Bakery Ingredients Market: Global Size, Share, Trends, Growth and Forecast, 2022-2032
Bakery Ingredients Market: Overview and Definition
Bakery ingredients are raw materials used in the production of bakery products, such as bread, cakes, cookies, and pastries. These ingredients can include flour, sugar, yeast, baking powder, fats and oils, emulsifiers, enzymes, and other additives.
The global bakery ingredients market is driven by the growing demand for bakery products, as well as the increasing demand for natural and healthy ingredients. Consumers are increasingly looking for bakery products that are free from artificial additives and preservatives, and that use natural and organic ingredients.
In addition, the growing trend of convenience foods and on-the-go snacking is driving the demand for bakery products, such as bread and pastries, that can be easily consumed on-the-go.
The bakery ingredients market is also influenced by changing consumer preferences and tastes, as well as new product development and innovation. Manufacturers are increasingly using innovative ingredients and flavors to create new and differentiated bakery products that appeal to consumers.
However, the bakery ingredients market also faces challenges, such as the rising cost of raw materials, food safety concerns, and regulations related to the use of additives and preservatives.
Overall, the global bakery ingredients market is expected to continue to grow in the coming years, driven by the increasing demand for bakery products and the growing trend of natural and healthy ingredients. The development of new and innovative bakery ingredients and the expansion of the bakery industry in emerging markets are also expected to drive the growth of the market.
Bakery ingredients refer to the products which are used in bakery foods such as bread, cookies. These items include baking powder, oils & fats, enzymes, emulsifiers, among others. Bread and cake are most popular bakery items across the globe. With the rising demand for cakes, biscuits, and bread, bakery ingredients market is growing at a significant rate.
The global Bakery Ingredients Market is anticipated to flourish at a CAGR of 5.6% during the forecast period i.e. 2020-2025. Moreover, the market was held at USD 14.8 Billion in 2019 and is expected to reach USD 19.3 Billion by the end of 2025.
Growth Drivers
Rising Demand for Baked Goods
Rapid adoption of westernized lifestyle, rising number of middle-income families, increasing disposable income, and growing focus of people towards healthier lifestyle are anticipated to impel the growth of global bakery ingredients market. In various nations across the globe, breads are essential part of consumer’s food basket. This habit is not expected to change in the years ahead.
Across the forecast, manufacturers are putting efforts in improvements including taste, and quality. Players are also working on diversification and launching wide variety of bakery foods to satisfy consumer demands. Given these circumstances, demand for healthier raw bakery ingredients is set to increase in years ahead.
Increasing Adoption of Baked Goods Among Working People
Owing to hectic schedules, most consumers are used to long work hours and short average mealtimes. On the go breakfast consumption has witnessed rise in recent years. Further, rising innovation and launch of new products with improved taste and texture is also envisioned to bolster the growth of global bakery ingredients market during the forecast period. Furthermore, consumers are looking for higher quality and greater novelty of new baked goods and are willing to pay higher prices.
Segmentation
The research offers a comprehensive analysis of bakery ingredients market with respect to following sub-markets:
By Type
- Enzymes
- Emulsifiers
- Leavening Agents
- Baking Powder & Mixes
- Oils, Fats, and Shortenings
- Colors & Flavors
- Others
By Application
- Cookies & Biscuits
- Rolls & Pies
- Cakes & Pastries
- Bread
- Others
By Geography
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
The report profiles various major and niche market players such as;
- Cargill
- E. I. Du Pont De Nemours and Company
- Dawn Food Products, Inc.
- Kerry Group PLC
- Corbion
- Archer Daniels Midland Company
- Tate & Lyle
- Taura Natural Ingredients
- Dawn Food Products, Inc.
- Other Major & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.
The study also provides company’s positioning and market share in Bakery Ingredients market.
Timeline Considered for Analysis:
- 2019: Base Year
- 2020 to 2025: Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global Bakery Ingredients market by the following segments:
- Type
- Application
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Bakery Ingredients Industry Report:
- What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?
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- Publication date: 19th February 2023
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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