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
[273 Pages Report] The global baking ingredients market is 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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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 baking ingredients 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 baking ingredients 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 baking ingredients 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.).
Scope of the report
|
Report Metric |
Details |
|
Market size available for years |
2019–2026 |
|
Base year considered |
2020 |
|
Forecast period |
2021–2026 |
|
Forecast units |
Value (USD Million) and Volume (Thousand Units) |
|
Segments covered |
By type, By application, By sweet bakery, by form |
|
Geographies covered |
Asia Pacific, Europe, North America, RoW |
|
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. - 35)
1.1 OBJECTIVES OF THE STUDY
1.1.1 MARKET DEFINITION
1.2 MARKET SCOPE
1.2.1 MARKETS COVERED
FIGURE 1 MARKET SEGMENTATION: BAKING INGREDIENTS MARKET
1.2.2 INCLUSIONS AND EXCLUSIONS
1.2.3 GEOGRAPHIC SCOPE
1.3 PERIODIZATION CONSIDERED
1.4 CURRENCY CONSIDERED
TABLE 1 USD EXCHANGE RATES CONSIDERED FOR THE STUDY, 2017–2020
1.5 UNITS CONSIDERED
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 40)
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. - 56)
TABLE 2 BAKING INGREDIENTS MARKET SNAPSHOT, 2021 VS. 2026
FIGURE 9 BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2021 VS. 2026 (USD MILLION)
FIGURE 10 BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2021 VS. 2026 (USD MILLION)
FIGURE 11 BAKING INGREDIENTS MARKET SIZE, BY SWEET BAKERY, 2021 VS. 2026 (USD MILLION)
FIGURE 12 BAKING INGREDIENTS MARKET SHARE, BY REGION, 2021
4 PREMIUM INSIGHTS (Page No. - 61)
4.1 OPPORTUNITIES IN THE BAKING INGREDIENTS MARKET
FIGURE 13 GROWING DEMAND FOR NATURAL INGREDIENTS DUE TO INCREASING CONSUMER AWARENESS TO DRIVE THE GROWTH OF THE BAKING INGREDIENTS MARKET
4.2 BAKING INGREDIENTS MARKET: KEY COUNTRY
FIGURE 14 INDIA TO BE THE FASTEST-GROWING COUNTRY IN THE BAKING INGREDIENTS MARKET BY 2026
4.3 BAKING INGREDIENTS MARKET, BY APPLICATION & REGION
FIGURE 15 EUROPE DOMINATED THE MARKET ACROSS ALL APPLICATIONS IN 2020
4.4 BAKING INGREDIENTS MARKET, BY FORM
FIGURE 16 THE DRY SEGMENT DOMINATED THE BAKING INGREDIENTS MARKET ACROSS ALL FORMS
4.5 EUROPE: BAKING INGREDIENTS MARKET, BY APPLICATION & COUNTRY, 2017
FIGURE 17 THE BREAD SEGMENT ACCOUNTED FOR THE LARGEST SHARE, BY APPLICATION, IN 2020, IN EUROPE
5 MARKET OVERVIEW (Page No. - 65)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 18 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 19 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 20 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 21 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 22 NUMBER OF PATENTS GRANTED FOR BAKING INGREDIENT PRODUCTS, 2015–2021
FIGURE 23 REGIONAL ANALYSIS OF PATENTS GRANTED IN THE BAKING INGREDIENTS MARKET, 2015–2021
TABLE 3 LIST OF A FEW PATENTS IN THE BAKING INGREDIENTS MARKET, 2020
5.6 ECOSYSTEM & MARKET MAP
FIGURE 24 MARKET ECOSYSTEM
FIGURE 25 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 26 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
5.10 TRADE ANALYSIS
5.10.1 EXPORT SCENARIO OF ENZYMES
FIGURE 27 ENZYMES EXPORTS, BY KEY COUNTRY, 2016–2019 (USD THOUSAND)
FIGURE 28 LEAVENING AGENTS EXPORTS, BY KEY COUNTRY 2016–2019 (USD THOUSAND)
FIGURE 29 STARCHES EXPORTS, BY KEY COUNTRY, 2016–2019 (USD THOUSAND)
5.10.2 IMPORT SCENARIO OF ENZYMES
FIGURE 30 ENZYMES IMPORTS, BY KEY COUNTRY, 2016–2019 (USD THOUSAND)
FIGURE 31 LEAVENING AGENT IMPORTS, BY KEY COUNTRY, 2016–2019 (USD THOUSAND)
FIGURE 32 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. - 88)
6.1 INTRODUCTION
FIGURE 33 BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2021 VS. 2026 (USD MILLION)
TABLE 7 BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 8 BAKING INGREDIENTS 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) (PESSMISTIC 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, 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 TO INCREASE WITH THE INCREASE IN 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. - 104)
7.1 INTRODUCTION
FIGURE 34 BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2017 VS. 2022 (USD MILLION)
TABLE 32 BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 33 SWEET BAKERY MARKET SIZE, BY 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, BYAPPLICATION, 2018–2021 (USD MILLION) (PESSMISTIC 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 increasing snacking and indulgence consumption 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. - 112)
8.1 INTRODUCTION
FIGURE 35 BAKING INGREDIENTS MARKET SIZE, BY FORM, 2021 VS. 2026 (USD MILLION)
TABLE 43 BAKING INGREDIENTS MARKET SIZE, BY FORM, 2019–2026 (USD MILLION)
8.2 DRY
8.2.1 APPROPRIATE AMOUNT OF DRY INGREDIENTS – A NEED FOR PERFECT BAKING
TABLE 44 DRY BAKING INGREDIENTS MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
8.3 LIQUID
8.3.1 LIQUID INGREDIENTS ARE USED AS BINDER FOR DRY INGREDIENTS TO PREPARE A DOUGH
TABLE 45 LIQUID BAKING INGREDIENTS MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
9 BAKING INGREDIENTS IN MARKET, BY REGION (Page No. - 116)
9.1 INTRODUCTION
FIGURE 36 BAKING INGREDIENTS MARKET, 2019-2026
TABLE 46 BAKING INGREDIENTS 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 47 COVID-19 IMPACT ON THE BAKING INGREDIENTS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) (OPTIMISTIC SENARIO)
9.2.2 PESSIMISTIC SCENARIO
TABLE 48 COVID-19 IMPACT ON THE BAKING INGREDIENTS MARKET SIZE, BY REGION, 2020–2023 (USD MILLION) (PESSIMISTIC SENARIO)
9.2.3 REALISTIC SCENARIO
TABLE 49 COVID-19 IMPACT ON THE BAKING INGREDIENTS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) (REALISTIC SCENARIO)
9.3 NORTH AMERICA
FIGURE 37 US TO DOMINATE THE NORTH AMERICAN BAKING INGREDIENTS MARKET DURING THE FORECAST PERIOD
TABLE 50 NORTH AMERICA: BAKING INGREDIENTS MARKET SIZE, BY COUNTRY, 2019-2026 (USD MILLION)
TABLE 51 NORTH AMERICA: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 52 NORTH AMERICA: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (KT)
TABLE 53 NORTH AMERICA: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 54 NORTH AMERICA: BAKING INGREDIENTS MARKET SIZE, BY SWEET BAKERY, 2019-2026 (USD MILLION)
TABLE 55 NORTH AMERICA: BAKING INGREDIENTS 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 56 UNITED STATES: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 57 UNITED STATES: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 58 UNITED STATES : BAKING INGREDIENTS 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 59 CANADA: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 60 CANADA: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 61 CANADA : BAKING INGREDIENTS 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 62 MEXICO: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 63 MEXICO: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 64 MEXICO : BAKING INGREDIENTS MARKET SIZE, BY SWEET BAKERY, 2019-2026 (USD MILLION)
9.4 EUROPE
FIGURE 38 EUROPE: BAKING INGREDIENTS MARKET
TABLE 65 EUROPE: BAKING INGREDIENTS MARKET SIZE, BY COUNTRY, 2019-2026 (USD MILLION)
TABLE 66 EUROPE: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 67 EUROPE: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (KT)
TABLE 68 EUROPE: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 69 EUROPE: BAKING INGREDIENTS MARKET SIZE, BY SWEET BAKERY, 2019-2026 (USD MILLION)
TABLE 70 EUROPE: BAKING INGREDIENTS MARKET SIZE, BY FORM, 2019-2026 (USD MILLION)
9.4.1 UNITED KINGDOM
9.4.1.1 Consumption of bread as a staple food to drive the market for baking ingredients
TABLE 71 UNITED KINGDOM: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 72 UNITED KINGDOM: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 73 UNITED KINGDOM: BAKING INGREDIENTS 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 leading to higher consumption of baked goods
TABLE 74 FRANCE: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 75 FRANCE: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 76 FRANCE: BAKING INGREDIENTS 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 77 GERMANY: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 78 GERMANY: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 79 GERMANY : BAKING INGREDIENTS 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 80 ITALY: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 81 ITALY: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 82 ITALY: BAKING INGREDIENTS 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 83 SPAIN: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 84 SPAIN: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 85 SPAIN: BAKING INGREDIENTS 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 to generate consistent demand for baking ingredients
TABLE 86 RUSSIA: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 87 RUSSIA: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 88 RUSSIA: BAKING INGREDIENTS MARKET SIZE, BY SWEET BAKERY, 2019-2026 (USD MILLION)
9.4.7 REST OF EUROPE
TABLE 89 REST OF EUROPE: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2016-2026 (USD MILLION)
TABLE 90 REST OF EUROPE: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 91 REST OF EUROPE: BAKING INGREDIENTS MARKET SIZE, BY SWEET BAKERY, 2019-2026 (USD MILLION)
9.5 ASIA PACIFIC
FIGURE 39 ASIA-PACIFIC: BAKING INGREDIENTS MARKET
TABLE 92 ASIA PACIFIC: BAKING INGREDIENTS MARKET SIZE, BY COUNTRY, 2019-2026 (USD MILLION)
TABLE 93 ASIA PACIFIC: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 94 ASIA PACIFIC: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (KT)
TABLE 95 ASIA PACIFIC: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 96 ASIA PACIFIC: BAKING INGREDIENTS MARKET SIZE, BY SWEET BAKERY, 2019-2026 (USD MILLION)
TABLE 97 ASIA PACIFIC: BAKING INGREDIENTS 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 98 CHINA : BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 99 CHINA: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 100 CHINA: BAKING INGREDIENTS MARKET SIZE, BY SWEET BAKERY, 2019-2026 (USD MILLION)
9.5.2 JAPAN
9.5.2.1 Decreasing consumption of rice to increase the demand for baked good, driving the demand for baking ingredients
TABLE 101 JAPAN: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 102 JAPAN: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 103 JAPAN: BAKING INGREDIENTS MARKET SIZE, BY SWEET BAKERY, 2019-2026 (USD MILLION)
9.5.3 AUSTRALIA
9.5.3.1 Different types of bread consumed by Australians to drive the availability of different baking ingredients
TABLE 104 AUSTRALIA: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 105 AUSTRALIA: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 106 AUSTRALIA : BAKING INGREDIENTS 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 107 INDIA: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 108 INDIA: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 109 INDIA: BAKING INGREDIENTS 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 110 KOREA: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 111 KOREA: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 112 KOREA: BAKING INGREDIENTS 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 113 VIETNAM: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 114 VIETNAM: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 115 VIETNAM: BAKING INGREDIENTS 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 116 NEW ZEALAND: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 117 NEW ZEALAND: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 118 NEW ZEALAND: BAKING INGREDIENTS MARKET SIZE, BY SWEET BAKERY, 2019-2026 (USD MILLION)
9.5.8 REST OF ASIA PACIFIC
TABLE 119 REST OF ASIA PACIFIC: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 120 REST OF ASIA PACIFIC: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 121 REST OF ASIA PACIFIC: BAKING INGREDIENTS MARKET SIZE, BY SWEET BAKERY, 2019-2026 (USD MILLION)
9.6 REST OF THE WORLD
TABLE 122 REST OF THE WORLD: BAKING INGREDIENTS MARKET SIZE, BY COUNTRY, 2019-2026 (USD MILLION)
TABLE 123 REST OF THE WORLD: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 124 REST OF THE WORLD: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (KT)
TABLE 125 REST OF THE WORLD: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 126 REST OF THE WORLD: BAKING INGREDIENTS MARKET SIZE, BY SWEET BAKERY, 2019-2026 (USD MILLION)
TABLE 127 REST OF THE WORLD: BAKING INGREDIENTS 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 128 BRAZIL: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 129 BRAZIL: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 130 BRAZIL: BAKING INGREDIENTS 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 131 ARGENTINA: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 132 ARGENTINA: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 133 ARGENTINA: BAKING INGREDIENTS 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 134 CHILE: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 135 CHILE: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 136 CHILE: BAKING INGREDIENTS 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 137 AFRICA: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 138 AFRICA: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 139 AFRICA: BAKING INGREDIENTS 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 140 MIDDLE EAST: BAKING INGREDIENTS MARKET SIZE, BY COUNTRY, 2019-2026 (USD MILLION)
TABLE 141 MIDDLE EAST: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 142 MIDDLE EAST: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 143 MIDDLE EAST: BAKING INGREDIENTS 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 144 UNITED ARAB EMIRATES: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 145 UNITED ARAB EMIRATES: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 146 UNITED ARAB EMIRATES: BAKING INGREDIENTS 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 147 SAUDI ARABIA: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 148 SAUDI ARABIA: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 149 SAUDI ARABIA: BAKING INGREDIENTS MARKET SIZE, BY SWEET BAKERY, 2019-2026 (USD MILLION)
9.6.8 REST OF MIDDLE EAST
TABLE 150 REST OF MIDDLE EAST: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2019-2026 (USD MILLION)
TABLE 151 REST OF MIDDLE EAST: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2019-2026 (USD MILLION)
TABLE 152 REST OF MIDDLE EAST: BAKING INGREDIENTS MARKET SIZE, BY SWEET BAKERY, 2019-2026 (USD MILLION)
10 COMPETITIVE LANDSCAPE (Page No. - 175)
10.1 OVERVIEW
10.2 REVENUE ANALYSIS OF BUSINESS SEGMENTS, 2019
FIGURE 40 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 41 BAKING INGREDIENTS MARKET: COMPANY EVALUATION QUADRANT, 2020 (OVERALL MARKET)
10.4 PRODUCT FOOTPRINT
TABLE 153 BAKING INGREDIENTS MARKET: COMPANY TYPE FOOTPRINT
TABLE 154 BAKERY INGREDIENTS MARKET: REGIONAL FOOTPRINT
TABLE 155 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 42 BAKING INGREDIENTS MARKET: COMPANY EVALUATION QUADRANT FOR START-UPS/SME’S, 2020
10.6 KEY PLAYER STRATEGIES
TABLE 156 OVERVIEW OF STRATEGIES DEPLOYED BY BAKING INGREDIENTS COMPANIES
11 COMPETITIVE SCENARIO (Page No. - 184)
11.1 NEW PRODUCT LAUNCHES
TABLE 157 BAKING INGREDIENTS : PRODUCT LAUNCHES, 2018- 2021
11.2 DEALS
TABLE 158 BAKING INGREDIENTS : DEALS, 2018-2021
12 COMPANY PROFILES (Page No. - 186)
12.1 KEY PLAYERS
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
12.1.1 ASSOCIATED BRITISH FOODS PLC
TABLE 159 ASSOCIATED BRITISH FOODS PLC: BUSINESS OVERVIEW
FIGURE 43 ASSOCIATED BRITISH FOODS PLC: COMPANY SNAPSHOT
TABLE 160 ASSOCIATED BRITISH FOODS PLC: DEALS
12.1.2 KONINKLIJKE DSM N.V.
TABLE 161 KONINKLIJKE DSM N.V.: BUSINESS OVERVIEW
FIGURE 44 KONINKLIJKE DSM N.V.: COMPANY SNAPSHOT
TABLE 162 KONINKLIJKE DSM N.V.: NEW PRODUCT LAUNCHES
12.1.3 LALLEMAND INC.
TABLE 163 LALLEMAND INC: BUSINESS OVERVIEW
TABLE 164 LALLEMAND INC: NEW PRODUCT LAUNCHES
TABLE 165 LALLEMAND INC: DEALS
TABLE 166 LALLEMAND INC: OTHERS
12.1.4 KERRY GROUP PLC
TABLE 167 KERRY GROUP PLC: BUSINESS OVERVIEW
FIGURE 45 KERRY GROUP PLC: COMPANY SNAPSHOT
TABLE 168 KERRY GROUP PLC: NEW PRODUCT LAUNCHES
TABLE 169 KERRY GROUP PLC: DEALS
TABLE 170 KERRY GROUP PLC: OTHERS
12.1.5 LESAFFRE
TABLE 171 LESAFFRE: BUSINESS OVERVIEW
TABLE 172 LESAFFRE: OTHERS
12.1.6 TATE & LYLE
TABLE 173 TATE & LYLE: BUSINESS OVERVIEW
FIGURE 46 TATE & LYLE: COMPANY SNAPSHOT
TABLE 174 TATE & LYLE: NEW PRODUCT LAUNCHES
TABLE 175 TATE & LYLE: DEALS
TABLE 176 TATE & LYLE: OTHERS
12.1.7 CARGILL
TABLE 177 CARGILL: BUSINESS OVERVIEW
FIGURE 47 CARGILL: COMPANY SNAPSHOT
TABLE 178 CARGILL: NEW PRODUCT LAUNCHES
TABLE 179 CARGILL: OTHERS
12.1.8 AAK AB
TABLE 180 AAK AB - BUSINESS OVERVIEW
FIGURE 48 AAK AB: COMPANY SNAPSHOT
TABLE 181 AAK AB: DEALS
TABLE 182 AAK AB: OTHERS
12.1.9 DUPONT
TABLE 183 DUPONT - BUSINESS OVERVIEW
FIGURE 49 DUPONT: COMPANY SNAPSHOT
12.1.10 BRITISH BAKELS
TABLE 184 BRITISH BAKELS – BUSINESS OVERVIEW
TABLE 185 BRITISH BAKELS: NEW PRODUCT LAUNCHES
12.1.11 ARCHER DANIELS MIDLAND COMPANY
TABLE 186 ARCHER DANIELS MIDLAND COMPANY - BUSINESS OVERVIEW
FIGURE 50 ARCHER DANIELS MIDLAND COMPANY: COMPANY SNAPSHOT
TABLE 187 ARCHER DANIELS MIDLAND COMPANY: OTHERS
12.1.12 CORBION
TABLE 188 CORBION - BUSINESS OVERVIEW
FIGURE 51 CORBION: COMPANY SNAPSHOT
TABLE 189 CORBION: NEW PRODUCT LAUNCHES
TABLE 190 CORBION: DEALS
12.1.13 DAWN FOODS PRODUCTS, INC.
TABLE 191 DAWN FOOD PRODUCTS, INC. - BUSINESS OVERVIEW
12.1.14 INTERNATIONAL FLAVORS AND FRAGRANCES INC.
TABLE 192 INTERNATIONAL FLAVORS & FRAGRANCES INC. - BUSINESS OVERVIEW
FIGURE 52 INTERNATIONAL FLAVORS AND FRAGRANCES INC.: COMPANY SNAPSHOT
TABLE 193 INTERNATIONAL FLAVORS AND FRAGRANCES INC.: OTHERS
12.1.15 IFFCO
TABLE 194 IFFCO - BUSINESS OVERVIEW
TABLE 195 IFFCO: OTHERS
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
12.2 OTHER PLAYERS
12.2.1 MILLBAKER SAS.
12.2.2 CARIF
12.2.3 PURATOS
12.2.4 RICH PRODUCT CORPORATION
12.2.5 IREKS GMBH
12.2.6 INGREDION
12.2.7 SWISS BAKE INGREDIENTS PVT. LTD
12.2.8 OYC AMERICAS
12.2.9 TASTETECH
12.2.10 SENSIENT TECHNOLOGIES CORPORATION
13 ADJACENT & RELATED MARKETS (Page No. - 244)
13.1 INTRODUCTION
13.2 LIMITATIONS
13.3 FOOD ADDITIVES MARKET
13.3.1 MARKET DEFINITION
13.3.2 MARKET OVERVIEW
FIGURE 53 FOOD ADDITIVES MARKET IS EXPECTED TO WITNESS A STEADY GROWTH DURING THE FORECAST PERIOD
13.3.3 FOOD ADDITIVES MARKET, BY APPLICATION
FIGURE 54 FOOD ADDITIVES MARKET SIZE, BY APPLICATION, 2014 (USD MILLION)
TABLE 196 FOOD ADDITIVES MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION)
13.3.4 BAKERY & CONFECTIONERY
13.3.5 BEVERAGES
TABLE 198 FOOD ADDITIVES IN BEVERAGES MARKET SIZE, BY REGION, 2013–2020 (USD MILLION)
13.3.6 CONVENIENCE FOOD
FIGURE 55 FOOD ADDITIVES IN CONVENIENCE FOODS MARKET SIZE, BY REGION, 2015 VS. 2020 (USD MILLION)
TABLE 199 FOOD ADDITIVES IN CONVENIENCE FOODS MARKET SIZE, BY REGION, 2013–2020 (USD MILLION)
13.3.7 DAIRY & FROZEN DESSERTS
FIGURE 56 FOOD ADDITIVES IN DAIRY & FROZEN DESSERTS MARKET SIZE, BY REGION, 2015 VS. 2020 (USD MILLION)
TABLE 200 FOOD ADDITIVES IN DAIRY & FROZEN PRODUCTS MARKET SIZE, BY REGION, 2013–2020 (USD MILLION)
13.3.8 SAUCES, DRESSINGS, SPICES & CONDIMENTS
TABLE 201 FOOD ADDITIVES IN SAUCES, DRESSINGS, SPICES & CONDIMENTS MARKET SIZE, BY REGION, 2013–2020 (USD MILLION)
13.3.9 OTHER APPLICATIONS
FIGURE 57 FOOD ADDITIVES IN OTHER APPLICATIONS MARKET SIZE, BY REGION, 2014
TABLE 202 FOOD ADDITIVES IN OTHER APPLICATIONS MARKET SIZE, BY REGION, 2013–2020 (USD MILLION)
13.3.10 FOOD ADDITIVES MARKET, BY REGION
TABLE 204 EUROPE: FOOD ADDITIVES MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION)
TABLE 205 ASIA-PACIFIC: FOOD ADDITIVES MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION)
TABLE 206 ROW: FOOD ADDITIVES MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION)
13.4 BAKERY PREMIXES MARKET
13.4.1 MARKET DEFINITION
13.4.2 MARKET OVERVIEW
FIGURE 58 BAKERY PREMIXES MARKET IS EXPECTED TO WITNESS A STEADY GROWTH DURING THE FORECAST PERIOD
13.4.3 BAKERY PREMIXES MARKET, BY APPLICATION
FIGURE 59 BAKERY PREMIXES MARKET SIZE, BY APPLICATION, 2019 VS. 2025 (USD THOUSAND)
TABLE 207 BAKERY PREMIXES MARKET SIZE, BY APPLICATION, 2017–2025 (USD THOUSAND)
TABLE 208 BAKERY PREMIXES MARKET SIZE, BY APPLICATION, 2017-2025 (KT)
FIGURE 60 BAKERY PRODUCTS MARKET SIZE, BY SUB-APPLICATION, 2019 VS. 2025 (USD THOUSAND)
TABLE 209 BAKERY PRODUCT PREMIXES MARKET SIZE, BY SUB-APPLICATION, 2017–2025 (USD THOUSAND)
13.5 BREAD PRODUCTS
13.5.1 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 210 BREAD PRODUCT PREMIXES MARKET SIZE, BY REGION, 2017–2025 (USD THOUSAND)
13.6 BAKERY PRODUCTS
TABLE 211 BAKERY PRODUCT PREMIXES MARKET SIZE, BY REGION, 2017–2025 (USD THOUSAND)
13.6.1 CAKES
13.6.1.1 Rise in demand for flavored cake is projected to drive the demand for cake premixes
TABLE 212 CAKE PREMIXES MARKET SIZE, BY REGION, 2017–2025 (USD THOUSAND)
13.6.2 PASTRIES
13.6.2.1 Growth in the consumption of pastries in various countries projected to drive the demand for pastry premixes
TABLE 213 PASTRIES PREMIXES MARKET SIZE, BY REGION, 2017–2025 (USD THOUSAND)
13.6.3 MUFFINS
13.6.3.1 Higher demand for a variety of muffins is projected to drive the demand for muffin mixes
TABLE 214 MUFFIN PREMIXES MARKET SIZE, BY REGION, 2017–2025 (USD THOUSAND)
13.6.4 DONUTS
13.6.4.1 The growth in the trend of snacking is projected to drive demand for donuts mix
TABLE 215 DONUT PREMIXES MARKET SIZE, BY REGION, 2017–2025 (USD THOUSAND)
13.6.5 PANCAKES
13.6.5.1 Greater preference for ready-to-eat food products is projected to drive the market growth of pancake mixes
TABLE 216 PANCAKE PREMIXES MARKET SIZE, BY REGION, 2017–2025 (USD THOUSAND)
13.6.6 OTHERS
13.6.6.1 Increase in preference for convenience products is projected to drive the demand for bakery premixes
TABLE 217 OTHER BAKERY PREMIXES MARKET SIZE, BY REGION, 2017–2025 (USD THOUSAND)
13.6.7 BAKERY PREMIXES MARKET, BY REGION
TABLE 218 NORTH AMERICA: BAKERY PREMIXES MARKET SIZE, BY APPLICATION, 2017–2025 (USD THOUSAND)
TABLE 219 EUROPE: BAKERY PREMIXES MARKET SIZE, BY APPLICATION, 2017–2025 (USD THOUSAND)
TABLE 220 ASIA PACIFIC: BAKERY PREMIXES MARKET SIZE, BY APPLICATION, 2017–2025 (USD THOUSAND)
TABLE 221 SOUTH AMERICA: BAKERY PREMIXES MARKET SIZE, BY APPLICATION, 2017–2025 (USD THOUSAND)
TABLE 222 ROW: BAKERY PREMIXES MARKET SIZE, BY APPLICATION, 2017–2025 (USD THOUSAND)
14 APPENDIX (Page No. - 266)
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 AVAILABLE CUSTOMIZATIONS
14.4 RELATED REPORTS
14.5 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:
To know about the assumptions considered for the study, download the pdf brochure
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)
Get in-depth analysis of the COVID-19 impact on the Baking Ingredients Market
Benchmarking the rapid strategy shifts of the Top 100 companies in the Baking Ingredients Market
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Growth opportunities and latent adjacency in Baking Ingredients Market