Demand For Baking Ingredients is Expected to Enhance The Market Growth in The Near Future

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Overview

Baking Ingredients Market - Global Trends & Forecast to 2022

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The baking ingredients market is projected to grow at a CAGR of 5.4% from 2017 to reach a projected value of USD 16.91 Billion by 2022. Market growth is driven by growing customer demand for healthier foods, convenience foods, and functional baked goods. The market is also driven by factors such as demand for gluten-free foods and innovative product developments for improved baking ingredients such as modified starch, enzymes, emulsifiers, baking powders & mixes that can be cost-effective as well as used in a wide range of baked items.

 

Based on the types of ingredients used, the baking ingredients market is led by the baking powders & mixes segment, followed by the oils, fats & shortenings segment, in terms of value. In terms of volume, the market was led by the starch segment. Baking ingredients are used on a large scale in regions where there is high per capita consumption of bread and other baked goods.

 

Among the varied applications for baking ingredients, such as bread, biscuits & cookies, cakes & pastries, rolls & pies, bread accounted for the largest market share, followed by cookies & biscuits and cakes & pastries. Bread is widely consumed in European countries and is being incorporated in regular diets in most developing Asian and Latin American countries as well.

 

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Europe accounted for the largest market share for baking ingredients, followed by North America and Asia-Pacific. Ingredients such as baking powder, baking mixes, leavening agents, and enzymes are among the most widely used ingredients in Europe; high per capita consumption of bread was one of the major factors driving the baking ingredients market in this region. The Asia-Pacific region is projected to be the fastest-growing market with investments from several multinational manufacturers, especially in countries such as China, India, and Japan.

 

Adherence to international quality standards and government regulations for the usage and quantity of baking ingredients in food products poses a restraint for the baking ingredients market. Increasing awareness about the ill-effects of consumption of trans-fatty acids on health hinders the growth of the baking ingredients market.

 

The baking ingredients market is fragmented and competitive, with a large number of players operating at regional and local levels. The key players in the market adopted acquisitions & mergers, new product development, and expansion & investments as their preferred strategies.

 

Prominent players such as,

  • Kerry Group plc (Ireland)
  • Koninklijke DSM N.V. (the Netherlands)
  • Corbion (the Netherlands)
  • Associated British Foods (U.K.)
  • Cargill (U.S.)

have been profiled in the report.

 

Baking Ingredients Market - Global Trends & Forecast to 2022

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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

 

This report provides both, qualitative and quantitative analyses of the baking ingredients market, the competitive landscape, and the preferred development strategies of key players. The key players preferred new product development & launches and acquisitions as strategies to gain a larger share in the market. The report also analyzes the market dynamics and market share of leading players.

 

“The study answers several questions for stakeholders, primarily which market segments to focus on in next two to five years for prioritizing efforts and investments.”

 

Scope of the Report

On the basis of Type, the market is segmented as follows:

  • Emulsifiers
  • Leavening agents
  • Enzymes
  • Baking powder & mixes
  • Oils, fats & shortenings
  • Starch
  • Colors & flavors
  • Others

On the basis of Application, the market is segmented as follows:

  • Bread
  • Biscuits & cookies
  • Cakes & pastries
  • Rolls & pies
  • Others

On the basis of Region, the market is segmented as follows:

  • North America
  • Europe
  • Asia-Pacific
  • RoW

Publication basic info

Geographical availability: World
Languages: English

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