Potential of a Bakery Business in India

Bakery Industry

 

India has a lot of scope when it comes to growing a bakery business especially during the pandemic. It has moreover been on the profitable side for the bakery industry. As a result of the pandemic, there has been an increase in demand for safe and functional bakery products, such as those made with multigrain, nuts, and other nutritious ingredients. Bakers around the world has adapted the healthy versions as well as not everyone wants to give in to a great amount of butter and sugar. People with lifestyle disorders like diabetes, high blood pressure, and obesity are more susceptible to the deadly infection, so consumers are buying a range of bakery items that are high on the health quotient.

However, people are still curious to know if bakery business is profitable in a country like India or what is the future that this bakery industry holds? Read on to know if this is a feasible business in India.

Challenges Faced by the Bakery Industry

Even though the bakery business is growing at an impressive pace but a business always faces some challenges of its own specially to make changes and expansion of the business to adapt to new demands. To meet the demand for healthy food, a bakery or shop should invest in making their facilities more sanitary as well as recruiting new people who are knowledgeable about such items.

India is a developing country with an enormous audience on the social media. Therefore, to use these digital platforms to reach a wider market would be a great idea for those in unorganized sector of bakery business. Currently, the organized bakery segment accounts for about 62% of the market, while the unorganized bakery segment accounts for the remaining 38%. This way, the unorganized sector will spread into a better target market too. 

Market habits are shifting as a result of the arrival of international corporations offering pizzas and burgers. The market has been occupied by a slew of local and foreign producers, and competition is heating up year after year. 

Trends and Future prospects of Bakery Business

The employment rate of bakery industry is growing with the growth of the whole sector. It is currently experiencing a growth rate of 9%. It is the largest segment of India's food processing industry, with over a million unorganized small-scale bakeries and over 2000 organized or semi-organized bakeries.

With an expected annual turnover of about $ 7.60 billion in 2020, India's bakery industry is the largest of the food processing segments. According to the IMARC Group's report, "Indian Bakery Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2020-2025," the Indian bakery market was valued at $ 7.22 billion in 2018. By 2025, the market size is expected to hit $ 13.3 billion, growing at a 9.1% annual compound rate. There has been a strong demand for organic bakery for health-conscious consumers due to the high amount of nutrients present in the organic bakery products. 

The bakery industry has a lot of potential to grow and it is already blooming in India due to the current lifestyle and demand for healthy products which has been met by the industry.

Comments

Post a Comment

Popular posts from this blog

Shrink Wrap Packaging And How To Use It? - FMT Magazine

Image
  Shrink wrap packaging is a process in which a product is packaged in a heat-shrinkable plastic film. The film is typically made of PVC, polyolefin, or polyethylene and is placed over the product and then subjected to heat, causing the film to shrink and tightly conform to the product's shape. This type of packaging is commonly used to secure and protect items such as food, books, software, and other consumer goods. The use of shrink wrap packaging has become increasingly popular in recent years due to its numerous benefits, which include improved product appearance, protection against dust, moisture, and tampering, and increased shelf life for perishable items. One of the main benefits of shrink wrap packaging is its ability to improve the appearance of a product. The clear plastic film provides a glossy, professional look that can attract the attention of customers and enhance the overall appeal of a product. The use of shrink wrap packaging also provides a layer of protect
Read more

The Benefits of Vacuum Pack Cooked Food | How to vacuum Pack Cooked Food - Fmtmagazine

Image
Vacuum pack cooked food is a great way to extend the shelf life of cooked foods. Vacuum packing removes the oxygen from the package, preventing bacteria from growing. This means that cooked food can be stored longer, saving time and money. Vacuum packing also helps to keep food fresh and flavorful, making it a great way to store leftovers.  Vacuuming your cooked foods is also a great way to save space in the refrigerator or freezer. How to vacuum pack cooked food | Fmtmagazine 1. Allow your cooked food to cool completely.  2. Place the food in a vacuum-sealable bag, leaving enough room for air to be removed.  3. Remove as much air from the bag as possible by pressing the sides of the bag together and squeezing out the air.  4. Seal the bag using the vacuum sealing machine.  5. Place the sealed bag in the refrigerator or freezer to store. Benefits   of Vacuum Packaging  | Fmtmagazine Due to its various advantages, vacuum packaging is a widely accepted method in food packaging such as: P
Read more

Is there Bugs in Peanut Butter ?

Image
  I was pondering, are there bugs in peanut butter? Is it protected to eat? Peanuts are normally inclined to aflatoxin (a kind of mycotoxin) creation during dry season pressure, in this manner turning foul. Aflatoxins are cancer-causing agents that have been disconnected from numerous food varieties, including peanut butter. They are hard to eliminate by any business handling technique, permitting them under the FDA at low focuses. These poisons might be breathed in or ingested orally, in any event, while devouring peanuts that don't taste or smell "rank." According to the Food Allergy Network, nut sensitivities have soar in western nations throughout the course of recent many years, and researchers accept these are around 1% of youngsters who presently show a response to peanuts. This isn't because of peanuts turning into any pretty much risky all alone however is somewhat possible the aftereffect of the above poisons remaining in numerous food varieties while being
Read more