Global Baking Ingredients Market is projected to grow at a significant CAGR from 2017 to 2025
The baking ingredients market depends on growing demand for healthy food, easy foods and functional baked goods by consumers. Demand for gluten-free foods and other kinds of innovative food development has led to the growth of this market. Based on the type of ingredients used the market is segmented into emulsifiers, leavening agents, enzymes, baking powders and mixes, oil, fats and shortenings, starch, colors and flavors. The market based on ingredients was led by the starch segment. The baking powder and mixes segment accounts for majority share of the market as most baked goods use powder instead of yeast, as it is always preferred over other ingredients due its short processing time. Rising number of bakeries and in store bakeries, super mart bakeries, artisan bakeries and cafes have increased demand for baking powder and mixes worldwide. Baking ingredients are mostly used in those regions of high per capita consumption of bread and other baked goods. Restraints on the growth of the baking market pose as rules and regulations laid down by the government on the usage of quantity of baking ingredients in food products and increasing health awareness of people. The market is highly competitive with many local and regional players.
The report is designed to provide a complete view on the global Baking Ingredients market. The report has been categorised into qualitative and quantitative insights over the forecast period (2017-2025). The demand and supply matrix section falls under the qualitative information category wherein the market dynamics for Baking Ingredients market has been studied considering a short term forecast of the factors/ variables which have an impact on Baking Ingredients market. The market segments and their respective estimates & forecasts has been covered under the quantitative information category. Regional estimates and forecasts & trend analysis for each country and region is also available in the study. The report concludes by providing the competitive landscape of the major market participants which are profiled by analysing their organic & inorganic growth strategies, regional presence, and product portfolio among others.
High per capita consumption of bread, increased concerns about health, and high demand for ready to eat products, among others are the major factors influencing the growth for baking ingredients market.
Study Technique: Global Baking Ingredients Market
The global Baking Ingredients market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process. The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Baking Ingredients market. The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers. Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company’s manufacturing Baking Ingredients, and customer analytics.
Global Baking Ingredients Market Segmentation: By Application
By application the market is segmented into Bread, Biscuits & Cookies, Cakes & Pastries, and Rolls & Pies. Bread holds the majority of the market share. Bread is widely consumed across the globe and is a vital part of most regal diets across the globe. They are a great source of energy, relatively easy to make and extremely cost efficient when compared to other premium and expensive baked goods. Growing consumption of bread is also due to altering the nutrients present in bread as per consumer demand. In European countries bread is a staple food and is consumed with most meals. Biscuits and cookies also have a huge market worldwide and are a widely consumed snack; there are many variants of biscuits and cookies that also cater to health conscious individuals. Cakes & pastries, and rolls & pies are widely consumed worldwide and are also modified keeping in mind the requirement of consumers. The whole baking industry will grow in the future, because most baked goods can be changed and ingredients can altered according to the changing preferences of the population.
End-User Landscape (Consumer Profile): Baking Ingredients Market
Companies such as Koninklijke DSM N.V., AAK AB, Cargill, Associated British Foods PLC, and Kerry Group PLC, among others are investing extensively in the manufacturing and sale of Baking Ingredients, which presents a huge opportunity to Baking Ingredients suppliers. The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic, and inorganic growth strategies among others.
Koninklijke DSM N.V., AAK AB, Cargill, Associated British Foods PLC, Kerry Group PLC, Lallemand, Inc. and Lesaffre, among others account for the major share in Baking Ingredients market. Companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. The other companies profiled in the report include: Tate & Lyle, Archer Daniels Midland Company, Taura Natural Ingredients Limited, and E. I. Du Pont De Nemours and Company.
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