The market for Bakery Ingredients Market is expected to reach US$ XX Bn By 2023.
The bakery industry is one of the most rapidly growing segments all across the globe. Changing food habits in urban areas due to a changing lifestyle and enhanced standard of living have resulted in the robust growth of the bakery industry all over the world. The ingredients in bakery products possess different functionalities, such as maintaining freshness, emulsification, and protein strength.
The global bakery ingredients market is growing at a rapid pace and is anticipated to attain significant growth over the next seven years until 2023. Increasing demand for nutritional content in baked foods, the movement to convenience foods from conventional home-cooked foods, changing lifestyles, and the rising popularity of eating healthy food are expected to fuel the growth of the bakery ingredients market through 2023.
At present, the Europe region captures the maximum share in revenue from the bakery ingredients market and is anticipated to dominate over the forecast period. Bakery ingredients, which include baking powder, enzymes, and leavening agents, are among the most significantly used ingredients in the region. Over the next few years, the Asia-Pacific region is anticipated to observe robust growth. Increasing per capita consumption of baked foods in 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.
By Type
By Usage
By Geography
British Bakels Ltd., Associated British Foods plc., Caravan Ingredients, Muntons plc., Dawn Foods Ltd., Cargill Incorporated, Kerry Group Plc., DuPont, DSM, and others
The market for Bakery Ingredients Market is expected to reach US$ XX Bn By 2023.
The Bakery Ingredients Market is expected to see significant CAGR growth over the coming years, at XX%.
The report is forecasted from 2016 – 2023.
The base year of this report is 2015.
British Bakels Ltd., Associated British Foods plc., Caravan Ingredients, Muntons plc., Dawn Foods Ltd., Cargill Incorporated, Kerry Group Plc., DuPont, DSM are some of the major players in the global market.