openPR Logo
Press release

Baking Ingredients Market worth $22.3 billion by 2026

09-20-2021 03:32 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets

The report "Baking Ingredients Market by Type (Emulsifiers, Leavening Agents, Enzymes, Baking Powders & Mixes, Oil, Fats & Shortenings, Starch, Colors & Flavors, Preservatives, Fibers), Application (Bread and Sweet Bakery), and Region - Forecast to 2026" The global baking ingredients market is projected to grow from USD 16.6 billion in 2021 to USD 22.3 billion by 2026, at a CAGR of 6.0% from 2021 to 2026. Increase in demand for bakery products has significantly increased the demand for baking ingredients. For high-quality professional baking, bakers need large quantities of a handful of ingredients to create everything from muffins and cupcakes to multi-tiered cakes and delicious cookies. Each baking ingredient plays its special role in the process. The processing, distribution, and storage of bakery products necessitates the use of food additives to maintain the quality and freshness that consumers expect. It is to be noted that the ingredients sometimes play different roles, depending on which baking type they are used. The chemistry of bread baking differs somewhat from baking a cake, although they share several similarities.

Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=172589056

Baking powder and mixes, by type, is estimated to hold the largest market share during the forecast period

The market for baking powder and mixes is projected to account for the largest share by type in the baking ingredients market. Baking mixes constitute various ingredients such as flour, baking powder, baking soda, yeast, sugar, and salt. Moreover, baking mixes are used for various applications such as bread, cakes, waffles, and muffins. With the rising trend of healthy eating, manufacturers focus on innovating clean labels and free-from mixes to capture the market. Gluten-free baking mixes may be prepared using rice flour in place of wheat flour. Dry baking mixes typically require the addition of water or milk, and may also require additional ingredients such as eggs, butter, and cooking oil. Baking mixes are majorly used by consumers at home due to the ease of usage and the high availability of the products. Baking mixes are also gaining acceptance among small and medium-sized food service providers. Dawn Food Products, Inc. (US), Associated British Foods, Inc., Lesaffre (France), Archer Daniels Midland Company (US), and Corbion (Netherlands) produce a wide range of baking mixes. The rising demand for convenience food is supporting the growth of various baking mixes on a global platform.

Bread, by application, is estimated to hold the largest share in the baking ingredients market during the forecast period

The bread segment is projected to dominate the market by application. Bread is a staple food in most regions. There’s a variety of bread available in the market in different forms. The bread products available are categorized under white bread, wholegrain and brown bread, and specialty bread. The growing health-consciousness of consumers and the subsequent increase in demand for wholegrain or specialty bread has resulted in a decline in the demand for white bread in most markets. The flour used in the production of brown bread consists of crude fiber and a whole grain content of about 85.0%. Wholemeal bread is made from whole wheat grain and does not involve refining. This sector also includes wheat germ bread that consists of processed wheat germ. The market for these bread types is expected to grow, owing to the rising health awareness among consumers.

Dry, by form, is estimated to account for the largest market share during the forecast period

The dry baking ingredients market holds the largest market in 2020 and is expected to grow at the highest rate during the forecast period. This growth is attributed to the use of more dry ingredients, such as flour, baking powder, baking soda, yeast, sugar, and salt, in baking than liquid ingredients. Baking mixes have become popular which contain all dry ingredients and can be used for various applications, such as bread, cakes, waffles, muffins, and pizza crusts.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=172589056

Europe is estimated to hold the largest market share during the forecast period

Europe holds the largest market for baking ingredients, with an overall 32.4% in the year 2020. According to AIBI bread market report 2012, Europeans on average consumed 58 kgs of bread and bakery products per capita. Bread and bakery products are produced in a number of different ways: by large industrial companies, by traditional smaller-scale bakeries, and by people at home. Furthermore, the region remains one of the important markets for baking ingredient companies due to its size and favorable regulatory environment. The bakery industry is the largest in Europe. The baking ingredients market is growing rapidly due to various factors, such as increased consumption of baked goods, especially as convenient food products, and awareness about natural baking ingredients, such as yeast extracts, enzymes, and fiber. Europe can be considered as a mature market with high uses of yeast across various bakery food applications. The market in the European Union (EU) revolves around bread production.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the baking ingredients market. It consists of the profiles of leading companies such as Cargill (U.S.), Archer Daniels Midland Company (U.S.), Associated British Foods plc (U.K.), Koninklijke DSM N.V. (The Netherlands), Kerry Group plc (Ireland), and AAK AB (Sweden). Other players include British Bakels (U.K.), Corbion (the Netherlands), IFF (US), and Dawn Food Products, Inc. (U.S.).

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Baking Ingredients Market worth $22.3 billion by 2026 here

News-ID: 2399486 • Views:

More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to Surpass USD 36.7 billion
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth. Download PDF Brochure @
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMarkets
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2030 | Leading key players are ABB, Schneider Electric, Eaton, Vertiv
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of

All 5 Releases


More Releases for Baking

Industrial Baking Ovens Market, Heating Up Innovation and Efficiency in Commerci …
📊 Market Overview & Growth Insights The global industrial baking ovens market is experiencing steady growth driven by rising demand for processed and packaged bakery products. Key drivers include population growth, urbanization, changing lifestyles, and the booming food service and retail bakery sectors. Moreover, increased adoption of automation technologies-like programmable logic controls (PLCs), precision temperature regulation, and IoT-enabled connectivity-is fueling a shift toward high-throughput, energy-efficient baking operations. Get a Sample PDF Brochure
Baking Powders and Mixes: A Rising Star in the Baking Ingredients Market
The baking ingredients market is experiencing a surge in growth, driven by increasing consumer interest in home baking and the demand for convenient, high-quality products. Within this dynamic landscape, the baking powders and mixes segment presents a particularly high-opportunity area, offering convenience, consistency, and a gateway to baking success for both novice and experienced bakers. Market Dynamics and Growth Drivers In today's fast-paced world, consumers are seeking convenient solutions that don't compromise
Baking Mats Market Report 2018: Segmentation by Type (Silicone Baking Mats, Plas …
Global Baking Mats market research report provides company profile for Silikomart, Mrs. Anderson, Joseph Joseph, Paderno World Cuisine, Silchef, Freshwar, Silpat, Artisan and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also
Baking Powder Market - Changing Food Habits Drive Demand for Baking Powder
The global baking powder market is consolidated with the majority of the revenues being shared by companies such as Clabber Girl Corporation, ACH Food Companies Inc., and Caravan Ingredients, Inc. Promising players such as Weikfield and Hansells Food Group are conducting forward and backward integration to take advantage of economies of scale and reduce the production cost. Transparency Market Research (TMR), in its new study, reports that many companies are
Global Commercial Baking Equipment Market 2017 - Hobart, Vulcan, Blodgett, Robot …
Commercial Baking Equipment Market 2017 Industry research report provides important information to identify and analyze the market need, market size and competition. This market research report used in maintaining competitiveness over competitors. Scope of the Report: This report focuses on the Commercial Baking Equipment in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Global Food Baking Equipment Sales 
Global Food Baking Equipment Sales  This report studies sales (consumption) of Food Baking Equipment in Global market, especially in United States, China, Europe and Japan, focuses on top players in these regions/countries. For Sample Report Request: http://www.reporthive.com/request-sample.php?id=813878 with sales, price, revenue and market share for each player in these regions, covering. TOC (Table of content) For Report: Global Food Baking Equipment Sales Market Report 2017 For Detail Report Request : http://www.reporthive.com/details/global-food-baking-equipment-sales-market-report-2017 1 Food Baking Equipment Overview 1.1 Product