17-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Baking Ingredients Market By Type (Leavening Agents, Fats & Shortenings, Colors & Flavors, Baking Powders & Mixes, Emulsifiers, Starch, Enzymes, Oil and Other Types) and By Application (Cakes & Pastries, Bread, Rolls & Pies, Biscuits & Cookies and Other Applications): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Baking Ingredients market in 2019 was approximately USD 14 Billion. The market is expected to grow at a CAGR of 5% and is anticipated to reach around USD 20.18 Billion by 2026.
Baking ingredients are used in baking products such as bread, cookies, biscuits, cakes, pies, tarts, pastries, dumplings, donuts and frozen products. In the bakery products, it is primarily used to improve the overall quality of the product, save time and durability. It is necessary to use a good quality ingredient when baking to preserve softness and taste. For instance, in bread making, yeast is an important ingredient whose gas created for better results should be kept inside the dough.
Browse the full “Baking Ingredients Market By Type (Leavening Agents, Fats & Shortenings, Colors & Flavors, Baking Powders & Mixes, Emulsifiers, Starch, Enzymes, Oil and Other Types) and By Application (Cakes & Pastries, Bread, Rolls & Pies, Biscuits & Cookies and Other Applications): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/baking-ingredients-market-by-type-leavening-agents-fats-743
The growing attraction for baked and fast food along with easy access to baked and packed food generating market growth across the world. The market for baked goods is growing, owing to the Millenials. The Millenials are becoming a foodie and they are always eager to try new products. This has a positive impact on fast food stores and the bakery market. The rising health concern is one of the restrain in front of the market.
Growing obesity and aging populations have brought on the international front. The increase in awareness of health has a direct effect on the food consumption habits of people. Sugar intake and extra calories directly affect a person's weight. Sugar represents a major source of fructose. Fructose intake increases the desire to eat more food.
In addition, excess fructose intake induces leptin resistance. Leptin is an essential hormone that controls appetite to stop eating and tells the body. Hunger rise increases the intake of food which increases the person's obesity. The rising obesity is an invitation for the heart attack. Therefore, the rise in obesity is estimated to hinder the market growth.
North America leads the market for baking ingredients, owing to the intense consumption of bakery products. Bread is consumed on a daily basis across the globe, which is projected to stimulate the growth of the baking ingredients. In fact, a reluctance to cook on a daily basis results in high demand for bakery products.
The Asia Pacific is considered the most significant region in the forecast period and is it is likely to gain momentum. The number of bakeries in Asia Pacificissurging rapidly as demand for bakery products is increasing. The correction in disposable income is augmenting market growth, particularly in India and China.
Europe is the second-largest bakery product market. The hectic lifestyle encourages people to enjoy fast-paced food like pocket sandwiches, pastries, cupcakes, and pies. Consumption of various types of bread in meals and breakfast estimated to generate the major demand for baking ingredients. The wide range of bread category is favoring France to become leading markets for the demand and production for bread.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 14 Billion |
Projected Market Size in 2026 |
USD 20.18 Billion |
CAGR Growth Rate |
5% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
British Foods Limited, crust ‘n’ crumb food ingredients Pvt Ltd., Cargill, Inc, Caravan Ingredients, Royal DSM N.V., CSM, Kerry Group plc, Taura, Corbian N.V., Dawn Foods Ltd, British Bakels Ltd, AAK UK, and Muntons plc. , and others. |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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The competitors of the baking ingredients possess intense rivalry among each other. The leading players in the market include British Foods Limited, crust ‘n’ crumb food ingredients Pvt Ltd., Cargill, Inc, Caravan Ingredients, Royal DSM N.V., CSM, Kerry Group plc, Taura, Corbian N.V., Dawn Foods Ltd, British Bakels Ltd, AAK UK, and Muntons plc.
This report segments the Baking Ingredients market as follows:
Global Baking Ingredients Market: By Type Segmentation Analysis
- Leavening agents
- Fats & shortenings
- Colors&flavors
- Baking powders & mixes
- Emulsifiers
- Starch
- Enzymes
- Oil
- Other
Global Baking Ingredients Market: By Application Segmentation Analysis
- Cakes & pastries
- Bread
- Rolls & pies
- Biscuits & cookies
- Other
Global Baking Ingredients Market: Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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