Reliable Data You Can Trust
Reliable Data You Can Trust
A recent
report published by Infinium Global Research on the baking ingredients market
provides an in-depth analysis of segments and sub-segments in the global and
regional baking ingredients market. The study also highlights the impact of
drivers, restraints, and macro indicators on the global and regional baking
ingredients market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecasts, and dollar values of the
global baking ingredients market. According to the report, the global baking
ingredients market is projected to grow at a CAGR of about 6% over the forecast
period of 2022-2028.
The global
baking ingredients market was valued at about USD 17 Billion in 2022 and is
expected to reach about USD 25 Billion in 2028, with a CAGR of about 6% during
the forecast period. Bakery ingredients are food products that help maintain
freshness, softness, & taste; improve shelf-life; and increase the protein
content within the baked items. These items are available in several varieties
within the market and are considered an essential food for human nutrition
globally. The selection of the ingredients and also the compositions determine
the flavor & texture of the baked nutrient. The demand for products, like
bread and biscuits, is increasing at a big rate and is anticipated to produce
lucrative growth opportunities for the expansion of the worldwide ingredients
market during the forecast period. Within the mature bakery ingredients markets
of North America and Europe, the demand for bakery ingredients exhibiting
health benefits and containing lesser or negligible artificial constituents is
increasing massively.
Growth
within the frozen bakery products market also will boost the consumption of
baking ingredients during the forecast period. The rise in acceptance of frozen
bakeries is thanks to factors like convenience, speed of preparation, easy
product availability, and low costs. the growth of the baking ingredients
market is additionally supported by the rise in demand from coffee shops and
little and large-scale food chains. Frozen bakery products are expected to
achieve potential demand in emerging countries like India and China, as a
result of the increase in income and buying power parity (PPP) of the growing
population of those countries. Increasing consumption of bakery products and
confectionery is anticipated to propel the growth of the market during the
forecast period. Furthermore, the Growing trend of veganism and vegetarianism
among consumers will create a growth opportunity during the forecast period.
However, stringent regulations and international quality standards will hamper
the expansion of the market during the forecast period.
The novel coronavirus/COVID-19 pandemic has
significantly impacted the entire food and beverages industry, among which the
bakery industry was one. This pandemic has resulted in production shutdowns and
provides chain disruptions, which have also affected the economy. Because of
the lockdown, during the beginning of 2020, the sales of non-edible products,
like disinfectants, tissue paper, paper goods, and hand sanitizers, were high
in demand. The sales of edible products, like bakery, meat products, and lots
of others were up to the mark because the supply of bakeries was insufficient
as many of the bakers have shut operations because of the shortage of labor.
This factor affected the growth of the market during the covid-19 pandemic.
Based on the
region, the baking ingredients market is segmented into the Asia Pacific, North
America, Europe, the Middle East & Africa, and South America. Europe
generated the most important revenue within the baking ingredients market and
is anticipated to stay the leading market over the forecast period. Germany is
the major revenue-generating market in Europe. In North America, the US, and
Mexico, with an increasing number of fast-food chains, extensive use of baked
foods, and therefore the use of bakery ingredients, is anticipated to develop.
Asia-Pacific is the fastest-growing region, due to the rising demand for bakery
products and changing lifestyles. India and China, with their increasing
population and disposable incomes, are projected to be the fastest-growing
markets, globally, during the forecast period.
The report
on the global baking ingredients market covers segments such as products and
applications. On the basis of product, the sub-markets include emulsifiers,
leavening agents, enzymes, baking powder & mixes, oils, fats &
shortenings, starch, colors & flavors, and others. On the basis of
applications, the sub-markets include bread, biscuits & cookies, cakes
& pastries, rolls & pies, and others.
The report
provides profiles of the companies in the market such as Cargill, DuPont,
Associated British Foods plc, Koninklijke DSM N.V., Kerry Group plc, AAK AB,
British Bakels, Corbion, IFF, and Dawn Food Products, Inc.
The report
provides deep insights into the demand forecasts, market trends, and micro and
macro indicators. In addition, this report provides insights into the factors
that are driving and restraining the growth in this market. Moreover, The
IGR-Growth Matrix analysis given in the report brings an insight into 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 the baking ingredients market. Moreover,
the study highlights current market trends and provides forecasts for
2022-2028. We also have highlighted future trends in the market that will
affect the demand during the forecast period. Moreover, the competitive analysis
given in each regional market brings an insight into the market share of the
leading players.
Please Choose One of them.