Bakery Ingredients - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Bakery Ingredients Market is accounted for $12.71 billion in 2017 and is expected to reach $23.96 billion by 2026 growing at a CAGR of 7.3% during the forecast period. Some of the key factors busy lifestyle change in dietary habits, rising demand for low trans-fat & gluten-free products and high growth in developing countries driving the market growth include. However, stringent regulations, growing substitution of baked products and health issues are restraining the market growth.
Bakery ingredients are food products that help sustain softness, & taste, freshness get better shelf life and raise the protein content in the baked items. Bakery ingredients are products that are used in bakery such as bun, cookies, cakes, pizza, tarts, donuts and frozen baked products. Mostly it is used in the bakery to improve the overall product quality, to save time and for longevity. It is essential that a good quality ingredient is used while baking to save its softness and taste.
On the basis of type, baking powder & mixes segment is anticipated to grow at steady rate during the forecast period. These are used in bread, cakes, waffles, muffins, and pizza crusts. The expansion of bakeries and retails outlets such as in-store bakeries; convenience stores, supermarket & hypermarket bakeries, artisan bakeries and especially in the emerging countries such as China are estimated to be the key market drivers for the baking powder & mixes segment in the coming years. By Geography, Asia Pacific is estimated to witness a promising growth over the course of the forecast period owing to emerging economies such as India and China. The major factors for market growth could be that these countries are the best destination for innovations in the bakery ingredients industry. Increasing income coupled with rising awareness about healthy baked products are also another factors for market growth in this region.
Some of the key players in the market are Cargill, Archer Daniels Midland Company , Koninklijke DSM N.V. , E. I. Du Pont De Nemours and Company , Associated British Foods PLC , Kerry Group PLC , Lesaffre , Tate & Lyle , AAK AB , Lallemand, Inc. , Corbion , Taura Natural Ingredients Limited , British Bakels, Muntons PLC , Dawn Food Products, Inc. , Caravan ingredients and crust ‘n’ crumb food ingredients pvt.
• Dough Conditioners
• Leavening Agents
• Baking Powders & Mixes
• Oils, Fats, and Shortenings
• Rising Agents
• Colors & Flavors
• Dry Baking Mix
• Other Types
• Bread and Buns
• Cakes & Pastries
• Rolls & Pies
• Cookies & Biscuits
• Other Applications
- North America
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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