In today’s world, baking products is highly growing market. This escalated popularity has resulted in a proportional rise in competition and therefore a call for perfection. Bread is one of the highly popular bakery items. Cakes, after bread, are also the most popular bakery items savored globally. Other bakery products are biscuits, crackers and cookies that come in several flavors and varieties. There is increasing customer demand for nutritional content in baked foods with less sugar, whole grain, and zero Trans-fat per serving. Rising obesity rates and the aging population have put the use of healthy ingredients on the forefront. The rising demand for ready-to-eat food is estimated to fuel the global bakery ingredients market.
The change in the traditional home-cooked food to convenience foods has also escalated the demand of these bakery ingredients in the developing markets. Adoption of westernized lifestyle, double-income families, focus on healthier lifestyles, higher nutrition awareness, and rise in disposable income are the key factors, which are responsible for the expansion in baked ingredients business. The companies in this business are concentrating more on innovation in sweeteners, starches and derivatives, fats and shortenings to meet the customer demand for low trans fats and gluten-free products, without modifying the quality, texture, and taste of these products.
The rising substitution of the baked goods with the cereals and corn flakes segments is predicted to multiply in the coming years unless there are healthier and innovative products in the bakery ingredients in compliance with GMP.
The bread sector dominated the global bakery ingredients industry under the application sector and is expected to continue its dominion in the estimated period. This growth can be attributed to the increasing consumption of different varieties of bread, owing to its fiber and nutritious content.
On the basis of type, the baking powders and mixes sector dominated the global market, followed by fats and shortenings. The segment is also projected to expand with the highest growth rate in the coming years due to the rising applications in the making of cakes, waffles, bread, pizza crusts, and so on.
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Asia Pacific bakery ingredients market with around USD 20 Billion led the global business, whereas the North America bakery ingredients market is expanding quickly in the marketplace. The Asia Pacific is leading the market owing to the rising demand for packaged and convenience foods in this region. China is estimated to lead the region owing to the adoption of western diets, particularly among the younger population. China and India, with their rising population and rising disposable incomes, are the key markets for the baked goods, and bakery ingredients. Customers are willing to pay more for a healthier profile in the bakery products that drives the expansion of this market.
The North America region is estimated to expand quickly owing to high consumption of bakery products in this region. The U.S. and Europe with their long-standing culture of consuming bakery and baked foods are the matured markets of this market. Although Germany in the European bakery ingredients market is leading the local trade, the European crisis has impacted the customer spending on baked goods.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Bakery Ingredients Market, By Application
6.1.1 Cookies and Biscuits
6.1.2 Bread
6.1.3 Cakes and Pastries
6.1.4 Rolls and Pies
6.1.5 Tarts
6.1.6 Market Size Estimations & Forecasts (2019-2024)
6.1.7 Y-o-Y Growth Rate Analysis
6.1.8 Market Attractiveness Index
6.2 Bakery Ingredients Market, By Type
6.2.1 Enzymes
6.2.2 Baking Powder and Mixes
6.2.3 Colors and Flavors
6.2.4 Starch
6.2.5 Fats and Shortenings
6.2.6 Leavening Agents
6.2.7 Emulsifiers
6.2.8 Sweeteners
6.2.9 Preservatives
6.2.10 Market Size Estimations & Forecasts (2019-2024)
6.2.11 Y-o-Y Growth Rate Analysis
6.2.12 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Application
7.2.3 By Type
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Application
7.3.3 By Type
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Application
7.4.3 By Type
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Application
7.5.3 By Type
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Application
7.6.3 By Type
8. Key Player Analysis
8.1 Archer Daniels Midland Company
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Associated British Foods Plc
8.3 Cargill, Incorporated
8.4 Kerry Group Plc
8.5 E. I. duPont de Nemours and Company
8.6 Ingredion Inc.
8.7 Tate & Lyle Plc
8.8 Bakels Group
8.9 Dawn Food Products Inc.
8.10 Novozymes
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
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