Baking Ingredients Market worth 16.91 Billion USD by 2022

Publication page opened by:
Open date: 19/04/2017 - 13:25 | Last update date: 19/04/2017 - 13:37 | Publication page

Company/Organization: 

Share this on: 

Overview

The report "Baking Ingredients Market by Type (Emulsifiers, Leavening Agents, Enzymes, Baking Powders & Mixes, Oil, Fats & Shortenings, Starch, Colors & Flavors), Application (Bread, Biscuits & Cookies, Cakes & Pastries, Rolls & Pies), and Region - Forecast to 2022", is projected to reach USD 16.91 Billion by 2022. Request Free Sample Some of the Major key players in the Market are: 
  • Kerry Group plc (Ireland)
  • Koninklijke DSM N.V. (the Netherlands)
  • Corbion (the Netherlands)
  • Associated British Foods (U.K.)
  • Cargill (U.S.)
 Download Report Brochure The baking ingredients market, estimated to be valued at USD 13.03 Billion in 2017, is projected to grow at a CAGR of 5.4% from 2017 to 2022. Ingredients such as enzymes improve protein solubility and reduce bitterness in end products, making enzymes one of the most preferred ingredients in the baking industry. With heavy investment in R&D, new applications such as protein-based fat replacements, flavor enhancements, textural improvements are emerging rapidly and prolonging the shelf life of products. Baking ingredients offer several advantages such as reduced costs, volume enhancement, texture, color, and flavor enhancement. Hence, baking ingredients will be viewed as a business opportunity in the next five years. As a result, many multinational players have entered into the production of varied types of baking ingredients. Europe accounted for the largest market share for baking ingredients, followed by North America and Asia-Pacific. Make an Inquiry Baking powder & mixes dominated the baking ingredients market in 2016 The baking powders & mixes segment accounted for the largest share in the baking ingredients market, followed by oils, and fats & shortenings. Baking products such as muffins, biscuits, cakes, and cookies usually use baking powder in place of yeast. Baking powder is always preferred over other ingredients, especially yeast, because of its quick processing time. The growing number of bakeries and outlets such as in-store bakeries, convenience stores, supermarket & hypermarket bakeries, artisan bakeries, and café bakers has cumulatively increased demand for baking powder and mixes, globally. Bread: The most consumed baked product globally in 2016 The bread segment accounted for the largest share in the baking ingredients market in terms of both, value as well as volume. Bread and bread products are a great source of energy, easy to prepare, and a cost-effective option as compared to other premium bakery products. The growing bread consumption is also driven by product innovation to cater to the changing demands for healthy food options from consumers. Increasing consumption of baked foods in developing countries to boost the baking ingredients market Developing economies in the Asia-Pacific, Latin America, Eastern Europe, and the Middle East regions are prospering in terms of increasing GDP with the working population on the rise. With the rising population and improved purchasing power of developing countries such as China and India, the market is expected to show double-digit growth in the future. Factors such as changes in eating habits of consumers, increasing urbanization, and rise in the consumption patterns of baked products have driven growth in the market in this region. For instance, bread is replacing traditional Chinese breakfast items such as porridge and fried dough sticks. In emerging economies, the penetration of packaged and convenience food is the driving the baking industry. The report covers the emulsifiers, leavening agents, enzymes, baking powder & mixes, starch, oils, fats & shortenings, colors & flavors segments in terms of value and volume. In terms of insights, this research report has focused on various levels of analysis—industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global baking ingredients market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities. Target Audience: 
  • Baking ingredient manufacturers
  • Other food ingredient manufacturers
  • Bakery associations and industry bodies
  • Raw material distributors and suppliers
  • Government and research organizations
  • Legislative and regulatory bodies
  • Food commodity exporters

Publication basic info

Geographical availability: World
Languages: English

More detailed information

 
 

If you are interested in this publication and you would like to see more of our publications, please do not hesitate to request a sample of them.
We will contact you and help to choose publications our best for you.