Bakery Ingredients Market Key Trends and Growth Opportunities 2023-2031

The global bakery ingredients market size was US$ 13698.7 million in 2021. The global bakery ingredients market size is forecast to reach US$ 22595 million by 2030, growing at a compound annual growth rate (CAGR) of 5.7% during the forecast period from 2022 to 2030.

A bakery ingredient is anything that contributes to maintaining freshness, softness, and taste, increasing shelf life, and increasing the content of protein in baked goods. Among the ingredients used in bakery products such as doughnuts, pastries, cakes, rolls, pies, tarts, etc., are enzymes, emulsifiers, leavening agents, and baking powders.

Globally, these items form the basis of human nutrition and are available in many varieties in the market. With substantial investment in R&D, new functions across various baking ingredients are rapidly emerging, such as the replacement of fat with protein-based fats, flavor enhancements, textural improvements, and extending the shelf life of products. A baking ingredient of excellent quality contributes to the softness and taste of baked goods.

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Factors Influencing Market GrowthProducts such as bread and biscuits are in high demand and are forecast to contribute to market growth in the near future.

Several factors, such as busy lifestyles and changing dietary habits, drive the global bakery ingredients market.

The changing culture of people in developing nations and growth in demand for low-fat & gluten-free products will fuel the growth of the bakery ingredients market.

There is a trend towards substituting baked goods with cereals, such as oats, which may slow down the global market growth.

The potential market for frozen bakery foods, coupled with key players' efforts to lower production costs and increase shelf life, is forecast to create lucrative growth opportunities for the bakery ingredients market.

Impact Analysis of COVID-19

Global concerns over COVID-19 have negatively affected the global bakery ingredients market. In addition, due to the high demand and low supply trends, ingredient prices increased in 2020 to compensate for economic instability. A disruption in the supply chain in shipping could lead to temporary shortages in supply, pushing prices up in the short term.

Regional Insights

Europe region accounted for the largest share in the market in 2021. The rapidly expanding population, coupled with a growing demand for baked goods and the use of advanced technologies for the production of various baked goods, helped drive the growth of this region.

The Asia Pacific region is forecast to grow at a significant share of the global market during the forecast period. This growth is due to an increase in bread and biscuit & cookie baking applications, such as leaving agents, emulsifiers, and fats & shortenings.

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Leading Competitors

The leading prominent companies profiled in the global bakery ingredients market are:

Archer-Daniels-Midland Company
Associated British Foods Plc.
Cargill Incorporated
E. I. Du Pont De Nemours and Company
Ingredion Incorporated
Kerry Group, Plc.
Koninklijke DSM N.V.
Dawn Food Products, Incorporated
Bakels Group
Lallemand Incorporated
Sdzucker
Taura Natural Ingredients Limited
AAK AB
Tate & Lyle PLC
Corbion N.V.
IFFCO Corporate
CSM Bakery Solutions
Novozymes
Puratos Group
Other Prominent Players

Scope of the Report

The global bakery ingredients market segmentation focuses on Application, Type, and Region.

Segmentation based on Application

Bread
Rolls & Pies
Cakes & Pastries
Others

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Segmentation based on Type

Enzymes
Starch
Fiber
Colors
Flavors
Emulsifiers
Antimicrobials
Fats
Dry baking mix
Others

Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

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