Key Bakery Ingredients Market Players Report SWOT Analysis, Key Indicators, Forecast 2027
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Bakery Ingredients Market Analysis:
Bakery ingredients market size was valued at $12,960.0
million in 2021, and is projected to reach at $22,592.8 million by 2030,
growing at a CAGR of 5.9% from 2022 to 2030., as per the recent Market Research
Future (MRFR) analysis. Baking ingredients are a vital constituent in the
bakery industry. Baking ingredients like baking powders, leavening agents,
emulsifiers, and enzymes are widely used in the processing of tarts, pies,
rolls, cakes, pastries, bread, and others.
Various factors are propelling the global Bakery
Ingredients Market growth. According to the
latest MRFR report, such factors include the booming bakery industry, surging
demand for ready-to-eat and convenience bakery products, innovations and
technological advances in bakery products, and demand for gluten-free and
trans-fat bakery products. Additional factors adding market growth include
changing consumer lifestyles, demand for healthy and natural ingredients,
demand for gluten-free foods, and consumers increasing awareness about health.
Besides, the demand for processed and packaged foods for their long shelf life
during the COVID-19 outbreak is also adding market growth.
On the contrary, stringent regulations, implementation of
international quality standards, and replacement of baked food with grains such
as oats are factors that may limit the global bakery ingredients market growth
over the forecast period.
Market Segmentation:
The MRFR report provides an inclusive segmental analysis of
the global bakery ingredients market based on application and type.
By type, the global bakery ingredients market is segmented
into oil, fats, and shortenings, mixes, colors and flavors, baking powder and
mixes, starch, enzymes, emulsifier, and others. Of these, the baking powder and
mixes segment will lead the market over the forecast period. Increasing use as
an alternative for yeast in the baking industry for its short processing time
is propelling the growth of the segment. Meanwhile, the emulsifier and enzymes
segment is predicted to grow at a fast pace over the forecast period.
By application, the global bakery ingredients market is
segmented into cakes and pastries, rolls and pies, bread, cookies and biscuits,
and others. Of these, the bread segment will dominate the market over the
forecast period for its cost-effectiveness and easy preparation. Meanwhile,
rolls and pies will have substantial growth over the forecast period.
Regional Analysis:
Based on the region, the global bakery ingredients market
report covers the growth opportunities and recent trends across North America,
Europe, the Asia Pacific (APAC), & the Rest of the World (RoW). Of these,
North America will lead the market over the forecast period. The immense
popularity of on-the-go bakery products such as pocket sandwiches, rolls, and
wraps due to hectic work schedules, changing lifestyle patterns, and surging demand
for high protein bakery products having no trans fats or has low fat are adding
to the global bakery ingredients market growth in the region.
The global bakery ingredients market in Europe is predicted
to hold the second-largest share over the forecast period. Burgeoning demand
for baked food, large population, use of advanced technology to produce
different types of baked foods, and consumers growing need for convenient food,
advancements in the food processing industry are adding to the global bakery
ingredients market growth in the region. France, Germany, and the UK have a
maximum share in the market.
The global bakery ingredients market in the APAC region is
predicted to grow at a fast pace over the forecast period. Increasing
inclination of customers towards western-style food, increasing disposable
income, and large population are adding to the global bakery ingredients market
growth in the region. China and India have a maximum share in the market.
The global bakery ingredients market in the RoW is predicted
to have sound growth over the forecast period. Product diversification, rapid
innovation in the bakery industry, demand for convenience and packaged foods,
and increasing health consciousness are adding to the global bakery ingredients
market growth in the region.
Key Players:
The global Key
Bakery Ingredients Market Players report include
Associated British Foods PLC (U.K.), Lallemand Inc. (Canada), Cargill
Incorporated (U.S.), DuPont Nutrition & Health (Denmark), Archer Daniels
Midland Company (U.S.), Tate & Lyle plc (U.K.),and Kerry Group PLC
(Ireland).
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