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
This story is from the February/March 2017 edition of Bakery Review.
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This story is from the February/March 2017 edition of Bakery Review.
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