Ample Opportunities in Indian Bakery Market

Bakery industry is making a quantum leap and undergoing radical transformation, thanks to soaring consumerism towards nutritious food products and cautiousness about health, leading the most of the bakery products to shoot up.

 

Indian bakery sector is the largest among food processing industry, is valued at over USD $69 billion, growing spectacularly at 7 per cent and expected to reach 8 per cent by 2010.

 

However this flourishing Industry is still in a nascent stage, offering wide scope for bakery ingredients market to grow along with. Bakery related ingredients market will almost double from revenues of about USD $161.4 million in 2007-08 to USD $278.1 million in 2014.

 

There are effective solutions to achieve cost savings

 

Purchase: Try to procure the raw materials in bulk from tax and excise duty free area.

 

Outsourcing: You can also outsource the raw materials like Palm oil ,Sugar ,flour as well as outsource the processes such as grinding and packing.

 

Logistics: As you know that transportation is now very high whether it is inbound or outbound. So it is important to build strong transport management so that inexpensive kind of transportation can be selected.

 

Packaging: packaging material is also crucial factor in terms of cost.

 

Automation: It is fact that automating the process can produce considerable savings.

 

These are the areas where we can cast focus in order to cut down the manufacturing cost so that our products should stand competitive. 

 

All India Bread Manufacturers Association(AIBMA) asserts that per person consumption of bread across India is only about 1.75 kg.

 

Meticulous analysis of regional consumption of bread denotes, southern states is at top with 32 per cent, Northern, Western, and Eastern states consume around 27%, 23%, 18 percent respectively.

 

Rapidly growing population and mounting middle class income are the significant drivers for the wide expansion of the the industry, so it is not uphill task to make substantial profits out of Bakery market, if managed properly and sensibly.