The global demand for baking products is powered by individual contributions of bread, cookies & biscuits, cakes & pastries, rolls and pies from end-use segments. Demand is projected to rise by rising market preference for different baking products and by increasing interest among people for safe dietary supplements.
Adroit Market Research study on the global market for baking ingredients offers a holistic view of the industry from 2020 to 2028 as forecast period, including factors such as market drivers, limitations, opportunities, threats and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives and overall sales. Prominent players in the global composite resin market have been analyzed in depth.
It is expected that emerging applications and developments in developing economies to manufacture premium goods would further fuel the demand. The proximity of the consumer to inexpensive bakery items, however, is a significant shift in the developed economies. In transition economies, increasing urbanisation is leading to an increase in the consumption of baked bread.
Emerging markets such as Asia, Latin America and Africa are exhibiting high growth potential due to evolving consumers' lifestyles and eating habits, as well as increasing per capita intake. As a high potential market for bakery products, China is emerging. The demand for baking ingredients is fuelled by an increase in living conditions and a lack of time to prepare home cooked meals.
The rising population of working women has contributed to a rise in demand for baked goods, as both urban and semi-urban areas are becoming part of traditional diets. As the per capita intake of these goods is higher, the demand for products such as bread, cereal, cookies, biscuits, and pastries is well known in Europe. In the form of enzymes, emulsifiers, leavening agents, and fats & oils that are used in bread, cakes, muffins, and pizza crusts, market appetite for baked goods with desirable flavour, texture, and mouthfeel has contributed to the creation of various new functions of ingredients.
key players of global baking ingredients market report include- Archer Deniels Midland (US), Koninklijke DSM N.V (Netherlands),Cargill Incorporated (US), BASF SE (Germany), Ingredion Incorporated (US), Roquette Frères (France), SunOpta (Canada), Darling Ingredients Inc. (US), Omega Protein Corporation (US), DowDuPont Inc. (US), Kemin Industries, Inc. (US), InVivo (France), and John Pointon & Sons Ltd.
Key Segments of the Global Baking Ingredients Market
Type Overview, 2018-2028 (USD Million)
- Leavening agents
- Baking powder & mixes
- Oils, Fats, and shortenings
- Colors & flavors
- Cookies & biscuits
- Rolls & pies
- Cakes & pastries
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America