Potential of a Bakery Business in India

1. Potential of a Bakery Business in India

2. 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. Potential of a Bakery Business in India

3. 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. Challenges Faced by the Bakery Industry

4. 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 Trends and Future prospects of Bakery Business