Bakery Ingredients Market Report To Record Ascending Growth By 2030
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 Research 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:
Eminent players profiled in the global Bakery
Ingredients Market 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).
About Market Research Future:
Market Research Future (MRFR) is a world-renowned market
research company that offers a wide range of services, complete with accurate
and precise analysis about diverse markets, sub-markets and target consumers.
Our approach is a combination of extensive information and multiple data
sources that help provide an exhaustive comprehension about the latest major
developments to the client, in addition to future events and what measures and
decisions to take on the basis of the same.
Our fast-emerging market research firm is armed with an
adept research analysts’ team that focuses on gathering useful data and
analytics in terms of economic and technological advances. Our proficient
analysts conduct industrial visits in a bid to achieve reliable and accurate
information from established market participants. One of our foremost
objectives is to keep the client well-versed with all the lucrative
opportunities as well as challenges surrounding various global markets. We
offer step-by-step guidance to our clients, through consulting and strategic
services, enabling them to arrive at a practical and effective decision.
Contact Us:
Market Research Future (part of Wantstats Research and Media
Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
Comments
Post a Comment