Press release
DSM, Cargill Profiled in Frozen Bakery Additives Market 2024 | Leading Players - Associated British Foods plc, Archer Daniels Midland Company, DuPont, Sensient Technologies Corporation, AL Group Lonza, David Michael & Co., Lasenor Emul S.L., Purac Biochem
Frozen Bakery Additives Market
Shift in consumer preference towards ready-to-eat meals due to hectic schedule should drive industry growth. Europe market accounted for over 35% of the total frozen food demand in 2015. Increasing hygienic product usage along with new online purchasing trend should stimulate regional growth. In addition, strict regulation by EFSA regarding usage of additives and artificial flavors should fuel frozen bakery additives demand.
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Company Profiles
1. DSM
2. Cargill
3. Associated British Foods plc
4. Archer Daniels Midland Company
5. DuPont
6. Sensient Technologies Corporation
7. AL Group Lonza
8. David Michael & Co.
9. Lasenor Emul S.L.
10. Purac Biochem B.V.
11. PURATOS GROUP
12. Shenzhen Leveking Bio-Engineering Co., Ltd.
13. Jungbunzlauer
14. DDW The Colour House (D.D. Williamson)
15. The Kerry Group
16. Palsgaard
Global frozen bakery additives market may witness gains at over 8%. Increase in convenience or processed food demand and rise in feed safety will drive industry growth. India, Japan, Thailand, Malaysia and China may witness an increase in Asia Pacific market as consumers are demanding for more varieties of readily available food products along with health consciousness. Pizza crusts, breads, cakes and pastries will propel frozen bakery additives demand due to rise in living standards and food culture.
Global cakes and pastries market may register close to 3% growth during the forecast timeframe. Rise in per-capita disposable income along with rapid industrialization will have a positive influence in the industry growth. Europe cakes and pastries market share accounted for over 65% of the total demand in 2015. Presence of many established baked good companies is likely to propel Europe frozen bakery additives market growth.
Global emulsifier market may surpass USD 8.5 billion in business by 2024, with gains at over 6.5%. Positive application scope in food and cosmetics industry owing to biodegradable, chemically inert, bio-compatible, skin friendly, thermal stability and longer shelf life properties, thereby influencing product demand. Emulsifiers in frozen bakery additives market may show an increase in demand as they improve product shelf life and improvise structure. Increasing consumer requirements for fibrous and nutritious biscuits may boost industry growth.
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Global enzymes market size was valued at over USD 5 billion in 2015, and register close to 8% growth. Positive indicators in food & beverage industry to improve quality and reduce deficiencies should boost industry growth. In baking sector, enzymes are used to lower protein level of flour in crackers and biscuits, thereby ensuring uniformity and standardize bread quality, which may drive frozen bakery additives market size.
Global food preservative market is poised to exceed USD 3 billion by 2024, with above average gains at over 2.5%. Increase in food borne diseases including stomach flu, diarrhea, abdominal pain, and vomiting may stimulate industry growth. Preservatives are used in frozen bakery additives in toasted breads, cookies, pastries, and biscuits.
North America, driven by the U.S. frozen bakery additives market size, may witness demand due to change in consumer lifestyle accompanied with preference for convenience food consumption demand.
Asia Pacific, driven by India, South Korea, Japan and China frozen bakery additives market size, is poised to witness substantial growth owing to increasing application scope in food & beverage and pharmaceutical sectors. Rapid industrialization along with growing sensitivity towards food safety may create immense industry potential.
Global frozen bakery additives market share is moderately consolidated with some of the leading companies are Cargill, Associated British Foods, Archer Daniels Midland, Dupont, Sensient Technologies and Lonza Group. Other prominent companies include David Michael & Co, Lasenor Emul S.L., Purac Biochem., Puratos Group, Shenzhen Leveking Bio-Engineering, Palsgaard, Jungbunzlauer, Ddw-the Color House, Kerry Group and Royal DSM.
Europe, led by UK, France, and Germany frozen bakery additives market size should witness steady gains. Most of the manufacturing companies are concentrated in expanding their businesses and enhance product portfolio.
Increasing need for waste reduction during processed food production process has led for adoption of ecofriendly manufacturing process along with high quality products with lower costs. This factor may impact frozen bakery additives market price trend.
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