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Rising Demand for Low Trans-Fat and Gluten-Free Products Drives the Baking Ingredients Market

11-20-2019 12:16 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets™

Baking Ingredients Market

Baking Ingredients Market

The report "Baking Ingredients Market by Type (Emulsifiers, Leavening Agents, Enzymes, Baking Powders & Mixes, Oil, Fats & Shortenings, Starch, Colors & Flavors), Application (Bread, Biscuits & Cookies, Cakes & Pastries, Rolls & Pies), and Region - Forecast to 2022" Increasing demand for bakery products across regions is projected to encourage manufacturers to invest in various bakery ingredients. According to MarketsandMarkets, the bakery ingredients market is projected to account for a value of USD 16.9 billion by 2022, recording a CAGR of 5.4%.

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Rising demand for low trans-fat and gluten-free products

Consumers are becoming more health-conscious, and their nutritional preferences are changing, leading to a rise in demand for gluten-free and low-carbohydrate products. Food manufacturers now make bakery products that have reduced sodium content and low-saturated fats, with the help of emulsifiers and other additives. A growing trend has also been witnessed with respect to demand for vegetarian and organic bakery products. The demand for gluten-free products has witnessed strong growth in Europe and North America, especially in the U.S., due to awareness about the benefits of gluten-free diets.

Manufacturers in the Asia-Pacific region are expanding their product portfolios owing to the diversified preference and improving living standards of consumers. China, Hong Kong, and Malaysia have witnessed a high growth in demand for bread in the market whereas demand for rice bread is higher in the Japanese market.

The Demand for Bakery Ingredients To Remain Concentrated in the Bread Segment Through 2022

Consumers are increasingly spending on protein-rich products such as cakes, pastries, pizzas, rolls, and donuts. Bakery products are considered staple foods in various regions. In parallel to the increasing consumption of protein-rich bakery products, the demand for bakery ingredients is projected to remain high. Also, bakery outlets focus on developing innovative products, particularly bread of various flavors, to align with the health requirements of consumers. Due to the high demand for bakery products, the bread segment is projected to record significant growth in the market during the forecast period.

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Europe To Hold the Largest Share in the Bakery Ingredients Market During the Forecast Period

In parallel to the increasing number of events, the demand for bakery and confectionery products remains high across regions as a staple food. Retail and bakery outlets focus on aligning with the increasing trend of consuming bakery products as snacks. High demand for bakery products in regions such as Europe has encouraged manufacturers to allocate their budget to a range of bakery ingredients. Due to these factors, Europe is projected to hold the largest share in the bakery ingredients market during the forecast period.

Market players such as Archer Daniels Midland Company (US), Koninklijke DSM N.V. (Netherlands), Cargill, Incorporated (US), BASF SE (Germany), Ingredion Incorporated (US), Roquette Frères (France), SunOpta (Canada), Darling Ingredients Inc. (US), and Omega Protein Corporation (US) have been actively strategizing their growth plans to expand in the bakery ingredients market. These companies have a strong presence in Europe and North America; they also have manufacturing facilities and a strong distribution network across these regions.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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