The legacy of milk consumption in India is unique. A glass of milk in India goes from sehat (health) to suhaag raat (wedding night). India, which accounts for 1/5th of global milk production, is the world’s largest producer of milk. According to the latest report by IMARC group, dairy market reached a value of Rs. 11,360 billion in 2020 and is expected to cross Rs. 21,971 billion by 2024.
However, it would be incorrect to state that the lockdown and the pandemic have left the dairy industry unaffected. The lock down and the pandemic have affected all industries, including the dairy industry. Milk, a commodity which is supposed to be the life blood of the country, consumed not only in its natural format but also in value added dairy products, was adversely affected too.
A part of this effect was due to the lock down of the restaurants, hotels, sweet marts and the unorganized food stalls. The milk consumption fell by 25-30% during April-May 2020, due to the adverse effect of the lockdown. Gujarat-based Amul claimed that lockdown had resulted in 25% drop in demand. R.S. Sodhi, Managing Director, Amul, has stated that the exodus of migrant workers, from places like Delhi, Ahmedabad, Surat, et al., back to their villages would have an impact on the demand.
Pandemic Problems
The restrictive measure imposed by various countries for controlling the pandemic has given a jolt to the global economy. Since dairy is one of the most vulnerable sectors the disruptions caused by restrictive measures is expected to have repercussions on the industry.
This story is from the December - January 2021 edition of Bakery Review.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December - January 2021 edition of Bakery Review.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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.
