Jaggery and Confectionary

Jaggery is an unrefined natural sugar that is produced without adding any chemicals. More than 70% of the total world jaggery production is done in India. Jaggery is popularly known as the “medicinal sugar” and is nutritionally comparable with honey. It has been used as a sweetener in Ayurvedic Medicine for 3000 years. Indian Ayurvedic medicine considers jaggery to be beneficial in treating throat and lung infections. While refined sugar mainly consists of glucose and fructose, jaggery contains glucose and sucrose. But jaggery also has minerals and vitamins which lack refined sugar. The mineral content of jaggery includes calcium, phosphorus, magnesium, potassium and iron and traces of zinc and copper. The vitamin content includes folic acid and B-complex vitamins. Thus, other than that it is a good source of energy, it also prevents rheumatic afflictions; prevents disorders of bile; helps in relieving fatigue, relaxation of muscles, nerves and blood vessels; maintains blood pressure and reduces water retention; increases hemoglobin level and prevents anemia. Bakery and confectionery products are furnished with nutrients, vitamins, and proteins. These are offered in a spectrum of delicious stuff in baked products like biscuits, bread, cakes, pastries, buns, rusks and rolls, etc.

Another side of the items ranges to chocolates, hard-boiled sweets, chewing gum, etc. Revenue in the Bread & Bakery Products segment amounts to US$154.30bn in 2022. The market is expected to grow annually by 7.90% (CAGR 2022-2027). The Indian bakery market stood at a value of nearly USD 7.60 billion in 2020. The market is further estimated to grow at a CAGR of 8.5% between 2021 and 2026.

Revenue in the Bread segment amounts to US$46.65bn in 2022. The market is expected to grow annually by 8.15% (CAGR 2022-2027). India bread market is projected to grow at over 10% and reach nearly $1.4 billion by FY 2026 on account of rising awareness about healthy lifestyle. India Biscuits Market is growing at the CAGR of 12.4 % and touched USD 5,151.2 Million in 2020. The market is expected to reach USD 11,792.3 Million by 2027.

The individual products under this sub-head are as below:

Cane Jaggery
Palmyra Jaggery
Raw Cane Jaggery
Sugar Confectionery
Chocolates
Chewing gum

India Facts and Figures :
As the major producer of Jaggery, the country has been recognized as one of the leading traders and exporters of Jaggery to the world. India exported 551,716.76 MT of jaggery and confectionery products to the world for the worth of Rs. 2,797.84 Crores/ 375.20 USD Millions during the year 2021-22.
Major Export Destinations (2021-22) : Indonesia, Tanzania, Nigeria, U Arab Emts, Nepal and USA.