The global Baking Ingredients Market was valued at USD 12.14 billion in 2016 and is projected to reach USD 19.15 billion by 2025, growing at a CAGR of 4.95% from 2017 to 2025.
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Baking Ingredients include yeast, baking powder, starch, flour and other such ingredients used in making bakery products. These ingredients improve the taste and texture of bakery products including bread, cakes and biscuits. Growing demand for ready-to-eat foods is expected to play a key role in the growth of this market over the next eight years.
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1. Market Drivers
1.1 Increasing consumption of bread and other bakery products
1.2 Growing demand convenience foods
2. Market Restraints
2.1 Side-effects of over consumption of bakery products in some countries
2.2 Fluctuating raw material prices
The global Baking Ingredients Market is segmented on the basis of ingredient, application, and region.
1. Global Baking Ingredients Market, by Ingredient:
1.3 Leavening Agents
1.4 Oils, Fats, and Shortenings
1.6 Colors & Flavors
2. Global Baking Ingredients Market, by Application:
2.2 Cakes and Pastries
2.3 Rolls and Pies
3. Global Baking Ingredients Market, by Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. Cargill Inc
2. Archer Daniels Midland
3. Corbion N.V
4. Kerry Group
5. Associated British Foods (ABF)
8. Flowers Foods Inc
9. Hostess Brands LLC.
10. George Weston Ltd.
11. Koninklijke DSM N.V.
12. Lallemand, Inc.
13. Dawn Food Products, Inc.
15. Tate & Lyle
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Baking Ingredients Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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