USD 22,592.6 Million Revenue in Bakery Ingredients Market with CAGR of 7.2% - Europe was Dominant Region

Bakery ingredients are the building blocks of finished bakery foods such as bread, cookies & biscuits, rolls & pies, cakes & pastries, and others. Increase in trend of healthy eating and rise preference for convenience food are the primary factors boosting the growth of the market. Prominent players and large corporates are developing their products to follow the consumer trends and boost the company growth to occupy major bakery ingredients market share.

𝗚𝗹𝗼𝗯𝗮𝗹 𝗯𝗮𝗸𝗲𝗿𝘆 𝗶𝗻𝗴𝗿𝗲𝗱𝗶𝗲𝗻𝘁𝘀 𝗺𝗮𝗿𝗸𝗲𝘁 𝘀𝗶𝘇𝗲 𝘄𝗮𝘀 𝘃𝗮𝗹𝘂𝗲𝗱 𝗮𝘁 $𝟭𝟮,𝟵𝟲𝟬.𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝟮𝟬𝟮𝟬, 𝗮𝗻𝗱 𝗶𝘀 𝗽𝗿𝗼𝗷𝗲𝗰𝘁𝗲𝗱 𝘁𝗼 𝗿𝗲𝗮𝗰𝗵 $𝟮𝟮,𝟱𝟵𝟮.𝟲 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗯𝘆 𝟮𝟬𝟯𝟬, 𝗿𝗲𝗴𝗶𝘀𝘁𝗲𝗿𝗶𝗻𝗴 𝗮 𝗖𝗔𝗚𝗥 𝗼𝗳 𝟱.𝟲% 𝗳𝗿𝗼𝗺 𝟮𝟬𝟮𝟭 𝘁𝗼 𝟮𝟬𝟯𝟬.

𝗙𝘂𝗹𝗹 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 : https://www.alliedmarketresearch.com/request-sample/2366

𝗚𝗹𝗼𝗯𝗮𝗹 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀:-

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, Inc., Bakels Group, and Lallemand Inc. The other players in the value chain include Sdzucker, Taura Natural Ingredients Ltd., AAK AB, Tate & Lyle PLC, Corbion N.V., IFFCO Corporate, CSM Bakery Solutions, Novozymes, and Puratos Group.

However, inclination toward healthier cereals, such as oats, as compared to baked products and stringent regulations on the ingredients used in baked food products & international quality standards hamper the bakery ingredients market growth.

Nevertheless, increase in popularity of frozen baked foods along with efforts of the key players to innovate & manufacture healthier food items, reduced production costs, and increased shelf life of products are anticipated to provide lucrative opportunities to the market players operating in the bakery ingredients market.

𝗠𝗮𝗸𝗲 𝗮𝗻 𝗘𝗻𝗾𝘂𝗶𝗿𝘆 : https://www.alliedmarketresearch.com/purchase-enquiry/2366

According to the bakery ingredients market analysis, the bakery ingredients market is segmented on the basis of type, the market is divided into enzymes, starch, fiber, colors, flavors, emulsifiers, antimicrobials, fats, dry baking mix, and others. On the basis of application, it is fragmented into bread, cookies & biscuits, rolls & pies, cakes & pastries, and others. Region wise, the bakery ingredients market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Spain, Italy, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Indonesia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, United Arab Emirates, South Africa, Saudi Arabia and rest of LAMEA).

According to the bakery ingredients market trends, the dry baking mix segment dominated the global market with around 18.4% share of the overall revenue in 2020. The fiber segment is expected to witness significant growth during the forecast period, owing to its associated health benefits such as healthy gut and weight management.

The enzymes segment is expected to grow at a significant CAGR during the forecast period, as enzymes serve as an ideal alternative to potassium bromate, which is banned in regions such as European Union, Canada, Brazil, Argentina, Peru, India, China, South Korea, and Sri Lanka.

𝗧𝗮𝗹𝗸 𝘁𝗼 𝗢𝘂𝗿 𝗔𝗻𝗮𝗹𝘆𝘀𝘁 : https://www.alliedmarketresearch.com/connect-to-analyst/2366

North America and Europe accounted around 67.8% share of the bakery ingredients market in 2020, owing to the presence of different varieties and large-scale consumption of bakery ingredients. Rise in disposable income, increase in urbanization, and shift in trend toward Western-style diet boost the growth of the bakery industry in the Asia-Pacific.

𝗞𝗲𝘆 𝗙𝗶𝗻𝗱𝗶𝗻𝗴𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗦𝘁𝘂𝗱𝘆:

The global bakery ingredients market size was valued at $12,960.0 million in 2020, and is projected to reach $22,592.6 million by 2030, registering a CAGR of 5.6% from 2021 to 2030.

By type, the dry baking mix was the highest contributor to the market, with $2,392.6 million in 2020, and is estimated to reach $4,286.9 million by 2030, at a CAGR of 5.9% during the forecast period.

By application, the bread segment was the highest contributor to the market, with $8,945.8 million in 2020, and is estimated to reach $15,400.6 million by 2030, at a CAGR of 5.5% during the forecast period.

By region, Europe was the highest revenue contributor, accounting for $5,094.6 million in 2020, and is estimated to reach $8,607.0 million by 2030, with a CAGR of 5.3%.

𝗠𝗮𝗸𝗲 𝗮 𝗗𝗶𝗿𝗲𝗰𝘁 𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲 𝗢𝗿𝗱𝗲𝗿 𝗮𝗻𝗱 𝗚𝗲𝘁 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 : https://www.alliedmarketresearch.com/checkout-final/6715cc8af875c2f58f0cfb6005e2c8fb

𝗕𝗿𝗼𝘄𝘀𝗲 𝗧𝗿𝗲𝗻𝗱𝗶𝗻𝗴 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 :

𝗚𝗹𝗼𝗯𝗮𝗹 𝗦𝗼𝘆 𝗣𝗿𝗼𝘁𝗲𝗶𝗻 𝗜𝗻𝗴𝗿𝗲𝗱𝗶𝗲𝗻𝘁𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗜𝘀 𝗘𝘅𝗽𝗲𝗰𝘁𝗲𝗱 𝘁𝗼 𝗥𝗲𝗮𝗰𝗵 $𝟭𝟱.𝟯𝟬 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗯𝘆 𝟮𝟬𝟯𝟬: 𝗦𝗮𝘆𝘀 𝗔𝗠𝗥
https://www.globenewswire.com/en/news-release/2022/06/07/2457683/0/en/Global-Soy-Protein-Ingredients-Market-Is-Expected-to-Reach-15-30-Billion-by-2030-Says-AMR.html

𝗚𝗹𝗼𝗯𝗮𝗹 𝗜𝗰𝗲 𝗖𝗿𝗲𝗮𝗺 𝗜𝗻𝗴𝗿𝗲𝗱𝗶𝗲𝗻𝘁𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗜𝘀 𝗘𝘅𝗽𝗲𝗰𝘁𝗲𝗱 𝘁𝗼 𝗥𝗲𝗮𝗰𝗵 $𝟵𝟯.𝟱 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗯𝘆 𝟮𝟬𝟮𝟴: 𝗦𝗮𝘆𝘀 𝗔𝗠𝗥
https://www.globenewswire.com/news-release/2021/10/19/2316666/0/en/Global-Ice-Cream-Ingredients-Market-Is-Expected-to-Reach-93-5-Billion-by-2028-Says-AMR.html

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