Baking Ingredients Market

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

Report Code: FB 2932 Apr, 2021, by marketsandmarkets.com

[269 Pages Report] The global baking ingredients market size is projected to reach USD 22.3 billion by 2026, from an estimated value of USD 16.6 billion in 2021, at a CAGR of 6.0%. There has been a significant rise in the consumption of bakery goods due to the growing popularity of convenient foods caused by contemporary lifestyle-influenced consumption modifications. The appearance, taste, texture, smell, shelf life, and fortification of baked goods significantly impact consumers purchasing decisions. While the pricing of bakery items strongly impacts older consumers, younger consumers are more influenced by the quality of the bakery products. Consequently, bakers are largely employing baking ingredients to maintain the quality of the baked foods and cater to the demands of expanding population.  There is also an expanding market for sustainable and natural bakery ingredients like fibers, owing to the shift in food patterns brought on by food crises, environmental concerns, and lifestyle disorders. Due to the Covid-19 lockout, consumers stranded at home turned to bake more frequently, driving up demand for items like baking soda, baking powder, cocoa powder, and other condiments.

Baking Ingredients Market

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Baking Ingredients Market Dynamics

Global rise in the consumption of bakery products and confectionery

The surging demand for confectionery and baked foods can be attributed to the rising food trend of convenience foods. Owing to prolonged working hours, hectic lifestyles, and lack of time, consumers are presently opting for foods that save time in procurement, preparation, and cleanup due to their hectic lifestyle and lack of time. In developing countries like US and UK, several local bakery businesses, cafes, and supermarkets have emerged in recent years to cater to the increased demand for fresh and frozen bakery goods and varied bakery ingredients. In low-income countries like India, the home bakery has gained much popularity in the past few years, suggesting increased use of bakery ingredients. The palatability, rich texture, extended shelf-life, easy accessibility, inexpensiveness, and nutrition associated with bakery foods are primarily influencing their sustenance in the modern market, propelling the demand for baking ingredients. In America, the USD 153 billion bakery industry, driven by high baked foods consumption, is augmenting the expansion of the baking ingredients market.

Health issues due to excess consumption of trans-fatty acids

Trans-fats in the form of vegetable shortenings and margarine are applied in baked food items to enhance their palatability, texture, mouthfeel, and shelf-life. However, increased consumption of trans fatty, rich items has added to the global burden of metabolic diseases like diabetes mellitus, heart diseases, obesity, and other related health issues. Thus, developing countries like the US and the UK are incorporating trans fatty acid intake limits in their national health policies. The baking industry is gradually replacing fats with the application of more natural ingredients like fibers to maintain the taste and texture of baked goods without impacting human health.

The growing trend of veganism and vegetarianism among consumers

The present-day purchasing behavior of consumers is influenced mainly by the rising concerns of sustainability, animal welfare, and climate change. Considering the detrimental impacts of animal-based foods on the planet, many consumers are gradually adopting veganism and opting for plant-based, natural food products that ensure a reduced carbon footprint. Thus, there has been an increased demand for vegan cakes, muffins, and pastries made from plant-based bakery ingredients like dairy-free milk alternatives, fibers,  natural colors, and flavors.

Growth of the frozen bakery products market

The taste, texture, easy availability, prolonged shelf-life, convenience, and health benefits associated with frozen bakery items have increased their popularity among consumers. The increasing demand for frozen bakery foods has created opportunities for frozen bakery manufacturers to expand their business. The bakers are incorporating functional ingredients like oats, fortified flour, millets, and prebiotics to cater to the specific needs of health-conscious consumers. It is anticipated that frozen bakery products have potential prospects of growth in fast-growing economic countries like China, owing to increased disposable income and purchasing power parity (PPP) of the country's expanding population.

Asia Pacific: Baking Ingredients Market Snapshot

Baking Ingredients Market  by Region

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Asia Pacific is projected to grow with a CAGR of 7.2% during the forecast period (2021-2026)

The Asia Pacific region is anticipated to be the fastest-growing market for baking ingredients, attributed to its growing economy and increasing purchasing power of consumers. Urbanization has brought about lifestyle changes that have modified the traditional consumption patterns of consumers in this region. There is an increased demand for convenience and packaged foods owing to the increasing number of working consumers having fast-paced lives. The Asia pacific produces baked goods with a shorter shelf life but can be prepared quickly to cater to the changing needs of consumers. With surging disposable incomes and young people gaining more buying power and shifting their priorities towards sustainable, convenient, vegan food products, Asians are turning towards ready-made bakery products for consumption.

Key Market Players

The key players in baking ingredients market include Associated British Foods Plc (England), AAK AB (Sweden), Cargill (US), and Kerry Group Plc (Ireland).

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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 includes 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 June 2020, Cargill partnered with a local manufacturer in western India to launch its first chocolate manufacturing operation in the Asia Pacific.
  • .In June 2019, Associated British Foods plc and Yihai Kerry Arawana Holdings Co., Ltd, a subsidiary of Wilmar International Limited (Singapore), executed a binding term sheet, setting out their intention to form a 50:50 joint venture in China for the manufacture, sale, and distribution of yeast and bakery ingredients.
  • In April 2019, Lallemand Baking introduced Lal^ferm–the new brand for fresh baker’s yeast- the organic yeast portfolio of the company.

Frequently Asked Questions (FAQ):

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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:

Baking Ingredients Market 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)
Report Code
FB 2932
Published ON
Apr, 2021
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