Europe Bakery Ingredients Market

Europe Bakery Ingredients Market Growth and Forecast (2023 - 2028):

The Europe Bakery Ingredients Market was worth US$ xx million in 2022, and it is estimated that it will reach a valuation of US$ xx million by 2028 with an annual expansion rate of xx% between 2023 and 2028.

Market Overview:

Enzymes are one of the most widely used bakery ingredients around the world due to their properties to improve texture and control flavor. As a bakery ingredient, enzymes have a wide range of applications, making them one of the most important bakery ingredients on the market. Bakery ingredients are used to offer the bakery products with an extended shelf life and augmented quality. Bakery ingredients are ingredients that are used in the bakery industry for a variety of qualitative purposes. The use of high-quality bakery ingredients, such as enzymes, has been widely used in developed countries for many years.

Europe Bakery Ingredients Market Growth:

The Europe market for bakery ingredients is driven by factors such as busy lifestyles and changes in eating habits, which consequently increase the consumption of bakery products.

Drivers:

The Europe bakery ingredients market is expected to show significant growth during the forecast period due to increasing demand from the food industry. The growing demand for bread and other bakery products in countries such as Italy and Spain are expected to increase the demand for bakery ingredients. Bread is replacing many traditional snacks and breakfasts. Bakery products are affordable even for all price-conscious customers in developing countries. Increasing disposable income, increasing importance of healthy lifestyles and nutritional awareness are key factors responsible for the growth of the bakery industry, with a high demand for Europe bakery ingredients from product manufacturers. Additionally, steep rise in obesity rates and growing fitness-related concerns have driven the demand for healthy bakery foods. Also, changes in the culture and daily lives of people in developing countries and the growing demand for low-trans-fat and gluten-free products are expected to increase market growth. Increasing demand for enzyme powders, mixes and products is expected to be one of the main drivers of the Europe bakery ingredients market. Demand is expected to increase as consumer preference for a variety of bakery products increases and people's interest in dietary supplements increases. The demand for products such as bread and biscuits are growing at a significant rate and is expected to provide profitable growth opportunities for the growth of the Europe bakery ingredients market during the forecast period. New applications and innovations in developed countries to produce quality products are expected to further stimulate demand. Increasing public awareness of the health benefits and adverse health effects of various environmental and climatic conditions has further increased the demand for Europe baking ingredients. Furthermore, the need has arisen as the population of working women has increased and time is limited. Ready-to-eat baked goods are replacing traditional home-cooked foods.

The growth of the Europe bakery ingredients market is driven by increasing demand for bakery ingredients and lifestyle changes that save time and economy with little to no meal prep time. The development of new packaging materials and increased product diversification in the bakery food category will drive the demand for baking ingredients. The growth of the Europe bakery ingredients industry is mainly driven by factors such as changing consumer preferences for the consumption of healthy products, increasing wealth, increasing per capita spending on value-added products, and increasing the prevalence of products containing natural ingredients. Europe has a trend towards bakery products, so it will provide a long-term investment opportunity. Short-term growth opportunities will come mainly from developing countries where the bakery industry is growing at a rapid pace. The growing demand for natural and raw ingredients is expected to provide opportunities for key players in the industry. Coupled with the active efforts of major players to reduce production costs and increase shelf life of products, the potential frozen bakery food market is expected to provide favorable opportunities for market growth.

Restraints:

The trend of replacing baked goods with cereals like oats is expected to hamper the growth of the Europe market. Furthermore, strict regulations and the implementation of international quality standards are expected to slow the growth of the market. Increasing regulations on the manufacture and use of baking ingredients and variable fraud related to food impurities are limiting the growth of the Europe baking ingredients market within the forecast period. Growing consumer health awareness has further bolstered the growth of cereal substitutes that are considered healthier alternatives and are expected to pose a challenge to the Europe baking ingredients market during the forecast period.

Europe Bakery Ingredients Market Segmentation Analysis:

The Europe bakery ingredients market segmented by type into fermenters, emulsifiers, baking powders and mixes, enzymes, fats, starches, colorants, oils and flavors. The market for baking powders and mixes is expected to record a larger share between 2020 and 2025. Leavening agent consisting of baking soda and a flavor-reducing acid, used to increase the volume and clarify the texture of baked goods. Baking powders that contain fast and low-acting acids are known as double-acting baking powders, while single-acting baking powders contain only one acid. Double-action baking powder is most commonly used for cookie dough. The baking mix consists of various ingredients such as flour, baking powder, baking soda, yeast, sugar, and salt. Baking mixes are used in applications such as cakes, breads, muffins, waffles, and pizza bases.

The Europe baking ingredients market is segmented based on cookies and other applications including cookies and cakes, breads, muffins, pastries and donuts, pizza bases, pretzels, scones, omelets, and cereals. Commercial bakers are the main buyers involved in the production of fresh and frozen buns, breads and other fresh bakery products. These facilities sell products through supermarkets, food service outlets, convenience stores, small retail outlets, and specialty stores. Some of these commercial bakeries produce private label products in addition to the available private label brands sold by large retailers.

Regional Analysis:

Geographically the Europe Bakery Ingredients Market is segmented into UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe. The European region has the largest market in other regions in 2019, and the health benefits of baking ingredients are expected to drive the growth of the baking ingredients market due to rising living standards. The region is recording the highest consumption of bread, which is a major driver of market growth. Bread consumption patterns have adjusted between EU countries, but we can say that the region averages 50 kg of bread consumption per person per year. The regional market in Europe has been quantified as the largest revenue contributor to the global bakery ingredients market and will remain in this state at the end of the forecast period.

Key Players in the Market:

Major Key Players in the Europe Bakery Ingredients Market are

• Tate & Lyle PLC
• Royal DSM
• Puratos Group
• Kerry Group PLC
• Lesaffre Group
• The Bakels Group
• Lallemand Inc
• Dawn Food Products, Inc
• Corbion NV
• Archer Daniels Midland Company
• Associated British Foods PLC
• DuPont Pioneer
• Cargill Incorporated
• Ashland Inc