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Global bakery ingredients market has been predicted to rise at a CAGR of 5.65% throughout the forecast period of 2019-2027. The market is primarily driven by the increasing focus towards cost reduction and improving the shelf life of bakery products, a change in the consumer lifestyle and their growing demand for healthy and convenient food products. The rising demand for meal solutions/ready-to-eat meals that can be prepared in two-step cooking has been a steady driver for the uptake of these products.
The segmentation of the global bakery ingredients market has been according to the end products’ type and application. The market by type can be further divided into oils, fats & shortenings, baking powder & mixes, emulsifiers starch, colors & flavors, enzymes, leavening agents, and others. Baking powder & mixes segment is leading the type market. The market by application includes cookies & biscuits, bread, rolls & pies cakes & pastries, and others. The application for bread making is dominating the segment on account of its growing consumption across the globe.
The regional market of North America, Asia Pacific, Europe and Rest of World are the major geographical segments of the global bakery ingredients market. The European region is presently leading the global market followed by North America and Asia-Pacific. The high per capita consumption of bread is a key driver for the baking ingredients market in Europe. Baking powder & mixes are the largest segment accounting to $XX million in 2018 and is expected to reach $XX million by 2027 in the region. Also, the Asia-Pacific market is predicted to exhibit the fastest growth over the forecast period. The altering consumer trends towards convenient and high nutritional food ingredients are primarily driving the Asian market.
Product launch is the primary strategy adopted by various market players in the global bakery ingredients market. Some of these players include Tate & Lyle PLC, Dawn Food Products, Inc., Kerry Group PLC, Puratos Group, The Bakels Group, Corbion N.V., Lesaffre Group, Lallemand Inc., Royal DSM, Associated British Foods PLC, Archer Daniels Midland Company, Cargill Incorporated, DuPont Pioneer, Ashland Inc. and Ingredion Incorporated.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments