Project report for Pastries

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Introduction

As one of the largest segments in the food processing sector in India, the bakery industry offers huge opportunities for growth, innovation, and job generation. Separated into three categories, bread, biscuits, and cakes and pastries, the bakery industry. Changing consumer habits and lifestyle are shaping the bakery industry in India. Part of a global trend, there is greater demand for healthier products and alternatives, particularly when it comes to bakery goods which are now more commonly consumed daily as opposed to being a treat. Considering all factors, the average profit that you can earn from a bakery business on a small-scale will be around Rs. 60,000 to 1.2 Lakhs per month. It must be noted that the profit earned will depend on the number of bakery items that you prepare.

Pastry is differentiated from bread by having a higher fat content, which contributes to a flaky or crumbly texture. A good pastry is light and airy and fatty, but firm enough to support the weight of the filling. When making a short crust pastry, care must be taken to blend the fat and flour thoroughly before adding any liquid. This ensures that the flour granules are adequately coated with fat and less likely to develop gluten. On the other hand, overmixing results in long gluten strands that toughen the pastry.

Market potential & Strategy

The Indian bakery market was valued at INR 5, 70,27,36,00,000 in 2020 and is expected to grow at an annual rate of 8.5 per cent and reach a value of INR 9, 29,69,60,40,000 by 2026. The Indian pastries market is witnessing robust growth due to the growing popularity of customizable pastries and the increasing demand for innovative food products. Increasing consumption of ready-to-eat foods across the globe owing to hectic lifestyle is expected to fuel the product demand over the forecast years. The bakery market share is expected to increase by INR 1, 24, 17,70,76,40,000 from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6.12%. East and North India are the regions with the highest consumption rate of pastries in the country. Maharashtra and West Bengal, being the most industrially developed states, hold the highest rate of pastry consumption. These products are rapidly gaining popularity owing to their pleasant taste and health-benefits as they are made from a variety of grains such as rye, maize, wheat, and oats among others. The other ingredients used for baking include water, eggs, baking soda and powder, nuts, and additives. As bakery products provide both convenience and affordability to the consumers, their consumption level has witnessed a rise in the past few years.

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