Baking Ingredients Market: Fast-rising food chain industry stimulates the market growth, says ZMR

24-Apr-2017 | Zion Market Research

Baking ingredients improve the method of baking by enhancing taste, texture, and flavor. Baking is the method in which the food is baked with the use of extended heat followed by convection and radiation. The extensively used basic ingredients used for baking consist of flour, yeast, and egg. As per the report, the worldwide requirement for baking ingredients market was priced at over USD 11.80 billion in 2015, is projected to attain above USD 15.73 billion in 2021, and is expected to develop at a 5% or slightly above CAGR between 2016 and 2021.

The growing demand for baked and processed products is the major factor fueling the growth of the global market. Furthermore, the rise in population has led to the increasing food demand. Moreover, the fast-rising food chain industry stimulates the market growth. In developed countries, there has been a vast unwillingness for cooking on an everyday basis, which, in turn, has boosted the growth of baking ingredients market. Nevertheless, the baked products having partial shelf-life can impede market growth. However, the emergence of new baked products with elevated nutritional value may open up growth opportunities for the market.

On the basis of type, the market can be categorized into fats & shortenings, leavening agents, baking powders & mixes, colors & flavors, starch, emulsifiers, oil, and enzymes among others. The starch segment is dominating segment due to huge requirement and usage in the baking method. Several applications consist of bread, cakes & pastries, cookies & biscuits, rolls & pies, and other applications. The bread segment is the most widely consumed item on every day basis in the developed countries. Cookies & biscuits are also deemed as a budding market segment.

The major player in the baking ingredients market include the Associated British Foods Limited, Inc., Royal DSM N.V., Cargill, Corbian N.V., Kerry Group plc, Muntons plc, British Bakels Ltd, Dawn Foods Ltd, AAK UK, Taura, Caravan Ingredients, CSM, Empire Baking Company, and Crust ‘n’ Crumb Food Ingredients Pvt Ltd. among others.

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Recently, Bellarise, which is a baking ingredient producer, has developed a novel yeast that is claimed to aid lean dough to elevate its gassing power by almost 30 % and also cut proof time by almost 15%.

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