According to the latest report by IMARC Group, titled “Bakery Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the bakery ingredients market trends. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global bakery ingredients market size reached US$ 15.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 21.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2024-2032.
Bakery Ingredients Marke Trends:
The rising demand for convenient and ready-to-eat food products is driving the global market. Moreover, the increasing awareness regarding health and wellness has led to the introduction of healthier bakery options, incorporating ingredients such as whole grains and natural sweeteners. The growing popularity of artisanal and specialty bakery products also fuels market expansion. Furthermore, the rising trend of home baking, intensified by recent global events, has augmented the demand for baking ingredients.
Additionally, technological advancements in ingredient processing and preservation contribute to market growth. The proliferation of bakery cafés and specialty shops further augments the demand for high-quality ingredients. Besides, increasing disposable income and urbanization in developing regions present lucrative opportunities. The emphasis on clean-label and sustainable products propels innovation and adoption of natural and organic bakery ingredients.
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Bakery Ingredients Market Scope & Growth Analysis:
The scope of the market is expanding due to the increasing inclination towards innovative and exotic flavors in bakery products. The expansion of the food service sector, including hotels, restaurants, and cafes, contributes to the rising demand for bakery ingredients. Moreover, the growing trend of customized and personalized bakery products, driven by consumer desire for unique experiences, supports market diversification. Advances in food technology, enabling longer shelf life and enhanced functionality of bakery ingredients, are pivotal in expanding market reach.
Additionally, the adoption of e-commerce platforms for purchasing bakery ingredients facilitates market penetration across various demographics. The emphasis on clean-label ingredients and transparency in product sourcing aligns with consumer demand for authenticity, further broadening market opportunities. Furthermore, the introduction of fortified and functional bakery products catering to specific dietary needs and health benefits enhances market scope. The global expansion of bakery franchises and chains also underpins the growing demand for diverse and high-quality bakery ingredients, indicating a robust growth trajectory for the market.
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
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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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