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Baking Ingredients Market by Type, Application, and Region - Forecast to 2022

Baking Ingredients Market: Forecast until 2022

  • April 2017
  • 175 pages
  • ID: 4855263
In this report:
According to the Asian Development Bank, "China's middle-class population is estimated to increase from ##% of the population in 2010 to ##% by 2030."
Depending on the amount of DATEM replaced by enzymes, there can be up to ##%-##% reduction in production costs.
Koninklijke DSM N.V. (The Netherlands) completed the acquisition of ##% equity interest in Yantai Andre Pectin Co.

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"Baking ingredients market forecasted to grow at a CAGR (Compound annual growth rate) of 5.40 percent."

The baking ingredients market is projected at ~$13.0B in 2017 and is expected to grow at a compound annual growth rate (CAGR) of 5.40 percent to reach ~$16.9B by 2022. The sector is influenced by Elements such as growing per capita consumption of baked goods and development of innovative baking ingredients that are cost-effective as well as beneficial for heath. The huge growth potential in emerging sectors and untapped areas offer recent growth opportunities for market actors. It is observed that there are no clear universal guidelines concerning the usage of individual ingredients in the end products. These ingredients and several mixtures of compounds are subjected to rigorous health and safety checks as per the area they are used in. On top of, excess usage of trans-fatty acids poses health issues and is hence strictly regulated in several areas.

"Enzymes is intended to be the quickest-growing segment in the baking ingredients market."

Among the types of baking ingredients-which include emulsifiers, leavening agents, enzymes, starch, oils, fats, & shortenings, colors & flavors, and others-the enzymes segment is anticipated to rise at the highest CAGR (Compound annual growth rate) with growing applications in baked products. Enzymes are naturally derived components that help bakers in maximizing the functionality of end products. It is also a cost-effective option which further satisfies the increasing demand for clean label products from consumers as well.

"Cakes & pastries is forecasted to be the quickest-rising application segment in the baking sector."

On the basis of application type, the baking ingredients market is led by the bread segment, succeeded by cakes & pastries and cookies & biscuits. Cakes & pastries are the quickest-increasing segment of baking ingredients, particularly in developing Asian economies with greater demand for convenience foods. The cakes and pastries market is influenced by significant product innovation, new product introduction, changing preferences of consumers towards taste & flavor, and increasing demand for premium quality products.

"China (CN): The future of the baking market."

Growing demand for convenience foods, functional foods, and baked goods, along the constantly changing lifestyles, has rised the industry demand for baked products in China (CN) and other developing Asian economies. With a increase in disposable income and inclination towards western eating habits, different users are willing to spend on new innovative baked products and incorporate baked items including bread and rolls in their daily diets.

The U.S.A was the biggest country-level market for baking ingredients, because the industry in China (CN) is anticipated to grow at the highest compound annual growth rate (CAGR) of 7.00 percent, in terms of value importance.

Break-up of Primaries:

- By Company category - Tier 1 - 50 %, Tier 2 - 20.0 percent and Tier 3 - 30.0 percent

- By Description - C-suite - 28.0 percent, D-level - 22.0 percent, Others - 50.0 percent

- By area - North america (NA) - 40.0 percent, Europe - 30.0 percent, Asia-Pacific - 21.0 percent, RoW - 9.0 percent

Leading players including Koninklijke (DSM), Corbion, Associated British Foods, Cargill, and Kerry Group plc have been described in the study. The other actors contain AAK AB, British Bakels Ltd., Dawn Food Products, Incorporated, Muntons plc, and Taura Natural Ingredients Limited.

Segment Research

The analysis examines the baking ingredients market across various industry verticals and territories. It aims at evaluating the market value and upcoming growth potential of this market across distinct segments including ingredient types, applications, brand, and area. The market research also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, recent evolutions, and key industries strategies.

Why acquiring this study can help you:

- To get a comprehensive overview of the overall baking ingredients market

- To benefit wide-ranging information about the top actors in this market, their products review, and top strategies approved by them

- To benefit business insights about the main countries/localities in which the baking ingredients market is prospering

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Related Market Segments :

Bakery

Bread

Edible Fat

Starch

Food Additive

ref:plp2017

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