San Francisco, 2 January 2019: The Report Baking Ingredients Market Analysis, By End-use (Bread, Cookies & Biscuits,
Cakes & Pastries, Rolls & Pies), By Product (Emulsifiers, Leavening
Agents, Enzymes, Baking Powder, Oils, Fats, Flavors, Starch), And Segment
Forecasts, 2018 – 2025
The global baking ingredients market is expected to reach USD 19.4 billion by 2025, according
to a new report by Grand View Research, Inc. The market is expected to witness
a CAGR of 5.8% over the forecast period, owing to Increasing consumer
preferences for wide variety of tastes is expected to be the key factor driving
the growth of baking ingredients market. In addition, rise in food-away from
home expenditures is also propelling market growth.
Baking ingredients are widely used in
various end-use segments such as bread, cookies, biscuits, cakes, pastries,
rolls, pies, tarts and cupcakes. The baking ingredients market is mainly driven
by the demand from the bread end-use segment, as it is the staple food in
developed countries and affordable to many price sensitive consumers in
emerging economies. In countries like China and India, bread is replacing many
traditional breakfast and snack items.
Increase in away from home food
expenditures is leading to the increase in the number of retail outlets,
in-store bakeries, convenience stores, artisan bakeries, and coffee shops
providing various baked good with innovative flavors. In addition, increasing
urbanization and improving economic conditions in transition economies is also
having a cumulative effect on the overall market.
In terms of revenue, enzymes and
emulsifiers were estimated as the fastest growing ingredients. These segments
are expected to register double digit growth rate in China. Enzymes and
emulsifiers have several positive influences in the baking process such as
improving the dough stability, extending shelf life, influencing fermentation
activity and reduces production cost. Enzymes, emulsifiers, leavening agents,
oils, fats and shortenings help in expanding the penetration of packaged food
market.
Access Research Report of Baking Ingredients Market @ www.grandviewresearch.com/industry-analysis/baking-ingredients-market
Further key findings from the report suggest:
· Enzymes as baking ingredient is expected to
witness the highest growth in terms of value at a CAGR of 7.9% from 2017 to
2025. Enzymes have a prominent role in increasing the shelf-life and providing
anti-staling properties in the baked product. Furthermore, technological
advancements in developing new enzymes is expected to augment the growth over
the forecast period.
· Bread segment emerged as the largest
end-use in terms of value in 2016 and is estimated to reach USD 8,541.6 million
by 2025. Bread is a staple food in many of the countries in Europe, North
America and Central & South America and has varied application in food processing
industry.
· The industry in Asia Pacific is expected to
witness significant growth over the next eight years owing to rising working
population and customer’s inclination adapting western food life style. In
terms of revenue, the Asia Pacific is expected to grow at a CAGR of 7.2% from
2017 to 2025
· Key players include Flowers Foods Inc,
Hostess Brands LLC, Mckee Foods Corporation, George Weston Ltd., Grupo Bimbo.
S.A.B. de C.V., Uniferm GmbH & Co., Koninklijke DSM N.V, General Mills Inc,
Associated British Foods Plc
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/ready-to-eat-processed-and-frozen-foods
Grand View Research has segmented the
global baking ingredients market on the basis of end-use, product type and
region:
Baking Ingredients End-use Outlook
(Revenue, USD Million, 2014 - 2025)
·
Bread
·
Cookies & Biscuits
·
Cakes & Pastries
·
Rolls & Pies
·
Other
Baking Ingredients Product Type Outlook
(Revenue, USD Million, 2014 - 2025)
·
Emulsifiers
·
Leavening Agents
·
Enzymes
·
Baking Powder & Mixes
·
Oils, Fats, and Shortenings
·
Colors & Flavors
·
Starch
·
Others
Baking Ingredients Regional Outlook
(Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Baking Ingredients Market@ www.grandviewresearch.com/press-release/global-baking-ingredients-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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