Baking Ingredients Market By Product Type (Emulsifiers, Leavening Agents, Enzymes, Baking Powder & Mixes, Oils, Fats & Shortenings, Starch, Colours & Flavours, Others), By Application (Bread, Biscuits & Cookies, Cakes & Pastries, Roll & Pies, Others) and By Region (North America, Europe, Asia Pacific, Latin America, MEA) - Global Forecasts 2016 To 2026

Date : Mar 2021

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Report ID : 63

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Category : F&B ingredients

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Report Format:  PDF EXCEL PPT WORD

Baking Ingredients Market Definition

Ingredients that help preserve freshness, softness, taste while increasing shelf life and protein content are referred to as baking ingredients. These typically consist of enzymes, emulsifiers, leavening agents, baking powders, baking sodas and many more. The flavour and texture of the food product depends on the selection of ingredients and their proportions. They are used for the processing of bread, doughnut, pastries, different types of cakes, pies, tarts and others. Continuous R&D is pushing for the development of new ingredients with varied functions.

Market Overview

Globally, in 2019, the baking ingredients market was valued at approximately USD 14.0 billion. It is estimated to expand at a compound annual growth rate of over 6% from 2021 to 2026. The market’s expected valuation at the end of the forecast period is nearly USD 20.0 billion.

The global baking ingredients market has been adversely affected since the advent of the pandemic. Even though the demand has sustained, the disruptions in supply chain have resulted in a low supply. The consequences of low supply have driven the prices of these ingredients significantly up in 2020. The rising product prices and the supply chain issues have resulted a dip in the overall market valuation.

baking ingredients market

Market Drivers:

Changing needs of consumers

The changing lifestyle patterns and health awareness among consumers have paved the way for low trans-fat and gluten-free products. This, in turn, will fuel the baking ingredients market growth.  The soaring rates of obesity cases and fitness related concerns is expected to boost the market further. Moreover, the rising demand for the use of natural ingredients to manufacture bakery products will create a significant rise in market augmentation.

Market Restraints:

The rising popularity of alternate products

Products such as cereals, oats and many more are rapidly gaining ground across the globe since these are ready-to-eat with little to no added effort. The rising popularity of these products especially among the youth may restrict future market expansion.

Opportunities:

The upsurge in Ready-to-Eat bakery products

The shift from home-cooked to convenience food has pushed for the demand for ready-to-eat products. Adoption of the westernized lifestyle, as well as improved income levels, will be the driving factor for these products. Furthermore, the requirements of consumers for whole grain, zero trans-fat and low sugar is expanding the baking ingredients market.

Market Challenges:

Stringent regulations and/or limits

Baking ingredients are produced through a mix of certain elements. Further, these products are subjected to various health and safety checks in order to be deemed safe for human consumption. In case of final products, a daily intake allowance has been specified by various authorities based on the results of numerous studies. The limit on intake and the regulations on production of bakery ingredients may create a hurdle for market growth.

Baking Ingredients Market Segmentation:

The baking ingredients market has been segmented on the basis of type, application and region.

  • Bifurcated on the basis of type, the market is segmented into emulsifiers, leavening agents, enzymes, baking powder & mixes, oils, fats & shortenings, starch, colours & flavours and others. Baking powder & mixes dominated the market in 2019 since it is the principal ingredient in baking products. The increasing use of enzymes is projected to drive the segment to register the highest growth during the forecast timeline.
  • In terms of application, the market is segmented into bread, biscuits & cookies, cakes & pastries, roll & pies and others. The bread segment accounted for the largest share of the baking ingredient market in terms of revenue. Improved production techniques that give nutritional content at affordable rate especially in emerging countries has propelled the segment’s augmentation. The rising trend of cakes & pastries is expected to push the segment’s growth significantly.

Regional Analysis:

Europe garnered maximum market share in 2019. Germany is the major revenue-generating baking ingredients market. The growth in the region is largely driven by the demand for bakery products due to the extensive use of these products in their cuisines.

The market in the North American region is driven by the increasing number of fast-food chains especially in the United States and Mexico. The demand for baked food products and the widespread use of baking ingredients will positively influencing regional market growth.

The Asia – Pacific region is estimated to witness a growth rate of over 6.5% during the forecast period. Growing population, improving economic conditions, rising disposable incomes and introduction of bakery products in the region is anticipated to boost the market growth in the region.

Company Profiles and Competitive Intelligence

The key players operating in the baking ingredients market are:

  • Archer Daniels-Midland Company
  • Associated British Foods PLC
  • Cargill Inc.
  • E. I. Dupont de Nemours and Company
  • Ingredion Inc.
  • AAK AB
  • Bakels Group
  • Corbion N.V.
  • Dawn Food Products
  • IFFCO Corporate
  • Kerry Group PLC
  • Lallemand Inc.
  • Lesaffre Group
  • Novozymes A/S
  • Puratos Group
  • Taura Natural Ingredients Ltd.
  • Tate & Lyle PLC
  • Koninklijke DSM N.V.
  • Sdzucker AG
  • CSM Bakery Solution

The research report analyses the ecosystem of baking ingredients market and categorizes it to forecast the revenues and analyse the trends in each of the following below-mentioned market segments.

Baking Ingredients Market

  1. Product Type
    • Emulsifiers
    • Leavening Agents
    • Enzymes
    • Baking Powder & Mixes
    • Oils, Fats & Shortenings
    • Starch
    • Colours & Flavours
    • Others
  2. Application
  • Bread
  • Biscuits & Cookies
  • Cakes & Pastries
  • Roll & Pies
  • Others

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Norway
    • Italy
    • Spain
    • Netherlands
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • New Zealand
    • Rest of Asia Pacific
  • South America
  • ROW

Author Credentials

Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.

  1. INTRODUCTION
    1. Product Outline
    2. What are Baking Ingredients
    3. Overview of Baking Ingredients
    4. Analysis of Baking Ingredients Ecosystem / Value Chain
    5. Supply Chain Analysis
    6. Covid -19 Impact
    7. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Threats
    8. Technology Overview
    9. Patent Analysis
  2. Regulatory Landscape for Baking Ingredients
    1. Regulations and Standards
  3. Baking Ingredients Pricing Analysis
    1. Prices of Baking Ingredients products
  4. Baking Ingredients Market by Product Type
    1. Emulsifiers
    2. Leavening Agents
    3. Enzymes
    4. Baking Powder & Mixes
    5. Oils, Fats & Shortenings
    6. Starch, Colours & Flavours
    7. Others
  5.  Baking Ingredients Market by Application
    1. Bread
    2. Biscuits & Cookies
    3. Cakes & Pastries
    4. Roll & Pies
    5. Others
  6. Regional Analysis
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. UK
      3. France
      4. Norway
      5. Italy
      6. Spain
      7. Netherlands
      8. Rest Of Europe
    3. Asia Pacific
      1. China
      2. India
      3. Japan
      4. Australia
      5. New Zealand
      6. Rest Of Asia Pacific
    4. Middle East and Africa
    5. South America
  7. Key Strategic Insights
    1. New Raw Material Sources
    2. New Applications
    3. Emerging Technologies
    4. Opportunity mapping
    5. Critical Success Factors
    6. Environmental Impact and sustainability issues
    7. Consumer preferences in Food Products
  8. Key Market Trends / Recent Developments
  9. Competitive Scenario
    1. Competitive Strategies of Key Players
      1. Mergers and Acquisitions
      2. Investments
      3. Joint Ventures
      4. New Product launches
    2. Strength of product portfolio
    3. Ranking of Key Players
    4. Presence of players by Geographies
  10. KEY GLOBAL PLAYERS
  1. Archer Daniels-Midland Company
  2. Associated British Foods PLC
  3. Cargill Inc.
  4. E. I. Dupont de Nemours and Company
  5. Ingredion Inc.
  6. AAK AB
  7. Bakels Group
  8. Corbion N.V.
  9. Dawn Food Products
  10. IFFCO Corporate
  11. Kerry Group PLC
  12. Lallemand Inc.
  13. Lesaffre Group
  14. Novozymes A/S
  15. Puratos Group
  16. Taura Natural Ingredients Ltd.
  17. Tate & Lyle PLC
  18. Koninklijke DSM N.V.
  19. Sdzucker AG
  20. CSM Bakery Solution
  21. Cardiff Baking Ingredients Ltd
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