Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 17.98 Billion | USD 31.78 Billion | 6.5% | 2024 |
FrequentlyAsked Questions
Bakery ingredients are the raw materials used to make baked goods like bread, cakes, pastries, cookies, and more. These ingredients can be categorized into basic and specialty ingredients, each playing a crucial role in texture, flavor, and appearance.
The global bakery ingredient market is expected to grow due to growing demand for convenience foods, increasing bakery product consumption, and innovation in functional ingredients.
According to a study, the global bakery ingredient market size was worth around USD 17.98 Billion in 2024 and is expected to reach USD 31.78 Billion by 2034.
The global bakery ingredient market is expected to grow at a CAGR of 6.5% during the forecast period.
Europe is expected to dominate the bakery ingredient market over the forecast period.
Leading players in the global bakery ingredient market include Kerry Group plc, Koninklijke DSM N.V., Associated British Foods plc, Archer Daniels Midland Company, Cargill, Dawn Food Products Inc., Lallemand, IFF, Corbion, British Bakels, AAK AB, among others.
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