Start a home-based specialty baking business
Posted: Sat Dec 14, 2024 6:26 am
Business ideas that take advantage of the senses are having a very good few years. This, combined with the growth of platforms such as Uber Eats, Glovo and Just Eat, have created a market of opportunities for baking and food in general.
The current reality : Instagram reached 2.3 billion users israel email list in the third quarter of 2022. In the same period, TikTok reached 1.5 billion . These social platforms are not going away from our lives. Neither is their visual content. The market wants more and more.
Why is this an opportunity? The food delivery market is growing rapidly. In the United States alone, it went from $18.5 billion in 2019 to $22.7 billion in 2020. Based on these and other data, a compound annual growth of 10.4% is projected from 2022 to 2028 (US market). The picture is very similar in the European and Latin American markets, where food delivery services are trending.
Now, what is the appeal of specialty baking? Social media is not only benefiting brands with aesthetic value but also multiple alternative food trends. Some examples are gluten-free baking, fitness baking, and baking for weddings and events.
Where to start? If you consider yourself a creative person with a penchant for cooking, this is a business idea to take action on. There is a necessary investment in kitchen equipment, so research what you need and look for prices in your city. You can start in a private location (without access to the public) to only sell at home, which will reduce your operating costs. Design a brand and produce content around your products. Lots of content about attractive products.
The current reality : Instagram reached 2.3 billion users israel email list in the third quarter of 2022. In the same period, TikTok reached 1.5 billion . These social platforms are not going away from our lives. Neither is their visual content. The market wants more and more.
Why is this an opportunity? The food delivery market is growing rapidly. In the United States alone, it went from $18.5 billion in 2019 to $22.7 billion in 2020. Based on these and other data, a compound annual growth of 10.4% is projected from 2022 to 2028 (US market). The picture is very similar in the European and Latin American markets, where food delivery services are trending.
Now, what is the appeal of specialty baking? Social media is not only benefiting brands with aesthetic value but also multiple alternative food trends. Some examples are gluten-free baking, fitness baking, and baking for weddings and events.
Where to start? If you consider yourself a creative person with a penchant for cooking, this is a business idea to take action on. There is a necessary investment in kitchen equipment, so research what you need and look for prices in your city. You can start in a private location (without access to the public) to only sell at home, which will reduce your operating costs. Design a brand and produce content around your products. Lots of content about attractive products.