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Bakery Ingredients Market By Technology (Emulsifiers, Leavening Agents, Enzymes), By Applications (Bread, Cookies & Biscuits, Rolls & Pies) -Global size Analysis and Industry Forecast, 2018-2023

08-13-2018 12:34 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Genesis market insights

Bakery Ingredients Market

Bakery Ingredients Market

Global Bakery Ingredients Market was valued at USD 8150 Million in the year 2017. Global Bakery Ingredients Market is further estimated to grow at a CAGR of 5.7% from 2018 to reach USD 11366 Million by the year 2023. Bakery ingredients are the food products responsible to maintain the freshness, softness, & taste; improve shelf life; and increase the protein content in the baked items. These items are available in different varieties in the market and are considered as the basic food for human nutrition globally.

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The global Bakery Ingredients Market is segmented on the basis of technology, by application, and by region. On the basis of technology the market is segmented as Emulsifiers, Leavening Agents, Enzymes, Baking Powder & Mixes, Oils, Fats, and Shortenings, Colors & Flavors, Starch and others of which Baking Powder & Mixes segment is expected to hold the highest market share during the forecast period.

On the basis of application, the market is segmented as Bread, Cookies & Biscuits, Rolls & Pies, Cakes & Pastries, and Others in which bread segment holds the highest market share in the forecasted period and are expected to grow with highest CAGR

The European region holds the highest market share in 2017 and the Asia Pacific is considered as the fastest growing market in the forecasted period. At a country level China, India, and Japan are the major markets in the Asia Pacific region and holds a substantial market share in 2017 and it is projected to grow at a gradual pace in the coming years. High per capita consumption of bread was one of the major factors driving the baking ingredients market in this region.

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Drivers:

• Changing Consumer Lifestyles Increase the Demand for Convenience Foods.
• Consumer preferences for healthier bakery products.

Restraints:

• Replacement of baked products with cereals
• Stringent regulations and international quality standards.

Opportunities:

• Demand for Healthier Baked Goods in Emerging Markets.
• Growth of Frozen Bakery Products Market

Challenges:

• Impact of European Crisis on Consumer Spending In Baked Goods Category.
• Health Issues Due to Excess Consumption of Trans Fatty Acids

Some of the key players in the global Bakery Ingredients Market are Cargill (U.S), Koninklijke DSM N.V. (the Netherlands), Kerry Group PLC (Ireland) and Associated British Foods PLC (U.K.). The other players in the value chain include AAK AB, Tate & Lyle, Archer Daniels Midland Company, E. I. Du Pont De Nemours and Company, Lallemand, Inc. and Dawn Food Products, Inc.

Key Benefits for Stakeholders

• Bakery Ingredients manufacturers
• Bakery associations and industry bodies
• Raw material distributors and suppliers
• Government agencies, authorities, and Research organization

By Technology

• Emulsifiers
• Leavening Agents
• Enzymes
• Baking Powder & Mixes
• Oils, Fats, and Shortenings
• Colors & Flavors
• Starch
• Others

By Applications

• Bread
• Cookies & Biscuits
• Rolls & Pies
• Cakes & Pastries
• Others

By Region

• North America
• Europe
• Asia-Pacific
• RoW

Key Market Players

• Cargill
• Koninklijke DSM N.V.
• Kerry Group PLC
• AAK AB
• Associated British Foods PLC
• Tate & Lyle
• Archer Daniels Midland Company
• E. I. Du Pont De Nemours and Company
• Lallemand, Inc.
• Dawn Food Products, Inc.

(Another brief information of 10 companies will be provided in a report.)

About Us:

Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in house data validation tools, GMMR has delivered actionable, reliable and all-inclusive Market Research Reports. GMMR is growing strongly for last 2 decades with most of the clients providing repeat business for their trust on the data quality and recommendations for decision making.

Contact Us;

Genesis Market Insights (GMI)
902 Broadway, 6th Floor,
New York, NY 10010
(212) 634-4560
Mail us at: info@genesismarketinsights.com
Website: www.genesismarketinsights.com

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