Press release
Baking Ingredients Market is Forecast to a Readjusted Size of US$ 33.05 Billion With a CAGR of 6.4% Forecast by 2025-2034
Baking Ingredients Market
Market Introduction:
Baking is a method of cooking using dry heat, typically in an oven. It is considered one of the oldest cooking techniques. Baked goods such as bread, rolls, cookies, pies, pastries, and muffins are usually made from flour or meal derived from various grains. Flour, water, and leavening agents are the primary ingredients responsible for the characteristic appearance, texture, and flavor of most baked products. Additional ingredients like eggs, milk, salt, shortening, and sugar further influence and enhance these qualities.
Wheat flour is unique among cereal flours because, when mixed with water in proper proportions, its protein content forms an elastic network (gluten) capable of trapping gas. This creates a firm, spongy structure during baking. Nearly all commercial breads, except for certain salt-rising types and some rye varieties, are leavened with baker's yeast, composed of live cells from the Saccharomyces cerevisiae strain. This yeast plays a vital role in dough fermentation.
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Key Growth Factors:
Expanding Baking Industry:
The bakery industry is augmenting speedily as the intake of bakery products involving bread, pastries, cakes, cookies and other baked commodities is surging. As per the US Bureau of Labor Statistics, in 2023, the US bakery industry engaged 243,400 persons. Other elements such as population growth and urbanization, and shifting consumer inclination assist in elevated demand for bakery commodities, propelling the baking ingredients market forward.
Augmentation of Retail Channels:
The worldwide augmentation of retail channels and smart retail avenues into underdeveloped and previously underserved areas is notably pushing the obtainability and clarity of bakery commodities. As per the Government of Canada, worldwide retail sales of baked commodities hit USD 407,164.2 million in 2021, highlighting the augmentation of retail channels.
Competitive Landscape:
The firms acquire strategies such as product inventions, associations, and augmentation in surfacing markets to escalate their market share.
Major companies are noted below:
• Aryzta AG
• Associated British Foods plc
• Bread Talk Co. Ltd
• Britannia Industries Ltd
• Finsbury Food Group
• Flower Foods Inc
• General Mills Inc
• George Weston Ltd
• Goodman Fielder
• Grupo Bimbo S.A.B. de C.V
• Hostess Brands LLC
• Koninklijke DSM V.V
• Mckee Foods Corporation
• Mondelez International
• Monginis Food Pvt. Ltd.
• Nestle SA
• Tiger Brands Company
• Uniferm GmbH & Co.
• Yamazaki Baking Co. Ltd
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Baking Ingredients Market Report Highlights:
• Based on product, in 2024, the baking powder & mixes segment dominated the baking ingredients market revenue share, as it is widely employed as a fundamental component in bakery products worldwide.
• The bread segment, by end use, is expected to witness significant growth during the forecast period as it is used as a staple food in numerous countries globally, with its consistent demand growth attributed to affordability and nutritional value.
• In 2024, North America dominated the market. The trend of on-the-go food lifestyles in countries such as Canada and the US is driving the demand for bakery products in the region.
• The Asia Pacific market is expected to record the highest CAGR during the forecast period as many businesses are inclined to enhance their production volume and employ new production techniques to deliver high-quality products.
Segmentation Analysis:
By Product Outlook (Revenue, USD Billion; 2020-2034)
• Oils, Fats, and Shortenings
• Enzymes
• Preservatives
• Colors & Flavors
• Starch
• Baking Powder & Mixes
• Yeast
• Emulsifiers
• Others
By End Use Outlook (Revenue, USD Billion; 2020-2034)
• Bread
• Cakes and Pastries
• Cookies and Biscuits
• Rolls and Pies
• Others
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Geographical Segmentation:
This section majorly focuses on several developments taking place in the region, including substantial development, and how these developments are affecting the baking ingredients market.
North America dominated the market share in 2024, owing to the trend of on-the-go food lifestyles in countries such as Canada and the US.
Asia Pacific is expected to witness the highest CAGR due to the rising urban population in the region.
• North America
o Product Outlook
• Oils, Fats, and Shortenings
• Enzymes
• Preservatives
• Colors & Flavors
• Starch
• Baking Powder & Mixes
• Yeast
• Emulsifiers
• Others
o End-Use Outlook
• Bread
• Cakes and Pastries
• Cookies and Biscuits
• Rolls and Pies
• Others
• Asia Pacific
o Product Outlook
• Oils, Fats, and Shortenings
• Enzymes
• Preservatives
• Colors & Flavors
• Starch
• Baking Powder & Mixes
• Yeast
• Emulsifiers
• Others
o End-Use Outlook
• Bread
• Cakes and Pastries
• Cookies and Biscuits
• Rolls and Pies
• Others
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Global Food Baking Equipment Sales Market Report 2017
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1 Food Baking Equipment Overview
1.1 Product…
