Baking Ingredients Market Share, Size & Industry Forecast Report, 2020-2027

Growth opportunities in the baking ingredients market look promising over the next six years. This is mainly due to the increasing disposable income of individuals, the inclination of consumers towards natural and organic food products, the growing demand for convenience food options, and the rising concern regarding healthy food habits.

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Baking Ingredients Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The prominent factors stimulating the growth of global baking ingredients market include the increasing concern towards healthy food habits, accelerating demand for convenience food options, and rising disposable income of individuals. Augmenting demand for convenience food owing to the hectic and busy lifestyle of consumers will further propel the growth of the global baking ingredients market. Moreover, the strong demand for the low trans-fat, gluten-free, and low-sugar products among consumers will boost the growth of the global baking ingredients market.

Additionally, the huge demand for gluten-free, low sugar, and low trans-fat products is anticipated to boost the growth of the market. The growing demand for frozen bakery products will augment the demand for baking ingredients in the near future. Moreover, the inclination of consumers towards natural and organic food products owing to their improved shelf life fuels the demand of the global baking ingredients market. However, the strict guidelines imposed by the government and the international quality standards may hamper the global baking ingredients market growth over the forecast period. The growing accessibility of substitute products, including granola bars, cereal makers, and snack bars, will further hinder the growth of the global baking ingredients market.

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Application Segment Drivers

Based on the application, bread is expected to grow at a faster CAGR in the global baking ingredients market due to the surging acceptance of bread among people for their daily meals. On the other edge, the cakes & pastries segment is predicted to dominate the market over the forecast period because of the expanding consumption of snack items and the availability of freezers in various retail stores, including supermarkets and hypermarkets.

Regional Drivers

On the basis of region, the Asia-Pacific is anticipated to expand at a higher CAGR over the forecast period due to the growing demand for bakery goods from several bakery outlets in the developing countries, including China, Australia, and India. Also, the rising demand for convenience and baked products, integrated with the acceptance of western food habits among the young population, will further support the growth in this region. The other factors strengthening the market growth include the altering taste and preferences of consumers, the increasing disposable income of middle-class families, and rapid urbanization.

Baking Ingredients Market’s leading Manufacturers:
• DowDuPont Inc.
• Roquette Frères, Darling Ingredients Inc.
• BASF SE
• Koninklijke DSM N.V.
• Archer Daniels Midland Company
• Omega Protein Corporation
• Kerry Group Plc
• Cargill, Incorporated
• Associated British Foods Plc

Baking Ingredients Market Segmentation:

Segmentation by Type:
• Emulsifiers
• Leavening agents
• Enzymes
• Baking powder & mixes
• Oils, Fats, and shortenings
• Colors & flavors
• Starch
• Others

Segmentation by Application:
• Breads
• Cookies & biscuits
• Rolls & pies
• Cakes & pastries
• Others

Segmentation by Region:

• North America
o United States of America
o Canada

• Asia Pacific
o China
o Japan
o India
o Rest of APAC

• Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe

• RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)

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This release was published on openPR.