Global Baking Ingredients Market Is Grow At Around 5.0% CAGR During 2016–2021

03-Jan-2020 | Zion Market Research

Zion Research has published a new report titled “Baking Ingredients Market by Type (Leavening Agents, Fats & Shortenings, Colors & Flavors, Baking Powders & Mixes, Emulsifiers, Starch, Enzymes, Oil and Other Types) for Cakes & Pastries, Bread, Rolls & Pies, Biscuits & Cookies and Other Application: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021” the global baking ingredients market, as per the report, was capitalized at more than USD 11.80 Billion in 2015, is anticipated to attain around USD 15.73 Billion in 2021 and is projected to expand at around 5.0% CAGR from 2016 to 2021.

Baking process is improved by baking ingredients by enhancing taste, texture, and flavor. Baking is the method wherein the food is baked utilizing continued heat trailed by convection and radiation. Few of the extensively utilized basic baking ingredients are flour, yeast, and egg.

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Browse the full "Baking Ingredients Market by Type (Leavening Agents, Fats & Shortenings, Colors & Flavors, Baking Powders & Mixes, Emulsifiers, Starch, Enzymes, Oil and Other Types) for Cakes & Pastries, Bread, Rolls & Pies, Biscuits & Cookies and other application: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021" report at https://www.zionmarketresearch.com/report/baking-ingredients-market

The baking ingredients market is majorly propelled by increasing need for baked and processed products. Further, rise in population led to increase in food demand. Altering lifestyle along with rising discretional and dual income is likely to drive the market growth. Moreover, rapidly developing food chain industry also stimulates the baked ingredients market growth. There has been an extreme unwillingness for cooking every day in the developed nations that drives the market growth. Nevertheless, baked products with limited shelf life might obstruct the expansion of the baking ingredients market. However, the launch of inventive baked products with more nutritional value is projected to bring up new prospects for the baking ingredients market. Further, dynamically increasing demand for processed, packed, and baked food from the budding nations might positively influence the market growth in the near future.

The baking ingredients market, on the basis of type, can be divided into fats & shortenings, leavening agents, baking powders & mixes, colors & flavors, starch, emulsifiers, oil, and enzymes, among others. The leading segment was starch due to high use and demand in the baking process. Based on applications, the market is categorized into bread, cakes & pastries, biscuits & cookies, rolls & pies, and other. Bread is the widely consumed product every day in the developed nations. Cookies and biscuits are also deemed as a promising market segment.

Europe and North America are deemed to be the leading regions in the baking ingredients market. The growth can be credited to the speedily mounting consumption rate in this region of baked food. Further, a hectic lifestyle also adds up to the noteworthy market growth in Europe and North America. Asia Pacific is also observing extraordinary growth in recent times and is projected to continue it on account of rising food chain and growing demand for processed, packed, and baked food, specifically in India. The Middle East & Africa is also expected to witness sustainable expansion owing to swiftly altering lifestyle in the coming years.

There has been strong competition among prominent market players to mainly emphasis on product development and research for maintaining their positions. Few of the leading market players are Cargill, Inc, Associated British Foods Limited, Kerry Group plc, Royal DSM N.V., British Bakels Ltd, Corbian N.V., AAK UK, Muntons plc, Taura, Dawn Foods Ltd, Caravan Ingredients, CSM, and Empire Baking Company, amongst others.

This report segments the baking ingredients market as follows:

Baking Ingredients Market: Type Segment Analysis

  • Leavening agents
  • Fats & shortenings
  • Colors & flavors
  • Baking powders & mixes
  • Emulsifiers
  • Starch
  • Enzymes
  • Oil
  • Other

Baking Ingredients Market: Applications Segment Analysis

  • Cakes & pastries
  • Bread
  • Rolls & pies
  • Biscuits & cookies
  • Other 

Baking Ingredients Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany 
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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