The Europe Bakery Ingredients Market is estimated at USD 7.48 billion in 2019 and is expected to expand at a CAGR of 5.65 % to reach USD 10.2 billion by 2024.Baking ingredients like baking powder, sugar, baking soda, honey, flavor enhancers and color additives are to help in enhancement of product quality, reduce time and longevity in bakery goods. For example, bread-making yeast is an essential ingredient that emits a gas, which should be stored inside the dough for excellent results.
Drivers and Restraints:
Drivers:
Restraints:
The competition of ingredients among themselves, for example, the use of use enzymes will limit the use of emulsifiers during the baking process, so this self-competition makes the market bit unpredictable and therefore hamper the growth of Europe Bakery Ingredients Market.
Recent Developments of the Europe Bakery Ingredients market:
Archer Daniels Midland Company, a giant in Europe Bakery Ingredients market, invests 80 million USD in Spain in 2016 for Bakery Ingredients. It is very evident that the company is planning on aggressive expansion strategies.
Research Methodology:
The research of the Europe Bakery Ingredients market takes place in two phases namely-
Secondary Research The first phase of the research process is extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. Extensive secondary research helps in generating hypothesis and identifying critical areas of interest that are investigated through primary research.
Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.
Market Segmentation Analysis:
Based on the End-Products, the Europe Bakery Ingredients market is segmented into Cookies & Biscuits, Cakes & Pastries, Bread, Pies, Rolls and Other items. Out of these, Bread segment holds the majority of the market share with over 45%, which can be attributed to the fact that bread is the primary food product in many European countries. Also, Cakes and Pastries are is expected to be the fastest-growing segment with a CAGR of over 6.8%. Many restaurants and coffee shops nowadays offer Cakes and Pastries as deserts for the sweet and pleasant ending experience.
Based on the Ingredient Type, the Europe Bakery Ingredients market is segmented into Enzymes, Sweeteners, Leavening Agent, Emulsifiers Preservatives, Food Colors and Flavors and Other Segments. Out of these, Food Colors and Flavors is both the largest and the fastest-growing segment that accounted for over 25% in 2019. The sector is expected to expand at CAGR of 7.3% during the forecast period of 2019 - 2024 due to the demand for food products that look and smell good. Half the taste of the food lies in odor and look of the food, which is a significant driver of the Food and Colors Segment of Europe Bakery Ingredients Market.
Europe Bakery Ingredients Market Regional analysis:
Based on the Region, the Europe Bakery Ingredients market is segmented into Germany, UK, France, Italy, Russia, Spain. Out of these, the U.K holds the majority of the market share in 2019, with over 20%. This is mainly due to the most extensive consumer base of bread in the region.
Key players of Bakery Ingredients Market:
The key players of Europe British Ingredients market include
Europe Bakery Ingredients Market Research Report Key Highlights:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By End-Products
5.1.1 Introduction
5.1.2 Cookies & Biscuits
5.1.3 Cakes & Pastries
5.1.4 Breads
5.1.5 Pies
5.1.6 Others
5.1.7 Y-o-Y Growth Analysis
5.1.8 Market Attractiveness Analysis
5.1.9 Market Share Analysis
5.2 By Ingredient Type
5.2.1 Introduction
5.2.2 Enzymes
5.2.3 Sweeteners
5.2.4 Leaving Agent
5.2.5 Emulsifiers
5.2.6 Preservatives
5.2.7 Food Colors and Flavors
5.2.8 Other Segments
5.2.9 Y-o-Y Growth Analysis
5.2.10 Market Attractiveness Analysis
5.2.11 Market Share Analysis
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By End-Product
6.1.3.3 By Ingredient Type
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By End-Product
6.1.4.3 By Ingredient Type
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By End-Product
6.1.5.3 By Ingredient Type
6.2 U.K
6.3 France
6.4 Italy
6.5 Russia
6.6 Spain
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leader Analysis
8.1 Royal DSM
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Kerry Group PLC
8.3 The Bakers Group
8.4 Corbion N.V.
8.5 Lesaffre Group
8.6 Cargill Incorporated
8.7 Dawn Food Products Inc
8.8 Tate & Lyle PLC
8.9 DuPont Pioneer
8.10 Archer Daniels Midland Company
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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