Global Market Study on Baking Ingredients: Bread will Remain Largest Application Segment During 2017-2022


Baking Ingredients Market
  • Published On : Sep-2017 |
  • Pages : 170 Pages |
  • Format :

A recently published study by Persistence Market Research (PMR), titled “Baking Ingredients Market: Global Industry Analysis 2012-2016 and Forecast 2017-2022”, offers a comprehensive analysis on the global baking ingredients market. The analysis is based on historical data, in-depth qualitative insights, and verifiable prospects of the market. The prospects evaluated in the report are derived with the help of proven research methodologies, and accurate assumptions. The report serves as repository of information and analyses every aspect of the market.

Report Structure

The report commences with an executive summary of the global baking ingredients market, representing the market statistics, such as market values in the year 2017 and 2022. The most attractive product segment, and an overview of regional analysis is also included in this chapter of the report. The executive summary also offers information about key trends affecting expansion of the market. The surge in demand for packaged and convenience food, on the back of increasing number of health-conscious consumers, is expected to drive growth of the market. Demand for baking ingredients is further expected to be fuelled by changing lifestyle of consumers, and their shift toward adoption of organic baking ingredients. Ongoing revolution in the processed food industry has resulted into huge potential for innovations in development of bakery ingredients.

The next chapter of the report provides an introduction and definition of the bakery ingredients market. The report further offers in-depth segmentation-wise insights on the market on the basis of product, application, and region. The segmentation offers insights into several aspects and factors impacting the market. This provides stakeholders lucid understanding on the key factors at play in this market.

Region

Product Type

Application

North America

Emulsifiers

Bread

Latin America

Leaveing Agents

Biscuits & Cookies

Europe

Enzymes

Cakes & Pastries

Japan

Baking Powder and Mixes

Rolls & pies

APEJ

Oils and Fats

Buns

MEA

Colors & Flavors

Dough Conditioners

Starch

Other Products

The regional segmentation provided in the report is further extended based on dominant as well as fastest growing countries falling under particular regions. Growth rates of respective countries in a specific region, their contribution to the overall market, estimated revenues, and specific factors influencing market growth in each regional segment have been offered in the report.

Competition Landscape and Company Profiles

The report also provides analysis on key companies operating in the global market for baking ingredients. Leading players and new entrants in the market are profiled in the report. Some of the players profiled in PMR’s report include Associated British Foods Plc., E. I. du Pont de Nemours and Co., Kerry Group Plc., Bakels, AngelYeast Co., Ltd., Ingredion Incorporated, Chr. Hansen Holding A/S, Archer Daniels Midland Company, Cargill Inc., BASF SE, Ajinomoto Corporation Inc., Dawn Food Products, Döhler GmbH, Lonza Group AG, and Lallemand Inc. A detailed SWOT analysis is offered to readers, which helps in lucid understanding of the key business and product strategies of the key companies operating in this market.

Overall, this comprehensive report on baking ingredients market gives a transparent and accurate outlook on the key developments that will influence demand and supply during the forecast period.

Baking ingredients are used in products such as buns, rolls & pies, cakes & pastries, biscuits & cookies, and bread. Baking ingredients are used in bakery items to improve the overall product quality and enhance the shelf life of the product. A good quality baking ingredient helps in retaining softness and taste of the baked product.

Growing Demand for Convenience & Packaged Foods to Drive the Market Growth

Demand for packaged and convenience food is on the rise, owing to improvement in living standards, and economic conditions in developing as well as developed economies. Growing need of leisure, hectic lifestyles, and time constraints have led consumers towards adoption of convenience and packaged foods. This has spurred demand for bakery products including pastries, cakes, pizza, and bread, thereby driving demand for baking ingredients.

baking ingredients market

Surge in away-from-home food expenditure has resulted into an increase in number of retail outlets, convenience stores, coffee shops, in-store bakeries, and artisan bakeries, which provide a variety of innovative baked food products. Conventional home-cooked food is being replaced by ready-to-eat baked food, especially in developed countries such as North America and Europe, where individuals prefer pocket sandwiches, rolls, and wraps over time consuming food owing to their busy lifestyle. These factors might impact growth of the global baking ingredients market.

Demand for Organic Baking Ingredients - A Major Trend

With an aim of helping end-users save time in cooking, several vendors in the market have developed long-life pre-packaged food products, bake-off products, freshly finished products, and ready-to-use part-baked pre-packed bakery products such as donuts and tortillas. Leading market players are making investments in different projects via research and development, in a bid to develop innovative products, and widen their consumer base. A major trend being observed in the market is soaring demand for organic baking ingredients, which is expected to gain higher traction in the near future. This can be mainly attributed to growth in health-conscious population, and rising awareness about benefits of organic baking ingredients such as sweeteners, oils, and natural flavors. The global market for baking ingredients is highly fragmented, with the presence of many small and large vendors. Competing on factors including distribution, service, reputation, innovation, price, and quality, vendors in the market are focusing on service offerings and product differentiation for gaining a competitive edge.

Persistence Market Research (PMR), in its new study, has estimated a steady expansion for the global baking ingredients market during the forecast period 2017 to 2022. The market is expected to exceed revenues worth US$ 16,000 Mn by 2022-end.

Emulsifiers to Remain Sought-after among Products in the Market

Emulsifiers are expected to remain sought-after among products in the global baking ingredients market, with sales projected to surpass US$ 4,000 Mn in revenues by 2022-end. This is mainly because of several positive influences related to emulsifiers in baking procedure such as reduced production cost, enhanced fermentation activity, extended shelf-life, and improvement in dough stability.

Biscuits and cookies are expected to be the fastest growing application of baking ingredients, accounting for over one-fourth share of the market in 2017. Sales of biscuits & cookies are expected to create an absolute $ opportunity of over US$ 1,000 Mn between 2017 and 2022. Sales of baking ingredients for application in bunds are expected to exhibit the lowest CAGR through 2022.

North America is expected to remain the most lucrative market for baking ingredients, and is projected to witness the fastest expansion through 2022. Increasing demand for packaged foods and convenience foods, along with rising health-conscious population are factors influencing growth of the market in North America.

Company Profiles

PMR’s report has mentioned key players in the global baking ingredients market that include Archer Daniels Midland Company, Associated British Foods Plc., Cargill Inc., E. I. du Pont de Nemours and Co., BASF SE, Kerry Group Plc., Ajinomoto Corporation Inc., Bakels, Dawn Food Products, AngelYeast Co., Ltd., Döhler GmbH, Ingredion Incorporated, Lonza Group AG, Chr. Hansen Holding A/S, and Lallemand Inc.

Company Profiles

  • Archer Daniels Midland
  • Associated British Foods
  • Cargilll
  • DuPont
  • BASF SE 
  • Kerry Group plc.
  • Ajinomoto Corporation Inc.
  • Dawn Food Products, Inc
  • Bakels Group
  • Angel Yeast Co., Ltd
  • Döhler Group
  • Ingredion Incorporated
  • Lonza Group AG 
  • Chr. Hansen Holding A/S
  • Lallemand Inc. 
  • Others
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