Global Bakery Ingredients Market is expected to grow at a CAGR of 6.7% during the forecast period from 2019-2025

As per the report published by Fior Markets, the global bakery ingredients market is expected to grow from USD 39.2 Billion in 2017 to USD 65.7 Billion by 2025 at a CAGR of 6.7% during the forecast period from 2018-2025.Asia Pacific is dominating the market due to the growing demand for packaged and convenience foods in this region. China is projected to dominate the region due to the adoption of western diets, especially among the younger population.

Bakery Ingredients Market by Type (Emulsifiers, Leavening Agents, Enzymes, Bakery Powders & Mixes, Oil, Fats & Shortenings, Starch, Colors&Flavors),Application, Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.

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Leadersin the industry Archer Daniels Midland Company; Associated British Foods plc.; Bakels Group; Cargill, Incorporated; Dawn Food Products Inc.among otherswhichare offering greater opportunities and major players are continuously focused on new product developments and venture capital investments to obtain market share.For instance,June 2017 - DSM N.V. introduced new range of Bakery enzymes that enable bakeries to deliver a better experience for gluten free bread and other kind of wheat free applications. The enzymes are developed to improve the moistness and softness of the bakery products

The type segment is classified into emulsifiers, leavening agents, enzymes, bakery powders & mixes, oil, fats & shortenings, starch colors&flavors and others. Thebakery powder & mixes segment dominated the market and valued around USD 10.89 Billion in 2017. Baking powder and mixes are used to make bread, cakes, waffles, muffins, and pizza crusts. The expansion of bakeries and outlets such as in-store bakeries; convenience stores; supermarket & hypermarket bakeries; artisan bakeries; and café bakeries, especially in the emerging countries such as China, are expected to be the key market drivers for the Bakery ingredients market in the coming years.The application segment is segmented into bread, biscuits & cookies, cakes & pastries, rolls & pies and others. Bread segment dominated the market with the highest share of 41.50% in 2017 owing increased consumption of low sugar and low carbohydrates bakery products.

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High consumption of bakery products due to busy lifestyle, change in culture and change in dietary habits is a major factor propelling the growth of the market. Rise in demand for low trans-fat & gluten-free products are expected to increase the market growth. But strict regulations and international quality standards may hinder the performance of the market. However, increasing applications of bakery ingredients is anticipated to boost market growth in coming years.

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