Global Vegan Baking Ingredients Market by End Product (Breads & Rolls, Cakes & Pastries), by Product (Oils, Flour) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
Summary of the Report
Global vegan baking ingredients market was worth USD 1.1 billion in 2018. It is projected to grow at a compound annual rate (CAGR of 5.6%) between 2019 and 2025. This market's growth is due to increased veganism and a rising demand for vegan baking ingredients. There has also been continuous research and development.
The market is expected to grow due to a rise of vegan restaurants and the expansion of the products offered by food chains. Germany, for example, has many vegan restaurants, including Lucky Leek in Berlin that serve vegan-based pancakes or burgers.
There has been a lot of competition in the market for vegan food products. This has led to an increase in product offerings. In South Korea, for example, a Starbucks branch added vegan focaccia bread to its menu. This increased market demand was reflected in the expanded vegan product range. Food manufacturers are constantly coming up with new products to meet consumer demand.
Bakels, for example, opened a new distribution facility in Bicester in 2018 with a total of 80,000 square feet. This was to store finished goods in response to growing demand. Online retailers are also focusing on adding vegan-based bread products to meet the growing demand. Waitrose & Partners is a British supermarket chain that has created sections specifically for vegan products and provides a wide distribution network.
The market is also being driven by a growing awareness of health issues around the world and increased demand. These ingredients lower the risk of developing chronic diseases like diabetes, certain cancers, and heart disease. Due to its health risks, bread consumption has declined in recent years. This has led to the demand for healthier, gluten-free alternatives.
The largest market share for vegan baking ingredients was held by Europe. Around 11,000 tons of vegan baking ingredient were purchased in the U.K. in 2018. Europe is the biggest bread-producing region. The region also has the highest standards in food quality. This region continues to research and improve vegan ingredients. Artisan Bread Organic has launched a vegan hamburger with 100% organic ingredients in the U.K.
Product Insights
This market can be divided by product into oils, sweeteners and flavoring agents. The largest share, 37.5%, was held by flour in 2018, and will see the most growth due to its many applications in bakery products like cookies, cakes and bread. It is medium in protein, ranging from 9% to 12 percent. This makes it elastic and suitable for baking cakes and cookies. Gluten-Free is a top manufacturer of vegan flours and bakery mixes, such as muffin mix, bread and roll mix, and cake mix.
The companies' product innovations are making flour more popular. Companies are developing new varieties of vegan flours such as almond flour and buckwheat flour, as well as sorghum flour and teff. Blue Diamond Almonds, Bob's Red Mill Natural Foods, and Bob's Red Mill Natural Foods lead the manufacture of almond flour. These flours have many other benefits, including gluten-free, rich vitamins, minerals, and antioxidant capabilities.
End Product Insights
This market can be divided by product, such as cakes and pastries or bread and rolls, cookies and biscuits, and other products. Bread and rolls accounted for more than 40% of the market in 2018, due to their high consumption both in Western countries and at the global level. This segment growth can be attributed to a significant demand for healthier bread options, which has driven manufacturers to produce vegan-based loaf. In the U.S., Trader Joe's grocery chain introduced vegan banana bread loaf to all of its stores.
Over the forecast period, the cakes and pastries category is expected to grow at 6.8% CAGR. Cookies and biscuits are next. The segment is driven by changes in consumer tastes and increased demand for premium baked goods from the APAC region. The National Institute of Diabetes and Digestive and Kidney Diseases, (NIDDK) estimates that 68.0% of the global population is lactose-intolerant. The growth of the cake and pastries market can be hampered by the presence of milk, which is why vegan cakes and pastries are so popular. German Bakery in India offers a variety of vegan cakes in a range of flavors.
Regional Insights
The largest share, 34.1%, was held by Europe in 2018. These ingredients are used in Europe's food industry because they meet the demands of large consumers. The European food industry is also inclined to innovation and improvement in food products to satisfy the vegan consumer demand. SAFE- Vegan and Vegetarian Working Group in Europe made it clear that the EU needed a vegetarian and vegan legislation.
APAC is the fastest growing region. It has a 6.3% CAGR from 2019 to 2025. This market is driven by an increase in disposable income and the industrial development. This market is driven by an increase in standard of living and changes in food preferences. Pompadour, a Japanese bakery chain, launched vegan curry bread in all its outlets. It is made from organic and clean ingredients.
Market Share Insights & Key Companies
Major players in the market focus on expanding their businesses in emerging markets such as Central and South America, Asia Pacific, Central, and South America, the Middle East, and Africa.
The market's leading players focus on product launches and portfolio expansion to gain an edge. Ingredion, for example, launched potex, a new product made with potato fibers. This product enhances the texture and freshness and is available in a variety of flavors. Cargill has signed agreements with six North American distribution channel partners to grow and strengthen its regional network. The following are some of the most prominent players in vegan baking ingredients:
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Associated British Foods
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BASF SE
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Kerry
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DuPont
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Dohler Group
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Dawn Food Products
Up Market Research published a new report titled “Vegan Baking Ingredients Market research report which is segmented by End Product (Breads & Rolls, Cakes & Pastries), by Product (Oils, Flour), By Players/Companies Associated British Foods, Kerry, BASF SE, Dohler Group, Dawn Food Products, DuPont”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
Report Attributes | Report Details |
Report Title | Vegan Baking Ingredients Market Research Report |
By End Product | Breads & Rolls, Cakes & Pastries |
By Product | Oils, Flour |
By Companies | Associated British Foods, Kerry, BASF SE, Dohler Group, Dawn Food Products, DuPont |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 238 |
Number of Tables & Figures | 167 |
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.
Global Vegan Baking Ingredients Market Report Segments:
The market is segmented by End Product (Breads & Rolls, Cakes & Pastries), by Product (Oils, Flour).
Vegan 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:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Vegan Baking Ingredients Market
Overview of the regional outlook of the Vegan Baking Ingredients Market:
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.
Highlights of The Vegan Baking Ingredients Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Vegan Baking Ingredients Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. Breads & Rolls
2. Cakes & Pastries
7. By Product:1. Oils
2. Flour
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vegan 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Vegan Baking Ingredients Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vegan Baking Ingredients Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vegan Baking Ingredients Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vegan Baking Ingredients Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vegan Baking Ingredients Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vegan Baking Ingredients Market Size & Forecast, 2018-2028
4.5.1 Vegan Baking Ingredients Market Size and Y-o-Y Growth
4.5.2 Vegan Baking Ingredients Market Absolute $ Opportunity
Chapter 5 Global Vegan Baking Ingredients Market Analysis and Forecast by End Product
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by End Product
5.1.2 Basis Point Share (BPS) Analysis by End Product
5.1.3 Absolute $ Opportunity Assessment by End Product
5.2 Vegan Baking Ingredients Market Size Forecast by End Product
5.2.1 Breads & Rolls
5.2.2 Cakes & Pastries
5.3 Market Attractiveness Analysis by End Product
Chapter 6 Global Vegan Baking Ingredients Market Analysis and Forecast by Product
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Product
6.1.2 Basis Point Share (BPS) Analysis by Product
6.1.3 Absolute $ Opportunity Assessment by Product
6.2 Vegan Baking Ingredients Market Size Forecast by Product
6.2.1 Oils
6.2.2 Flour
6.3 Market Attractiveness Analysis by Product
Chapter 7 Global Vegan Baking Ingredients Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vegan Baking Ingredients Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Vegan Baking Ingredients Analysis and Forecast
9.1 Introduction
9.2 North America Vegan Baking Ingredients Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Vegan Baking Ingredients Market Size Forecast by End Product
9.6.1 Breads & Rolls
9.6.2 Cakes & Pastries
9.7 Basis Point Share (BPS) Analysis by End Product
9.8 Absolute $ Opportunity Assessment by End Product
9.9 Market Attractiveness Analysis by End Product
9.10 North America Vegan Baking Ingredients Market Size Forecast by Product
9.10.1 Oils
9.10.2 Flour
9.11 Basis Point Share (BPS) Analysis by Product
9.12 Absolute $ Opportunity Assessment by Product
9.13 Market Attractiveness Analysis by Product
Chapter 10 Europe Vegan Baking Ingredients Analysis and Forecast
10.1 Introduction
10.2 Europe Vegan Baking Ingredients Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Vegan Baking Ingredients Market Size Forecast by End Product
10.6.1 Breads & Rolls
10.6.2 Cakes & Pastries
10.7 Basis Point Share (BPS) Analysis by End Product
10.8 Absolute $ Opportunity Assessment by End Product
10.9 Market Attractiveness Analysis by End Product
10.10 Europe Vegan Baking Ingredients Market Size Forecast by Product
10.10.1 Oils
10.10.2 Flour
10.11 Basis Point Share (BPS) Analysis by Product
10.12 Absolute $ Opportunity Assessment by Product
10.13 Market Attractiveness Analysis by Product
Chapter 11 Asia Pacific Vegan Baking Ingredients Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vegan Baking Ingredients Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Vegan Baking Ingredients Market Size Forecast by End Product
11.6.1 Breads & Rolls
11.6.2 Cakes & Pastries
11.7 Basis Point Share (BPS) Analysis by End Product
11.8 Absolute $ Opportunity Assessment by End Product
11.9 Market Attractiveness Analysis by End Product
11.10 Asia Pacific Vegan Baking Ingredients Market Size Forecast by Product
11.10.1 Oils
11.10.2 Flour
11.11 Basis Point Share (BPS) Analysis by Product
11.12 Absolute $ Opportunity Assessment by Product
11.13 Market Attractiveness Analysis by Product
Chapter 12 Latin America Vegan Baking Ingredients Analysis and Forecast
12.1 Introduction
12.2 Latin America Vegan Baking Ingredients Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Vegan Baking Ingredients Market Size Forecast by End Product
12.6.1 Breads & Rolls
12.6.2 Cakes & Pastries
12.7 Basis Point Share (BPS) Analysis by End Product
12.8 Absolute $ Opportunity Assessment by End Product
12.9 Market Attractiveness Analysis by End Product
12.10 Latin America Vegan Baking Ingredients Market Size Forecast by Product
12.10.1 Oils
12.10.2 Flour
12.11 Basis Point Share (BPS) Analysis by Product
12.12 Absolute $ Opportunity Assessment by Product
12.13 Market Attractiveness Analysis by Product
Chapter 13 Middle East & Africa (MEA) Vegan Baking Ingredients Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vegan Baking Ingredients Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Vegan Baking Ingredients Market Size Forecast by End Product
13.6.1 Breads & Rolls
13.6.2 Cakes & Pastries
13.7 Basis Point Share (BPS) Analysis by End Product
13.8 Absolute $ Opportunity Assessment by End Product
13.9 Market Attractiveness Analysis by End Product
13.10 Middle East & Africa (MEA) Vegan Baking Ingredients Market Size Forecast by Product
13.10.1 Oils
13.10.2 Flour
13.11 Basis Point Share (BPS) Analysis by Product
13.12 Absolute $ Opportunity Assessment by Product
13.13 Market Attractiveness Analysis by Product
Chapter 14 Competition Landscape
14.1 Vegan Baking Ingredients Market: Competitive Dashboard
14.2 Global Vegan Baking Ingredients Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Associated British Foods
14.3.2 Kerry
14.3.3 BASF SE
14.3.4 Dohler Group
14.3.5 Dawn Food Products
14.3.6 DuPont