The latest report by IMARC Group, titled “Bakery Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” offers a comprehensive analysis of the industry, which comprises insights on the bakery ingredients industry analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market. 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 are the fundamental components that form the building blocks of countless delicious baked goods. These ingredients vary widely, each serving a specific purpose in creating the perfect texture, flavor, and appearance of baked treats. Flour, a staple ingredient, provides the structural foundation for most baked goods. It can be derived from wheat, rice, or other grains, each imparting a unique character to the final product. Sugar adds sweetness, moisture, and browning to baked items, while fats such as butter or oil contribute richness and tenderness. Yeast, baking powder, and baking soda are leavening agents responsible for causing dough to rise, resulting in soft and airy bread, cakes, and pastries. Eggs bind ingredients together, offer moisture, and provide structure due to their protein content. Additionally, flavorings, including vanilla extract, spices, and extracts add distinctive tastes to baked goods, enhancing their appeal. Inclusions, such as chocolate chips, nuts, and dried fruits introduce texture and flavor diversity, while salt balances and enhances other tastes.
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Bakery Ingredients Market Demand Analysis:
The global market is driven by the enduring love for baked goods across the globe. Bread, pastries, cakes, and other bakery products are staple items in many diets, and this consistent demand fuels the expansion of the bakery ingredients market. Health and wellness trends have also played a pivotal role in shaping the market. Consumers are increasingly seeking healthier bakery options, leading to a rise in demand for ingredients that offer nutritional benefits, such as whole grains, alternative flours, and reduced sugar alternatives. As a result, bakery ingredient manufacturers are innovating to meet these changing preferences and dietary requirements. Furthermore, the convenience factor has propelled the bakery ingredients market. Ready-to-use and pre-mix ingredients simplify the baking process for both commercial and home bakers, making it easier for them to produce high-quality baked goods. This convenience factor has led to increased adoption, especially among busy households and bakeries. The rise of artisanal and craft bakeries has also contributed to the market’s growth.
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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
Key Market Segmentation:
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)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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