Baking Ingredients Market Competition to Heat Up with Launch Innovative Technologies Reported Worldwide

The Baking Ingredients Market is projected to reach US$ 22,278.10 million by 2028 from US$ 16,444.97 million in 2022; it is expected to grow at a CAGR of 5.2% from 2022 to 2028.

Bakery ingredients include flour, yeast, sweeteners, emulsifiers, flavors, colors, stabilizers, hydrocolloids, and enzymes, among others. With the rapidly evolving health and wellness trends, consumers are becoming concerned about the use of chemical preservatives and synthetic additives in bakery products. This is catalyzing their switch to products with natural preservatives, colors, and flavors.

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Analysis of the Top Market Players:

1. Cargill, Incorporated
2. ADM
3. Associated British Foods plc
4. Koninklijke DSM N.V.
5. Kerry
6. AAK AB
7. British Bakels
8. Corbion
9. International Flavours & Fragrances
10. Dawn Food Products Inc.

In this report, the market has been segmented on the basis of:

Type (Baking Powder & Mixes; Emulsifiers; Enzymes; Starches; Colors & Flavors; Oils, Fats, and Shortening; and Others)
Application (Breads & Rolls, Biscuits & Cookies, Cakes & Pastries, and Others)

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This factor is driving the demand for functional, organic, and clean-label bakery ingredients. Further, people are focusing on their daily intake of nutrients and seek products that may supplement their diet with additional vitamins, minerals, and proteins. Therefore, bakery product manufacturers consider offering products with essential nutrients to cater to the evolving consumer trends. DSM, one of the leading ingredient companies, offers ingredients such as omega-3 powder and vitamin D powder, which can be used in a broad range of bakery applications, including bread, cookies, rolls, cakes, muffins, bagels, and waffles. Thus, rising health and wellness trends are projected to provide new opportunities to the baking ingredients market players in the coming years.

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