Demand for bakery products has been increasing constantly. According to Research Markets, the Indian bakery market size had reached S 12.6 billion in 2023 and was expected to grow, at a CAGR of 9.9%, during 20232032, to reach $ 29.4 billion by 2032.
The growth in this sector has been mainly due to urbanization, increasing disposable incomes and adoption of western culture by people. However, over the past few years during the pandemic and post-pandemic - consumers have been choosy about food and are increasingly opting for healthy and nutritious foodstuff. Baked food is becoming the preferred choice. Bakeries have to pay heed to this desire of consumers.
And one way of satisfying this requirement is by using healthy ingredients! Bakeries, aware of this trait of consumers for healthy bakery products, have increased usage of healthy ingredients. For an enterprising entrepreneur, keen on entering the bakery industry, there is an attractive option of venturing into nourishing and healthful ingredients market for the wide-ranging bakery products.
One may mention that the scope of incorporation of health-efficient ingredients in bakery products is leading to new product launches and market expansion activities. Several bakeries, to allure customers who are health conscious and are looking for bakery products that are tasty as well as having healthy ingredients, are using clean-label ingredients, such as non-GMO (genetically modified organism) and nongluten products.
This story is from the June - July 2024 edition of Bakery Review.
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This story is from the June - July 2024 edition of Bakery Review.
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