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Baking Ingredients Market - Global Industry Analysis

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, 2020 – 2028

Published Date: 18-May-2021 Category: Food & Beverage Report Format : PDF Pages: 140 Report Code: ZMR-113 Status : Published

The Global Baking Ingredients Market accounted for almost USD 14.98 Billion in 2020 and is likely to cross almost USD 21.08 Billion by end of 2028, developing at a CAGR of almost 5.0% from 2017 to 2022.

Description

Market Overview

The Global Baking Ingredients Market accounted for almost USD 14.98 Billion in 2020 and is likely to cross almost USD 21.08 Billion by end of 2028, developing at a CAGR of almost 5.0% from 2017 to 2022.

Increasing demand for packaged and baked goods is propelling the baking ingredients market. Furthermore, as the world's population grows, so does food demand. The growth of this demand is fueled by a changing lifestyle along with rising dual and discretionary income. Furthermore, the baking ingredients market is being driven by the rapidly rising food chain industry. The rising demand for frozen and baked goods is driving the baking ingredients market. The growth of this industry is fueled by changing lifestyles and rising dual and discretionary income.

Moreover, key manufactures in the market are focusing on strategies such as new product launches. For instance, in June 2020, Ingredion, Inc. launched a new clean label emulsifier in the United States and Canadian market. It offers wide applications such as it is suitable for egg replacement in low- and high-fat vegan, spreadable, spoonable and pourable dressings, white cooking sauces and ready meal applications. Likewise in February 2021, American Key Food Products has introduced an organic starch in the market. The new starch is gluten-free and paleo- and vegan-friendly.

COVID-19 Impact Analysis

The pandemic has significantly impacted the snack and bakery industry. Nonetheless, food processing is a necessary industry, and snack manufacturers and bakeries have worked tirelessly to keep their operations up and running. By 2020, packaged goods could rise by over 6% in 2020 relative to 2019, while fresh food intake could drop by 11% or more, depending on the severity of COVID-19 pandemic. During the lockdown, bake-off use rose at the expense of scratch baking on the premises, which faced labour shortages and additional sanitary restrictions. Due to the difficulty of maintaining regular deliveries, fresh bakery food deliveries (for resale) have declined since the lockout. However, in some nations, new markets for industrial fresh goods have arisen.

Growth Factors

The baking ingredients market is expected to rise in response to rising demand for ready-to-eat foods. In developing markets, the transition from traditional home-cooked food to convenience foods has raised demand for these baking products. Thereby, provides various growth opportunities in the market. Moreover, the adoption of a westernised lifestyle, dual-income households, a focus on healthy lifestyles, increased wellness awareness, and a rise in disposable income are the main factors driving the baked foods industry's expansion, which will fuel demand for baking ingredients manufacturers.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Type Segment Analysis Preview

Based on type, the Global Baking Ingredients Market is segmented into Leavening agents, fats & shortenings, colours & spices, baking powders & blends, emulsifiers, flour, enzymes, and oil and others

Due to high demand and active use of starch in the baking process, the segment dominated the market in the year 2020. The growth of the starch segment is supported by various benefits offered by it such as starch helps in improving texture and aims to increase the shelf life of baked products. Moreover, rising consumption of bread across the globe is expected to boost the growth of the market as starch is the key ingredients in bread production. For instance, it is estimated that the total bread consumption accounted for 129,000 tonnes in 2016 as compared to 122,000 tonnes in 2007.

Emulsifiers are helps in maintain the freshness and quality of baked food by improving the mixing capacity of immiscible liquids such as oil and water. Emulsifiers used in baking helps you to improve batter stability, cake volume and texture, prolonged shelf life and cost reductions. Thereby, the segment is expected to grow at a significant rate during the forecast period.

Regional Analysis Preview

North America dominated the overall baking ingredients market in 2020 and expected to continue its dominance over the forecast period. The baking industry contributes significantly to the US economy, raising more than $30 billion in sales in 2013. In the United States, there are 2,800 private bakeries and 6,000 retail bakeries. This graphic depicts the industry's scale and size. Despite the fact that there are many bakeries in the United States, the top four producers account for 35% of industry sales and commercial producers account for 91% of the total revenue. Moreover, various strategies aopted by major player also supports the growth of the market. For instance, recently, Grupo Bimbo acquired Sara Lee and Weston Bread Unit, making it the largest baked 6 goods company in the US. The aforesaid reasons are some of the key factors contributing to the growth of the market.

Asia Pacific region is expected to grow at a fastest rate during the forecast period. For instance, the bakery industry in India is the largest segment of the food processing industry and has enormous growth potential. More than 2,000 organised or semiorganized bakeries produce 1.3 million tonnes of bakery products in India, while 1,000,000 unorganised small-scale bakeries produce 1.7 million tonnes.

Key Market Players & Competitive Landscape

Some of key players in Baking Ingredients Market are British Foods Limited, Cargill, Inc, Royal DSM N.V., Kerry Group plc, Corbian N.V., British Bakels Ltd, Muntons plc, AAK UK, Dawn Foods Ltd, Taura, CSM, Caravan Ingredients, crust ‘n’ crumb food ingredients Pvt Ltd. and Empire Baking Company among others

 The Global Baking Ingredients Market is segmented as follows:

By Type

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

By Applications

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

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter 2. Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
      • 2.1.2. Market Attractiveness Analysis, By Type
      • 2.1.3. Market Attractiveness Analysis, By Applications
      • 2.1.4. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Baking Ingredients Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter 3. COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter 4. Baking Ingredients Market –Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Type, 2020 & 2028
    • 4.2. Leavening agents
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Fats & shortenings
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Culors & flavors
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Baking powders & mixes
      • 4.5.1. Market Size and Forecast, By Region (USD Billion)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.6. Emulsifiers
      • 4.6.1. Market Size and Forecast, By Region (USD Billion)
      • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.7. Starch
      • 4.7.1. Market Size and Forecast, By Region (USD Billion)
      • 4.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.7.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.8. Enzymes
      • 4.8.1. Market Size and Forecast, By Region (USD Billion)
      • 4.8.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.8.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.9. Oil
      • 4.9.1. Market Size and Forecast, By Region (USD Billion)
      • 4.9.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.9.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.10. Others
      • 4.10.1. Market Size and Forecast, By Region (USD Billion)
      • 4.10.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.10.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter 5. Baking Ingredients Market – Applications Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Applications, 2020 & 2028
    • 5.2. Cakes & pastries
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Bread
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Rulls & pies
      • 5.4.1. Market Size and Forecast, By Region (USD Billion)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Biscuits & cookies
      • 5.5.1. Market Size and Forecast, By Region (USD Billion)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.6. Others
      • 5.6.1. Market Size and Forecast, By Region (USD Billion)
      • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter 6. Baking Ingredients Market – Regional Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.2.2. North America Market Revenue, By Type, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Applications, 2016 – 2028
      • 6.2.4. U.S.
        • 6.2.4.1. U.S. Market Revenue, By Type, 2016 – 2028
        • 6.2.4.2. U.S. Market Revenue, By Applications, 2016 – 2028
      • 6.2.5. Canada
        • 6.2.5.1. Canada Market Revenue, By Type, 2016 – 2028
        • 6.2.5.2. Canada Market Revenue, By Applications, 2016 – 2028
      • 6.2.6. Mexico
        • 6.2.6.1. Mexico Market Revenue, By Type, 2016 – 2028
        • 6.2.6.2. Mexico Market Revenue, By Applications, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.3.2. Europe Market Revenue, By Type, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By, 2016 – 2028
      • 6.3.4. Europe Market Revenue, By Applications, 2016 – 2028
      • 6.3.5. Germany
        • 6.3.5.1. Germany Market Revenue, By Type, 2016 – 2028
        • 6.3.5.2. Germany Market Revenue, By Applications, 2016 – 2028
      • 6.3.6. France
        • 6.3.6.1. France Market Revenue, By Type, 2016 – 2028
        • 6.3.6.2. France Market Revenue, By Applications, 2016 – 2028
      • 6.3.7. U.K.
        • 6.3.7.1. U.K. Market Revenue, By Type, 2016 – 2028
        • 6.3.7.2. U.K. Market Revenue, By Applications, 2016 – 2028
      • 6.3.8. Italy
        • 6.3.8.1. Italy Market Revenue, By Type, 2016 – 2028
        • 6.3.8.2. Italy Market Revenue, By Applications, 2016 – 2028
      • 6.3.9. Spain
        • 6.3.9.1. Spain Market Revenue, By Type, 2016 – 2028
        • 6.3.9.2. Spain Market Revenue, By Applications, 2016 – 2028
      • 6.3.10. Rest of Europe
        • 6.3.10.1. Rest of Europe Market Revenue, By Type, 2016 – 2028
        • 6.3.10.2. Rest of Europe Market Revenue, By Applications, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.4.2. Asia Pacific Market Revenue, By Type, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Applications, 2016 – 2028
      • 6.4.4. China
        • 6.4.4.1. China Market Revenue, By Type, 2016 – 2028
        • 6.4.4.2. China Market Revenue, By Applications, 2016 – 2028
      • 6.4.5. Japan
        • 6.4.5.1. Japan Market Revenue, By Type, 2016 – 2028
        • 6.4.5.2. Japan Market Revenue, By Applications, 2016 – 2028
      • 6.4.6. India
        • 6.4.6.1. India Market Revenue, By Type, 2016 – 2028
        • 6.4.6.2. India Market Revenue, By Applications, 2016 – 2028
      • 6.4.7. South Korea
        • 6.4.7.1. South Korea Market Revenue, By Type, 2016 – 2028
        • 6.4.7.2. South Korea Market Revenue, By Applications, 2016 – 2028
      • 6.4.8. South-East Asia
        • 6.4.8.1. South-East Asia Market Revenue, By Type, 2016 – 2028
        • 6.4.8.2. South-East Asia Market Revenue, By Applications, 2016 – 2028
      • 6.4.9. Rest of Asia Pacific
        • 6.4.9.1. Rest of Asia Pacific Market Revenue, By Type, 2016 – 2028
        • 6.4.9.2. Rest of Asia Pacific Market Revenue, By Applications, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.5.2. Latin America Market Revenue, By Type, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Applications, 2016 – 2028
      • 6.5.4. Brazil
        • 6.5.4.1. Brazil Market Revenue, By Type, 2016 – 2028
        • 6.5.4.2. Brazil Market Revenue, By Applications, 2016 – 2028
      • 6.5.5. Argentina
        • 6.5.5.1. Argentina Market Revenue, By Type, 2016 – 2028
        • 6.5.5.2. Argentina Market Revenue, By Applications, 2016 – 2028
      • 6.5.6. Rest of Latin America
        • 6.5.6.1. Rest of Latin America Market Revenue, By Type, 2016 – 2028
        • 6.5.6.2. Rest of Latin America Market Revenue, By Applications, 2016 – 2028
    • 6.6. Middle-East and Africa
      • 6.6.1. Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.6.2. Middle-East and Africa Market Revenue, By Type, 2016 – 2028
      • 6.6.3. Middle-East and Africa Market Revenue, By Applications, 2016 – 2028
      • 6.6.4. GCC Countries
        • 6.6.4.1. GCC Countries Market Revenue, By Type, 2016 – 2028
        • 6.6.4.2. GCC Countries Market Revenue, By Applications, 2016 – 2028
      • 6.6.5. South Africa
        • 6.6.5.1. South Africa Market Revenue, By Type, 2016 – 2028
        • 6.6.5.2. South Africa Market Revenue, By Applications, 2016 – 2028
      • 6.6.6. Rest of Middle-East and Africa
        • 6.6.6.1. Rest of Middle-East and Africa Market Revenue, By Type, 2016 – 2028
        • 6.6.6.2. Rest of Middle-East and Africa Market Revenue, By Applications, 2016 – 2028
  • Chapter 7. Baking Ingredients Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technology Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter 8. Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Baking Ingredients Market: Company Market Share, 2019
      • 8.1.2. Global Baking Ingredients Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 8.1.3. Global Baking Ingredients Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Baking Ingredients Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter 9. Company Profiles
    • 9.1. Cargill, Inc.
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. British Foods Limited
    • 9.3. Royal DSM N.V.
    • 9.4. Kerry Group plc
    • 9.5. Corbian N.V.
    • 9.6. British Bakels Ltd
    • 9.7. Muntons plc
    • 9.8. AAK UK
    • 9.9. Dawn Foods Ltd
    • 9.10. Taura
    • 9.11. CSM
    • 9.12. Caravan Ingredients
    • 9.13. crust ‘n’ crumb food ingredients Pvt Ltd.
    • 9.14. Empire Baking Company
  • Chapter 10. Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter 11. Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Type
FIG NO. 2. Market Attractiveness Analysis, By Applications
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Baking Ingredients Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Type, 2020 & 2028
FIG NO. 7. Global Baking Ingredients Market for Leavening agents, Revenue (USD Billion) 2016 –2028
FIG NO. 8. Comparative Revenue Analysis of Baking Ingredients Market for Leavening agents, By Country, 2020 & 2028
FIG NO. 9. Global Baking Ingredients Market for Fats & shortenings, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Baking Ingredients Market for Fats & shortenings, By Country, 2020 & 2028
FIG NO. 11. Global Baking Ingredients Market for Colors & flavors, Revenue (USD Billion) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Baking Ingredients Market for Colors & flavors, By Country, 2020 & 2028
FIG NO. 13. Global Baking Ingredients Market for Baking powders & mixes, Revenue (USD Billion) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Baking Ingredients Market for Baking powders & mixes, By Country, 2020 & 2028
FIG NO. 15. Global Baking Ingredients Market for Emulsifiers, Revenue (USD Billion) 2016 – 2028
FIG NO. 16. Comparative Revenue Analysis of Baking Ingredients Market for Emulsifiers, By Country, 2020 & 2028
FIG NO. 17. Global Baking Ingredients Market for Starch, Revenue (USD Billion) 2016 – 2028
FIG NO. 18. Comparative Revenue Analysis of Baking Ingredients Market for Starch, By Country, 2020 & 2028
FIG NO. 19. Global Baking Ingredients Market for Enzymes, Revenue (USD Billion) 2016 – 2028
FIG NO. 20. Comparative Revenue Analysis of Baking Ingredients Market for Enzymes, By Country, 2020 & 2028
FIG NO. 21. Global Baking Ingredients Market for Oil, Revenue (USD Billion) 2016 – 2028
FIG NO. 22. Comparative Revenue Analysis of Baking Ingredients Market for Oil, By Country, 2020 & 2028
FIG NO. 23. Global Baking Ingredients Market for Other, Revenue (USD Billion) 2016 – 2028
FIG NO. 24. Comparative Revenue Analysis of Baking Ingredients Market for Other, By Country, 2020 & 2028
FIG NO. 25. Market Revenue Share, By Applications, 2020 & 2028
FIG NO. 26. Global Baking Ingredients Market for Cakes & pastries Revenue (USD Billion) 2016 – 2028
FIG NO. 27. Comparative Revenue Analysis of Baking Ingredients Market for Cakes & pastries, By Country, 2020 & 2028
FIG NO. 28. Global Baking Ingredients Market for Bread, Revenue (USD Billion) 2016 – 2028
FIG NO. 29. Comparative Revenue Analysis of Baking Ingredients Market for Bread, By Country, 2020 & 2028
FIG NO. 30. Global Baking Ingredients Market for Rolls & pies, Revenue (USD Billion) 2016 – 2028
FIG NO. 31. Comparative Revenue Analysis of Baking Ingredients Market for Rolls & pies, By Country, 2020 & 2028
FIG NO. 32. Global Baking Ingredients Market for Biscuits & cookies, Revenue (USD Billion) 2016 – 2028
FIG NO. 33. Comparative Revenue Analysis of Baking Ingredients Market for Biscuits & cookies, By Country, 2020 & 2028
FIG NO. 34. Global Baking Ingredients Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 35. Comparative Revenue Analysis of Baking Ingredients Market for Others, By Country, 2020 & 2028
FIG NO. 36. Global Baking Ingredients Market Revenue Share, By Region, 2020 & 2028
FIG NO. 37. North America Baking Ingredients Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 38. Porter’s Five Forces Analysis for Global Baking Ingredients Market
FIG NO. 39. PEST Analysis for Global Baking Ingredients Market
FIG NO. 40. Pricing Analysis for Global Baking Ingredients Market
FIG NO. 41. Value Chain Analysis for Global Baking Ingredients Market
FIG NO. 42. Company Share Analysis, 2019
FIG NO. 43. Radar Determinant Chart, 2019
FIG NO. 44. Company Strategic Developments – Heat Map Analysis
FIG NO. 45. Cargill, Inc. Business Segment Revenue Share, 2020 (%)
FIG NO. 46. Muntons plc. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 47. Market Channels
FIG NO. 48. Marketing Channel Development Trend
FIG NO. 49. Growth in World Gross Product, 2008-2018
FIG NO. 50. Research Methodology – Detailed View
FIG NO. 51. Research Methodology
 


List of Tables 

TABLE NO. 1. Global Baking Ingredients Market: Snapshot
TABLE NO. 2. Quarterly Baking Ingredients Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Baking Ingredients Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6. Global Baking Ingredients Market for Leavening agents, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Baking Ingredients Market for Fats & shortenings, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Baking Ingredients Market for Colors & flavors, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Baking Ingredients Market for Baking powders & mixes, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Baking Ingredients Market for Emulsifiers, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Baking Ingredients Market for Starch, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. Global Baking Ingredients Market for Enzymes, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global Baking Ingredients Market for Oil, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 14. Global Baking Ingredients Market for Other, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 15. Global Baking Ingredients Market for Cakes & pastries, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 16. Global Baking Ingredients Market for Bread, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 17. Global Baking Ingredients Market for Rolls & pies, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 18. Global Baking Ingredients Market for Biscuits & cookies, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 19. Global Baking Ingredients Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 20. Global Baking Ingredients Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 21. North America Baking Ingredients Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 22. North America Baking Ingredients Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 23. North America Baking Ingredients Market Revenue, By Applications, 2016 – 2028 (USD Billion)
TABLE NO. 24. U.S. Baking Ingredients Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 25. U.S. Baking Ingredients Market Revenue, By Applications, 2016 – 2028 (USD Billion)
TABLE NO. 26. Canada Baking Ingredients Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 27. Canada Baking Ingredients Market Revenue, By Applications, 2016 – 2028 (USD Billion)
TABLE NO. 28. Mexico Baking Ingredients Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 29. Mexico Baking Ingredients Market Revenue, By Applications, 2016 – 2028 (USD Billion)
TABLE NO. 30. Drivers for the Baking Ingredients Market: Impact Analysis
TABLE NO. 31. Restraints for the Baking Ingredients Market: Impact Analysis
TABLE NO. 32. Major Buyers of Baking Ingredients
TABLE NO. 33. Distributors/Traders List of Baking Ingredients
TABLE NO. 34. Global Baking Ingredients Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 35. Global Baking Ingredients Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Baking Ingredients market. Zion Research has collected and analyzed key data belong to the global Baking Ingredients market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined afterconducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Baking Ingredients across the world has been calculated through primary and secondary research.

Zion Research employs combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include, STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assistedin validation of findings from secondary research and to understand key trends in the Baking Ingredients industry. Primary research makes up major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Baking Ingredients market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Baking is a process which involves radiation and convection technology and the food is baked using prolonged heating. Baking ingredients are the supporting agents in the process of baking. Baking ingredients improve baking and provide high texture, puffiness, and great taste. Baking ingredients ease the process of baking. Some of the frequently used baking ingredients are eggs, yeast, and butter among others.

Rapidly growing population along with increasing food demand are some of  the major driver for the bread and baked food market. This, in turn, increases the demand for baking ingredients market. The rise in hectic lifestyle with dual income spurs the demand for fast food. This results in the substantial growth of baking ingredients market. Escalating food chain industry and increasing disposable income further, fuels the growth of the market. However, limited shelf life of the baked products couple with health concern population which hesitates to use refined flour, high fats, and chemicals may impede the demand for these products in the market. Nevertheless, ongoing research and development for introducing gluten free bread with high nutrition are likely to offer ample opportunities to the baking ingredients market. Moreover, rising demand from the emerging countries owing to increasing attraction for the fast and processed food bid the demand for the bread and baked products in the forecast period.

Global Baking Ingredients Market

The baking ingredient market can be segmented based on type and application. On the basis of type, baking ingredients can be classified as leavening agents, fats & shortenings, colors & flavors, baking powders & mixes, emulsifiers, starch, enzymes, and oil. Starch is considered as highly potential segment owing to its high demand in baking procedures. Some of the major applications for baking ingredients are cakes & pastries, bread, rolls & pies, biscuits & cookies, and other applications. Bread is the most widely consumed product in the European countries on a daily basis. Though, Biscuits and cookies are also gaining huge demand since past couple of years.

North America dominated the baking ingredients market followed by Europe owing to high consumption of bakery products. Moreover, reluctance for cooking on a daily basis leads to high demand for such ready to eat products. Asia Pacific is considered to be the most prominent market and is likely to gain traction in the forecast period. The factor mainly contributes to the growing bakers is surging demand for bakery products. Latin America is anticipated to experience decent growth over the coming years owing to growing demand for baked products in Brazil. The Middle East and Africa is expected to show sustainable growth owing to improvement in living standards and disposable income.
 
Some of the key players in the bakery ingredients are Associated British Foods Limited, Cargill, Inc, Royal DSM N.V., Kerry Group plc, Corbian N.V., British Bakels Ltd, Muntons plc, AAK UK, Dawn Foods Ltd, Taura, CSM, Caravan Ingredients, crust ‘n’ crumb food ingredients Pvt Ltd. and Empire Baking Company among others. The presence of various vendors had led intense competition; therefore the companies in this market space must practice constant innovation strategy by focusing on research and product development for maintaining their sales in the market.

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FrequentlyAsked Questions

The Global Baking Ingredients Market was valued at USD 14.98 Billion in 2020.

The Global Baking Ingredients Market is expected to reach USD 21.08 Billion by 2028, growing at a CAGR of 5.0% between 2021 to 2028.

Some of the key factors driving growth of the Global Baking Ingredients Market is rising consumption of bread worldwide

NorthAmerica region held a substantial share of the Baking Ingredients Market in 2020. This is attributable to the increased per capita income of people.

Some of the major companies operating in Baking Ingredients Market are are British Foods Limited, Cargill, Inc, Royal DSM N.V., Kerry Group plc, Corbian N.V., British Bakels Ltd, Muntons plc, AAK UK, Dawn Foods Ltd, Taura, CSM, Caravan Ingredients, crust ‘n’ crumb food ingredients Pvt Ltd. and Empire Baking Company among others.

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