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Market Analysis 2019-2024 | Bakery Ingredients Industry Growth, Share, Analysis Report by Market Research Future

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Cassie Tyler
 Market Analysis 2019-2024 | Bakery Ingredients Industry Growth, Share, Analysis Report by Market Research Future

Market Analysis: 

The bakery ingredients market is anticipated to touch USD 17.1 billion at a 5.9% CAGR between 2019- 2024, as per the recent Market Research Future (MRFR) analysis. Baking ingredients are a vital constituent in the bakery industry. Baking ingredients like baking powders, leavening agents, emulsifiers, and enzymes are widely used in the processing of tarts, pies, rolls, cakes, pastries, bread, and others. 

Various factors are propelling the global Bakery Ingredients Industry growth. According to the latest MRFR report, such factors include the booming bakery industry, surging demand for ready-to-eat and convenience bakery products, innovations and technological advances in bakery products, and demand for gluten-free and trans-fat bakery products. Additional factors adding market growth include changing consumer lifestyles, demand for healthy and natural ingredients, demand for gluten-free foods, and consumers increasing awareness about health. Besides, the demand for processed and packaged foods for their long shelf life during the COVID-19 outbreak is also adding market growth. 

On the contrary, stringent regulations, implementation of international quality standards, and replacement of baked food with grains such as oats are factors that may limit the global bakery ingredients market growth over the forecast period. 

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Market Segmentation:

The MRFR report provides an inclusive segmental analysis of the global bakery ingredients market based on application and type. 

By type, the global bakery ingredients market is segmented into oil, fats, and shortenings, mixes, colors and flavors, baking powder and mixes, starch, enzymes, emulsifier, and others. Of these, the baking powder and mixes segment will lead the market over the forecast period. Increasing use as an alternative for yeast in the baking industry for its short processing time is propelling the growth of the segment. Meanwhile, the emulsifier and enzymes segment is predicted to grow at a fast pace over the forecast period. 

By application, the global bakery ingredients market is segmented into cakes and pastries, rolls and pies, bread, cookies and biscuits, and others. Of these, the bread segment will dominate the market over the forecast period for its cost-effectiveness and easy preparation. Meanwhile, rolls and pies will have substantial growth over the forecast period. 

Regional Analysis:

Based on the region, the global bakery ingredients market report covers the growth opportunities and recent trends across North America, Europe, the Asia Pacific (APAC), & the Rest of the World (RoW). Of these, North America will lead the market over the forecast period. The immense popularity of on-the-go bakery products such as pocket sandwiches, rolls, and wraps due to hectic work schedules, changing lifestyle patterns, and surging demand for high protein bakery products having no trans fats or has low fat are adding to the global bakery ingredients market growth in the region. 

The global bakery ingredients market in Europe is predicted to hold the second-largest share over the forecast period. Burgeoning demand for baked food, large population, use of advanced technology to produce different types of baked foods, and consumers growing need for convenient food, advancements in the food processing industry are adding to the global bakery ingredients market growth in the region. France, Germany, and the UK have a maximum share in the market. 

The global bakery ingredients market in the APAC region is predicted to grow at a fast pace over the forecast period. Increasing inclination of customers towards western-style food, increasing disposable income, and large population are adding to the global bakery ingredients market growth in the region. China and India have a maximum share in the market. 

The global bakery ingredients market in the RoW is predicted to have sound growth over the forecast period. Product diversification, rapid innovation in the bakery industry, demand for convenience and packaged foods, and increasing health consciousness are adding to the global bakery ingredients market growth in the region. 

Key Players:

Eminent players profiled in the global bakery ingredients market report include Associated British Foods PLC (U.K.), Lallemand Inc. (Canada), Cargill Incorporated (U.S.), DuPont Nutrition & Health (Denmark), Archer Daniels Midland Company (U.S.), Tate & Lyle plc (U.K.),and Kerry Group PLC (Ireland). 

Browse Complete Report @  https://www.marketresearchfuture.com/reports/bakery-ingredients-market-4928

About Market Research Future:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.

Contact Us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor,

New York, New York 10013

United States of America

+1 628 258 0071

Email: [email protected]

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