A Report On Bakery Industry
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Answer:
The bakery industry in India is the largest of the food processing segments with an estimated annual turnover of about $ 7.60 billion in 2020. The growth and spread of the bakery market is largely driven by a thriving biscuits and cookies industry. The biscuits and cookies industry accounts for nearly 72% of the sales in the Indian bakery market. The penetration of cookies and biscuits in both the urban and the rural market is increasing owing to their affordable price and ready to eat nature.
Answer:
The bakery industry in India is the largest of the food processing segments with an estimated annual turnover of about $ 7.60 billion in 2020. The growth and spread of the bakery market is largely driven by a thriving biscuits and cookies industry. The biscuits and cookies industry accounts for nearly 72% of the sales in the Indian bakery market. The penetration of cookies and biscuits in both the urban and the rural market is increasing owing to their affordable price and ready to eat nature.
India is the second largest producer of biscuits in the world. However, it is the world's largest biscuit consuming nation with an estimated turnover of $ 4.65 billion in 2020. Bread and biscuits form the major baked foods accounting for over four-fifths of total bakery products produced in the country. India enjoys a comparative advantage in manufacturing, with an abundant supply of primary ingredients and cheap workforce, which support the growth of the industry.