Press release
Baking Ingredients Market worth 18.90 Billion USD by 2026
Baking Ingredients Market
Global Baking Ingredients Market is expected to rise from its initial estimated value of USD 13.60 billion in 2018 to an estimated value of USD 19.95 billion by 2026, registering a CAGR of 4.91% in the forecast period of 2019-2026. This rise in market value can be attributed to the increase in demand for gluten-free foods, and the increasing demand or natural and healthy ingredients.
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Key Market Competitors:
Few of the major competitors currently working in baking ingredients market are Associated British Foods plc, British Bakels, Cargill, Incorporated, Dawn Food Products, Inc, Kerry Group PLC, Muntons Plc, Koninklijke DSM N.V., Taura Natural Ingredients Ltd, Barry callebaut, Mitsui Sugar Co., Ltd, Nexira, Corbion, Roquette Frères, Royal cosun, SAMYANG HOLDINGS CORPORATION, Sensus America Llc, Wuxi cima science Co., Ltd, Yakult Pharmaceutical Industry Co., Ltd.
Key Developments in the Market: In March 2019, According to a recent report by Fact.MR, in 2019, sales of vegan baking ingredients are expected to close at 38,000 tons. Widespread vegan adoption coupled with pervasive trends such as “careful choices,” “clean label,” and “sustainability” continue to impact the growth of the market for vegan baking ingredients.
In January 2019, Kaneka Corporation announced that its joint venture with Mitsubishi Corporation, PT. Kaneka Foods Indonesia, will open a new factory in Indonesia’s Bekasi city. The move aims to enhance the presence of KFI in fast – growing Indonesia’s markets for confectionary and bakery ingredients.
Competitive Analysis:
The global baking ingredients market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of baking ingredients market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers:
Changes in the eating habits of consumers, increasing urbanisation, have driven growth in the market
Increase in the demand for convenience foods which results the increase in the sale of breads
Market Restraint:
Stringent regulations and international quality standards restricting the growth of the market
Table Of Content:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Global Market Landscape
Part 04: Global Market Sizing
Part 05: Global Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Market Segmentation:
By Application
Bread
Cookies & Biscuits
Rolls & Pies
Cakes & Pastries
Others
By Type
Emulsifiers Crystal
Leavening Agents
Enzymes
Baking Powder & Mixes
Oils, Fats, and Shortenings
Colours & Flavours
Starch
Others
By Geography
North America
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Vietnam
Rest of Asia-Pacific
Middle East and Africa
Customization of the Report
All segmentation provided above in this report is represented at country level.
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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