Bakery Ingredients Market By 2018 Top Players are Bakels Group, Cargill, Incorporated, Dawn Food Products Inc., Ingredion Incorporated, Kerry Group plc, Koninklijke DSM N.V., and Lallemand Inc

The global bakery ingredients market was valued at $12,588 million in 2017 and is projected to reach $18,596 million by 2025, growing at a CAGR of 5.0% from 2018 to 2025.

Bakery ingredients are the building blocks of baked products such as bread, cookies & biscuits, rolls & pies, cakes & pastries, and others. Consumer trend of eating healthy and convenient food is one of the primary factors boosting the growth of the market. Prominent players and large corporates are developing their products to follow the consumer trends and boost the company growth to occupy a major share in the bakery ingredients market.

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Rise in disposable income, increase in urbanization, and shift in trend toward Western-style diets boost the growth of the global bakery ingredients industry in the Asia-Pacific region.

In 2017, North America and Europe collectively accounted for around 68.4% share of the global bakery ingredients market and are anticipated to maintain a dominant position in the bakery ingredients market throughout the forecast period. This is attributed to the high consumption rates, rise in health-conscious population, and increase in popularity of various bakery ingredients types.

The key market players of global bakery ingredients industry include Archer Daniels Midland Company; Associated British Foods plc.; Bakels Group; Cargill, Incorporated; Dawn Food Products Inc.; E. I. du Pont de Nemours and Company; Ingredion Incorporated; Kerry Group plc; Koninklijke DSM N.V.; and Lallemand Inc.

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The other players in the value chain include Sdzucker, Taura Natural Ingredients Ltd., AAK AB, Tate & Lyle PLC, Corbion N.V., IFFCO Corporate, CSM Bakery Solutions, Novozymes, and Puratos Group.

Key Findings of the Bakery Ingredients Market:
The enzymes segment of bakery ingredients market is projected to witness the highest CAGR of 8.5%, in terms of revenue, during the forecast period.
Europe is expected to dominate the global market by 2025 due to high per capita consumption and increase in demand for new & healthier variety of bakery ingredients.
The bread segment accounted for the highest value in bakery ingredients market share of around 70.2% in 2017 and is expected to grow at a decent CAGR during the forecast period.
Asia-Pacific is expected to witness the highest growth rate during the forecast period due to growth in population and rise in disposable income.
The dry baking mix segment is anticipated to occupy the highest value in bakery ingredients market share till 2025 due to its 5.3% CAGR.

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