Overview:
Bakery industry is one of the rapidly growing segments all across the globe. Changing food habits in urban areas, due to changing lifestyle and enhanced standard of living has resulted in robust growth of bakery industry all over the world. The bakery ingredients possess different functionalities such as maintaining the freshness, emulsification and strengthening of protein.
The global bakery ingredients market is growing at a rapid pace and is anticipated to attain significant growth over the next seven years till 2023. Increasing demand for nutritional content in baked food, movement to convenience foods from conventional home cooked food, changing lifestyle and rising popularity of eating healthy food is expected to fuel the growth of bakery ingredients market till 2023.
At present, Europe region captured the maximum share in revenue of bakery ingredients market and is anticipated to dominate over the forecast period. Bakery ingredients which include baking powder, enzymes and leavening agents are amongst the most significantly used ingredients in the region. Over the next few years, Asia Pacific region is anticipated to observe a robust growth. Increasing per capita consumption of baked foods in the countries such as India and China is expected to impel the growth of the market over the forecast period.
The global bakery ingredients market is mainly concentrated in Europe. Major players are adopting different market strategies to enter and enhance their market position and distribution network.
Global Bakery Ingredients Market is segmented on the following bases:
Key Players Identified Across the Value Chain in the Bakery Ingredients Market include but are not limited to:
British Bakels Ltd, Associated British Foods plc, Caravan Ingredients, Muntons plc, Dawn Foods Ltd, Cargill Incorporated, Kerry Group Plc, DuPont, DSM, and others.
This report offers:
