Baking Ingredients Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2032

Description

Persistence Market Research has recently published an extensive report on the global Baking Ingredients Market. This report offers a comprehensive analysis of the key market dynamics, including drivers, trends, opportunities, and challenges, providing deep insights into the market structure.

Key Insights:

Baking Ingredients Market Size (2022E): US$18.2 Bn
Projected Market Value (2032F): US$28.4 Bn
Global Market Growth Rate (CAGR 2022 to 2032): 6.5%

Baking Ingredients Market - Report Scope:

The Baking Ingredients Market encompasses a wide range of products used in the preparation of baked goods. These ingredients include flour, sugar, fats, leavening agents, and others, essential for the production of bread, cakes, pastries, and other baked goods. The market serves various segments, including industrial baking, artisanal bakers, and home bakers, catering to different consumer preferences. Growth in this market is driven by the rising demand for convenience foods, increasing consumer interest in home baking, and innovations in ingredient formulations that cater to health-conscious consumers.

Market Growth Drivers:

Several key factors are driving the global Baking Ingredients Market. The growing trend of home baking, especially during the pandemic, has significantly boosted the demand for baking ingredients. Additionally, the rising popularity of clean label and organic products is driving the demand for natural baking ingredients. Technological advancements in food processing and the development of multifunctional ingredients that offer enhanced texture, flavor, and shelf life are further contributing to market growth. The increasing adoption of plant-based ingredients in baking, driven by consumer preference for vegan and vegetarian diets, is also a significant factor driving market expansion.

Market Restraints:

Despite the promising growth prospects, the Baking Ingredients Market faces challenges related to fluctuating raw material prices and the high cost of certain specialty ingredients. The market growth may also be hindered by the growing trend of low-carb and gluten-free diets, which reduce the demand for traditional baking ingredients like flour. Moreover, the increasing awareness of the negative health impacts of sugar and fats is leading to a shift in consumer preferences towards healthier alternatives, which may impact the demand for conventional baking ingredients.

Market Opportunities:

The market presents significant opportunities driven by the rising demand for gluten-free, low-sugar, and organic baking ingredients. The development of new ingredient solutions that cater to specific dietary needs, such as keto-friendly and allergen-free products, offers substantial growth potential. The expansion of e-commerce platforms provides a new channel for market growth, allowing consumers easy access to a wide variety of baking ingredients. Additionally, the growing trend of experiential baking, where consumers experiment with new flavors and ingredients, is creating opportunities for innovative product launches.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the Baking Ingredients Market globally?
Which types and forms of baking ingredients are leading the adoption in various settings?
How are technological advancements influencing the competitive landscape of the Baking Ingredients Market?
Who are the key players in the Baking Ingredients Market, and what strategies are they employing to stay competitive?
What are the emerging trends and future prospects in the global Baking Ingredients Market?

Competitive Intelligence and Business Strategy:

Leading players in the global Baking Ingredients Market, including Cargill, Incorporated, Archer Daniels Midland Company, and Associated British Foods plc, focus on innovation, product differentiation, and strategic collaborations to gain a competitive edge. These companies invest in R&D to develop advanced baking ingredient solutions and explore new formulations. Collaborations with suppliers, distributors, and retail partners facilitate market access and promote new product adoption. Emphasis on consumer education, high-quality products, and comprehensive marketing strategies fosters market growth and enhances brand loyalty in the evolving Baking Ingredients Market landscape.

Key Companies Profiled:

Puratos
Cargill, Incorporated
Siegel Egg Co.
Bakels Worldwide
Glanbia plc
Koninklijke DSM N.V.
Corbion N.V.
Efco Products, Inc.
KANEKA Corporation
IREKS GmbH
Kerry Group Plc
Lallemand, Inc.
Martin Braun KG
Novozymes
Others

Baking Ingredients Market Industry Segmentation

Bakery Ingredients Market by Product Type:

Enzymes
Emulsifiers
Colors & Flavors
Yeast
Fats & Oils

Bakery Ingredients Market by Application:

Bread
Cakes and Pastries
Cookies & Biscuits
Others

Bakery Ingredients Market by Distribution Channel:

Traditional Trade
Modern Trade
Industrial
Foodservice (HoReCa)

Bakery Ingredients Market by Region:

North America Bakery Ingredients Market
Latin America Bakery Ingredients Market
Europe Bakery Ingredients Market
East Asia Bakery Ingredients Market
South Asia and Pacific Bakery Ingredients Market
Middle East and Africa Bakery Ingredients Market

Product Code: PMRREP18271

1. Executive Summary

1.1. Global Baking Ingredients Market Snapshot, 2022-2032
1.2. Market Opportunity Assessment, 2022-2032, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Industry Developments and Key Market Events
1.6. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Baking Ingredients Market: Value Chain
- 2.3.1. List of key players
- 2.3.2. List of key distributors
2.4. Forecast Factors - Relevance and Impact
2.5. Covid-19 Impact Assessment
2.6. PESTLE Analysis
2.7. Porter Five Force's Analysis

3. Key Regulations/ Standards

4. Price Trend Analysis, 2019-2031

4.1. Key Factors Impacting Prices
4.2. Prices by Product Type

5. Global Baking Ingredients Market Outlook: Historical (2019-2023) and Forecast (2022-2032)

5.1. Market Size (US$ Bn) Analysis and Forecast
- 5.1.1. Historical Market Size Analysis, 2019-2023
- 5.1.2. Current Market Size Forecast, 2024-2031
5.2. Global Baking Ingredients Market Outlook: Product Type
- 5.2.1. Historical Market Size (US$ Bn) Analysis By Product Type, 2019-2023
- 5.2.2. Current Market Size (US$ Bn) Forecast By Product Type, 2022-2032
  - 5.2.2.1. Emulsifiers
  - 5.2.2.2. Leavening agent
  - 5.2.2.3. Enzymes
  - 5.2.2.4. Baking Powder and Mixes
  - 5.2.2.5. Oils and Fats
  - 5.2.2.6. Colors & Flavors
  - 5.2.2.7. Dough Conditioners
  - 5.2.2.8. Starch
  - 5.2.2.9. Other Products
- 5.2.3. Market Attractiveness Analysis: Product Type
5.3. Global Baking Ingredients Market Outlook: Application
- 5.3.1. Historical Market Size (US$ Bn) Analysis By Application, 2019-2023
- 5.3.2. Current Market Size (US$ Bn) Forecast By Application, 2022-2032
  - 5.3.2.1. Bread
  - 5.3.2.2. Biscuits & Cookies
  - 5.3.2.3. Cakes & Pastries
  - 5.3.2.4. Rolls & Pies
- 5.3.3. Market Attractiveness Analysis: Application

6. Global Baking Ingredients Market Outlook: Region

6.1. Historical Market Size (US$ Bn) Analysis By Region, 2019-2023
6.2. Current Market Size (US$ Bn) Forecast By Region, 2022-2032
- 6.2.1. North America
- 6.2.2. Europe
- 6.2.3. East Asia
- 6.2.4. South Asia and Oceania
- 6.2.5. Latin America
- 6.2.6. Middle East & Africa
6.3. Market Attractiveness Analysis: Region

7. North America Baking Ingredients Market Outlook: Historical (2019-2023) and Forecast (2022-2032)

7.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 7.1.1. By Country
- 7.1.2. By Product Type
- 7.1.3. By Application
7.2. Current Market Size (US$ Bn) Forecast By Country, 2022-2032
- 7.2.1. U.S.
- 7.2.2. Canada
7.3. Current Market Size (US$ Bn) Forecast By Product Type, 2022-2032
- 7.3.1. Emulsifiers
- 7.3.2. Leavening agent
- 7.3.3. Enzymes
- 7.3.4. Baking Powder and Mixes
- 7.3.5. Oils and Fats
- 7.3.6. Colors & Flavors
- 7.3.7. Dough Conditioners
- 7.3.8. Starch
- 7.3.9. Other Products
7.4. Current Market Size (US$ Bn) Forecast By Application, 2022-2032
- 7.4.1. Bread
- 7.4.2. Biscuits & Cookies
- 7.4.3. Cakes & Pastries
- 7.4.4. Rolls & Pies
7.5. Market Attractiveness Analysis

8. Europe Baking Ingredients Market Outlook: Historical (2019-2023) and Forecast (2022-2032)

8.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 8.1.1. By Country
- 8.1.2. By Product Type
- 8.1.3. By Application
8.2. Current Market Size (US$ Bn) Forecast By Country, 2022-2032
- 8.2.1. Germany
- 8.2.2. France
- 8.2.3. U.K.
- 8.2.4. Italy
- 8.2.5. Spain
- 8.2.6. Russia
8.3. Current Market Size (US$ Bn) Forecast By Product Type, 2022-2032
- 8.3.1. Emulsifiers
- 8.3.2. Leavening agent
- 8.3.3. Enzymes
- 8.3.4. Baking Powder and Mixes
- 8.3.5. Oils and Fats
- 8.3.6. Colors & Flavors
- 8.3.7. Dough Conditioners
- 8.3.8. Starch
- 8.3.9. Other Products
8.4. Current Market Size (US$ Bn) Forecast By Application, 2022-2032
- 8.4.1. Bread
- 8.4.2. Biscuits & Cookies
- 8.4.3. Cakes & Pastries
- 8.4.4. Rolls & Pies
8.5. Market Attractiveness Analysis

9. East Asia Baking Ingredients Market Outlook: Historical (2019-2023) and Forecast (2022-2032)

9.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 9.1.1. By Country
- 9.1.2. By Product Type
- 9.1.3. By Application
9.2. Current Market Size (US$ Bn) Forecast By Country, 2022-2032
- 9.2.1. China
- 9.2.2. Japan
- 9.2.3. South Korea
9.3. Current Market Size (US$ Bn) Forecast By Product Type, 2022-2032
- 9.3.1. Emulsifiers
- 9.3.2. Leavening agent
- 9.3.3. Enzymes
- 9.3.4. Baking Powder and Mixes
- 9.3.5. Oils and Fats
- 9.3.6. Colors & Flavors
- 9.3.7. Dough Conditioners
- 9.3.8. Starch
- 9.3.9. Other Products
9.4. Current Market Size (US$ Bn) Forecast By Application, 2022-2032
- 9.4.1. Bread
- 9.4.2. Biscuits & Cookies
- 9.4.3. Cakes & Pastries
- 9.4.4. Rolls & Pies
9.5. Market Attractiveness Analysis

10. South Asia & Oceania Baking Ingredients Market Outlook: Historical (2019-2023) and Forecast (2022-2032)

10.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 10.1.1. By Country
- 10.1.2. By Product Type
- 10.1.3. By Application
10.2. Current Market Size (US$ Bn) Forecast By Country, 2022-2032
- 10.2.1. India
- 10.2.2. Southeast Asia
- 10.2.3. ANZ
- 10.2.4. Rest of South Asia & Oceania
10.3. Current Market Size (US$ Bn) Forecast By Product Type, 2022-2032
- 10.3.1. Emulsifiers
- 10.3.2. Leavening agent
- 10.3.3. Enzymes
- 10.3.4. Baking Powder and Mixes
- 10.3.5. Oils and Fats
- 10.3.6. Colors & Flavors
- 10.3.7. Dough Conditioners
- 10.3.8. Starch
- 10.3.9. Other Products
10.4. Current Market Size (US$ Bn) Forecast By Application, 2022-2032
- 10.4.1. Bread
- 10.4.2. Biscuits & Cookies
- 10.4.3. Cakes & Pastries
- 10.4.4. Rolls & Pies
10.5. Market Attractiveness Analysis

11. Latin America Baking Ingredients Market Outlook: Historical (2019-2023) and Forecast (2022-2032)

11.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 11.1.1. By Country
- 11.1.2. By Product Type
- 11.1.3. By Application
11.2. Current Market Size (US$ Bn) Forecast By Country, 2022-2032
- 11.2.1. Brazil
- 11.2.2. Mexico
11.3. Current Market Size (US$ Bn) Forecast By Product Type, 2022-2032
- 11.3.1. Emulsifiers
- 11.3.2. Leavening agent
- 11.3.3. Enzymes
- 11.3.4. Baking Powder and Mixes
- 11.3.5. Oils and Fats
- 11.3.6. Colors & Flavors
- 11.3.7. Dough Conditioners
- 11.3.8. Starch
- 11.3.9. Other Products
11.4. Current Market Size (US$ Bn) Forecast By Application, 2022-2032
- 11.4.1. Bread
- 11.4.2. Biscuits & Cookies
- 11.4.3. Cakes & Pastries
- 11.4.4. Rolls & Pies
11.5. Market Attractiveness Analysis

12. Middle East & Africa Baking Ingredients Market Outlook: Historical (2019-2023) and Forecast (2022-2032)

12.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 12.1.1. By Country
- 12.1.2. By Product Type
- 12.1.3. By Application
12.2. Current Market Size (US$ Bn) Forecast By Country, 2022-2032
- 12.2.1. GCC
- 12.2.2. South Africa
- 12.2.3. Northern Africa
12.3. Current Market Size (US$ Bn) Forecast By Product Type, 2022-2032
- 12.3.1. Emulsifiers
- 12.3.2. Leavening agent
- 12.3.3. Enzymes
- 12.3.4. Baking Powder and Mixes
- 12.3.5. Oils and Fats
- 12.3.6. Colors & Flavors
- 12.3.7. Dough Conditioners
- 12.3.8. Starch
- 12.3.9. Other Products
12.4. Current Market Size (US$ Bn) Forecast By Application, 2022-2032
- 12.4.1. Bread
- 12.4.2. Biscuits & Cookies
- 12.4.3. Cakes & Pastries
- 12.4.4. Rolls & Pies
12.5. Market Attractiveness Analysis

13. Competition Landscape

13.1. Market Share Analysis, 2023
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
- 13.2.3. Tier Structure Analysis
- 13.2.4. Regional Presence Analysis
13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. Associated British Foods plc
  - 13.3.1.1. Overview
  - 13.3.1.2. Segments and Products
  - 13.3.1.3. Key Financials
  - 13.3.1.4. Market Developments
  - 13.3.1.5. Market Strategy
- 13.3.2. Hostess Brands LLC
- 13.3.3. Flower Foods Inc
- 13.3.4. Nestle S.A.
- 13.3.5. George Weston Ltd
- 13.3.6. Grupo Bimbo S.A.B. de C.V.
- 13.3.7. Aryzta AG
- 13.3.8. Finsbury Food Group
- 13.3.9. Goodman Fielder
- 13.3.10. General Mills Inc
- 13.3.11. Bread Talk Co. Ltd
- 13.3.12. Britannia Industries Ltd
- 13.3.13. Tiger Brands Company
- 13.3.14. Monginis Food Pvt. Ltd.
- 13.3.15. Koninklijke DSM V.V.
- 13.3.16. Mckee Foods Corporation
- 13.3.17. Others

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations