Colour and sugar is their main ingredient. They have longer shelf life as compared to other confections.
Chocolate Confections: Cocoa powder and chocolate syrup are the main ingredients for these confections. They require refrigeration during warm climate.
Denne historien er fra April-May2023-utgaven av Bakery Review.
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Denne historien er fra April-May2023-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
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.
