Vegan Baking Ingredients Market is anticipated to grow at a CAGR 7.0% during the forecast period. The vegan baking ingredients market is growing significantly with the increasing demand for vegan baking essential due to increasing awareness toward its health benefits all across the globe. The vegan lifestyle is now being adopted by a significant base of the population across the globe which is surging the demand for plant-based baking products. Moreover, the increasing availability of dairy baking alternatives in the market is also significantly promoting the growth of the vegan baking ingredients market.

Additionally, online stores are also utilizing the vegan baking market opportunity by offering a range of vegan baking ingredients to their raising customer base. Moreover, a positive trend toward veganism is expected after the COVID-19 pandemic which will further augment the market growth. However, the consumption of baked is lowering down in recent years due to the associated health problems such as increased blood sugar level, indigestibility, obesity, and many more. This is anticipated to restrict the growth of the vegan baking ingredient industry during the forecast period.

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Market Coverage

Market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others

Vegan Baking Ingredients Market Segmentation

By Product

Emulsifier
Colors & Flavors
Raising Agents
Edible Oils
Others (Starch, Enzymes)

By End Product

Cakes & Pastries
Bread& Rolls
Biscuits & Cookies
Others

By Type

Organic Ingredients
Conventional Ingredients

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Regional Analysis

North America          

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific   

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Middle East & Africa
Latin America

Company Profiles

Abel & Schafer Inc.
Andrew Ingredients Ltd.
Associated British Foods plc
B&G Foods, Inc. (Clabber Girl Corp.)
Bakels Group
BASF SE
Dawn Food Products, Inc.
Dealers Ingredients Inc.
DuPont de Nemours, Inc.
Fuji Plant Protein Labs Inc
Kerry Group Plc
Natural Candy Store
Nestle S.A.
Palsgaard A/S
Puratos Group
Unilever PLC

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