Bakery Ingredients Market by Type (Emulsifiers, Leavening Agents, Enzymes, Bakery Powders & Mixes, Oil, Fats & Shortenings, Starch, Colors & Flavors),Application, Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.
The global bakery ingredients market is expected to grow from USD 39.2 Billion in 2017 to USD 65.7 Billion by 2025 at a CAGR of 6.7% during the forecast period from 2018-2025. Increased consumption of bakery products due to busy lifestyle, change in culture and change in dietary habits and rise in demand for low trans-fat & gluten-free products are two major factors affecting the growth of the market.
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The bakery powder & mixes segment dominated the market with the highest share of 27.80% in 2017
The type segment is classified into emulsifiers, leavening agents, enzymes, bakery powders & mixes, oil, fats & shortenings, starch colors & flavors and others. Thebakery powder & mixes segment dominated the market and valued around USD 10.89 Billionin 2017. Baking powder and mixes are used to make bread, cakes, waffles, muffins, and pizza crusts. The expansion of bakeries and outlets such as in-store bakeries; convenience stores; supermarket & hypermarket bakeries; artisan bakeries; and café bakeries, especially in the emerging countries such as China, are expected to be the key market drivers for the Bakery ingredients market in the coming years.
Bread segment dominated the market and valued around USD 16.26Billion in 2017
The application segment is segmented into bread, biscuits & cookies, cakes & pastries, rolls & pies and others. Bread segment dominated the market with the highest share of 41.50% in 2017 owing to increased consumption of low sugar and low carbohydrates bakery products.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. TheAsia Pacificregion is dominating the market with the highest share of 44.50% in 2017.Asia Pacific is dominating the market due to the growing demand for packaged and convenience foods in this region. China is projected to dominate the regiondue to the adoption of western diets, especially among the younger population.
The major players of market include Archer Daniels Midland Company; Associated British Foods plc.; Bakels Group; Cargill, Incorporated; Dawn Food Products Inc.; E. I. du Pont de Nemours and Company; Ingredion Incorporated; Kerry Group plc; Koninklijke DSM N.V.; and Lallemand Inc., Sdzucker, Taura Natural Ingredients Ltd., AAK AB, Tate & Lyle PLC, Corbion N.V., IFFCO Corporate, CSM Bakery Solutions, Novozymes, and Puratos Group
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