HOME Top Market Reports Baking Ingredients Market by Type (Emulsifiers, Leavening Agents, Enzymes, Baking Powders & Mixes, Oil, Fats & Shortenings, Starch, Colors & Flavors), Application (Bread, Biscuits & Cookies, Cakes & Pastries, Rolls & Pies), and Region - Forecast to 2022

Baking Ingredients Market by Type (Emulsifiers, Leavening Agents, Enzymes, Baking Powders & Mixes, Oil, Fats & Shortenings, Starch, Colors & Flavors), Application (Bread, Biscuits & Cookies, Cakes & Pastries, Rolls & Pies), and Region - Forecast to 2022

By: marketsandmarkets.com
Publishing Date: April 2017
Report Code: FB 2932

 

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The baking ingredients market is estimated to be valued at USD 13.03 Billion in 2017. It is projected to grow at a CAGR of 5.4% from 2017 to 2022. The baking ingredients market is segmented on the basis of its types into emulsifiers, leavening agents, enzymes, baking powder & mixes, starch, oils, fats & shortenings, colors & flavors. By application, it is segmented into bread, biscuits & cookies, cakes & pastries, and rolls & pies. It is further segmented on the basis of region into North America, Europe, Asia-Pacific, and Rest of the World (RoW). With the increasing per capita consumption of baked goods in European as well as Asian economies, the demand for baking ingredients is expected to enhance the market growth in the near future.

The years considered for the study are as follows:

  • Base year: 2016
  • Estimated year: 2017
  • Projected year: 2022
  • Forecast period: 2017 to 2022

This report includes estimations of market sizes for value (USD million) and volume (KT). Both, top-down and bottom-up approaches have been used to estimate and validate the size of the global baking ingredients market and to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market share in respective regions has been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and were verified through primary sources. The figure below shows the breakdown of profiles of industry experts who participated in the primary discussions.

Baking Ingredients Market

To know about the assumptions considered for the study, download the pdf brochure

Upstream players offering baking ingredients to other manufacturers involved in the baking industry to develop innovative baked products have been included in this report. AAK AB (U.K.) and Cargill (U.S.) are the upstream players profiled in the report. The downstream players involved in direct distribution to retail channels and customers include Taura Natural Ingredients (New Zealand), Dawn Food Products, Inc. (U.S.), Associated British Foods (U.K.), and Kerry Group plc (Ireland).

Target Audience:

  • Baking ingredient manufacturers
  • Other food ingredient manufacturers
  • Bakery associations and industry bodies
  • Raw material distributors and suppliers
  • Government and research organizations
  • Legislative and regulatory bodies
  • Food commodity exporters

This report provides both, qualitative and quantitative analyses of the baking ingredients market, the competitive landscape, and the preferred development strategies of key players. The key players preferred new product development & launches and acquisitions as strategies to gain a larger share in the market. The report also analyzes the market dynamics and market share of leading players.

“The study answers several questions for stakeholders, primarily which market segments to focus on in next two to five years for prioritizing efforts and investments.”

Scope of the Report

On the basis of Type, the market is segmented as follows:

  • Emulsifiers
  • Leavening agents
  • Enzymes
  • Baking powder & mixes
  • Oils, fats & shortenings
  • Starch
  • Colors & flavors
  • Others

On the basis of Application, the market is segmented as follows:

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

On the basis of Region, the market is segmented as follows:

  • North America
  • Europe
  • Asia-Pacific
  • RoW

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players (Up to five)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Units
    1.7 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries: By Company Type, Designation, and Region
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Demand-Side Analysis
                    2.2.2.1 Developing Economies
                    2.2.2.2 Growing Middle Income Population
                    2.2.2.3 Flexibility in Bread Consumption Patterns in Leading European Countries
                    2.2.2.4 Increasing Per Capita Income
           2.2.3 Supply-Side Analysis
                    2.2.3.1 Availability of Raw Material
    2.3 Market Size Estimation
    2.4 Market Breakdown & Data Triangulation
    2.5 Research Assumptions & Limitations

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in Baking Ingredients Market
    4.2 Baking Ingredients Market, By Application
    4.3 Asia-Pacific Baking Ingredients Market, By Country and Application
    4.4 Baking Ingredients Market Growth, By Country
    4.5 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Value Chain Analysis
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Changing Consumer Lifestyles Increase the Demand for Convenience Foods
                    5.3.1.2 Rising Demand for Low Trans-Fat and Gluten-Free Products
           5.3.2 Restraints
                    5.3.2.1 Stringent Regulations and International Quality Standards
                    5.3.2.2 Health Issues Due to Excess Consumption of Trans Fatty Acids
           5.3.3 Opportunities
                    5.3.3.1 Emerging Functions of Baking Ingredients
                    5.3.3.2 Alternative for Emulsifiers to Reduce Production Cost
                    5.3.3.3 Growth of Frozen Bakery Products Market
           5.3.4 Challenges
                    5.3.4.1 Growing Substitution of Baked Products With Cereals

6 Baking Ingredients Market, By Type (Page No. - 42)
    6.1 Introduction
    6.2 Emulsifiers
    6.3 Leavening Agents
    6.4 Enzymes
    6.5 Baking Powder & Mixes
    6.6 Oils, Fats, and Shortenings
    6.7 Colors & Flavors
    6.8 Starch
    6.9 Others

7 Baking Ingredients Market, By Application (Page No. - 54)
    7.1 Introduction
    7.2 Bread
    7.3 Cookies & Biscuits
    7.4 Rolls & Pies
    7.5 Cakes & Pastries
    7.6 Others

8 Brand Overview (Page No. - 60)
    8.1 Introduction
    8.2 Beakin
    8.3 Powerbake
    8.4 Clear Valley
    8.5 Hysoc
    8.6 Resistamyl

9 Baking Ingredients Market, By Region (Page No. - 62)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 U.K.
           9.3.2 France
           9.3.3 Germany
           9.3.4 Italy
           9.3.5 Spain
           9.3.6 Russia
           9.3.7 Rest of Europe
    9.4 Asia Pacific
           9.4.1 China
           9.4.2 Japan
           9.4.3 Australia
           9.4.4 India
           9.4.5 South Korea
           9.4.6 Vietnam
           9.4.7 Rest of Asia Pacific
    9.5 Rest of World (RoW)
           9.5.1 Brazil
           9.5.2 Argentina
           9.5.3 Chile
           9.5.4 Africa
           9.5.5 Middle East

10 Competitive Landscape (Page No. - 97)
     10.1 Introduction
             10.1.1 Vanguards
             10.1.2 Dynamic
             10.1.3 Innovators
             10.1.4 Emerging
     10.2 Competitive Benchmarking
             10.2.1 Product Offerings (For All 25 Companies)
             10.2.2 Business Strategy (For All 25 Companies)

*Top 25 Companies Analyzed for This Study are - Archer Daniels Midland Company; Cargill; Barry Callebaut; Tate & Lyle PLC ; AAK AB; Masson Group Company Limited; Kerry Group PLC; Associated British Foods PLC; Koninklijke DSM N.V.; Novoyzmes; Puratos Nv; Allied Mills; Pak Group; Nutrex.Be; Iffco Ingredients; Lesaffre; Equichem International, Inc.; Lallemand Inc. ; E. I. Du Pont De Nemours and Company; British Bakels; Corbion; Dawn Food Products, Inc.; Taura Natural Ingredients Ltd; Muntons PLC; Roquette.

11 Company Profiles (Page No. - 102)
     11.1 Introduction
(Overview, Products and Services, Financials, Strategy & Development)*
     11.2 Cargill
     11.3 Associated British Foods PLC
     11.4 Koninklijke DSM N.V.
     11.5 Kerry Group PLC
     11.6 AAK AB
     11.7 Tate & Lyle
     11.8 Lallemand, Inc.
     11.9 Lesaffre
     11.10 Archer Daniels Midland Company
     11.11 E. I. Du Pont De Nemours and Company
     11.12 Taura Natural Ingredients Limited
     11.13 Dawn Food Products, Inc.
     11.14 Muntons PLC
     11.15 Corbion
     11.16 British Bakels

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 162)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Company Developments
             12.4.1 Acquisitions & Mergers
             12.4.2 New Product Launches/Developments
             12.4.3 Agreements& Joint Ventures
             12.4.4 Expansions & Investments
     12.5 Introducing RT: Real-Time Intelligence
     12.6 Available Customizations
     12.7 Related Reports
     12.8 Author Details


List of Tables (69 Tables)

Table 1 Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 2 Baking Ingredients Market Size, By Type, 2015-2022 (KT)
Table 3 Emulsifiers Market Size, By Region, 2015-2022 (USD Million)
Table 4 Emulsifiers Market Size, By Region, 2015-2022 (KT)
Table 5 Leavening Agents Market Size, By Region, 2015-2022 (USD Million)
Table 6 Leavening Agents Market Size, By Region, 2015-2022 (KT)
Table 7 Enzymes Market Size, By Region, 2015-2022 (USD Million)
Table 8 Enzymes Market Size, By Region, 2015-2022 (KT)
Table 9 Baking Powder & Mixes Market Size, By Region, 2015-2022 (USD Million)
Table 10 Baking Powder & Mixes Market Size, By Region, 2015-2022 (KT)
Table 11 Oils, Fats, and Shortenings Market Size, By Region, 2015-2022 (USD Million)
Table 12 Oils, Fats, and Shortenings Market Size, By Region, 2015-2022 (KT)
Table 13 Colors & Flavors Market Size, By Region, 2015-2022 (USD Million)
Table 14 Colors & Flavors Market Size, By Region, 2015-2022 (KT)
Table 15 Starch Market Size, By Region, 2015-2022 (USD Million)
Table 16 Starch Market Size, By Region, 2015-2022 (KT)
Table 17 Other Baking Ingredients Market Size, By Region, 2015-2022 (USD Million)
Table 18 Other Baking Ingredients Market Size, By Region, 2015-2022 (KT)
Table 19 Baking Ingredients Market Size, By Application, 2015-2022 (USD Million)
Table 20 Breads Market Size, By Region, 2015-2022 (USD Million)
Table 21 Cookies & Biscuits: Baking Ingredients Market Size, By Region, 2015-2022 (USD Million)
Table 22 Rolls & Pies Market Size, By Region, 2015-2022 (USD Million)
Table 23 Cakes & Pastries Market Size, By Region, 2015-2022 (USD Million)
Table 24 Other Applications Market Size, By Region, 2015-2022 (USD Million)
Table 25 Brand By, Type
Table 26 Baking Ingredients Market Size, By Region, 2015-2022 (USD Million)
Table 27 Baking Ingredients Market, 2015-2022 (KT)
Table 28 North America: Baking Ingredients Market Size, By Country, 2015-2022 (USD Million)
Table 29 North America: Baking Ingredients Market Size, By Country, 2015-2022 (KT)
Table 30 North America: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 31 North America: Baking Ingredients Market Size, By Type, 2015-2022 (KT)
Table 32 North America: Baking Ingredients Market Size, By Application, 2015-2022 (USD Million)
Table 33 U.S.: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 34 Canada: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 35 Mexico: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 36 Europe: Baking Ingredients Market Size, By Country, 2015-2022 (USD Million)
Table 37 Europe: Baking Ingredients Market Size, By Country, 2015-2022 (KT)
Table 38 Europe: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 39 Europe: Baking Ingredients Market Size, By Type, 2015-2022 (KT)
Table 40 Europe: Baking Ingredients Market Size, By Application, 2015-2022 (USD Million)
Table 41 U.K.: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 42 France: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 43 Germany: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 44 Italy: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 45 Spain: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 46 Russia: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 47 Rest of Europe: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 48 Asia-Pacific: Baking Ingredients Market Size, By Country, 2015-2022 (USD Million)
Table 49 Asia-Pacific: Baking Ingredients Market Size, By Country, 2015-2022 (KT)
Table 50 Asia-Pacific: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 51 Asia-Pacific: Baking Ingredients Market Size, By Type, 2015-2022 (KT)
Table 52 Asia-Pacific: Baking Ingredients Market Size, By Application, 2015-2022 (USD Million)
Table 53 China: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 54 Japan: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 55 Australia: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 56 India: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 57 South Korea: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 58 Vietnam: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 59 Rest of Asia-Pacific: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 60 RoW: Baking Ingredients Market Size, By Region, 2015-2022 (USD Million)
Table 61 RoW: Baking Ingredients Market Size, By Region, 2015-2022 (KT)
Table 62 RoW: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 63 RoW: Baking Ingredients Market Size, By Type, 2015-2022 (KT)
Table 64 RoW: Baking Ingredients Market Size, By Application, 2015-2022 (USD Million)
Table 65 Brazil: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 66 Argentina: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 67 Chile: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 68 Africa: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 69 Middle East: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)


List of Figures (69 Figures)

Figure 1 Baking Ingredients Market Segmentation
Figure 2 Baking Ingredients Market: Research Design
Figure 3 Middle-Class Population in Asia-Pacific is Projected to Grow & Account for the Largest Share in the Global Market By 2030
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Assumptions of the Research Study
Figure 8 Limitations of the Research Study
Figure 9 Baking Ingredients Market Snapshot (2017 vs 2022): Enzymes Segment is Projected to Grow Rapidly During Forecast Period
Figure 10 Baking Ingredients Market Share (Value), By Region, 2016
Figure 11 Baking Ingredients Market Size, By Application (2017 vs 2022)
Figure 12 Emerging Markets With Promising Growth Potential, (2017 vs 2022)
Figure 13 Europe: Bread Segment Estimated for the Largest Market Share 2017-2022
Figure 14 Bread Segment Accounted for Largest Share in the Asia-Pacific Market in 2016
Figure 15 China to Grow at Highest CAGR in Baking Ingredients Market From 2017 to 2022
Figure 16 Baking Ingredients Market is Projected to Experience Strong Growth in the Asia-Pacific Region
Figure 17 Value Chain Analysis: Major Value is Added During Manufacturing
Figure 18 Increasing Demand for Convenience Foods Drives the Demand for Baking Ingredients
Figure 19 Baking Ingredients Market Size, By Type, 2017 vs 2022 (USD Million)
Figure 20 Baking Ingredients Market Size, By Application, 2017 vs 2022 (USD Million)
Figure 21 Baking Ingredients Market, 2017-2022
Figure 22 North America Baking Ingredients Market
Figure 23 Europe Baking Ingredients Market
Figure 24 Asia-Pacific Baking Ingredients Market
Figure 25 RoW: Baking Ingredients Market Size, By Region, 2015-2022 (USD Million)
Figure 26 Baking Ingredients Market: Dive Vendor Comparison
Figure 27 Baking Ingredients Market: Product Offerings
Figure 28 Baking Ingredients: Business Strategy
Figure 29 Dive Vendor Comparison: Criteria Weightage
Figure 30 Cargill: Company Snapshot
Figure 31 Cargill: Product Offering Scorecard
Figure 32 Cargill: Business Strategy Scorecard
Figure 33 Associated British Foods PLC: Company Snapshot
Figure 34 Associated British Foods PLC: Product Offering Scorecard
Figure 35 Associated British Foods PLC: Business Strategy Scorecard
Figure 36 Koninklijke DSM N.V.: Company Snapshot
Figure 37 Koninklijke DSM N.V: Product Offering Scorecard
Figure 38 Koninklijke DSM N.V: Business Strategy Scorecard
Figure 39 Kerry Group PLC: Company Snapshot
Figure 40 Kerry Group PLC: Product Offering Scorecard
Figure 41 Kerry Group PLC: Business Strategy Scorecard
Figure 42 AAK AB: Company Snapshot
Figure 43 AAK AB: Product Offering Scorecard
Figure 44 AAK AB: Business Strategy Scorecard
Figure 45 Tate & Lyle: Company Snapshot
Figure 46 Tate & Lyle: Product Offering Scorecard
Figure 47 Tate & Lyle: Business Strategy Scorecard
Figure 48 Lallemand Inc.: Product Offering Scorecard
Figure 49 Lallemand Inc.: Business Strategy Scorecard
Figure 50 Lesaffre: Product Offering Scorecard
Figure 51 Lesaffre: Business Strategy Scorecard
Figure 52 Archer Daniels Midland Company: Company Snapshot
Figure 53 Archer Daniels Midland Company: Product Offering Scorecard
Figure 54 Archer Daniels Midland Company: Business Strategy Scorecard
Figure 55 E.I. Du Pont Nemours and Company: Company Snapshot
Figure 56 E.I. Du Pont Nemours and Company: Product Offering Scorecard
Figure 57 E.I. Du Pont Nemours and Company: Business Strategy Scorecard
Figure 58 Taura Natural Ingredients Limited: Company Snapshot
Figure 59 Taura Natural Ingredients Limited: Product Offering Scorecard
Figure 60 Taura Natural Ingredients Limited: Business Strategy Scorecard
Figure 61 Dawn Food Products, Inc.: Product Offering Scorecard
Figure 62 Dawn Food Products, Inc.: Business Strategy Scorecard
Figure 63 Muntons PLC: Product Offering Scorecard
Figure 64 Muntons PLC: Business Strategy Scorecard
Figure 65 Corbion: Company Snapshot
Figure 66 Corbion: Product Offering Scorecard
Figure 67 Corbion: Business Strategy Scorecard
Figure 68 British Bakels: Product Offering Scorecard
Figure 69 British Bakels: Business Strategy Scorecard

The baking ingredients market is projected to grow at a CAGR of 5.4% from 2017 to reach a projected value of USD 16.91 Billion by 2022. Market growth is driven by growing customer demand for healthier foods, convenience foods, and functional baked goods. The market is also driven by factors such as demand for gluten-free foods and innovative product developments for improved baking ingredients such as modified starch, enzymes, emulsifiers, baking powders & mixes that can be cost-effective as well as used in a wide range of baked items.

Based on the types of ingredients used, the baking ingredients market is led by the baking powders & mixes segment, followed by the oils, fats & shortenings segment, in terms of value. In terms of volume, the market was led by the starch segment. Baking ingredients are used on a large scale in regions where there is high per capita consumption of bread and other baked goods.

Among the varied applications for baking ingredients, such as bread, biscuits & cookies, cakes & pastries, rolls & pies, bread accounted for the largest market share, followed by cookies & biscuits and cakes & pastries. Bread is widely consumed in European countries and is being incorporated in regular diets in most developing Asian and Latin American countries as well.

Europe accounted for the largest market share for baking ingredients, followed by North America and Asia-Pacific. Ingredients such as baking powder, baking mixes, leavening agents, and enzymes are among the most widely used ingredients in Europe; high per capita consumption of bread was one of the major factors driving the baking ingredients market in this region. The Asia-Pacific region is projected to be the fastest-growing market with investments from several multinational manufacturers, especially in countries such as China, India, and Japan.

Baking Ingredients Market

Adherence to international quality standards and government regulations for the usage and quantity of baking ingredients in food products poses a restraint for the baking ingredients market. Increasing awareness about the ill-effects of consumption of trans-fatty acids on health hinders the growth of the baking ingredients market.

The baking ingredients market is fragmented and competitive, with a large number of players operating at regional and local levels. The key players in the market adopted acquisitions & mergers, new product development, and expansion & investments as their preferred strategies. Prominent players such as Kerry Group plc (Ireland), Koninklijke DSM N.V. (the Netherlands), Corbion (the Netherlands), Associated British Foods (U.K.), and Cargill (U.S.) have been profiled in the report.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Available Customizations Title

Client Customization Problem Statement : Market forecasting for Baking Ingredients

Solution Provided:
Beyond the insights into report, MnM’s client was interested in for deep-dive information which was further segmented be....
Beyond the insights into report, MnM’s client was interested in for deep-dive information which was further segmented beyond the insights into report by type per application and per region. An exhaustive market estimation database was delivered.
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Client Consult Problem Statement : MnM’s client wanted to understand 3rd level market data for baking ingredients by type i.e. enzymes, emulsifiers, leavening agents, fats & shortenings, mold inhibitors, colors & flavors used in each baking application, namely, bread, biscuits & cookies, cakes & pastries, rolls & pies in terms of value & volume The client was looking for market information related the each baking ingredient types by value as well as volume for each geography listing major countries

Solution Provided:

1. Methodology Adopted by MnM :

The study involved extensive secondary research....

1. Methodology Adopted by MnM :

The study involved extensive secondary research for each type of baking ingredient. MnM analyzed current & forecast quantitative market information for the market sizing and forecasted the growth of the baking ingredients market. For understanding the aspect of each key application of baking ingredients in all the specified regions, data from was gathered from the various food & baking associations as well as magazines and company publications.

2. Actual Solution Provided:

   • Estimation of total baking ingredients market size and forecast (for 2013-2019) for baking ingredient type by application in terms of value and volume
   • Regional and Country-wise analysis on the basis of type and application for major countries
   • Forecast for each type and application in major countries
   • Analysis of baking applications in each country
   • Analyzing various macro and micro factors impacting market growth (CAGR)

Value Delivered:

After working through the detailed market analysis by MnM, the client successfully formulated its marketing strategies and gained in-depth knowledge about the various types of baking ingredients preferred in various geographies

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