The Middle East and Africa Bakery Ingredients Market is estimated at USD 0.99 billion in 2021 and is expected to rise at a CAGR of 5.22% to reach USD 1.25 billion by 2026.
Baking ingredients like baking powder, sugar, baking soda, honey, flavor enhancers and color additives are used in bakery goods to enhance product quality, and to reduce time and longevity. For example, bread-making yeast is an essential ingredient that emits a gas, which should be stored inside the dough for excellent results.
Recent Developments of the Middle East and Africa Bakery Ingredients market:
Cargill, a market giant of the bakery ingredients market, in January of 2018 invests in the middle east for the first time with a partnership with Aramco, a regional market player. This investment is formed to facilitate to meet the growing demands of the region’s food needs.
Drivers and Restraints:
The MEA market is mainly driven by increased people who consume bakery products on a daily basis.
The market is also driven by the urbanization and emerging economies of the region.
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 the Middle East and Africa Bakery Ingredients Market.
The research of the Middle East and Africa Bakery Ingredients market takes place in two phases namely-
Secondary Research The first phase of the research process is an extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. An 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.
MEA Bakery Ingredients Market Segmentation Analysis:
Based on the End-Products, the Middle East and Africa Bakery Ingredients market is segmented into Cookies & Biscuits, Cakes & Pastries, Bread, Pies, Rolls and Other items. Out of these, Cakes and Pastries segment holds the majority of the market share with over 20%. Many restaurants and coffee shops nowadays offer Cakes and Pastries as deserts for the sweet and pleasant ending experience. The bread is growing at a considerable CAGR of 7.2% that can be attributed to interest for bread and other Western food products in the middle-class families of the Middle East and Africa countries.
By Ingredient Type:
Based on the Ingredient Type, the Middle East and Africa 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 registered a market share of over 25% in 2019. This part is expected to expand at CAGR of 7.3% during the forecast period due to the demand for food products that appear and smell good.
The Middle East and Africa Bakery Ingredients Market Regional analysis:
Based on the Region, the Middle East and the Africa Bakery Ingredients market is segmented into the nations of the Middle East and Africa. Out of these, Middle East segment holds the majority of the market share in 2019, with over 65%, which is due to the economic boom that increased the disposable income and therefore helped with the rise in the number of people who are buying bakery products in the region.
The Global Bakery Ingredients Market was worth $14.09 billion in 2020 and estimated to be growing at a CAGR of 5.46%, to reach $19.4 billion by 2025.
Key players in the Market:
Major key players in the MEA Bakery Ingredients Market include
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