Global Baking Ingredients Market projected to cross USD 15.73 billion by 2021, at a CAGR of 5.0% between 2016 and 2021.
The baking ingredients market report covers a detailed study of the forecast and analysis on a global and regional level. The report includes historic data of 2015 and forecast from 2016 to 2021 based revenue (USD Million). The study provides drivers and restraints for the market and the impact on the demand over the forecast period. Additionally, the study comprises existing opportunities in the baking ingredients market on a global and regional level.
The report provides the users of this report with a complete view on the baking ingredients market, by including detailed competitive scenario, along with strategic developments and product portfolio of key manufacturers and vendors. The competitive landscape of the baking ingredients market is well given with analysis of Porter’s five forces model for the baking ingredients market. The study covers a market attractiveness analysis, where type and application segments are benchmarked based on their market size, growth rate, and attractiveness.
The baking ingredient market can be segmented based on type and application. On basis of type, the baking ingredients can be classified as leavening agents, fats & shortenings, colors & flavors, baking powders & mixes, emulsifiers, starch, enzymes, and oil. Some of the major applications for baking ingredients are cakes & pastries, bread, rolls & pies, biscuits & cookies, and other applications. All the segments have been studied based on current and future trends and the market is predicated from 2015 to 2021. The regional segmentation includes the present and forecast demand for North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa which its further classified into major countries including U.S. Germany, France, UK, China, Japan, India, and Brazil.
The report includes inclusive competitive outlook and company profiles of the key participants operating in the global market. Key participants profiled in the report include 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.
This report segments the baking ingredients market as follows:
Baking Ingredients Market: Type Segment Analysis
Baking Ingredients Market: Applications Segment Analysis
Baking Ingredients Market: Regional Segment Analysis
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:
Participants who typically participate in such a process include, but are not limited to:
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:
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:
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.
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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