Global Baking Ingredients Market is segmented by Type (Emulsifiers, Leavening Agents, Enzymes, Baking Powder & Mixes, Oils, Fats, and Shortenings, Colors & Flavors, Starch, Others), by Application (Bread, Cookies & Biscuits, Rolls & Pies, Cakes & Pastries, Others), and by Region (North America, Europe, Asia Pacific, Middle East & Africa and South America). Global baking Ingredients Market was valued at US$ 14.44 Bn in 2019, and is expected to reach US$ 19.80 Bn by 2027, at a CAGR of 5.4 % during forecast period.
Baking Powder & Mixes Dominated The Baking Ingredients Baking Ingredients Market.
The baking powders & mixes segment holds for the largest share in the baking ingredients market, followed by oils, and fats & shortenings. Baking products such as cakes, muffins, biscuits, and cookies usually use baking powder in place of yeast. Baking powder is always preferred yeast, because of its quick processing time.
Bread Is The Most Consumed Baked Product Globally In 2017.
Bread and bread products are a great source of energy, cost efficient option, and it is easy to prepare, as compared to other premium bakery products. The growing bread consumption is driven by product innovation to cater to the changing demands for healthy food options from consumers.
The Asia Pacific Region Is Expected To Be A Key Revenue Pocket In The Coming Years.
Rapid urbanization has led to the adoption of the fast lifestyle in this region, thereby, boosting the demand for convenience foods. The result is the increased sale of breads in this region. Regional markets such as India, China, and Japan are projected to drive the growth of baking ingredients, owing to the increasing demand for packaged and convenience foods in this region.
The report covers a study of marketing and development strategies, along with the product portfolios of leading companies are Archer Daniels Midland Company, Koninklijke DSM N.V, Cargill, Incorporated, BASF SE, Ingredion Incorporated, Roquette Frères, SunOpta, Darling Ingredients Inc, and Omega Protein Corporation.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the global Baking Ingredients market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Baking Ingredients market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global Baking Ingredients market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Baking Ingredients Market.”
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