The report on global baking
ingredients market provides qualitative and quantitative analysis for the
period of 2015 to 2023. According to the report the global baking ingredients market
is projected to reach USD 17 billion by 2023, growing with a CAGR between 5.0 % to
5.5 % from 2017 to 2023. The global baking ingredients market was worth USD
X.XX billion in 2015.
Figure: Global Baking Ingredients Market by Value 2015-2023
The report identified that the
global baking ingredients market is driven by factors such growing demand from
packaged food industry due to busy lifestyle of consume, changing eating
patterns of the consumer worldwide, speedy urbanization and new product innovation.
However, the restraining factors identified in the study include issues
pertaining to the contamination of raw material and strict rules and regulation
pertaining to food safety and consumer health.
Furthermore, growing demand for
organic bakery products and increased R&D activities owing to new product
innovation will bring growth opportunities for leading player. The major
challenge for bakery ingredients industry is to comply with stringent rules and
regulations pertaining to food safety.
The report segments the global
baking ingredients market by ingredients type, by end use and region. The segmentation based on type of ingredients includes baking powder and premix, baking enzymes, emulsifiers, oils and fats, starches,
colourants, flavours and others. On the basis of end-use market is segmented into breads, biscuits and cookies, cakes and pastries, and
Geographic Coverage and Analysis:
The report provides regional
analysis covering geographies such as North America, Europe, Asia-Pacific, and
Rest of the World. In this section the key trends and market size for each
geography is provided over the period of 2015 – 2023.
Europe dominated the global
baking ingredients market in terms of value and volume, with market share of
more than XX% in 2015. This is due to bakery products are daily consumed in
this region. Moreover, APAC is another promising market for bakery ingredients.
As of 2015, the region is accounted for over XX% shares in the global market
closely followed by North America at XX%. Asia Pacific expected to be the
fastest growing region over the forecast period owing to emerging economies
such as China and India. Brazil has experienced impressive growth in bakery
ingredients market over the last few years.
The companies covered in the
report include Royal DSM, Kerry Group Plc, Cargill Inc., Associated British
Food, Flower Foods, Groupo Bimbo, Danisco
(DuPont), Taura Natural Ingredients Limited, ADM, Dawn Food Products Inc.,
Muntons PLC, Flower Foods, among others.
The report provides deep insights
on demand forecasts, market trends and micro and macro indicators. In addition,
this report provides insights on the factors that are driving and restraining
the demand of baking ingredients globally as well as regionally. Moreover,
IGR-Growth Matrix analysis given in the report brings an insight on the
investment areas that existing or new market players can consider. The report provides insights into the market
using analytical tools such as Porter’s five forces analysis and DRO analysis
of baking ingredients.
Moreover, the study highlights
current market trends and provides forecast from 2017 to 2023. We also have
highlighted future trends in the baking ingredients market that will impact the
demand during the forecast period. Moreover, the competitive analysis given in
each regional market brings an insight on the market share of the leading
players. Additionally, the analysis highlights rise and fall in the market
shares of the key players in the market. This report will help manufacturers,
suppliers and distributors of the baking ingredients market to understand the
present and future trends in this market and formulate their strategies