Baking Ingredients Market Forecasts to 2028 – Global Analysis By Form (Dry, Liquid), Type (Enzymes, Emulsifiers, Fiber, Colors & Flavors,), Channel (Offline, Online), Application (Breads, Buns) and By Geography
According to Stratistics MRC, the Global Baking Ingredients Market is accounted for $15.65 billion in 2020 and is expected to reach $28.96 billion by 2028 growing at a CAGR of 8.0% during the forecast period. The rise in the consumption of bakery products and confectionery, growth in demand for low trans-fat & gluten-free products and fast-paced lifestyles of consumers are driving the market growth. However, stringent regulations and international quality standards are hampering the growth of the market.
Bakery ingredients are food products that help maintain freshness, softness, & taste; improve shelf-life; and increase the protein content in the baked items. These ingredients hold various functionalities like performing emulsification, protein strengthening, and maintaining freshness in baked food. These items are available in different varieties and are considered as the basic food for human nutrition globally.
Based on the application, the breads segment is going to have lucrative growth during the forecast period as bread is one of the basic food products of human beings for so many years. Bread and bakery products are widely consumed as part of traditional diets and are an important source of dietary energy. By geography, Europe is going to have high growth during the forecast period owing to the changing lifestyles creating a need for alternatives for conventional home food and the ongoing revolution in the food processing industry leading to the development of new packaged food which caters to the growing demand for convenient food from consumers.
Some of the key players profiled in the Baking Ingredients Market include Dawn Foods, The Archer Daniels Midland Company, Tate & Lyle, Puratos NV, Ornima Bakery, Lallemand, Koninklijke DSM NV, Associated British Foods PLC, International Flavors & Fragrances, Inc., General Mills Inc., DuPont, Corbion, British Bakels Ltd, AAK, Kerry Group plc and Cargill Incorporated.
Estimated Market Size in 2020:
USD 15.65 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 28.96 billion
Tables, Graphs& Figures
Form, Type, Sales Channel, Application and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Fats and Oils/Shortenings
• Baking Cocoa and Chocolate Chips
• Leavening Agents
• Flours and Starches
• Compound Chocolate
• Dough Products
• Desiccated Coconut
• Dairy Ingredients
• Colors & Flavors
• Other Types
Sales Channels Covered:
• Sweet Bakery
• Savory Baked Products
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Baking Ingredients Market is majorly driven by growth in demand for low trans-fat & gluten-free products, fast-paced lifestyles of consumers and rise in the consumption of bakery products and confectionery.
The breads segment is growing at a highest CAGR as bread is one of the basic food products of human beings for so many years. Bread and bakery products are widely consumed as part of traditional diets and are an important source of dietary energy.
Europe dominated with a significant market share due to the ongoing revolution in the food processing industry leading to the development of new packaged food which caters to the growing demand for convenient food from consumers and changing lifestyles creating a need for alternatives for conventional home food.
Asia Pacific region is growing at a highest CAGR owing to the increasing demand for leavening agents, emulsifiers, and fats & shortenings in significant baking applications such as bread and biscuits & cookies.
Key players in Baking Ingredients Market include Dawn Foods, The Archer Daniels Midland Company, Tate & Lyle, Puratos NV, Ornima Bakery, Lallemand, Koninklijke DSM NV, Associated British Foods PLC, International Flavors & Fragrances, Inc., General Mills Inc., DuPont, Corbion, British Bakels Ltd, AAK, Kerry Group plc and Cargill Incorporated.
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