Bakery Ingredients Industry to Reach US$ 20.42 Billion by 2027

According to the latest research report by IMARC Group, titled "Bakery Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" The global bakery ingredients market reached a value of US$ 14.83 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 20.42 Billion by 2027, exhibiting a CAGR of 5.39% during 2022-2027.

Bakery ingredients refer to food products that are used in the preparation of a wide range of bakery and confectionery products, such as bread, biscuits, pies, cakes, and pastries. Additionally, they also aid in improving and maintaining the freshness, taste, aroma, and shelf-life of baked goods. Besides this, they help to enhance the nutritional content of the product as they contain amino acids, carbohydrates, vitamins, and fats. Some of the commonly utilized bakery ingredients include emulsifiers, fats, starch, shortenings, blends, colors, and flavors. Since the choice of bakery ingredients and their compositions determine the texture and flavor of the baked product, this is providing an impetus to the market growth. As a result, they are widely utilized in the food processing industry as they are readily available and blend well with other food ingredients.

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Industry Growth Drivers:

The increasing consumption of bakery food products is one of the key factors driving the global market. Coupled with the shifting lifestyle preferences due to the busy lifestyle led by the young population and urban dwellers is accelerating the market growth. Moreover, numerous key players are engaged in enhancing the nutritional level of bakery products and the introduction of organic bakery items due to the rising health consciousness among individuals are creating a positive market outlook. Furthermore, continuous improvements in organized distribution channels, such as hypermarkets, convenience stores, and the emerging e-commerce sector, are impacting the market growth favorably. Other factors, including the developing tourism and hospitality industries, changing dietary patterns of the masses, and the advent of home delivery models, are also positively influencing the market growth.

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Key Market Segmentation:

Competitive Landscape with Key Players:

The report has also analysed the competitive landscape of the market with some of the key players being Cargill, Koninklijke DSM N.V., Kerry Group, Südzucker, AAK AB, Associated British Foods, Lesaffre, Tate & Lyle, Archer Daniels Midland Company, Ingredion Incorporated, Corbion, IFFCO Ingredients Solution, Taura Natural Ingredients, Dawn Foods, Muntons, British Bakels, Lallemand, Novozymes, Taura Natural Ingredients, Puratos Group, etc.

Breakup by Product Type:

• Emulsifiers
• Leavening Agents
• Enzymes
• Baking Powder & Mixes
• Oils, Fats, and Shortenings
• Colors & Flavors
• Starch
• Others

Breakup by Application:

• Breads
• Cookies & Biscuits
• Rolls & Pies
• Cakes & Pastries
• Others

Breakup by End Use Sector:

• Industrial
• Foodservice
• Retail

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance 2016-2021
• Market Outlook 2022-2027
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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