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Global Baking Ingredients Market to Grow at a CAGR of 5.8% by 2028

09-05-2022 12:59 PM CET | Leisure, Entertainment, Miscellaneous

Press release from: skyquestt

According to the latest research by SkyQuest Technology, global baking ingredients market was valued at US$ 16.6 billion in 2021 and it is expected to reach at US$ 24.95 billion by 2028, at a CAGR of 5.8% over forecasted period.

Baking ingredients are used in a variety of baked goods, including buns, rolls, and pies, cakes and pastries, biscuits and cookies, and bread. Baking ingredients are used in bakery items to improve overall product quality and extend shelf life. A high-quality baking ingredient aids in the preservation of the baked product's softness and flavour. During the lock-down period, the worldwide home-baking ingredients market is expanding at an outstanding rate. With increased demand for bakery products around the world in recent years, the home-baking ingredients market has seen a surge, with product patterns shifting in step with emerging trends. In general, the bakery food segment seeks to satisfy clients seeking a sweet delight. Consumers are shifting to the baked goods category for luxury products that may be used for holidays and special occasions. Demand for packaged and convenience foods is increasing as living standards and economic situations improve in both developing and established economies. Consumers have adopted convenience and packaged foods due to a growing need for leisure, hectic lifestyles, and time constraints. This has increased demand for bakery products such as pastries, cakes, pizza, and bread, as well as baking ingredients.

Get Full Industry Research PDH Here: https://skyquestt.com/report/baking-ingredients-market

In the baking ingredients market, the Asia Pacific region is predicted to develop at the highest rate. The worldwide baking industry's tides are moving as the North American and European markets age and new global regions emerge with enormous growth prospects. In the future years, the APAC region is predicted to be a dynamic and rapidly rising region for the baking ingredients industry. According to the Indian Bakers Federation (I.B.F), the most popular product in India is biscuits, followed by sliced bread, cupcakes, pastries, and brownies. Furthermore, baked items are increasingly finding their way onto shop shelves around the region. During the forecast period, the Middle East and Africa are predicted to have the quickest CAGR in the baking ingredients market. The region's baking ingredients market is being driven by increased convenience food consumption and the expansion of the foodservice sector. The fast development of food retail chains, such as supermarkets and hypermarkets, as well as department stores that sell a variety of processed food goods, is leading to an increase in demand for convenience food throughout the Middle East and Africa. Furthermore, food service is one of the region's fastest growing sectors, owing to the growing tendency of visiting cafés, restaurants, quick-service restaurants (QSRs), and so on on weekends. Increased consumption of convenience foods drives the expansion of the bakery business in the Middle East and Africa, propelling demand for baking ingredients.

Click Here to Download and Understand Latest Key Trends: https://skyquestt.com/sample-request/baking-ingredients-market

Read Market Research Report, "Global Baking Ingredients Market by Product Type (Emulsifiers, Enzymes, Starch, Fiber, Oils, Fats, Shortenings, Baking Powder and Mixes, Preservatives, Colors & Flavours, Leavening Agents, Others), Application (Bread, Sweet Bakery), Form (Dry, Liquid), and Region - Forecast and Analysis 2022-2028" by SkyQuest.

The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about global baking ingredients market revenue. The projections featured in the report have been derived using proven research methodologies and assumptions.

Report Findings
Drivers- The important factor driving the expansion of the market is increasing bakery and confectionery consumption.

Restraint- Stringent international quality standards for food saftey are anticipated to hamper market growth.

What does this Report Deliver?
Market Estimation for 20+ Countries
Baking Ingredients Market demand by Region, Sub-Region, and Country
Customization on Segments, Regions, and Company Profiles
100+ tables, 150+ Figures
Global, Regional and Country specific Baking Ingredients Market Trends
Comprehensive Mapping of Baking Ingredients Market Parameters
Attractive Investment Proposition in the Global Baking Ingredients Market Industry
Competitive Strategies Adopted by Baking Ingredients Market Key Players
Drivers, Restraints, Opportunities, Challenges, and the impact on the Baking Ingredients Market Size
Market growth rate till 2028
Regulatory scenario, regional dynamics, and Baking Ingredients Market insights of leading countries in each region
In-depth Market insights by Region and Country
Market Segmentation Trend Analysis, Opportunities and Growth
Porter's five force analysis to know the market's condition
Pricing Analysis and Baking Ingredients Market Sales
Parent market analysis
Product portfolio benchmarking

Speak with our analyst for more information: https://skyquestt.com/speak-with-analyst/baking-ingredients-market

SkyQuest has segmented the Global Baking Ingredients Market based on Product Type, Application, Form, and Region:
Global Baking Ingredients Market by Product Type (Revenue, USD Billion, 2021-2028)
Emulsifiers
Enzymes
Starch
Fiber
Oils
Fats, Shortenings
Baking powder and mixes
Preservatives
Colors & flavors
Leavening agents
Others


Global Baking Ingredients Market by Application (Revenue, USD Billion, 2021 - 2028)
Bread
Sweet bakery

Global Baking Ingredients Market by Form (Revenue, USD Billion, 2021 - 2028)
Dry
Liquid

Global Baking Ingredients Market by Region (Revenue, USD Billion, 2021 - 2028)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Latin America
Brazil
Mexico
Argentina
Colombia
Middle East & Africa
South Africa
Rest of Middle East & Africa

Key Players in the Global Baking Ingredients Market
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)
AAK AB (Sweden)
British Bakels (U.K.)
Corbion (the Netherlands)
IFF (U.S.)
Dawn Food Products Inc. (U.S.)
Ingredion Incorporated (U.S.)
Puratos (Belgium)
Lesaffre (France)
Corbion N.V. (Netherlands)

About Us:
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.

Address:
1 Apache Way, Westford, Massachusetts 01886
Phone:
USA (+1) 617-230-0741
Email: sales@skyquestt.com

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