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Frozen Bakery Additives Market to Increase at Steady Growth Rate by 2016-2024
Global Frozen Bakery Additives Market: Overview
Frozen bakery additives are used to enhance the shelf life of the food & bakery products. These additives restrict the growth of the bacteria and other humectants and protect food products from drying. Frozen bakery additives are added to improve flavors, colors, appearance, taste, and thickeners of the bakery product. Some of the commonly used bakery additives are emulsifiers and oxidizing agents. These additives assist food manufacturers to add extra life to food products, enhance the quality, and improve nutrition.
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Global Frozen Bakery Additives Market: Segmentation
The global frozen bakery additives market has been categorized on the basis of application, product type, and geography. On the basis of application, the global market is categorized into frozen cakes, frozen pastry, frozen bread, frozen pizza crust, and other frozen bakery products. Based on product type, the global market is fragmented as reducing agents, colors & flavors, oxidizing agents, enzymes, emulsifiers, and preservatives. Of these, emulsifiers contributed for the largest market share in the global market. They are used to improve structure and shelf life of food products. Geographically, the global frozen bakery additives market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Global Frozen Bakery Additives Market: Growth Factors
The global market for frozen bakery products is expected to grow at moderate rate due to increasing concerns to reduce waste and adopt more increasing concerns in food processing. Escalating demand for processed food, environment-friendly manufacturing process, and quality food at affordable prices may boost the global market growth in coming years. Moreover, exponential growth in the disposable incomes and favorable economic conditions is anticipated to foster the global market growth. Additionally, tremendous opportunities in the frozen bakery additives market coupled with significant technological advancements have helped to influence the global market in a positive way. The increasing use of frozen bakery additives in key applications is contributing to the growth of this market. Furthermore, growing health concerns among the consumers may propel the global frozen bakery additives market growth. However, some factors curtailing the growth of the global frozen bakery additives market are restricted temperature, consolidated market, and PH operational range.
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Global Frozen Bakery Additives Market: Regional Analysis
Europe is estimated to emerge as the fastest growing region owing to higher revenue generator in the last few years for frozen bakery additives. Furthermore, increasing disposable income and rapid urbanization in this region have increased the demand for frozen bakery additives further boosting the growth of the market. The market for frozen bakery additives in North America is anticipated to grow significantly due to increasing economic scenario. Moreover, growth in the market is mainly due to change consumer preferences for processed food due to increased health concerns and busy lifestyle. Asia Pacific contributed for significant market share owing to growing influence of western food culture and changes in food habits, which is expected to impel the demand for frozen bakery additives fueling the global market.
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Global Frozen Bakery Additives Market: Competitive Players
Major players operating in the global frozen bakery additives market are Archer Daniels Midland Co., Associated British Foods Plc, E.I. Dupont De Nemours & Company, Puratos Group N.V., Sensient Technologies Corp., and David Michael & Co. Other players include Palsgaard A/S, Lasenor Emul S.L., Purac Biochem B.V., Shenzhen Leveking Bio-Engineering Co. Ltd., Jungbunzlauer AG, and Dow the Color House.
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