In 2016, the global baking ingredients market was worth USD 11.8 billion. This is due to changing consumer preferences and increasing demand for a wide range of baked goods. Market development will also be driven by factors like rising demand for longer shelf-life products and increased demand for natural ingredients in final baked products.
Baking ingredients make up a significant part of the bakery ingredients market. The majority of baking ingredients are used in the production of bread, pastries and cakes, as well as rolls, rolls, pies, tarts and other bakery products. High quality products have many advantages, including flavor enhancements, texture and color, as well as economies of scale in production.
U.S. baking ingredient market revenue by end use, 2014-2025 (USD Million).
The global baking ingredients market is driven primarily by the individual contributions of end-use segments such as bread, Cookies & cookies, cakes & pastries and rolls. Demand is expected to rise due to increasing demand for varied bakery products and growing interest in healthy dietary supplements. The demand will continue to rise due to new applications and innovations in developed countries to produce high quality products.
In developing countries, however, this is not a significant change. The rise in urbanization in transition countries is driving an increase in baked food consumption. The overall market will be driven by key manufacturers from developing countries that tend to increase production.
From 2017 to 2025, the U.S. market will grow at 5.9% CAGR. The country's fast food lifestyle is driving the growth over the forecast period. Additional factors driving growth include the convenience and portability of bakery products like wraps, pocket rolls, and wraps.
New production methods that provide nutritional value and affordability for price-sensitive customers in developing countries are the main drivers of bread's popularity as the largest contributor to end-use segments.
The fastest growing segment for baking ingredients is cakes & pastries. This is due to the increased demand for snack foods and the availability of freezers at retail stores to store frozen processed foods like pastries and cookies. The demand for cookies and biscuits is driven primarily by food processors looking to diversify product lines by getting into the cookies & cookies manufacturing business.
Baking powder and mixes accounted for 30.41% of global revenue share in 2016. It's a rich source of vitamins, protein, and carbohydrates that is used worldwide as a primary ingredient for bakery products. A rising demand for organic products is driving wheat baking powder, which is low on saturated fat and high in cholesterol, to the forefront of consumers' minds.
Global baking ingredients market revenue by product in 2016, (%)
It is anticipated that enzymes will be the most popular ingredient, after oil and fats, emulsifiers, leavening agent, oil, and fats. Asia Pacific is expected to be a major consumer of enzymes due to its increased bakery product manufacturing. Asia Pacific will be the biggest consumer of enzymes.
Products such as leavening agents or emulsifiers, which enhance the flavor, texture, and other properties of the bakery product, will also see significant growth in the forecast period 2017-2025.
Europe held 36.2% of the global revenue share in 2016, accounting for 36.2 percent of total revenue. The changing lifestyles of people have led to a greater demand for processed and packaged food. Bakery products are still the mainstay food in Europe and North America. The ongoing revolution in the food processing sector is leading to the development of new packaged foods that cater to the increasing demand for convenience food by consumers in Europe, North America and Asia.
Asia-Pacific was the third-largest regional segment in 2016, and will experience the fastest growth due to the increasing demand from China, India, Japan. The growing preference for western-style food will fuel product demand in the developing world. Over the forecast period, strict regulations regarding the use limit for certain baking ingredients may pose a challenge to manufacturing processes.
Flowers Foods Inc., Hostess Brands LLC., Mckee FoodsCorporation. Grupo Bimbo. S.A.B. de C.V., Uniferm GmbH & Co., Koninklijke DSM N.V, General Mills Inc, Associated British Foods Plc.
Manufacturers have had to concentrate on innovation, large production scales, and a competitive pricing structure due to fierce competition from both domestic and global players. Many manufacturers invest in R&D in order to create diverse products that meet the needs of different consumers.
Many companies are now integrating vertically using third-party agreements, acquisitions, and partnerships to capitalize on the potential of different geographies. As part of their goal to increase profitability, companies acquire small businesses that produce high-quality ingredients and have dynamic growth rates.
This report forecasts revenue growth and revenue at the global, regional and country levels. It also provides analysis of industry trends for each sub-segment from 2014 through 2025. Up Market Research has divided the global baking ingredients market based on end-use, product type and region.
End-use Outlook (Revenue USD Million, 2014-2025)
Cookies & Biscuits
Pastries & Cakes
Rolls & Pies
Product Type Outlook (Revenue USD Millions, 2014-2025)
Baking Powder and Mixes
Oils, fats, and shortenings
Colors & Flavors
Regional Outlook (Revenue USD Million, 2014-2025)
Central & South America
Up Market Research published a new report titled “Baking Ingredients Market research report which is segmented by End-Use (Bread, Cookies & Biscuits, Cakes & Pastries, Rolls & Pies), By Players/Companies Koninklijke DSM NV, Grupo Bimbo SAB de CV, General Mills Inc, Flowers Foods Inc, George Weston Ltd, Mckee FoodsCorporation, Associated British Foods Plc, Uniferm GmbH & Co, Hostess Brands LLC”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Baking Ingredients Market Research Report|
|By End-Use||Bread, Cookies & Biscuits, Cakes & Pastries, Rolls & Pies|
|By Companies||Koninklijke DSM NV, Grupo Bimbo SAB de CV, General Mills Inc, Flowers Foods Inc, George Weston Ltd, Mckee FoodsCorporation, Associated British Foods Plc, Uniferm GmbH & Co, Hostess Brands LLC|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||232|
|Number of Tables & Figures||163|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by End-Use (Bread, Cookies & Biscuits, Cakes & Pastries, Rolls & Pies).
Baking Ingredients Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Baking Ingredients Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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