About Bakery Ingredient
The bakery ingredients industry comprises one of the major segments of the food processing sector globally and offers huge potential for growth. As the population is growing, its food habits are changing and the consumers are driving towards low-calorie diets. Demand for convenience and packaged foods owing to improving lifestyle standard and economies condition of the developing countries boosting the demand for bakery ingredients. Bakery ingredients are food products that help maintain taste, freshness, softness, increase the protein content, and improve the shelf life of the baked products. Moreover, a growing trend in the bakery ingredient market has been witnessed with respect to the demand for organic and vegetarian bakery products expected to fuel the market growth during the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.19% |
The global bakery ingredient market is fragmented owing to the presence of several small and large dealers who compete in terms of price, quality, reputation, innovation, and distribution. To sustain themselves in such a competitive market environment, it is important for the market players to discriminate their product offerings through a unique and clear value proposition. Also, vendors need to focus on the expansion of their distribution channels to increase their product availability and market penetration. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Bakery Ingredient market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Archer Daniels Midland Company (United States), Koninklijke DSM N.V. (Netherlands), Cargill, Incorporated (United States), BASF SE (Germany), Ingredion Incorporated (United States), Roquette Frères (France), SunOpta (Canada), Darling Ingredients Inc. (United States), Omega Protein Corporation (United States), DowDuPont Inc. (United States), Kemin Industries, Inc. (United States), InVivo (France), John Pointon & Sons Ltd. (United Kingdom) and Associated British Foods (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Bakery Ingredient market by Type (Emulsifiers, Leavening Agents, Enzymes, Baking Powder & Mixes, Oils, Fats, and Shortenings, Colors & Flavors, Starch and Others (Baking Soda, Eggs, Honey, Yeasts, Fruits, and Nuts)), Application (Breads, Cookies & Biscuits, Rolls & Pies, Cakes & Pastries and Others (Pizza Bases, Donuts, Tortillas, Pretzels, Scones, and Cereals)) and Region. where as Baking Powder & Mixes stood as second largest market share.
where as Bread segment stood as second largest market .On the basis of geography, the market of Bakery Ingredient has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2023.
Influencing Trend:
Growing Demand for Organic Bakery Ingredients and Emerging innovative Functions of Baking Ingredients
Market Growth Drivers:
Growing Demand for Gluten-Free and Low Trans-Fat Products and Changing Consumer Lifestyles & Increasing Health Consciousness among Consumers
Challenges:
Increasing number of Local Manufacturers
Restraints:
Stringent Government Regulations and Quality Standards
Opportunities:
Rising Demand for Ready-To-Eat & Frozen Bakery Products and Growing Demand from the Developing Economies
Market Leaders and their expansionary development strategies
3rd June 2019, Associated British Foods announced the joint venture with Wilmar International. The main aim of this venture is to acquire Chinese yeast and bakery ingredients activities of AB Mauri, a division of ABF. The joint venture will also build and operate a new yeast plant co-located with Wilmar’s food processing plant in the Taha industrial zone in Qiqihar City, China, significantly increasing capacity.
6th May 2019, Ingredion launched new clean label starches offering wider functionality and unmatched performance to reduce fat and build indulgent textures. This product is available in Europe, the Middle East and Africa (EMEA). With this launch, the company is focusing on expanding its product portfolio in the natural bakery ingredients market.
“According to the Food and Drug Administration (FDA), in the United States, the amount of trans-fat in the food product must be labeled as trans-fat can increase the risk of developing cardiovascular disease.”
Key Target Audience
Baking Ingredient Manufacturers, Regulatory Bodies, Intermediary Suppliers, Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.