Baking Ingredients Market by Type (Emulsifiers, Leavening Agents, Enzymes, Baking Powders & Mixes, Oil, Fats & Shortenings, Starch, Colors & Flavors, Preservatives, Fibers), Application (Bread and Sweet Bakery), and Region - Forecast to 2026
[269 Pages Report] The global baking ingredients market was estimated at USD 16.6 billion in 2021 and is projected to reach USD 22.3 billion by 2026, at a CAGR of 6.0% from 2021 to 2026. Flour, water, and leavening agents are the ingredients primarily responsible for the characteristic appearance, texture, and flavor of most bakery products. Oils, eggs, emulsifiers, colors, shortening, and sugar are effective in modifying these qualities and produce a good-quality product. There has been a spike in demand for baking ingredients, such as baking soda, baking powder, cocoa powder, and other condiments, as consumers stranded at home due to the Covid-19 lockdown have taken aggressively to baking. Baking ingredient manufacturing companies such as Cargill (US), Kerry Group Plc (Ireland), and many others and retailers have reported a significant increase in the sale of these products since the lockdown compared to the same period last year. With the recent influx of international cafe and bakery chains, on-the-go food has become increasingly popular.
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Growth in the frozen bakery products market will also boost the consumption of baking ingredients during the forecast period. The increase in acceptance of frozen bakery is due to factors such as convenience, speed of preparation, easy product availability, and low costs. The growth of the baking ingredients market is also supported by the increase in demand from coffee shops and small and large-scale food chains. Frozen bakery products are expected to gain potential demand in emerging countries such as India and China, owing to the rise in disposable income and purchasing power parity (PPP) of the growing population of these countries.
COVID-19 impact on the baking ingredients market
The novel coronavirus/COVID-19 pandemic has significantly impacted the whole food and beverages industry, among which the bakery industry was one. This pandemic has resulted in mass production shutdowns and supply chain disruptions, which have also affected the economy.
Due to the lockdown, during the start of 2020, the sales of non-edible products, such as disinfectants, toilet paper, paper goods, and hand sanitizers, were high in demand, and the sales of edible products, such as bakery, meat products, and many others were up to the mark, as the supply of bakery was insufficient as many of the bakers have shut operations due to the shortage of labors. The disruption in logistic facilities due to the lockdown had created more issues in the market, as consumers were not getting products as per their requirements, which ultimately affected the market. Another factor that had impacted the market is the lack of raw material availability, due to which production of products was not proper. Bakery ingredient manufacturers faced the same problems like supply chain disruptions, lack of labor, and insufficient raw materials. Due to these issues, smaller bakers in the unorganized segment were the worst affected. But, as time passed, the government started allowing the reopening of the shops. The demand for bakery products, especially bread and others, took a hike, as these are the essential products, which are used in the daily diet, majorly as breakfast and evening snacks. Therefore, the demand from the household sector for bakery products has increased. On the other hand, the food services sector has faced a decline in the market for bakery products that were considered to be one of the demanding products in the foodservice sector.
Global baking ingredients market dynamics
Drivers: Global rise in the consumption of bakery products and confectionery
Bakery products have been serving as basic food items for human nutrition for a long time. The demand for confectionery and bakery products is increasing with the rising demand for convenience food and consumer preference for attractive, tasty & textured delicacies. The easy accessibility, lower price, and nutrition associated with them are the major factors affecting their sustenance in the modern market. Hence, for many consumers, bakery products have become an essential part of their lives. This has bolstered the demand for various baking ingredients that are used to make bakery products, rich in taste and texture.
Restraints: Stringent regulations and international quality standards
Baking ingredients are a mixture of various compounds and are subjected to rigorous health and safety checks based on governmental regulations in different countries. Various studies have been conducted by regulatory bodies to assess the impact of these products on human health. Based on their results, products are classified, and the daily intake allowance (DIA) has been set. International bodies such as the National Food Safety and Quality Service (SENASA), Canadian Food Inspection Agency (CFIA), U.S. Food and Drug Administration (FDA), World Health Organization (WHO), and Committee on the Environment, Public Health and Food Safety (EU) are associated with food safety regulations. These organizations have control over the usage of different chemicals and materials used in food processing, directly or indirectly.
Opportunities: Growing trend of veganism and vegetarianism among consumers
Consumers are becoming sensitive to factors, such as health, sustainability, and social impact while making purchase decisions. The consumption of animal-based foods has raised environmental concerns. Also, some consumers have an ethical objection to using animals in food products. Consumers are encouraged to shift to veganism and vegetarianism due to factors such as animal welfare, environment, and personal health. According to the Good Food Institute, the US retail sales of plant-based foods have increased by 17%, accounting for nearly USD 3.7 billion. The largest market for plant-based foods includes plant-based milk and plant-based meat. The market for plant-based bakery products, such as vegan cake, muffins, bread, buns, is growing, which might increase the demand for vegan baking ingredients.
Challenges: Increase in awareness about health & wellness impacting the consumption of bakery products
Due to the increase in instances of health issues among consumers, the need for finding alternatives in food products that have lower fat and sodium content has increased. Salt and sugar reduction has become one of the key challenges in the food industry. Biospringer (France), a company dealing in the production of leavening agents for the bakery industry, states that nearly 33% of the consumers in the world have “low salt” as one of the primary criteria when making purchasing patterns. The increase in cases of diabetes and obesity in the population has also become one of the major factors that influence the purchase decisions of products. According to a report published by the World Health Organization (WHO), over 422 million people worldwide have diabetes, particularly in low and middle-income countries. Due to these factors, the demand for bakery products, which are rich in fats and sugar, might reduce significantly. This will definitely cause an impact on the demand for various baking ingredients required in the manufacturing of these items.
Market Ecosystem
The baking powder and mixes segment of the baking ingredients market is projected to account for the largest share, by type
The baking powder and mixes hold the largest segment in the baking ingredients market. Baking powder is a dry chemical leavening agent—a mixture of a carbonate or bicarbonate and a weak acid. The base and acid are prevented from reacting prematurely by the inclusion of a buffer such as cornstarch. The baking powder is used to increase the volume and lighten the texture of baked goods. It releases bubbles in the wet mixture that expands. It works by releasing carbon dioxide gas into a batter or dough through an acid-base reaction, causing bubbles in the wet mixture to expand, thus leavening the mixture. Baking mixes are complex, ready-to-use mixtures of dry baking ingredients used to make bread, cakes, waffles, pizza dough, biscuits, and muffins. Ingredients in baking mixes may include flour, bread flour, baking powder, baking soda, yeast, sugar, and salt, depending upon the food type.
The market for bread in the baking ingredients market is projected to account for the largest share during the forecast period
Bread holds the largest share in the global market, by application. Bread is one of the oldest basic food products of human beings. Bread and bakery products are widely consumed as part of traditional diets and are an important source of dietary energy. Bread is also a source of carbohydrate, protein, and Vitamin B and E, and is increasingly consumed worldwide. However, this demand is for whole wheat products. The reason is that the population having healthy eating awareness minimalizes the carbohydrate, fat, and cholesterol income in their meals and maximizes the complex carbohydrates, dietary fibers, and vegetable protein income. A study for the European Commission in 2010 found that the European bread industry was 32 million tons in the EU 27 countries. There continues to be increased demand for greater varieties of bread than ever with increasing varieties of wholemeal bread, where oats and bran are becoming more popular in European countries. There is also a growing trend for increased production of sliced and wrapped bread in several countries across Europe, including Germany and France.
The use of dry bakery ingredients is the highest, by the form of baking ingredients, across the globe
The dry ingredients hold the largest share in the global market, by form. Dry ingredients are measured inaccurately because of the nature of several dry ingredients. To measure dry ingredients accurately, it is essential to use a set of measuring cups, specifically designed for dry ingredients. There are differences between dry measuring cups and liquid measuring cups. Dry measuring cups are made to be filled to the rim with a dry ingredient (flour) and then leveled. Liquid measuring cups are usually made with a pouring spout and graduated (with volume marks) for easy and precise measuring of liquids. The increased quality of supermarkets and commercial bakery products accompanied by several artisan bakeries in the Asian countries has led to the rise in the demand for both wet and dry baking ingredients.
Asia Pacific is the fastest-growing market during the forecast period in the baking ingredients market
Asia Pacific region is expected to grow at the fastest rate in the global market. The tides of the global baking industry are shifting as the North American and European markets are mature and new global regions are emerging with immense growth opportunities. The APAC region is expected to be a dynamic and fast-growing region for the bakery ingredients market in the coming few years. According to the Indian Bakers Federation (I.B.F), biscuits are the highest-selling product in India, followed by sliced bread, cupcakes, pastries, and brownies. Furthermore, more and more baked foods are finding their space on supermarket shelves across the region. This visibility is making these bakery products front-of-mind commodities for consumers in developing countries, such as Singapore, Hong Kong, South Korea, and India.
Key Market Players
Key participants in the baking ingredients market such as Cargill (U.S.), Archer Daniels Midland Company (U.S.), Associated British Foods plc (U.K.), Koninklijke DSM N.V. (The Netherlands), Kerry Group plc (Ireland), and AAK AB (Sweden). Other players include British Bakels (U.K.), Corbion (the Netherlands), IFF (US), and Dawn Food Products, Inc. (U.S.).
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Report Metric |
Details |
|
Market size available for years |
2019–2026 |
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Base year considered |
2020 |
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Forecast period |
2021–2026 |
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Forecast units |
Value (USD Million) and Volume (Thousand Units) |
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Segments covered |
By type, By application, By sweet bakery, by form |
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Geographies covered |
Asia Pacific, Europe, North America, RoW |
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Companies covered |
The major market players include Cargill (U.S.), Archer Daniels Midland Company (U.S.), Associated British Foods plc (U.K.), Koninklijke DSM N.V. (The Netherlands), Kerry Group plc (Ireland), and AAK AB (Sweden). |
The study categorizes the baking ingredients market based on type, applications, form component at the regional and global levels.
By Type
- Emulsifiers
- Enzymes
- Starch
- Fiber
- Oils, fats, and shortenings
- Baking powder and mixes
- Preservatives
- Colors & flavors
- Leavening agents
- Others
By application
- Bread
- Sweet Bakery
By form
- Dry
- LIquid
• By Region
- North America
- Europe
- Asia Pacific
- Row
Recent Developments
- In November 2019, Koninklijke DSM N.V. (Netherlands) launched two new solutions, BakeZyme Fresh XL and BakeZyme Master. Developed to address freshness challenges faced by bakers worldwide, these new maltogenic amylase solutions would enable the production of high-quality baked goods.
- In November 2020, the Taste & Nutrition subsidiary of Kerry Group Plc (Ireland) announced that it has reached an agreement to acquire the Canadian company Bio-K Plus International (Canada). This acquisition would expand Kerry’s portfolio of probiotics
- In January 2020, British Bakels (UK) launched vegan baking ingredients. As veganism powers into 2020, the expectation from consumers for quality vegan bakery options is expected to reach a fever pitch. Hence, Bakels have introduced vegan suitable indulgent fillings to their vegan range.
- In November 2020, The Taste & Nutrition subsidiary of Kerry announced that it has reached an agreement to acquire the Canadian company Bio-K Plus International. This acquisition would expand Kerry’s portfolio of probiotics.
Frequently Asked Questions (FAQ):
What is the current size of the global baking ingredients market?
The global baking ingredients market was valued at USD 15.78 billion in 2020 and is projected to reach USD 22.27 billion by 2022, at a CAGR of 6.0% from 2021 to 2026.
What are the growth opportunities in the baking ingredients market?
One of the biggest opportunities is the Growth of the frozen bakery products market Over the past couple of years, there has been a rise in demand for various types of frozen food products, which is attributable to various health benefits associated with these products. Frozen food products are packed with nutrients and have a longer shelf life. This has led to an increase in demand for various types of frozen food products, simultaneously creating growth opportunities for manufacturers in the global frozen bakery products market.
What are the major and new product launches in the baking ingredients market?
In November 2019, DSM launched new solutions, Bakezyme fresh xl and Bakezyme master. Developed to address freshness challenges faced by bakers worldwide, these new maltogenic amylase solutions would enable the production of high-quality baked goods.
What are some of the major regulatory challenges and restraints that the industry faces?
There are regulatory bodies that have laid down stringent regulations for the production, labeling, and marketing of various baking ingredients products. It is observed that there are no clear universal guidelines regarding the usage of individual ingredients in the end products. Regulations and guidelines vary from region to region. This has resulted in additional costs for production for manufacturing region-specific ingredients. For instance, the usage of colors in baking products is strictly regulated, and each country has its list of permitted colors. Hence, manufacturers have to produce colors according to the country’s specific rules and regulations. Such varied regulations can serve as a restraint for manufacturers.
Which region is projected to emerge as a global leader by 2026?
The market for baking ingredients in Asia Pacific is projected to witness the highest growth rate during the review period. This is attributed to the increasing demand for baked goods resulting from a changing consumer preference toward ready-to-eat and healthy & convenient foods. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 25)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 MARKET SEGMENTATION: BAKING INGREDIENTS MARKET
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 GEOGRAPHIC SCOPE
1.4 PERIODIZATION CONSIDERED
1.5 CURRENCY CONSIDERED
TABLE 1 USD EXCHANGE RATES CONSIDERED FOR THE STUDY, 2017–2020
1.6 UNITS CONSIDERED
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 30)
2.1 RESEARCH DATA
FIGURE 2 BAKING INGREDIENTS MARKET: RESEARCH DESIGN
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 Breakdown of primaries
2.1.2.3 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 TOP-DOWN
2.2.2 BOTTOM-UP
2.3 DATA TRIANGULATION
FIGURE 3 DATA TRIANGULATION METHODOLOGY
2.3.1 SUPPLY SIDE
2.3.2 DEMAND SIDE
2.4 RESEARCH ASSUMPTIONS
2.5 RESEARCH LIMITATIONS & ASSOCIATED RISKS
2.6 MARKET SCENARIOS CONSIDERED FOR THE IMPACT OF COVID-19
2.6.1 SCENARIO-BASED MODELLING
2.7 COVID-19 HEALTH ASSESSMENT
FIGURE 4 COVID-19: GLOBAL PROPAGATION
FIGURE 5 COVID-19 PROPAGATION: SELECT COUNTRIES
2.8 COVID-19 ECONOMIC ASSESSMENT
FIGURE 6 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020
2.8.1 COVID-19 ECONOMIC IMPACT: SCENARIO ASSESSMENT
FIGURE 7 CRITERIA IMPACTING GLOBAL ECONOMY
FIGURE 8 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY
3 EXECUTIVE SUMMARY (Page No. - 45)
TABLE 2 BAKING INGREDIENTS MARKET SNAPSHOT, 2021 VS. 2026
FIGURE 9 MARKET SIZE, BY TYPE, 2021 VS. 2026 (USD MILLION)
FIGURE 10 MARKET SIZE, BY APPLICATION, 2021 VS. 2026 (USD MILLION)
FIGURE 11 MARKET SHARE, BY REGION, 2021
4 PREMIUM INSIGHTS (Page No. - 50)
4.1 OPPORTUNITIES IN THE GLOBAL MARKET
FIGURE 12 GROWING DEMAND FOR NATURAL INGREDIENTS DUE TO INCREASING CONSUMER AWARENESS TO DRIVE THE GROWTH OF THE GLOBAL MARKET
4.2 BAKING INGREDIENTS MARKET, BY APPLICATION & REGION
FIGURE 13 EUROPE DOMINATED THE MARKET ACROSS ALL APPLICATIONS IN 2020
4.3 BAKING INGREDIENTS MARKET, BY FORM
FIGURE 14 THE DRY SEGMENT DOMINATED THE GLOBAL MARKET ACROSS ALL FORMS
4.4 EUROPE: BAKING INGREDIENTS MARKET, BY APPLICATION & COUNTRY, 2017
FIGURE 15 THE BREAD SEGMENT ACCOUNTED FOR THE LARGEST SHARE, BY APPLICATION, IN 2020, IN EUROPE
4.5 BAKING INGREDIENTS MARKET: KEY COUNTRY
FIGURE 16 INDIA TO BE THE FASTEST-GROWING COUNTRY IN THE GLOBAL MARKET BY 2026
5 MARKET OVERVIEW (Page No. - 53)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 17 INCREASED DEMAND FOR CONVENIENCE FOOD IS DRIVING THE GROWTH OF THE BAKING INGREDIENTS MARKET
5.2.1 DRIVERS
5.2.1.1 Global rise in the consumption of bakery products and confectionery
FIGURE 18 PER CAPITA CONSUMPTION OF BAKED PRODUCTS, 2020, (KG PER YEAR)
5.2.1.2 Fast-paced lifestyles of consumers and changing consumption patterns
5.2.2 RESTRAINTS
5.2.2.1 Stringent regulations and international quality standards
5.2.2.2 Health issues due to excess consumption of trans-fatty acids
5.2.3 OPPORTUNITIES
5.2.3.1 Growing trend of veganism and vegetarianism among consumers
FIGURE 19 RETAIL SALES OF PLANT-BASED FOOD PRODUCTS, 2019 (USD MILLION)
5.2.3.2 Emerging functions of baking ingredients
5.2.3.3 Growth of the frozen bakery products market
5.2.4 CHALLENGES
5.2.4.1 Increase in awareness about health & wellness impacting the consumption of bakery products
5.2.4.2 Intense competition and product rivalry due to similar products
5.3 VALUE CHAIN ANALYSIS
FIGURE 20 VALUE CHAIN ANALYSIS
5.4 TECHNOLOGY ANALYSIS
5.4.1 TRANSCENDENTAL EMULSIFICATION
5.4.2 DETECTING BREAD QUALITY WITH 3D X-RAY
5.4.3 SODIUM REDUCTION TECHNOLOGY
5.4.4 RECOMBINANT DNA TECHNOLOGY AND PROTEIN ENGINEERING INVOLVED IN THE PRODUCTION OF ENZYME
5.5 PATENT ANALYSIS
FIGURE 21 NUMBER OF PATENTS GRANTED FOR BAKING INGREDIENT PRODUCTS, 2015–2021
FIGURE 22 REGIONAL ANALYSIS OF PATENTS GRANTED IN THE GLOBAL MARKET, 2015–2021
TABLE 3 LIST OF A FEW PATENTS IN THE BAKING INGREDIENTS MARKET, 2020
5.6 ECOSYSTEM & MARKET MAP
FIGURE 23 MARKET ECOSYSTEM
FIGURE 24 MARKET MAP
5.6.1 UPSTREAM
5.6.2 DOWNSTREAM
5.6.2.1 Regulatory bodies
5.6.2.2 Ingredient and raw material providers
5.7 PORTER’S FIVE FORCES ANALYSIS
TABLE 4 BAKING INGREDIENTS MARKET: PORTER’S FIVE FORCES ANALYSIS
5.7.1 THREAT OF NEW ENTRANTS
5.7.2 THREAT OF SUBSTITUTES
5.7.3 BARGAINING POWER OF SUPPLIERS
5.7.4 BARGAINING POWER OF BUYERS
5.7.5 DEGREE OF COMPETITION
5.8 YC-YCC SHIFT
FIGURE 25 YC & YCC SHIFT FOR THE BAKING INGREDIENTS MARKET
5.9 CASE STUDIES
5.9.1 PRODUCTION OF FIBER-RICH BROWNIES FOR THE UK MARKET
TABLE 5 DEVELOPMENT OF REDUCED SUGAR SNACK FOR KIDS
5.9.2 ADDING PROBIOTICS AND NOVEL FLAVOR TO A NEW, HEALTHIER BAKERY CONCEPT WITH INSIGHTS FROM KERRY TRENDSPOTTER
TABLE 6 DEVELOPMENT OF TASTY AND HEALTHY BAKERY ITEM
5.1 TRADE ANALYSIS
5.10.1 EXPORT SCENARIO OF ENZYMES
FIGURE 26 ENZYMES EXPORTS, BY KEY COUNTRY, 2016–2019 (USD THOUSAND)
FIGURE 27 LEAVENING AGENTS EXPORTS, BY KEY COUNTRY, 2016–2019 (USD THOUSAND)
FIGURE 28 STARCHES EXPORTS, BY KEY COUNTRY, 2016–2019 (USD THOUSAND)
5.10.2 IMPORT SCENARIO OF ENZYMES
FIGURE 29 ENZYMES IMPORTS, BY KEY COUNTRY, 2016–2019 (USD THOUSAND)
FIGURE 30 LEAVENING AGENT IMPORTS, BY KEY COUNTRY, 2016–2019 (USD THOUSAND)
FIGURE 31 STARCHES IMPORTS, BY KEY COUNTRY, 2016–2019 (USD THOUSAND)
5.11 IMPACT OF COVID-19 ON MARKET DYNAMICS
5.12 REGULATORY FRAMEWORK
5.12.1 CANADA
5.12.2 EU
5.12.3 CHINA
6 BAKING INGREDIENTS MARKET, BY TYPE (Page No. - 74)
6.1 INTRODUCTION
FIGURE 32 BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2021 VS. 2026 (USD MILLION)
TABLE 7 MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 8 MARKET SIZE, BY TYPE, 2019–2026 (KT)
6.2 COVID-19 IMPACT ON BAKING INGREDIENTS BY TYPE (2018–2021)
6.2.1 OPTIMISTIC SCENARIO
TABLE 9 COVID-19 IMPACT ON BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2018–2021 (USD MILLION) (OPTIMISTIC SCENARIO)
6.2.2 REALISTIC SCENARIO
TABLE 10 COVID-19 IMPACT ON BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2018–2021 (USD MILLION) (REALISTIC SCENARIO)
6.2.3 PESSIMISTIC SCENARIO
TABLE 11 COVID-19 IMPACT ON BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2018–2021 (USD MILLION) (PESSIMISTIC SCENARIO)
6.3 EMULSIFIERS
6.3.1 EMULSIFIERS ARE USED IN BAKED GOODS TO IMPROVE INTERACTION BETWEEN IMMISCIBLE ELEMENTS
TABLE 12 EMULSIFIERS MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
TABLE 13 EMULSIFIERS MARKET SIZE, BY REGION, 2019–2026 (KT)
6.4 LEAVENING AGENTS
6.4.1 YEAST—THE MOST POPULAR LEAVENING AGENT—NOT ONLY RISES THE DOUGH OR BATTER BUT ALSO IMPARTS FLAVOR TO THE PRODUCT
TABLE 14 LEAVENING AGENTS MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
TABLE 15 LEAVENING AGENTS MARKET SIZE, BY REGION, 2019–2026 (KT)
6.5 ENZYMES
6.5.1 SERVING AS A CLEAN-LABEL CATALYST FOR SEVERAL REACTIONS IN BAKERY FORMULATIONS LED TO THE RISING DEMAND FOR ENZYMES
TABLE 16 ENZYMES MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
TABLE 17 ENZYMES MARKET SIZE, BY REGION, 2019–2026 (KT)
6.6 BAKING POWDER & MIXES
6.6.1 GROWING PREFERENCE FOR ORGANIC AND CLEAN-LABEL BAKED PRODUCTS TO CREATE LUCRATIVE GROWTH OPPORTUNITIES FOR BAKING MIX MANUFACTURERS
TABLE 18 BAKING POWDER & MIXES MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
TABLE 19 BAKING POWDER & MIXES MARKET SIZE, BY REGION, 2019–2026 (KT)
6.7 OILS, FATS, AND SHORTENINGS
6.7.1 FAT IS A POWERFUL TENDERIZER IN BAKING AND PLAYS AN IMPORTANT ROLE IN THE LEAVENING OF BAKED GOODS
TABLE 20 OILS, FATS AND SHORTENINGS MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
TABLE 21 OILS, FATS AND SHORTENINGS MARKET SIZE, BY REGION, 2019–2026 (KT)
6.8 COLORS & FLAVORS
6.8.1 COLORS & FLAVORS ADDED TO BAKED GOODS AFFECT CONSUMERS’ CHOICE TO PURCHASE AN ITEM
TABLE 22 COLORS & FLAVORS MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
TABLE 23 COLORS & FLAVORS MARKET SIZE, BY REGION, 2019–2026 (KT)
6.9 STARCH
6.9.1 STARCH ASSISTS WITH TEXTURE, VISCOSITY, GEL FORMATION, ADHESION, BINDING, AND MOISTURE RETENTION AND USED AS A FAT SUBSTITUTE
TABLE 24 STARCH MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
TABLE 25 STARCH MARKET SIZE, BY REGION, 2019–2026 (KT)
6.10 FIBER
6.10.1 FIBER INGREDIENTS CAN BE ADDED TO BAKED GOODS TO IMPROVE VOLUME WHILE REDUCING A PRODUCT’S CALORIE COUNT
TABLE 26 FIBER MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
TABLE 27 FIBER MARKET SIZE, BY REGION, 2019–2026 (KT)
6.11 PRESERVATIVE
6.11.1 DEMAND FOR BAKING PRESERVATIVES INCREASES WITH THE INCREASE IN THE PURCHASE OF RETAIL BAKERY PRODUCTS GLOBALLY
TABLE 28 PRESERVATIVE MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
TABLE 29 PRESERVATIVE MARKET SIZE, BY REGION, 2019–2026 (KT)
6.12 OTHER TYPES
TABLE 30 OTHER TYPES MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
TABLE 31 OTHER TYPES MARKET SIZE, BY REGION, 2019–2026 (KT)
7 BAKING INGREDIENTS MARKET, BY APPLICATION (Page No. - 92)
7.1 INTRODUCTION
FIGURE 33 BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2017 VS. 2022 (USD MILLION)
TABLE 32 BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 33 SWEET BAKERY MARKET SIZE, BY SUB-APPLICATION, 2019–2026 (USD MILLION)
7.2 COVID-19 IMPACT ON BAKING INGREDIENTS BY APPLICATION (2018–2021)
7.2.1 OPTIMISTIC SCENARIO
TABLE 34 COVID-19 IMPACT ON BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) (OPTIMISTIC SCENARIO)
7.2.2 REALISTIC SCENARIO
TABLE 35 COVID-19 IMPACT ON BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) (REALISTIC SCENARIO)
7.2.3 PESSIMISTIC SCENARIO
TABLE 36 COVID-19 IMPACT ON BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) (PESSIMISTIC SCENARIO)
7.3 BREAD
7.3.1 BREAD VARIETIES PLAY A CRUCIAL ROLE IN IMPROVING NUTRITION AND OBTAINING FOOD SECURITY
TABLE 37 BREAD MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
7.4 SWEET BAKERY
TABLE 38 SWEET BAKERY MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
7.4.1 CAKES
7.4.1.1 Competition among brands, convenience, and health attributes have significantly impacted the consumption of cakes
TABLE 39 CAKES MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
7.4.2 PASTRIES
7.4.2.1 The increasing demand for pastries is due to the use of convenience foods with high indulgence
TABLE 40 PASTRIES MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
7.4.3 DONUT
7.4.3.1 The increased snacking and demand for indulgence products is driving donut sales globally
TABLE 41 DONUTS MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
7.5 OTHER APPLICATIONS
TABLE 42 OTHER APPLICATIONS MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
8 BAKING INGREDIENTS MARKET, BY FORM (Page No. - 101)
8.1 INTRODUCTION
FIGURE 34 BAKING INGREDIENTS MARKET SIZE, BY FORM, 2021 VS. 2026 (USD MILLION)
8.2 COVID-19 IMPACT ON BAKING INGREDIENTS BY APPLICATION (2018–2021)
8.2.1 OPTIMISTIC SCENARIO
TABLE 43 COVID-19 IMPACT ON THE GLOBAL MARKET SIZE, BY FORM, 2018–2021 (USD MILLION) (OPTIMISTIC SCENARIO)
8.2.2 REALISTIC SCENARIO
TABLE 44 COVID-19 IMPACT ON THE GLOBAL MARKET SIZE, BY FORM, 2018–2021 (USD MILLION) (REALISTIC SCENARIO)
8.2.3 PESSIMISTIC SCENARIO
TABLE 45 COVID-19 IMPACT ON THE GLOBAL MARKET SIZE, BY FORM, 2018–2021 (USD MILLION) (PESSIMISTIC SCENARIO)
TABLE 46 BAKING INGREDIENTS MARKET SIZE, BY FORM, 2019–2026 (USD MILLION)
8.3 DRY
8.3.1 APPROPRIATE AMOUNT OF DRY INGREDIENTS – A NEED FOR PERFECT BAKING
TABLE 47 DRY BAKING INGREDIENTS MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
8.4 LIQUID
8.4.1 LIQUID INGREDIENTS ARE USED AS A BINDER FOR DRY INGREDIENTS TO PREPARE A DOUGH
TABLE 48 LIQUID BAKING INGREDIENTS MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
9 BAKING INGREDIENTS IN MARKET, BY REGION (Page No. - 106)
9.1 INTRODUCTION
FIGURE 35 BAKING INGREDIENTS MARKET, 2019-2026
TABLE 49 MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
9.2 COVID-19 IMPACT ON BAKING INGREDIENTS MARKET, BY REGION (2018-2021)
9.2.1 OPTIMISTIC SCENARIO
TABLE 50 COVID-19 IMPACT ON THE BAKING INGREDIENTS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) (OPTIMISTIC SCENARIO)
9.2.2 PESSIMISTIC SCENARIO
TABLE 51 COVID-19 IMPACT ON THE BAKING INGREDIENTS MARKET SIZE, BY REGION, 2020–2023 (USD MILLION) (PESSIMISTIC SCENARIO)
9.2.3 REALISTIC SCENARIO
TABLE 52 COVID-19 IMPACT ON THE BAKING INGREDIENTS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) (REALISTIC SCENARIO)
9.3 NORTH AMERICA
FIGURE 36 US TO DOMINATE THE NORTH AMERICAN BAKING INGREDIENTS MARKET DURING THE FORECAST PERIOD
TABLE 53 NORTH AMERICA: BAKING INGREDIENTS MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 54 NORTH AMERICA: MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 55 NORTH AMERICA: MARKET SIZE, BY TYPE, 2019–2026 (KT)
TABLE 56 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 57 NORTH AMERICA: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
TABLE 58 NORTH AMERICA: MARKET SIZE, BY FORM, 2019–2026 (USD MILLION)
9.3.1 UNITED STATES
9.3.1.1 Presence of a large number of restaurants serving baked goods driving the market for baking ingredients
TABLE 59 UNITED STATES: MARKET SIZE FOR BAKING INGREDIENTS, BY TYPE, 2019–2026 (USD MILLION)
TABLE 60 UNITED STATES: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 61 UNITED STATES: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
9.3.2 CANADA
9.3.2.1 Increase in preference for high-value bakery products propelling the demand for various baking ingredients
TABLE 62 CANADA: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 63 CANADA: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 64 CANADA: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
9.3.3 MEXICO
9.3.3.1 The demand for convenience food in the region has propelled the consumption of bakery products
TABLE 65 MEXICO: MARKET SIZE FOR BAKING INGREDIENTS, BY TYPE, 2019–2026 (USD MILLION)
TABLE 66 MEXICO: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 67 MEXICO: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
9.4 EUROPE
FIGURE 37 EUROPE: BAKING INGREDIENTS MARKET
TABLE 68 EUROPE: BAKING INGREDIENTS MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 69 EUROPE: MARKET SIZE FOR BAKING INGREDIENTS, BY TYPE, 2019–2026 (USD MILLION)
TABLE 70 EUROPE: MARKET SIZE, BY TYPE, 2019–2026 (KT)
TABLE 71 EUROPE: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 72 EUROPE: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
TABLE 73 EUROPE: MARKET SIZE, BY FORM, 2019–2026 (USD MILLION)
9.4.1 UNITED KINGDOM
9.4.1.1 Consumption of bread as a staple food drives the market for baking ingredients
TABLE 74 UNITED KINGDOM: MARKET SIZE FOR BAKING INGREDIENTS, BY TYPE, 2019–2026 (USD MILLION)
TABLE 75 UNITED KINGDOM: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 76 UNITED KINGDOM: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
9.4.2 FRANCE
9.4.2.1 Easy availability of baked goods in various retail stores leads to higher consumption of baked goods
TABLE 77 FRANCE: MARKET SIZE FOR BAKING INGREDIENTS, BY TYPE, 2019–2026 (USD MILLION)
TABLE 78 FRANCE: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 79 FRANCE: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
9.4.3 GERMANY
9.4.3.1 Rise in the number of health-conscious people to drive the demand for low-calorie and free-from baked goods
TABLE 80 GERMANY: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 81 GERMANY: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 82 GERMANY: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
9.4.4 ITALY
9.4.4.1 Increased consumption of bakery products to drive imports and production of baked goods
TABLE 83 ITALY: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 84 ITALY: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 85 ITALY: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
9.4.5 SPAIN
9.4.5.1 Demand for healthier bakery products would lead to the introduction of more natural baking ingredients in Spain
TABLE 86 SPAIN: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 87 SPAIN: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 88 SPAIN: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
9.4.6 RUSSIA
9.4.6.1 Presence of a strong food processing sector in Russia generating consistent demand for baking ingredients
TABLE 89 RUSSIA: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 90 RUSSIA: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 91 RUSSIA: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
9.4.7 REST OF EUROPE
TABLE 92 REST OF EUROPE: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 93 REST OF EUROPE: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 94 REST OF EUROPE: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
9.5 ASIA PACIFIC
TABLE 95 ASIA PACIFIC: BAKING INGREDIENTS MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 96 ASIA PACIFIC: MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 97 ASIA PACIFIC: MARKET SIZE, BY TYPE, 2019–2026 (KT)
TABLE 98 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 99 ASIA PACIFIC: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
TABLE 100 ASIA PACIFIC: MARKET SIZE, BY FORM, 2019–2026 (USD MILLION)
9.5.1 CHINA
9.5.1.1 Rising sale of cakes through various retail channels to drive the demand for baking ingredients
TABLE 101 CHINA: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 102 CHINA: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 103 CHINA: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
9.5.2 JAPAN
9.5.2.1 Decreasing consumption of rice increasing the demand for baked goods
TABLE 104 JAPAN : BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 105 JAPAN: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 106 JAPAN: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
9.5.3 AUSTRALIA
9.5.3.1 Consumption of different varieties of bread to drive the availability of baking ingredients
TABLE 107 AUSTRALIA : BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 108 AUSTRALIA: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 109 AUSTRALIA: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
9.5.4 INDIA
9.5.4.1 Growing demand for specialty flour to produce bakery and confectionery products
TABLE 110 INDIA : BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 111 INDIA: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 112 INDIA: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
9.5.5 KOREA
9.5.5.1 Growing demand for bakery mixes and dough to drive the baking ingredients market in the region
TABLE 113 KOREA: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 114 KOREA: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 115 KOREA: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
9.5.6 VIETNAM
9.5.6.1 Increasing expansion of bakery outlets to surge the demand for various baking ingredients
TABLE 116 VIETNAM : BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 117 VIETNAM: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 118 VIETNAM: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
9.5.7 NEW ZEALAND
9.5.7.1 Growing demand for frozen bakery products to drive market growth in New Zealand
TABLE 119 NEW ZEALAND : BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 120 NEW ZEALAND: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 121 NEW ZEALAND: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
9.5.8 REST OF ASIA PACIFIC
TABLE 122 REST OF ASIA PACIFIC : BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 123 REST OF ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 124 REST OF ASIA PACIFIC: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
9.6 REST OF THE WORLD
TABLE 125 REST OF THE WORLD: BAKING INGREDIENTS MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 126 REST OF THE WORLD: MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 127 REST OF THE WORLD: MARKET SIZE, BY TYPE, 2019–2026 (KT)
TABLE 128 REST OF THE WORLD: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 129 REST OF THE WORLD: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
TABLE 130 REST OF THE WORLD: MARKET SIZE, BY FORM, 2019–2026 (USD MILLION)
9.6.1 BRAZIL
9.6.1.1 Rising consumption of artisanal bakery products to surge the demand for high-quality baking ingredients
TABLE 131 BRAZIL: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 132 BRAZIL: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 133 BRAZIL: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
9.6.2 ARGENTINA
9.6.2.1 Gradual increase in the purchasing power of Argentinians to increase the consumption of convenience food
TABLE 134 ARGENTINA: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 135 ARGENTINA: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 136 ARGENTINA: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
9.6.3 CHILE
9.6.3.1 Increased wheat production for more bread consumption creating demand for other baking ingredients
TABLE 137 CHILE: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 138 CHILE: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 139 CHILE: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
9.6.4 AFRICA
9.6.4.1 Growing consumption of a wide variety of bread
TABLE 140 AFRICA: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 141 AFRICA: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 142 AFRICA: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
9.6.5 MIDDLE EAST
9.6.5.1 Transition of consumers from supermarket bakeries to specialized bakers to drive demand for special baking ingredients
TABLE 143 MIDDLE EAST: BAKING INGREDIENTS MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 144 MIDDLE EAST: MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 145 MIDDLE EAST: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 146 MIDDLE EAST: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
9.6.6 UNITED ARAB EMIRATES
9.6.6.1 Increasing availability of bakery products from grocery retailers to surge the consumption of baked goods
TABLE 147 UAE: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 148 UAE: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 149 UAE: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
9.6.7 SAUDI ARABIA
9.6.7.1 Rise in the sale of baked goods through online channels to drive market growth in the region
TABLE 150 SAUDI ARABIA: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 151 SAUDI ARABIA: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 152 SAUDI ARABIA: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
9.6.8 REST OF MIDDLE EAST
TABLE 153 REST OF MIDDLE EAST: MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 154 REST OF MIDDLE EAST: MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 155 REST OF MIDDLE EAST: MARKET SIZE, BY SWEET BAKERY, 2019–2026 (USD MILLION)
10 COMPETITIVE LANDSCAPE (Page No. - 174)
10.1 OVERVIEW
10.2 REVENUE ANALYSIS OF BUSINESS SEGMENTS, 2019
FIGURE 38 REVENUE ANALYSIS OF KEY PLAYERS IN THE BAKING INGREDIENTS MARKET, 2017-2019 (USD MILLION)
10.3 COMPANY EVALUATION MATRIX: DEFINITION & METHODOLOGY
10.3.1 STARS
10.3.2 EMERGING LEADERS
10.3.3 PERVASIVE PLAYERS
10.3.4 PARTICIPANTS
FIGURE 39 BAKING INGREDIENTS MARKET: COMPANY EVALUATION QUADRANT, 2020 (OVERALL MARKET)
10.4 PRODUCT FOOTPRINT
TABLE 156 BAKING INGREDIENTS MARKET: COMPANY TYPE FOOTPRINT
TABLE 157 BAKERY INGREDIENTS MARKET: REGIONAL FOOTPRINT
TABLE 158 BAKERY INGREDIENTS MARKET: PRODUCT FOOTPRINT (OVERALL)
10.5 COMPANY EVALUATION MATRIX: DEFINITION & METHODOLOGY (FOR START-UPS/SME’S)
10.5.1 PROGRESSIVE COMPANIES
10.5.2 STARTING BLOCKS
10.5.3 RESPONSIVE COMPANIES
10.5.4 DYNAMIC COMPANIES
FIGURE 40 BAKING INGREDIENTS MARKET: COMPANY EVALUATION QUADRANT FOR START-UPS/SME’S, 2020
10.6 KEY PLAYER STRATEGIES
TABLE 159 OVERVIEW OF STRATEGIES DEPLOYED BY BAKING INGREDIENTS COMPANIES
10.7 COMPETITIVE SCENARIO
10.7.1 NEW PRODUCT LAUNCHES
TABLE 160 BAKING INGREDIENTS : PRODUCT LAUNCHES, 2018- 2021
10.7.2 DEALS
TABLE 161 BAKING INGREDIENTS : DEALS, 2018-2021
11 COMPANY PROFILES (Page No. - 185)
11.1 KEY PLAYERS
(Business Overview, Products, Recent Developments, MnM View)*
11.1.1 ASSOCIATED BRITISH FOODS PLC
TABLE 162 ASSOCIATED BRITISH FOODS PLC: BUSINESS OVERVIEW
FIGURE 41 ASSOCIATED BRITISH FOODS PLC: COMPANY SNAPSHOT
TABLE 163 ASSOCIATED BRITISH FOODS PLC: DEALS
11.1.2 KONINKLIJKE DSM N.V.
TABLE 164 KONINKLIJKE DSM N.V.: BUSINESS OVERVIEW
FIGURE 42 KONINKLIJKE DSM N.V.: COMPANY SNAPSHOT
TABLE 165 KONINKLIJKE DSM N.V.: NEW PRODUCT LAUNCHES
11.1.3 LALLEMAND INC.
TABLE 166 LALLEMAND INC: BUSINESS OVERVIEW
TABLE 167 LALLEMAND INC: NEW PRODUCT LAUNCHES
TABLE 168 LALLEMAND INC: DEALS
TABLE 169 LALLEMAND INC: OTHERS
11.1.4 KERRY GROUP PLC
TABLE 170 KERRY GROUP PLC: BUSINESS OVERVIEW
FIGURE 43 KERRY GROUP PLC: COMPANY SNAPSHOT
TABLE 171 KERRY GROUP PLC: NEW PRODUCT LAUNCHES
TABLE 172 KERRY GROUP PLC: DEALS
TABLE 173 KERRY GROUP PLC: OTHERS
11.1.5 LESAFFRE
TABLE 174 LESAFFRE: BUSINESS OVERVIEW
TABLE 175 LESAFFRE: OTHERS
11.1.6 TATE & LYLE
TABLE 176 TATE & LYLE: BUSINESS OVERVIEW
FIGURE 44 TATE & LYLE: COMPANY SNAPSHOT
TABLE 177 TATE & LYLE: NEW PRODUCT LAUNCHES
TABLE 178 TATE & LYLE: DEALS
TABLE 179 TATE & LYLE: OTHERS
11.1.7 CARGILL
TABLE 180 CARGILL: BUSINESS OVERVIEW
FIGURE 45 CARGILL: COMPANY SNAPSHOT
TABLE 181 CARGILL: NEW PRODUCT LAUNCHES
TABLE 182 CARGILL: OTHERS
11.1.8 AAK AB
TABLE 183 AAK AB - BUSINESS OVERVIEW
FIGURE 46 AAK AB: COMPANY SNAPSHOT
TABLE 184 AAK AB: DEALS
TABLE 185 AAK AB: OTHERS
11.1.9 DUPONT
TABLE 186 DUPONT - BUSINESS OVERVIEW
FIGURE 47 DUPONT: COMPANY SNAPSHOT
11.1.10 BRITISH BAKELS
TABLE 187 BRITISH BAKELS – BUSINESS OVERVIEW
TABLE 188 BRITISH BAKELS: NEW PRODUCT LAUNCHES
11.1.11 ARCHER DANIELS MIDLAND COMPANY
TABLE 189 ARCHER DANIELS MIDLAND COMPANY - BUSINESS OVERVIEW
FIGURE 48 ARCHER DANIELS MIDLAND COMPANY: COMPANY SNAPSHOT
TABLE 190 ARCHER DANIELS MIDLAND COMPANY: OTHERS
11.1.12 CORBION
TABLE 191 CORBION - BUSINESS OVERVIEW
FIGURE 49 CORBION: COMPANY SNAPSHOT
TABLE 192 CORBION: NEW PRODUCT LAUNCHES
TABLE 193 CORBION: DEALS
11.1.13 DAWN FOODS PRODUCTS, INC.
TABLE 194 DAWN FOOD PRODUCTS, INC. - BUSINESS OVERVIEW
11.1.14 INTERNATIONAL FLAVORS AND FRAGRANCES INC.
TABLE 195 INTERNATIONAL FLAVORS & FRAGRANCES INC. - BUSINESS OVERVIEW
FIGURE 50 INTERNATIONAL FLAVORS AND FRAGRANCES INC.: COMPANY SNAPSHOT
TABLE 196 INTERNATIONAL FLAVORS AND FRAGRANCES INC.: OTHERS
11.1.15 IFFCO
TABLE 197 IFFCO - BUSINESS OVERVIEW
TABLE 198 IFFCO: OTHERS
*Details on Business Overview, Products, Recent Developments, MnM View might not be captured in case of unlisted companies.
11.2 OTHER PLAYERS
11.2.1 MILLBAKER SAS.
11.2.2 CARIF
11.2.3 PURATOS
11.2.4 RICH PRODUCT CORPORATION
11.2.5 IREKS GMBH
11.2.6 INGREDION
11.2.7 SWISS BAKE INGREDIENTS PVT. LTD
11.2.8 OYC AMERICAS
11.2.9 TASTETECH
11.2.10 SENSIENT TECHNOLOGIES CORPORATION
12 ADJACENT & RELATED MARKETS (Page No. - 239)
12.1 INTRODUCTION
12.2 LIMITATIONS
12.3 FOOD ADDITIVES MARKET
12.3.1 MARKET DEFINITION
12.3.2 MARKET OVERVIEW
FIGURE 51 FOOD ADDITIVES MARKET EXPECTED TO WITNESS A STEADY GROWTH DURING THE FORECAST PERIOD
12.3.3 FOOD ADDITIVES MARKET, BY APPLICATION
FIGURE 52 FOOD ADDITIVES MARKET SIZE, BY APPLICATION, 2014 (USD MILLION)
TABLE 199 FOOD ADDITIVES MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION)
12.3.4 BAKERY & CONFECTIONERY
12.3.5 BEVERAGES
TABLE 201 FOOD ADDITIVES IN BEVERAGES MARKET SIZE, BY REGION, 2013–2020 (USD MILLION)
12.3.6 CONVENIENCE FOOD
FIGURE 53 FOOD ADDITIVES IN CONVENIENCE FOODS MARKET SIZE, BY REGION, 2015 VS. 2020 (USD MILLION)
TABLE 202 FOOD ADDITIVES IN CONVENIENCE FOODS MARKET SIZE, BY REGION, 2013–2020 (USD MILLION)
12.3.7 DAIRY & FROZEN DESSERTS
FIGURE 54 FOOD ADDITIVES IN DAIRY & FROZEN DESSERTS MARKET SIZE, BY REGION, 2015 VS. 2020 (USD MILLION)
TABLE 203 FOOD ADDITIVES IN DAIRY & FROZEN PRODUCTS MARKET SIZE, BY REGION, 2013–2020 (USD MILLION)
12.3.8 SAUCES, DRESSINGS, SPICES & CONDIMENTS
TABLE 204 FOOD ADDITIVES IN SAUCES, DRESSINGS, SPICES & CONDIMENTS MARKET SIZE, BY REGION, 2013–2020 (USD MILLION)
12.3.9 OTHER APPLICATIONS
FIGURE 55 FOOD ADDITIVES IN OTHER APPLICATIONS MARKET SIZE, BY REGION, 2014
TABLE 205 FOOD ADDITIVES IN OTHER APPLICATIONS MARKET SIZE, BY REGION, 2013–2020 (USD MILLION)
12.3.10 FOOD ADDITIVES MARKET, BY REGION
TABLE 207 EUROPE: FOOD ADDITIVES MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION)
TABLE 208 ASIA-PACIFIC: FOOD ADDITIVES MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION)
TABLE 209 ROW: FOOD ADDITIVES MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION)
12.4 BAKERY PREMIXES MARKET
12.4.1 MARKET DEFINITION
12.4.2 MARKET OVERVIEW
FIGURE 56 BAKERY PREMIXES MARKET EXPECTED TO WITNESS A STEADY GROWTH DURING THE FORECAST PERIOD
12.4.3 BAKERY PREMIXES MARKET, BY APPLICATION
FIGURE 57 BAKERY PREMIXES MARKET SIZE, BY APPLICATION, 2019 VS. 2025 (USD THOUSAND)
TABLE 210 BAKERY PREMIXES MARKET SIZE, BY APPLICATION, 2017–2025 (USD THOUSAND)
TABLE 211 BAKERY PREMIXES MARKET SIZE, BY APPLICATION, 2017–2025 (KT)
FIGURE 58 BAKERY PRODUCTS MARKET SIZE, BY SUB-APPLICATION, 2019 VS. 2025 (USD THOUSAND)
TABLE 212 BAKERY PRODUCT PREMIXES MARKET SIZE, BY SUB-APPLICATION, 2017–2025 (USD THOUSAND)
12.5 BREAD PRODUCTS
12.5.1 HIGH CONSUMPTION OF BREAD AND INCREASING DEMAND FOR SPECIALIZED BREAD PRODUCTS ARE THE MAJOR FACTORS THAT ARE PROJECTED TO DRIVE THE BREAD PREMIXES MARKET
TABLE 213 BREAD PRODUCT PREMIXES MARKET SIZE, BY REGION, 2017–2025 (USD THOUSAND)
12.6 BAKERY PRODUCTS
TABLE 214 BAKERY PRODUCT PREMIXES MARKET SIZE, BY REGION, 2017–2025 (USD THOUSAND)
12.6.1 CAKES
12.6.1.1 Rise in demand for flavored cake is projected to drive the demand for cake premixes
TABLE 215 CAKE PREMIXES MARKET SIZE, BY REGION, 2017–2025 (USD THOUSAND)
12.6.2 PASTRIES
12.6.2.1 Growth in the consumption of pastries in various countries projected to drive the demand for pastry premixes
TABLE 216 PASTRIES PREMIXES MARKET SIZE, BY REGION, 2017–2025 (USD THOUSAND)
12.6.3 MUFFINS
12.6.3.1 Higher demand for a variety of muffins is projected to drive the demand for muffin mixes
TABLE 217 MUFFIN PREMIXES MARKET SIZE, BY REGION, 2017–2025 (USD THOUSAND)
12.6.4 DONUTS
12.6.4.1 The growth in the trend of snacking is projected to drive demand for donuts mix
TABLE 218 DONUT PREMIXES MARKET SIZE, BY REGION, 2017–2025 (USD THOUSAND)
12.6.5 PANCAKES
12.6.5.1 Greater preference for ready-to-eat food products is projected to drive the market growth of pancake mixes
TABLE 219 PANCAKE PREMIXES MARKET SIZE, BY REGION, 2017–2025 (USD THOUSAND)
12.6.6 OTHERS
12.6.6.1 Increase in preference for convenience products is projected to drive the demand for bakery premixes
TABLE 220 OTHER BAKERY PREMIXES MARKET SIZE, BY REGION, 2017–2025 (USD THOUSAND)
12.6.7 BAKERY PREMIXES MARKET, BY REGION
TABLE 221 NORTH AMERICA: BAKERY PREMIXES MARKET SIZE, BY APPLICATION, 2017–2025 (USD THOUSAND)
TABLE 222 EUROPE: BAKERY PREMIXES MARKET SIZE, BY APPLICATION, 2017–2025 (USD THOUSAND)
TABLE 223 ASIA PACIFIC: BAKERY PREMIXES MARKET SIZE, BY APPLICATION, 2017–2025 (USD THOUSAND)
TABLE 224 SOUTH AMERICA: BAKERY PREMIXES MARKET SIZE, BY APPLICATION, 2017–2025 (USD THOUSAND)
TABLE 225 ROW: BAKERY PREMIXES MARKET SIZE, BY APPLICATION, 2017–2025 (USD THOUSAND)
13 APPENDIX (Page No. - 262)
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 AVAILABLE CUSTOMIZATIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
The study involves four major activities to estimate the current market size of the baking ingredients market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. These findings, assumptions, and market sizes were validated with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation approaches were used to estimate the market size of various segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources such as the Food and Agriculture organization (FAO), United States Department of Agriculture (USDA), European Commission, Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, food safety organizations, regulatory bodies, and trade directories.
Primary Research
The baking ingredients market comprises several stakeholders such as in the Supply-side: Baking ingredients producers, suppliers, distributors, importers, and exporters, and in the Demand-side: Large-scale bakery manufacturers, processed food manufacturers, SMEs & Artisanal Bakeries, and research organizations. Regulatory-side: Related government authorities, commercial research & development (R&D) institutions, FDA, EFSA, USDA, FSANZ, EUFIC government agencies & NGOs, and other regulatory bodies, Food product consumers, Regulatory bodies, including government agencies and NGOs, Commercial research & development (R&D) institutions and financial institutions, Government and research organizations
Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:
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Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the baking ingredients market. The research methodology used to estimate the market size includes the following:
- The key players were identified through extensive secondary research.
- The industry’s supply chain and market size were determined through primary and secondary research.
- All percentage shares splits, and breakdowns were determined using secondary sources and verified through primary sources.
- All the possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
Baking Ingredients Market Size: Bottom-Up Approach
- With the bottom-up approach, baking ingredients for each type, form, and application were added to arrive at the global and regional market size and CAGR.
- The pricing analysis was conducted based on types in regions. From this, we derived the market sizes, in terms of volume, for each region and type of baking ingredients.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
- The bottom-up procedure has been employed to arrive at the overall size of the baking ingredients market from the revenues of key players (companies) and their product share in the market.
- The market share was then estimated for each company to verify the revenue share used earlier in the bottom-up procedure. With the data triangulation procedure and validation of data through primaries, the exact values of the overall parent and each market have been determined and confirmed in this study. The data triangulation procedure implemented for this study is explained in the next section.
Data Triangulation
After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed. The data was triangulated by studying various factors and trends from both the demand and supply sides in the baking ingredients market.
Report Objectives
- To define, segment, and estimate the size of the baking ingredients market with respect to ingredients type, applications, form, and region
- To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To analyze the complete value chain and influence of all key stakeholders, such as manufacturers, suppliers, and end users
- To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
- To profile the key players and comprehensively analyze their core competencies
- To analyze the competitive developments, such as new product launches, acquisitions, investments, expansions, partnerships, agreements, joint ventures, and product approvals, in the baking ingredients market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to client-specific needs.
The following customization options are available for the report:
Geographic Analysis
- Further breakdown of the Rest of Asia Pacific baking ingredients market -Thailand, Malaysia, and Singapore
- Further breakdown of the Rest of Europe baking ingredients market - Ireland, The Netherlands, Sweden, Turkey, and Belgium
- Further breakdown of the Rest of South America into Peru, Chile, and Colombia.
Company Information
- Detailed analysis and profiling of additional market players (up to five)
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Growth opportunities and latent adjacency in Baking Ingredients Market