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Vegan Baking Ingredients Global Market 2023 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2032 | Associated British Foods plc, BASF SE, DuPont de Nemours Inc., Ingredion EMEA, Döhler
Vegan Baking Ingredients Global Market
Vegan Baking Ingredients Market Size, Growth Rate, And Forecast
The global vegan baking ingredients market size grew from $1.67 billion in 2022 to $1.82 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The vegan baking ingredients market size is expected to grow to $2.5 billion in 2027 at a CAGR of 8.3%.
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Vegan Baking Ingredients Market Drivers
The growing health awareness and changing food preference is expected to propel the growth of the vegan baking ingredients market going forward. Health awareness is the knowledge and awareness of health, healthcare, medical needs, diseases, and preventive actions in general. Health awareness made people shift towards a vegan diet, as they are plant-based food and healthier forms of food one can consume.
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Vegan Baking Ingredients Market Segments
• By Product Type: Starch, Raising Agent, Emulsifier, Baking Powder and Mixes, Vegetable Oil, Colors and Flavors, Enzymes,
• By Nature: Conventional Vegan Baking Ingredients, Organic Vegan Baking Ingredients,
• By Application: Cakes and Pastries, Biscuits and Cookies, Bread and Buns
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Vegan Baking Ingredients market.
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Vegan Baking Ingredients Market Key Players
Major competitors in the Vegan Baking Ingredients market include Associated British Foods plc, BASF SE, DuPont de Nemours, Inc., Ingredion EMEA, Döhler, Lallemand Baking
The Business Research Company's "Global Vegan Baking Ingredients Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Vegan Baking Ingredients Market Include:
1. Executive Summary
2. Vegan Baking Ingredients Market Characteristics
3. Vegan Baking Ingredients Market Trends And Strategies
4. Vegan Baking Ingredients Market - Macro Economic Scenario
5. Vegan Baking Ingredients Market Size And Growth
………
28. Key Mergers And Acquisitions In The Vegan Baking Ingredients Market
29. Vegan Baking Ingredients Market Future Outlook and Potential Analysis
30. Appendix
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Global Food Baking Equipment Sales Market Report 2017
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1 Food Baking Equipment Overview
1.1 Product…
