As per Expert Market Research, a world-renowned market research company, the bakery industry in India is pegged to grow at a CAGR of 8.5% between 2021 and 2026 and reach a value of USD 12.39 billion by 2026.
These developments not only showcase the resilience of the F&B industry in Kolkata but also present an array of prospects for collaboration and partnerships.
According to FSSAI guidelines, the limit for Total Polar Compounds (TPC) to be maximum 25% beyond which the vegetable oil is not suitable for use. Hence, RUCO (Repurpose Used Cooking Oil) is converted into biodiesel. And, restaurants partners with agencies and firms to promote and donate to sustainable practices.
The market for alcoholic beverages is expected to grow at a CAGR of 7.98 per cent to reach USD 52.5 billion in revenue during the forecast period 2023 to 2025.
The fine dining scene in India is undergoing a shift towards sustainability. Restaurants are prioritizing local ingredients, minimizing waste, and creating menus that showcase seasonal flavors.
In 2023, contactless experiences, personalization, sustainability, health and wellness, and social responsibility will be some of the top trends that will shape the industry.
This has pushed our imagination as an industry and we see a lot more brands popping up and the ecosystem that will help them thrive largely the new age bars, restaurants and events like the cocktail weeks and gin fests which are popping up.
From keeping local, natural and homegrown at the forefront to rise of plant based items on the menu and eventually brands trying hands on mock meat based items.