Prachi Dhabal was awarded the prize by Oxford University
The confectionery business is continuously growing not only in India but across the world. If we talk about numbers, the market size is Rs 25 lakh crore i.e. $302.43 billion. Its business in India is around Rs 36,000 crore. Continuous growth is seen in this sector. In the next 10 years, the growth of this sector in India can be more than 5 percent. Young talent from India is also making headway in this business and is raising flags across the world. It has even won numerous awards in its name. Recently, Prachi Dhabal Deb from India has been honoured in London for her success in the confectionery business. Let us first try to understand this confectionery business and its market size.
How much is the global business?
The confectionery business is a very large one globally. Its size is 302.43 billion dollars i.e. more than Rs 25 lakh crore. It is expected to reach about 426.74 billion dollars in the next 10 years. Its growth is expected to be 4 percent. According to the report, the market size of this sector can increase to more than 314 billion dollars by the year 2024. According to experts, the demand for this sector is continuously increasing. From cake business to chocolate, there is a constant growth.
Your business in India
On the other hand, if we talk about India, there is currently a continuous growth in the Indian confectionery market. At present, the market size of this sector in India will be around Rs 36,000 crore by the year 2023. It can reach around Rs 58 billion by the year 2032. Compared to the global growth, the growth of the confectionery business in India can be seen doubled. According to the report, the growth of this sector in India can be 5.39 percent.
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While organizing India Week, Pune-based cake artist Prachi Dhabal Deb, who is considered a big name in the confectionery industry, was honoured. Prachi was honoured for her exceptional work in Royal Icing Art at Oxford University. She was later honoured by Naveen Shah CBE at the House of Commons of the UK Parliament. She is the first cake artist to be honoured at Oxford University. Prachi has been promoting the art of royal icing for over a decade after studying in London. She said that it is very important for me to receive such a big honour for my work. The journey so far has been challenging for me but I have learnt a lot from it.
has won world records
Prachi was honoured by Kevin McColl, Director General of the India UK Business Council at Oxford University. Born in Rewa, Madhya Pradesh, Prachi completed her schooling in Dehradun, Uttarakhand and came to Kolkata for higher studies. She has received numerous awards in pastry making. Which includes three world records certified by London along with the World Book of Records.
