Baking Ingredients Market by Type (Emulsifiers, Enzymes, Baking Powders, Flavors, Colors, Starches, Sugars, Yeasts); Form (Dry, Liquid); Application (Bread, Cakes & Pastries, Croissants, Sponge Cakes, Cookies, Doughnuts)

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Baking Ingredients Market by Type (Emulsifiers, Enzymes, Baking Powders, Flavors, Colors, Starches, Sugars, Yeasts), Form (Dry, Liquid), Application (Bread, Cakes & Pastries, Croissants, Sponge Cakes, Cookies, Doughnuts)-Global Forecast to 2030.

According to the research report titled, 'Baking Ingredients Market by Type (Emulsifiers, Enzymes, Baking Powders, Flavors, Colors, Starches, Sugars, Yeasts); Form (Dry, Liquid); Application (Bread, Cakes & Pastries, Croissants, Sponge Cakes, Cookies, Doughnuts)-Global Forecast to 2030,' the baking ingredients market is projected to reach $27.2 billion by 2030, at a CAGR of 6.4% during the forecast period of 2023-2030. The report provides an in-depth analysis of the baking ingredients market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecasts till 2030.

Following an extensive secondary and primary research, and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, and trends. The growth of the baking ingredients market is driven by the growing consumer demand for bakery products, increasing urbanization, changing food consumption patterns, and rising demand for healthy bakery products. However, an increase in health-conscious consumers may restrain market growth.

Moreover, a growing consumer demand for frozen bakery products, and emerging functional bakery ingredients are expected to create market growth opportunities. Additionally, gluten-free products, fortified bakery products, and organic products are prominent trends in the baking ingredients market.

The key players operating in the baking ingredients market are Cargill, Incorporated (U.S.), Archer-Daniels-Midland-Company (U.S.), Associated British Foods plc (U.K.), Corbion N.V. (Netherlands), DSM (Netherlands), Lesaffre (France), Kerry Group plc (Ireland), Tate & Lyle PLC (U.K.), and International Flavors & Fragrances Inc. (U.S.).

Based on type, the baking ingredients market is segmented into emulsifiers, leavening agents, enzymes, baking powder, shortening agents, flavors, colors, starches, fibers, preservatives, sugars, yeast, and other bakery ingredients. The enzymes segment is poised to register the fastest growth during the forecast period owing to its increasing usage as a cost-effective alternative to emulsifiers, and its benefits, such as reduced mixing time, increased oxidation, and managed fermentation speed. Additionally, enzymes improve the dough structure & softness, increasing the shelf-life of various bakery products.

Based on form, the baking ingredients market is segmented into dry and liquid forms. In 2023, the dry baking ingredients segment is expected to account for the larger share of the baking ingredients market. Key factors contributing to the dominant position of this segment are the easy availability, easy handling & storage, and the longer shelf life of the dry-form ingredients.

Based on application, the baking ingredients market is segmented into bread, pies & tarts, croissants, sponge cakes, muffins, cookies & biscuits, doughnuts, waffles, and other bakery products. In 2023, the bread segment is expected to account for the largest share of the bakery ingredients market. Key factors contributing to this segment's major share include the rising bread consumption globally, growing demand for fast food, changing lifestyles, and increasing consumer preference for healthy claimed bread products, such as fortified, organic, whole grain, wheat alternative, and gluten-free. In addition, bread is a staple food in many countries, and is experiencing high demand from developing regions, such as Asia-Pacific, and the Middle East & Africa.

An in-depth geographic analysis of the industry provides detailed qualitative and quantitative insights into the five major regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa), and the coverage of major countries in each region. In 2023, Europe is expected to account for the largest share of the baking ingredients market. There is a significant demand for bakery products in this area because they are a staple in their diet, the region's well-established food industry, rising preference for innovative food products, growing demand for gluten-free bakery products, and the presence of key players.

Key Questions Answered in the Report-

What is the current revenue generated by the baking ingredients market globally?
At what rate is the baking ingredients demand projected to grow for the next 5-7 years?
What are the historical market sizes and growth rates of the baking ingredients market?
What are the major factors impacting the growth of this market at the regional and country levels?
What are the major opportunities for existing players and new entrants in the market?
Which segments, in terms of type, form, and application, are expected to create traction for the manufacturers in this market during the forecast period 2023-2030?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the baking ingredients market?
Who are the major players in the baking ingredients market? What are their specific product offerings in this market?
What are the recent strategic developments in the baking ingredients market? What are the impacts of these strategic developments on the market?

Scope of the Report:

Baking Ingredients Market Assessment - by Type

Emulsifiers
Leavening Agents
Enzymes
Baking Powders
Shortening Agents
Flavors
Colors
Starches
Fibers
Preservatives
Sugars
Yeasts
Other Bakery Ingredients

Baking Ingredients Market Assessment - by Form

Dry Baking Ingredients
Liquid Baking Ingredients

Baking Ingredients Market Assessment - by Application

Bread
Cakes & Pastries
Pies & Tarts
Croissants
Sponge Cakes
Muffins
Cookies & Biscuits
Doughnuts
Waffles
Other Bakery Products

Baking Ingredients Market Assessment - by Geography

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe (RoE)
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific (RoAP)
Latin America
Brazil
Mexico
Argentina
Rest of Latin-America (RoLATAM)
Middle East & Africa

Product Code: MRFB - 104738

1. Introduction

1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders

2. Research Methodology

2.1. Research Process
2.2. Data Collection & Validation
- 2.2.1. Secondary Research
- 2.2.2. Primary Research
2.3. Market Assessment
- 2.3.1. Market Size Estimation
  - 2.3.1.1. Bottom-Up Approach
  - 2.3.1.2. Top-Down Approach
  - 2.3.1.3. Growth forecast
- 2.3.2. Market Share Estimation
2.4. Assumptions for the Study
2.5. Limitations for the Study

3. Executive Summary

3.1. Introduction
3.2. Segmental Analysis
- 3.2.1. Baking Ingredients Market Analysis: by Type
- 3.2.2. Baking Ingredients Market Analysis: by Form
- 3.2.3. Baking Ingredients Market Analysis: by Application
3.3. Regional Analysis
3.4. Key Players & Competitive Scenario

4. Market Insights

4.1. Introduction
4.2. Drivers
- 4.2.1. Growing Consumer Demand for Bakery Products
- 4.2.2. Increasing Urbanization and Changing Food Consumption Patterns
- 4.2.3. Rising Demand for Healthy Bakery Products
4.3. Restraints
- 4.3.1. Increase in the Health-Conscious Consumers
4.4. Opportunities
- 4.4.1. Growing Consumer Demand for Frozen Bakery products
- 4.4.2. Emerging Functional Bakery Ingredients
4.5. Trends
- 4.5.1. Gluten-free Products
- 4.5.2. Fortified Bakery Products
- 4.5.3. Organic Products

5. The Impact of COVID-19 on the Baking Ingredients Market

6. Baking Ingredients Market, by Type

6.1. Introduction
6.2. Emulsifiers
6.3. Leavening Agents
6.4. Enzymes
6.5. Baking Powders
6.6. Shortening Agents
6.7. Flavors
6.8. Colors
6.9. Starches
6.10. Fibers
6.11. Preservatives
6.12. Sugars
6.13. Yeasts
6.14. Other Bakery Ingredients

7. Global Baking Ingredients Market, by Form

7.1. Introduction
7.2. Dry Baking Ingredients
7.3. Liquid Baking Ingredients

8. Global Baking Ingredients Market, by Application

8.1. Introduction
8.2. Bread
8.3. Cakes & Pastries
8.4. Pies & Tarts
8.5. Croissants
8.6. Sponge Cakes
8.7. Muffins
8.8. Cookies & Biscuits
8.9. Doughnuts
8.10. Waffles
8.11. Other Bakery Products

9. Baking Ingredients Market, by Geography

9.1. Introduction
9.2. North America
- 9.2.1. U.S.
- 9.2.2. Canada
9.3. Europe
- 9.3.1. Germany
- 9.3.2. France
- 9.3.3. U.K.
- 9.3.4. Italy
- 9.3.5. Spain
- 9.3.6. Rest of Europe (RoE)
9.4. Asia-Pacific
- 9.4.1. China
- 9.4.2. India
- 9.4.3. Japan
- 9.4.4. Australia
- 9.4.5. Rest of Asia-Pacific (RoAPAC)
9.5. Latin America
- 9.5.1. Brazil
- 9.5.2. Mexico
- 9.5.3. Argentina
- 9.5.4. Rest of Latin America (RoLATM)
9.6. Middle East & Africa

10. Competitive Landscape

10.1. Introduction
10.2. Key Growth Strategies
10.3. Competitive Benchmarking
10.4. Market Share Analysis, by Key Players, 2022 (%)

11. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)

11.1. Cargill, Incorporated
11.2. Archer Daniels Midland Company
11.3. Associated British Foods plc
11.4. Corbion N.V.
11.5. Koninklijke DSM N.V.
11.6. Lesaffre
11.7. Kerry Group plc
11.8. Tate & Lyle PLC
11.9. International Flavors & Fragrances Inc.
11.10. Other Companies

12. Appendix

12.1. Questionnaire
12.2. Available Customization