![Bakery Equipment A Growing Business](https://cdn.magzter.com/1350383120/1717058985/articles/6Rd_Wrp851717068196827/BAKERY-EQUIPMENT-A-GROWING-BUSINESS.jpg)
Bakery industry is thriving in India. The industry has been flourishing in recent times due to the consumers' increasingly opting for bakery products, which are considered to be more healthy. This has had a snowballing effect on the industry. According to IMARC the Indian bakery market size was approximately $ 12.6 Billion in 2023. Besides the health food fad, the increasing penetration of Western food trends and the growing popularity of cakes, bread, biscuits, cookies, donuts, pies, etc. have contributed to the growth.
The increasing demand for bakery products has resulted in the spread of bakeries in almost all parts of the country. There has thus been a plethora of bakeries coming up in India. According to Rentech Digital there are a total of 1,22,499 Bakery and Cake Shops in India as of April 20, 2024. And they are not small hole-in-the wall enterprises. There are 49,159 5-star rated Bakery and Cake Shops. Besides this there are 17,627 4-star, 3,402 3-star, 690 2-star and 1,253 1-star rated Bakery and Cake Shops.
With such a high number of bakeries of different categories there is an ample opportunity for bakery equipment manufacturers. One can say the industry is equipped to accept enterprising entrepreneurs in the bakery equipment sector. However, when one is planning to enter the bakery equipment industry one has to take into consideration the needs of the global bakery industry too. Rising demand for baked goods across the world is playing a key role in driving the global bakery processing equipment market.
This story is from the April - May 2024 edition of Bakery Review.
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This story is from the April - May 2024 edition of Bakery Review.
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