Baking Ingredients Market by Type (Emulsifiers, Leavening Agents, Enzymes, Baking Powders & Mixes, Oil, Fats & Shortenings, Starch, Colors & Flavors), Application (Bread, Biscuits & Cookies, Cakes & Pastries, Rolls & Pies), and Region - Forecast to 2022
[173 pages report] The baking ingredients market was valued at USD 33.28 billion in 2016 and is projected to grow at a CAGR of 5.4% from 2017, to reach a value of 45.44 billion by 2023. The basic objective of the report is to define, segment, and project the global market size of the baking ingredients market on the basis of type, application, and region. It will also help to understand the structure of the baking ingredients market by identifying its various segments. The other objectives include analyzing the opportunities in the market for the stakeholders, providing the competitive landscape of the market trends, and projecting the size of the baking ingredients market and its submarkets, in terms of value (USD Million) and volume (KT).
This research study involved the extensive use of secondary sources, which included directories and databases, such as Hoovers, Forbes, Bloomberg Businessweek, and Factiva, to identify and collect information useful for a technical, market-oriented, and commercial study of the baking ingredients market. The primary sources that have been involved include industry experts from the core and related industries and preferred suppliers, dealers, manufacturers, alliances, standards & certification organizations from companies; and organizations related to all the segments of this industry’s value chain. In-depth interviews have been conducted with various primary respondents such as key industry participants, subject matter experts, C-level executives of key market players, and industry consultants to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology applied in drafting this report on the baking ingredients market.
To know about the assumptions considered for the study, download the pdf brochure
The key participants in the baking ingredients market are the baking ingredients manufacturers, suppliers, and regulatory bodies. The key players that are profiled in the report include Archer Daniels Midland Company (US), Koninklijke DSM N.V. (Netherlands), Cargill, Incorporated (US), BASF SE (Germany), Ingredion Incorporated (US), Roquette Frères (France), SunOpta (Canada), Darling Ingredients Inc. (US), Omega Protein Corporation (US), DowDuPont Inc. (US), Kemin Industries, Inc. (US), InVivo (France), and John Pointon & Sons Ltd. (UK).
This report is targeted at the existing players in the industry, which include the following:
- Baking ingredient manufacturers
- Regulatory bodies
- Intermediary suppliers
- End Users
“The study answers several questions for the stakeholders; primarily, which market segments to focus on in the next 2 to 5 years for prioritizing efforts and investments.”
Scope Of The Report
On the basis of type, the baking ingredients market has been segmented as follows:
- Emulsifiers
- Leavening agents
- Enzymes
- Baking powder & mixes
- Oils, Fats, and shortenings
- Colors & flavors
- Starch
- Others (baking soda, eggs, honey, yeasts, fruits, and nuts)
On the basis of application, the baking ingredients market has been segmented as follows:
- Breads
- Cookies & biscuits
- Rolls & pies
- Cakes & pastries
- Others (pizza bases, donuts, tortillas, pretzels, scones, and cereals)
On the basis of region, the baking ingredients have been segmented as follows:
- North America
- Europe
- Asia Pacific
- RoW (The Middle East & Africa)
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to company-specific needs.The following customization options are available for the report:
Segment Analysis
- Product matrix, which gives a detailed comparison of the product portfolios of each company
Regional Analysis
- Further breakdown of the Rest of Asia Pacific baking ingredients market, by country
- Further breakdown of the Rest of Europe baking ingredients market, by country
- Further breakdown of the Rest of Europe baking ingredients market, by country
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
The baking ingredients market is estimated at USD 12.39 billion in 2016 and is projected to reach USD 16.91 billion by 2022, growing at a CAGR of 5.4% during the forecast period. Factors such as changing consumer lifestyles, preference for convenience foods, demand for gluten-free foods, and the increasing demand for natural and healthy ingredients are some of the key trends influencing the growth of the baking ingredients market.
Based on type, the market has been segmented into emulsifiers, leavening agents, enzymes, baking powder & mixes, oils, fats & shortenings, colors & flavors, and starch. The baking powder & mixes segment dominated the market, in terms of value, in 2016. Baking powder and mixes are used in bread, cakes, waffles, muffins, and pizza crusts. The expansion of bakeries and outlets such as in-store bakeries; convenience stores; supermarket & hypermarket bakeries; artisan bakeries; and café bakeries, especially in the emerging countries such as China, are expected to be the key market drivers for the baking ingredients market in the coming years.
In terms of application, the bread segment accounted for the largest share of the global baking ingredients market in 2016. Bread constitutes the major part of daily diets globally. The North American and European markets are the traditional consumers of bread. The Asia Pacific region is expected to be a key revenue pocket in the coming years. Rapid urbanization has led to the adoption of the hectic lifestyle in this region, thereby, boosting the demand for convenience foods. The result is the increased sale of breads in this region. Apart from this, there is an increased demand for gluten-free foods at a global level, which has, in turn, increased the demand for breads.
Asia Pacific is projected to be the fastest-growing market for baking ingredients during the forecast period. The growth of baking ingredients in the region is attributed to the demand for bakery products in the Asia Pacific countries such as China, Australia, and India. Regional markets such as India, China, and Japan are projected to drive the growth of baking ingredients, owing to the increasing demand for packaged and convenience foods in this region. China is projected to dominate the region, in terms of both value and volume, during the forecast period, owing to the adoption of Western diets, especially among the younger population.
A major challenge faced by manufacturers in the baking ingredients market is the threat of substitute products. Consumers are constantly changing their eating habits and looking out for low-calorie products. Manufacturers in this market have to compete with granola bar and cereal makers and have to come up with high-fiber additives to be used as ingredients in a variety of foods, especially baked products, to satisfy consumer demands for increased fiber content in foods.
Market players such as Archer Daniels Midland Company (US), Koninklijke DSM N.V. (Netherlands), Cargill, Incorporated (US), BASF SE (Germany), Ingredion Incorporated (US), Roquette Frères (France), SunOpta (Canada), Darling Ingredients Inc. (US), and Omega Protein Corporation (US) have been actively strategizing their growth plans to expand in the bakery ingredients market. These companies have a strong presence in Europe and North America; they also have manufacturing facilities and a strong distribution network across these regions.
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Table of Contents
1 Introduction (Page No. - 16)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Units
1.7 Stakeholders
2 Research Methodology (Page No. - 19)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries: By Company Type, Designation, and Region
2.2 Factor Analysis
2.2.1 Introduction
2.2.2 Demand-Side Analysis
2.2.2.1 Developing Economies
2.2.2.2 Growing Middle Income Population
2.2.2.3 Flexibility in Bread Consumption Patterns in Leading European Countries
2.2.2.4 Increasing Per Capita Income
2.2.3 Supply-Side Analysis
2.2.3.1 Availability of Raw Material
2.3 Market Size Estimation
2.4 Market Breakdown & Data Triangulation
2.5 Research Assumptions & Limitations
3 Executive Summary (Page No. - 30)
4 Premium Insights (Page No. - 33)
4.1 Attractive Opportunities in Baking Ingredients Market
4.2 Baking Ingredients Market, By Application
4.3 Asia-Pacific Baking Ingredients Market, By Country and Application
4.4 Baking Ingredients Market Growth, By Country
4.5 Life Cycle Analysis, By Region
5 Market Overview (Page No. - 37)
5.1 Introduction
5.2 Value Chain Analysis
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Changing Consumer Lifestyles Increase the Demand for Convenience Foods
5.3.1.2 Rising Demand for Low Trans-Fat and Gluten-Free Products
5.3.2 Restraints
5.3.2.1 Stringent Regulations and International Quality Standards
5.3.2.2 Health Issues Due to Excess Consumption of Trans Fatty Acids
5.3.3 Opportunities
5.3.3.1 Emerging Functions of Baking Ingredients
5.3.3.2 Alternative for Emulsifiers to Reduce Production Cost
5.3.3.3 Growth of Frozen Bakery Products Market
5.3.4 Challenges
5.3.4.1 Growing Substitution of Baked Products With Cereals
6 Baking Ingredients Market, By Type (Page No. - 42)
6.1 Introduction
6.2 Emulsifiers
6.3 Leavening Agents
6.4 Enzymes
6.5 Baking Powder & Mixes
6.6 Oils, Fats, and Shortenings
6.7 Colors & Flavors
6.8 Starch
6.9 Others
7 Baking Ingredients Market, By Application (Page No. - 54)
7.1 Introduction
7.2 Bread
7.3 Cookies & Biscuits
7.4 Rolls & Pies
7.5 Cakes & Pastries
7.6 Others
8 Brand Overview (Page No. - 60)
8.1 Introduction
8.2 Beakin
8.3 Powerbake
8.4 Clear Valley
8.5 Hysoc
8.6 Resistamyl
9 Baking Ingredients Market, By Region (Page No. - 62)
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 U.K.
9.3.2 France
9.3.3 Germany
9.3.4 Italy
9.3.5 Spain
9.3.6 Russia
9.3.7 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 Australia
9.4.4 India
9.4.5 South Korea
9.4.6 Vietnam
9.4.7 Rest of Asia Pacific
9.5 Rest of World (RoW)
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Africa
9.5.5 Middle East
10 Competitive Landscape (Page No. - 97)
10.1 Introduction
10.1.1 Vanguards
10.1.2 Dynamic
10.1.3 Innovators
10.1.4 Emerging
10.2 Competitive Benchmarking
10.2.1 Product Offerings (For All 25 Companies)
10.2.2 Business Strategy (For All 25 Companies)
*Top 25 Companies Analyzed for This Study are - Archer Daniels Midland Company; Cargill; Barry Callebaut; Tate & Lyle PLC ; AAK AB; Masson Group Company Limited; Kerry Group PLC; Associated British Foods PLC; Koninklijke DSM N.V.; Novoyzmes; Puratos Nv; Allied Mills; Pak Group; Nutrex.Be; Iffco Ingredients; Lesaffre; Equichem International, Inc.; Lallemand Inc. ; E. I. Du Pont De Nemours and Company; British Bakels; Corbion; Dawn Food Products, Inc.; Taura Natural Ingredients Ltd; Muntons PLC; Roquette.
11 Company Profiles (Page No. - 102)
11.1 Introduction
(Overview, Products and Services, Financials, Strategy & Development)*
11.2 Cargill
11.3 Associated British Foods PLC
11.4 Koninklijke DSM N.V.
11.5 Kerry Group PLC
11.6 AAK AB
11.7 Tate & Lyle
11.8 Lallemand, Inc.
11.9 Lesaffre
11.10 Archer Daniels Midland Company
11.11 E. I. Du Pont De Nemours and Company
11.12 Taura Natural Ingredients Limited
11.13 Dawn Food Products, Inc.
11.14 Muntons PLC
11.15 Corbion
11.16 British Bakels
"* The companies listed are a representative sample of the market’s ecosystem and in no particular order"
*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 162)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Company Developments
12.4.1 Acquisitions & Mergers
12.4.2 New Product Launches/Developments
12.4.3 Agreements& Joint Ventures
12.4.4 Expansions & Investments
12.5 Introducing RT: Real-Time Intelligence
12.6 Available Customizations
12.7 Related Reports
12.8 Author Details
List of Tables (69 Tables)
Table 1 Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 2 Baking Ingredients Market Size, By Type, 2015-2022 (KT)
Table 3 Emulsifiers Market Size, By Region, 2015-2022 (USD Million)
Table 4 Emulsifiers Market Size, By Region, 2015-2022 (KT)
Table 5 Leavening Agents Market Size, By Region, 2015-2022 (USD Million)
Table 6 Leavening Agents Market Size, By Region, 2015-2022 (KT)
Table 7 Enzymes Market Size, By Region, 2015-2022 (USD Million)
Table 8 Enzymes Market Size, By Region, 2015-2022 (KT)
Table 9 Baking Powder & Mixes Market Size, By Region, 2015-2022 (USD Million)
Table 10 Baking Powder & Mixes Market Size, By Region, 2015-2022 (KT)
Table 11 Oils, Fats, and Shortenings Market Size, By Region, 2015-2022 (USD Million)
Table 12 Oils, Fats, and Shortenings Market Size, By Region, 2015-2022 (KT)
Table 13 Colors & Flavors Market Size, By Region, 2015-2022 (USD Million)
Table 14 Colors & Flavors Market Size, By Region, 2015-2022 (KT)
Table 15 Starch Market Size, By Region, 2015-2022 (USD Million)
Table 16 Starch Market Size, By Region, 2015-2022 (KT)
Table 17 Other Baking Ingredients Market Size, By Region, 2015-2022 (USD Million)
Table 18 Other Baking Ingredients Market Size, By Region, 2015-2022 (KT)
Table 19 Baking Ingredients Market Size, By Application, 2015-2022 (USD Million)
Table 20 Breads Market Size, By Region, 2015-2022 (USD Million)
Table 21 Cookies & Biscuits: Baking Ingredients Market Size, By Region, 2015-2022 (USD Million)
Table 22 Rolls & Pies Market Size, By Region, 2015-2022 (USD Million)
Table 23 Cakes & Pastries Market Size, By Region, 2015-2022 (USD Million)
Table 24 Other Applications Market Size, By Region, 2015-2022 (USD Million)
Table 25 Brand By, Type
Table 26 Baking Ingredients Market Size, By Region, 2015-2022 (USD Million)
Table 27 Baking Ingredients Market, 2015-2022 (KT)
Table 28 North America: Baking Ingredients Market Size, By Country, 2015-2022 (USD Million)
Table 29 North America: Market Size, By Country, 2015-2022 (KT)
Table 30 North America: Market Size, By Type, 2015-2022 (USD Million)
Table 31 North America: Market Size, By Type, 2015-2022 (KT)
Table 32 North America: Market Size, By Application, 2015-2022 (USD Million)
Table 33 U.S.: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 34 Canada: Market Size, By Type, 2015-2022 (USD Million)
Table 35 Mexico: Market Size, By Type, 2015-2022 (USD Million)
Table 36 Europe: Baking Ingredients Market Size, By Country, 2015-2022 (USD Million)
Table 37 Europe: Market Size, By Country, 2015-2022 (KT)
Table 38 Europe: Market Size, By Type, 2015-2022 (USD Million)
Table 39 Europe: Market Size, By Type, 2015-2022 (KT)
Table 40 Europe: Market Size, By Application, 2015-2022 (USD Million)
Table 41 U.K.: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 42 France: Market Size, By Type, 2015-2022 (USD Million)
Table 43 Germany: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 44 Italy: Market Size, By Type, 2015-2022 (USD Million)
Table 45 Spain: Market Size, By Type, 2015-2022 (USD Million)
Table 46 Russia: Market Size, By Type, 2015-2022 (USD Million)
Table 47 Rest of Europe: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 48 Asia-Pacific: Baking Ingredients Market Size, By Country, 2015-2022 (USD Million)
Table 49 Asia-Pacific: Market Size, By Country, 2015-2022 (KT)
Table 50 Asia-Pacific: Market Size, By Type, 2015-2022 (USD Million)
Table 51 Asia-Pacific: Market Size, By Type, 2015-2022 (KT)
Table 52 Asia-Pacific: Market Size, By Application, 2015-2022 (USD Million)
Table 53 China: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 54 Japan: Market Size, By Type, 2015-2022 (USD Million)
Table 55 Australia: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 56 India: Market Size, By Type, 2015-2022 (USD Million)
Table 57 South Korea: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 58 Vietnam: Market Size, By Type, 2015-2022 (USD Million)
Table 59 Rest of Asia-Pacific: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 60 RoW: Baking Ingredients Market Size, By Region, 2015-2022 (USD Million)
Table 61 RoW: Market Size, By Region, 2015-2022 (KT)
Table 62 RoW: Market Size, By Type, 2015-2022 (USD Million)
Table 63 RoW: Market Size, By Type, 2015-2022 (KT)
Table 64 RoW: Market Size, By Application, 2015-2022 (USD Million)
Table 65 Brazil: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 66 Argentina: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 67 Chile: Market Size, By Type, 2015-2022 (USD Million)
Table 68 Africa: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 69 Middle East: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
List of Figures (69 Figures)
Figure 1 Baking Ingredients Market Segmentation
Figure 2 Baking Ingredients Market: Research Design
Figure 3 Middle-Class Population in Asia-Pacific is Projected to Grow & Account for the Largest Share in the Global Market By 2030
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Assumptions of the Research Study
Figure 8 Limitations of the Research Study
Figure 9 Baking Ingredients Market Snapshot (2017 vs 2022): Enzymes Segment is Projected to Grow Rapidly During Forecast Period
Figure 10 Baking Ingredients Market Share (Value), By Region, 2016
Figure 11 Market for Baking Ingredients Size, By Application (2017 vs 2022)
Figure 12 Emerging Markets With Promising Growth Potential, (2017 vs 2022)
Figure 13 Europe: Bread Segment Estimated for the Largest Market Share 2017-2022
Figure 14 Bread Segment Accounted for Largest Share in the Asia-Pacific Market in 2016
Figure 15 China to Grow at Highest CAGR in Baking Ingredients Market From 2017 to 2022
Figure 16 Baking Ingredients Market is Projected to Experience Strong Growth in the Asia-Pacific Region
Figure 17 Value Chain Analysis: Major Value is Added During Manufacturing
Figure 18 Increasing Demand for Convenience Foods Drives the Demand for Baking Ingredients
Figure 19 Baking Ingredients Market Size, By Type, 2017 vs 2022 (USD Million)
Figure 20 Market for Baking Ingredients Size, By Application, 2017 vs 2022 (USD Million)
Figure 21 Baking Ingredients Market, 2017-2022
Figure 22 North America Baking Ingredients Market
Figure 23 Europe Baking Ingredients Market
Figure 24 Asia-Pacific Baking Ingredients Market
Figure 25 RoW: Baking Ingredients Market Size, By Region, 2015-2022 (USD Million)
Figure 26 Baking Ingredients Market: Dive Vendor Comparison
Figure 27 Baking Ingredients Market: Product Offerings
Figure 28 Baking Ingredients: Business Strategy
Figure 29 Dive Vendor Comparison: Criteria Weightage
Figure 30 Cargill: Company Snapshot
Figure 31 Cargill: Product Offering Scorecard
Figure 32 Cargill: Business Strategy Scorecard
Figure 33 Associated British Foods PLC: Company Snapshot
Figure 34 Associated British Foods PLC: Product Offering Scorecard
Figure 35 Associated British Foods PLC: Business Strategy Scorecard
Figure 36 Koninklijke DSM N.V.: Company Snapshot
Figure 37 Koninklijke DSM N.V: Product Offering Scorecard
Figure 38 Koninklijke DSM N.V: Business Strategy Scorecard
Figure 39 Kerry Group PLC: Company Snapshot
Figure 40 Kerry Group PLC: Product Offering Scorecard
Figure 41 Kerry Group PLC: Business Strategy Scorecard
Figure 42 AAK AB: Company Snapshot
Figure 43 AAK AB: Product Offering Scorecard
Figure 44 AAK AB: Business Strategy Scorecard
Figure 45 Tate & Lyle: Company Snapshot
Figure 46 Tate & Lyle: Product Offering Scorecard
Figure 47 Tate & Lyle: Business Strategy Scorecard
Figure 48 Lallemand Inc.: Product Offering Scorecard
Figure 49 Lallemand Inc.: Business Strategy Scorecard
Figure 50 Lesaffre: Product Offering Scorecard
Figure 51 Lesaffre: Business Strategy Scorecard
Figure 52 Archer Daniels Midland Company: Company Snapshot
Figure 53 Archer Daniels Midland Company: Product Offering Scorecard
Figure 54 Archer Daniels Midland Company: Business Strategy Scorecard
Figure 55 E.I. Du Pont Nemours and Company: Company Snapshot
Figure 56 E.I. Du Pont Nemours and Company: Product Offering Scorecard
Figure 57 E.I. Du Pont Nemours and Company: Business Strategy Scorecard
Figure 58 Taura Natural Ingredients Limited: Company Snapshot
Figure 59 Taura Natural Ingredients Limited: Product Offering Scorecard
Figure 60 Taura Natural Ingredients Limited: Business Strategy Scorecard
Figure 61 Dawn Food Products, Inc.: Product Offering Scorecard
Figure 62 Dawn Food Products, Inc.: Business Strategy Scorecard
Figure 63 Muntons PLC: Product Offering Scorecard
Figure 64 Muntons PLC: Business Strategy Scorecard
Figure 65 Corbion: Company Snapshot
Figure 66 Corbion: Product Offering Scorecard
Figure 67 Corbion: Business Strategy Scorecard
Figure 68 British Bakels: Product Offering Scorecard
Figure 69 British Bakels: Business Strategy Scorecard
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Growth opportunities and latent adjacency in Baking Ingredients Market