Report Ocean has released a market research report on the Bakery Ingredients industry, covering 150+ countries and analyzing over 1,00000 published and forthcoming reports per year. The report, prepared by subject matter experts, researchers, and market research professionals, utilizes various methodologies and analytical approaches, including S.W.O.T. and P.E.S.T.E.L. analysis and regression analysis, to forecast market growth. It also examines the industry’s regulations and policies and potential future advancements.
The global bakery ingredients market size was US$ 13698.7 million in 2021. The global bakery ingredients market size is forecast to reach US$ 22595 million by 2030, growing at a compound annual growth rate (CAGR) of 5.7% during the forecast period from 2022 to 2030.
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A bakery ingredient is anything that contributes to maintaining freshness, softness, and taste, increasing shelf life, and increasing the content of protein in baked goods. Among the ingredients used in bakery products such as doughnuts, pastries, cakes, rolls, pies, tarts, etc., are enzymes, emulsifiers, leavening agents, and baking powders. Globally, these items form the basis of human nutrition and are available in many varieties in the market. With substantial investment in R&D, new functions across various baking ingredients are rapidly emerging, such as the replacement of fat with protein-based fats, flavor enhancements, textural improvements, and extending the shelf life of products. A baking ingredient of excellent quality contributes to the softness and taste of baked goods.
Factors Influencing Market Growth
- Products such as bread and biscuits are in high demand and are forecast to contribute to market growth in the near future.
- Several factors, such as busy lifestyles and changing dietary habits, drive the global bakery ingredients market.
- The changing culture of people in developing nations and growth in demand for low-fat & gluten-free products will fuel the growth of the bakery ingredients market.
- There is a trend towards substituting baked goods with cereals, such as oats, which may slow down the global market growth.
- The potential market for frozen bakery foods, coupled with key players’ efforts to lower production costs and increase shelf life, is forecast to create lucrative growth opportunities for the bakery ingredients market.
Impact Analysis of COVID-19
Global concerns over COVID-19 have negatively affected the global bakery ingredients market. In addition, due to the high demand and low supply trends, ingredient prices increased in 2020 to compensate for economic instability. A disruption in the supply chain in shipping could lead to temporary shortages in supply, pushing prices up in the short term.
Regional Insights
Europe region accounted for the largest share in the market in 2021. The rapidly expanding population, coupled with a growing demand for baked goods and the use of advanced technologies for the production of various baked goods, helped drive the growth of this region.
The Asia Pacific region is forecast to grow at a significant share of the global market during the forecast period. This growth is due to an increase in bread and biscuit & cookie baking applications, such as leaving agents, emulsifiers, and fats & shortenings.
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Leading Competitors
The leading prominent companies profiled in the global bakery ingredients market are:
- Archer-Daniels-Midland Company
- Associated British Foods Plc.
- Cargill Incorporated
- E. I. Du Pont De Nemours and Company
- Ingredion Incorporated
- Kerry Group, Plc.
- Koninklijke DSM N.V.
- Dawn Food Products, Incorporated
- Bakels Group
- Lallemand Incorporated
- Sdzucker
- Taura Natural Ingredients Limited
- AAK AB
- Tate & Lyle PLC
- Corbion N.V.
- IFFCO Corporate
- CSM Bakery Solutions
- Novozymes
- Puratos Group
- Other Prominent Players
Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Scope of the Report
The global bakery ingredients market segmentation focuses on Application, Type, and Region.
Segmentation based on Application
- Bread
- Rolls & Pies
- Cakes & Pastries
- Others
Segmentation based on Type
- Enzymes
- Starch
- Fiber
- Colors
- Flavors
- Emulsifiers
- Antimicrobials
- Fats
- Dry baking mix
- Others
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Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
What our reviews offer:
- Market share assessments for the regional and country-level segments
- Strategic hints for the new entrants
- Covers market facts for 2023, until 2031
- Market tendencies (drivers, opportunities, threats, challenges, funding opportunities, and recommendations)
- Strategic pointers in key enterprise segments based totally on the market estimations
- Competitive landscaping mapping the key frequent trends
- Company profiling with specified strategies, financials, and current developments
- Supply chain tendencies mapping the modern day technological advancements
Bakery Ingredients Market Research Report Scenario includes:
>The report provides qualitative and quantitative trends of global Bakery Ingredients Market across type, type of products, service, and geography.
>The report starts with the key takeaways, highlighting the key trends and outlook of the global Bakery Ingredients Market.
>Provides the research methodology of the study.
>Further provides PEST analysis for each region.
>Highlights the key industry dynamics in the Bakery Ingredients Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.
>Discusses the global Bakery Ingredients Market scenario, in terms of historical market revenues, and forecast till the year 2031.
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