The Baking Ingredients Market report provides that the state of competition in the industry depends on five basic forces: the threat of new entrants, the bargaining power of suppliers, the bargaining power of buyers, the threat of substitute products or services, and existing industry rivalry. Further, the report provides breakdown details about each region & countries covered in the report. For example, identifying its production, consumption, import & export, sales volume & revenue forecast.
Baking Ingredients Market by Type (Emulsifiers, Leavening Agents, Enzymes, Baking Powders & Mixes, Oil, Fats & Shortenings, Starch, Colors & Flavors, Preservatives, Fibers), Application (Bread and Sweet Bakery) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Baking Ingredients Market Overview
The global baking ingredients market is estimated at USD 16.6 billion in 2021 and is projected to reach USD 22.3 billion by 2026, at a CAGR of 6.0% from 2021 to 2028.
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Bakery ingredients are food products that help maintain freshness, softness, & taste; improve shelf life; and increase the protein content in the baked items. These items are available in different varieties in the market and are considered as the basic food for human nutrition globally. The choice of the ingredients and the compositions determine the flavor & texture of the baked food product.
There has been a spike in demand for baking ingredients, such as baking soda, baking powder, cocoa powder, and other condiments, With the recent influx of international cafe and bakery chains, on-the-go food has become increasingly popular are some of the factors that have supported long-term expansion for Baking Ingredients Market.
The novel coronavirus/COVID-19 pandemic has significantly impacted the whole food and beverages industry, among which the bakery industry was one. This pandemic has resulted in mass production shutdowns and supply chain disruptions, which have also affected the economy.
Baking Ingredients Market Regional Analysis
Asia Pacific region is expected to grow at the fastest rate in the baking ingredients market. The tides of the global baking industry are shifting as the North American and European markets are mature and new global regions are emerging with immense growth opportunities. The APAC region is expected to be a dynamic and fast-growing region for the bakery ingredients market in the coming few years.
Baking Ingredients Market Competitive Landscape
Key Players
• Cargill
• Archer Daniels Midland Company
• Associated British Foods plc
• Koninklijke DSM N.V.
• Kerry Group plc
• AAK AB
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Recent Developments in the Baking Ingredients Market
• In November 2019, Koninklijke DSM N.V. (Netherlands) launched two new solutions, BakeZyme Fresh XL and BakeZyme Master. Developed to address freshness challenges faced by bakers worldwide, these new maltogenic amylase solutions would enable the production of high-quality baked goods.
• In November 2020, the Taste & Nutrition subsidiary of Kerry Group Plc (Ireland) announced that it has reached an agreement to acquire the Canadian company Bio-K Plus International (Canada). This acquisition would expand Kerry’s portfolio of probiotics.
Reasons to Acquire Baking Ingredients Market Report
• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Baking Ingredients Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Table of Contents
Baking Ingredients Market is segmented into type, application, form component and region.
On the basis of Type
Emulsifiers
Enzymes
Starch
Fiber
Oils, fats, and shortenings
Baking powder and mixes
Preservatives
Colors & flavors
Leavening agents
On the basis of Application
Bread
Sweet bakery
On the basis of Form
Dry
Liquid
On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
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