Baking Ingredients Market Size, Share, Global Demand | Likely to cross USD 21.08 Billion by 2028
Global Baking Ingredients Market By Type (Leavening Agents, Fats & Shortenings, Colors & Flavors, Baking Powders & Mixes, Emulsifiers, Starch, Enzymes, Oil, And Other Types) For Cakes & Pastries, Bread, Rolls & Pies, Biscuits & Cookies And Other Application: Global Industry Perspective, and Comprehensive Analysis. As Reported by Zion Market Research Firm, The Global Baking Ingredients Market accounted for almost USD 14.98 Billion in 2020 and is cross almost USD 21.08 Billion by end of 2028Read This Report: https://www.zionmarketresearch.com/report/baking-ingredients-market
Some of the key players in the Baking Ingredients Market are British Foods Limited, Cargill, Inc, Royal DSM N.V., Kerry Group plc, Corbin N.V., British Bakels Ltd, Muntons plc, AAK UK, Dawn Foods Ltd, Taura, CSM, Caravan Ingredients, crust 'n' crumb food ingredients Pvt Ltd. and Empire Baking Company among others.
Due to the high demand and active use of starch in the baking process, the segment dominated the market in the year 2020. The growth of the starch segment is supported by various benefits offered by it such as starch helping in improving texture and aims to increase the shelf life of baked products. Moreover, the rising consumption of bread across the globe is expected to boost the growth of the market as starch is the key ingredient in bread production. For instance, it is estimated that the total bread consumption accounted for 129,000 tonnes in 2016 as compared to 122,000 tonnes in 2007.
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Global Baking Ingredients Market: Growth Factors
The baking ingredients market is expected to rise in response to the rising demand for ready-to-eat foods. In developing markets, the transition from traditional home-cooked food to convenience foods has raised the demand for these baking products. Thereby, providing various growth opportunities in the market. Moreover, the adoption of a westernized lifestyle, dual-income households, a focus on healthy lifestyles, increased wellness awareness, and a rise in disposable income are the main factors driving the baked foods industry's expansion, which will fuel demand for baking ingredient manufacturers.
Global Baking Ingredients Market (Size, Share) Analysis by Regional Area
--North America: U.S, Anguilla, Antigua and Barbuda, Canada, Costa Rica, Dominican Republic, Grenada, Saba, Sint Maarten, Martinique, Rest of North America
--Europe: UK, Germany, France, Italy, Spain, Hungary, Ireland, Luxembourg, Monaco, Netherlands, Poland, Rest of Europe
--Asia Pacific: China, Japan, India, Southeast Asia, Afghanistan, Australia, Cambodia, Hong Kong, Rest of Asia Pacific
--Latin America: Brazil, Argentina, Bolivia, Chile, Colombia, Cuba, Mexico, Rest of Latin America
--The Middle East and Africa: GCC Countries, South Africa, Bahrain, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Oman, Qatar, Algeria, Ceuta, Libya, Morocco, Tunisia, Burundi, Ethiopia, Sudan, Chad, the Democratic Republic of the Congo, Tanzania, Rest of Middle East & Africa
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