Market Insights
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.
The global bakery ingredients market is segmented on the following basis:
By Type
- Leavening Agents
- Emulsifiers
- Baking Powders
- Enzymes
- Colors and Flavors
- Oils
- Others
By Usage
- Cakes and pastries
- Bread
- Biscuits
- Rolls and Pies
- Others
By Geography
- North America
- Europe
- Germany
- France
- UK.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East and Africa
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 the following:
- An overview of the global bakery ingredients market
- Market trends assessment for the period 2016-2023, with historical information for 2013 and 2014 and projections through 2023, with respective CAGRs during 2016-2023 and 2015 as the base year
- Qualitative assessment tools such as market drivers, challenges, and future prospects, and competitive analysis: market positioning of key market players
- Focus on each level of market segmentation based on product approvals, launches, and current and anticipated market dynamics.
- A general overview of the industry structure
- Company profiles, highlighting key information about the major players operating in the global bakery ingredients market,
- This report includes an estimation of market sizes for value. Both top-down and bottom-up approaches have been used to estimate and validate the size of the bakery ingredients market.
