Health Awareness And Shifting Food Preferences Boost Vegan Baking Ingredients Market: Strengthening the Growth Trajectory of the Vegan Baking Ingredients Market

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What Is the Expected CAGR for the Vegan Baking Ingredients Market Through 2025?
The size of the vegan baking ingredients market has seen a substantial increase in recent years. There's a predicted growth from $1.96 billion in 2024 to $2.12 billion in 2025 with a compound annual growth rate (CAGR) of 8.3%. Factors fueling this growth over the historic period include heightened uptake of vegan and plant-based diets, increased awareness about animal welfare and ethics, health and wellness trends pushing the necessity for healthier ingredients, solutions for baking that are allergen-free and appropriate for those with food intolerances, and the scalation of vegan and specialty food retail channels.

What's the Projected Size of the Global Vegan Baking Ingredients Market by 2029?
Expectations are high for a robust growth trajectory for the vegan baking ingredients market in the coming years. The market is projected to surge to $3.03 billion in 2029, with a compound annual growth rate (CAGR) of 9.4%. The increasing market expansion in emerging economies, active collaborations and partnerships in ingredient development, interest in clean label and non-GMO ingredients, as well as the growing demand for convenience in baking solutions could contribute to this growth during the forecast period. Key trends identified in the forecast period include, but are not limited to the advancement of vegan ingredient alternatives, dairy-free milk and butter substitutes, choices for gluten-free and grain-free flour, natural sweeteners and sugar substitutes, alongside functional ingredients that boost nutritional value.

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Top Growth Drivers in the Vegan Baking Ingredients Industry: What's Accelerating the Market?
There's an anticipated surge in the vegan baking ingredients market driven by the increased consciousness about one's health and the switch towards different food choices. The concept of health awareness pertains to the understanding of health, healthcare, medical necessities, diseases, and preventive measures. This form of awareness has prompted individuals to opt for a vegan diet, which is fundamentally plant-based and is considered a healthier food option. For example, a survey conducted by the Organic Trade Association, a business association based in the US, revealed in May 2023 that organic food sales in the US in 2022 had spiked to 61670, which is a 4.3% rise from 59149 in 2021. As such, the vegan baking ingredients market is being pushed forward by the escalation in health consciousness as well as the change in food tastes.

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What Trends Will Shape the Vegan Baking Ingredients Market Through 2029 and Beyond?
The rising trend of product innovation is becoming notable in the vegan baking ingredients industry. Eminent businesses in this sector are introducing novel and creative solutions to cater to their consumers. For example, Plantible Foods, a biotech company based in the US, debuted Rubi Whisk in June 2023. This functional ingredient is utilized as a substitute for eggs in the industrial production of various baked items like bread, donuts, cookies, cakes, pastries, and pasta. To create the Rubi Whisk, the company extracts the RuBisCO protein from a Lemna plant. The Rubi protein RuBisCO is a colorless, odorless powder that can replace or complement animal proteins due to its distinct features. Rubi Whisk, an egg-free and gluten-free vegan baking product, offers both taste and functionality.

What Are the Main Segments in the Vegan Baking Ingredients Market?
The vegan baking ingredients market covered in this report is segmented -

1) By Product Type: Starch, Raising Agent, Emulsifier, Baking Powder and Mixes, Vegetable Oil, Colors and Flavors, Enzymes
2) By Nature: Conventional Vegan Baking Ingredients, Organic Vegan Baking Ingredients
3) By Application: Cakes and Pastries, Biscuits and Cookies, Bread and Buns

Subsegments:
1) By Starch: Corn Starch, Potato Starch, Tapioca Starch, Arrowroot Starch
2) By Raising Agent: Baking Soda, Baking Powder, Yeast
3) By Emulsifier: Lecithin, Mono- And Diglycerides, Plant-Based Emulsifiers
4) By Baking Powder And Mixes: Gluten-Free Baking Mixes, All-Purpose Baking Mixes, Specialty Baking Mixes
5) By Vegetable Oil: Coconut Oil, Olive Oil, Canola Oil, Avocado Oil
6) By Colors And Flavors: Natural Colors, Natural Flavors
7) By Enzymes: Amylase, Protease, Lipase.

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Which Top Companies are Driving Growth in the Vegan Baking Ingredients Market?
Major companies operating in the vegan baking ingredients market include Associated British Foods plc, DuPont de Nemours Inc., Ingredion Inc., Döhler GmbH, Lallemand Baking Inc., Bakels Group JR, Cargill Incorporated, Turtle Island Foods Inc., Veganz Group AG, B&G Foods Inc., CSM Ingredients SARL, Koninklijke DSM NV, Lesaffre Group, Pak Group BV, Dawn Food Products Inc., Kerry Group plc, Upfield Holdings BV, Vitasoy International Holdings Limited, Violife Holdings BV, Hain Celestial Group, Bakels Worldwide, Puratos Group, Archer Daniels Midland Company, Tate & Lyle plc, Corbion NV, Roquette Frères SA, Ingredion Incorporated, Chr. Hansen Holding A/S, Kerry Group, Barry Callebaut AG, Olam Internationa Ltd.

Which Regions Will Dominate the Vegan Baking Ingredients Market Through 2029?
Europe was the largest region in the vegan baking ingredients market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vegan baking ingredients market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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