According to the latest report by IMARC Group, titled “Bakery Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The global bakery ingredients market size reached US$ 15.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 21.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.
Bakery Ingredients Market Overview:
Bakery ingredients refer to food products that are used in the preparation of a wide range of bakery and confectionery products, such as bread, biscuits, pies, cakes, and pastries. Additionally, they aid in improving and maintaining the freshness, taste, aroma, and shelf-life of baked goods. Besides this, they help to enhance the nutritional content of the product as they contain amino acids, carbohydrates, vitamins, and fats. Some of the commonly utilized bakery ingredients include emulsifiers, fats, starch, shortenings, blends, colors, and flavors. Since the choice of bakery ingredients and their compositions determine the texture and flavor of the baked product, this is providing an impetus to the market. As a result, they are widely utilized in the food processing industry as they are readily available and blend well with other food ingredients.
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Bakery Ingredients Market Demand Analysis:
The increasing consumption of bakery food products is one of the key factors driving the global market. Coupled with the shifting lifestyle preferences due to the busy lifestyle led by working professionals is contributing to the overall market. Moreover, several leading players are focusing on enhancing the nutritional level of bakery products and introducing organic bakery items due to the rising health consciousness among individuals, thus creating a positive market outlook.
Furthermore, continuous improvements in organized distribution channels, such as hypermarkets, convenience stores, and the emerging e-commerce sector, are impacting the market favorably. Other factors, such as expanding tourism and hospitality sectors, changing dietary patterns of the masses, and the advent of home delivery models, are also influencing the market.
Key Market Segmentation:
Top Bakery Ingredients Brands Worldwide:
- Cargill, Koninklijke DSM N.V.
- Kerry Group
- Südzucker
- AAK AB
- Associated British Foods
- Lesaffre
- Tate & Lyle
- Archer Daniels Midland Company
- Ingredion Incorporated
- Corbion
- IFFCO Ingredients Solution
- Taura Natural Ingredients
- Dawn Foods, Muntons, British Bakels, Lallemand, Novozymes, Taura Natural Ingredients, Puratos Group, etc.
Breakup by Product Type:
- Emulsifiers
- Leavening Agents
- Enzymes
- Baking Powder & Mixes
- Oils, Fats, and Shortenings
- Colors & Flavors
- Starch
- Others
Breakup by Application:
- Breads
- Cookies & Biscuits
- Rolls & Pies
- Cakes & Pastries
- Others
Breakup by End Use Sector:
- Industrial
- Foodservice
- Retail
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
