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Global Baking Ingredients Market: Trends Analysis and Forecasts up to 2023

Global Baking Ingredients Market: Trends Analysis and Forecasts up to 2023

  • April 2017
  • 100 pages
  • ID: 4828828
  • Format: PDF
  • By Infinium


Table of Contents

The global baking ingredients market is expected to grow at a CAGR between 5.0% and 5.5% over the period of 2017 to 2023.

Baking ingredients are the ingredients primarily used in the bakery industry and household baking applications. Worldwide busy lives of consumers and growing preferences for ready to eat food products have brought about radical changes in the world food and beverages industry. Bakery industry is growing at a steady rate due to growing population and increasing demand for packaged food. Baking powders and premixes, emulsifiers, and enzymes are some of the most commonly consumed baking ingredients.

The baking ingredients market is expected to be driven by factors such as growing demand for packaged food due to busy lifestyles of consumers and changing eating patterns of the consumers worldwide.

Moreover, growing population along with expanding middle class in the major markets of the world is likely to support the growth in the baking ingredients market.

On the other side, issues pertaining to contamination of raw materials, and stringent rules and regulations pertaining to food safety and consumer health are likely to be the primary restraining factors restraining the growth in bakery ingredients market. Furthermore, growing demand for organic bakery products is expected to create opportunities for the new and existing players in this market.

Emerging markets of Asia Pacific and Latin America have a significant portion of youth population which is the major consumer section of bakery items. The chocolate based bakery items are popular among the youth, therefore chocolate based bakery items are likely to be a trend over the years to come. Bakery powders such as bakery floor is one of the most crucial ingredients of bakery products. The types of bakery flour include bread flour, cake flour, all-purpose flour, self –rising flour and rye flour. Therefore, choosing a right flour becomes an important task for the bakeries.

Segments Covered
The global bakery ingredients market is segmented on the basis of ingredient types, end-use bakery applications, and regions. On the basis of ingredient types the market is segmented as bakery powder and premix, bakery enzymes, emulsifiers, oils and fats, starches, colourants, flavours and others. On the basis of end-use bakery applications the market is segmented as breads, biscuits and cookies, cakes and pastries, and others.

Geographies covered
The global bakery ingredients market covers analysis of regions such as North America, Europe, Asia-Pacific and RoW (including Latin America, Middle East and Africa). Among the geographies, Europe was the largest market in terms of revenue and volume of bakery ingredients consumed, while Asia-Pacific is expected to be the fastest growing market for baking ingredients in terms of CAGR over the forecast period of 2017 – 2023.

Companies Covered
The global baking ingredient market features presence of several mid-sized and large companies. Some of the key players profiled in the report include Royal DSM, Kerry Group Plc, Cargill Inc., Associated British Food, Flower Foods, Groupo Bimbo, Danisco (DuPont), Taura Natural Ingredients Limited, ADM, Dawn Food Products Inc., Muntons PLC, Flower Foods, among others.

Report highlights
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of baking ingredients globally as well as regionally.

Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and value chain analysis of baking ingredients.

Moreover, the study highlights current market trends and provides forecast from 2016 to 2021. We also have highlighted future trends in the baking ingredients market that will impact the demand during the forecast period.

Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers, and distributors of the baking ingredients market to understand the present and future trends in this market and formulate their strategies accordingly.

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