The report "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" Increasing demand for bakery products across regions is projected to encourage manufacturers to invest in various bakery ingredients. According to MarketsandMarkets, the bakery ingredients market is projected to account for a value of USD 16.9 billion by 2022, recording a CAGR of 5.4%.

Browse 69 market data Tables and 69 Figures spread through 173 Pages and in-depth TOC on "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"
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The Enzymes Segment To Record the Fastest Growth in the Bakery Ingredients Market During the Forecast Period

As the demand for various bakery products remains high, retail outlets witness quick sales and increased consumption. Also, consumers prefer spending on freshly baked products as snacks. To cater to the increasing demand of consumers, manufacturers focus on investing in enzymes. The use of enzymes increases oxidation, reduces the production and mixing time, and helps in manages the dough stability and fermentation speed. Due to these factors, the enzymes segment is projected to record the fastest growth in the bakery ingredients market during the forecast period.

The Demand for Bakery Ingredients To Remain Concentrated in the Bread Segment Through 2022

Consumers are increasingly spending on protein-rich products such as cakes, pastries, pizzas, rolls, and donuts. Bakery products are considered staple foods in various regions. In parallel to the increasing consumption of protein-rich bakery products, the demand for bakery ingredients is projected to remain high. Also, bakery outlets focus on developing innovative products, particularly bread of various flavors, to align with the health requirements of consumers. Due to the high demand for bakery products, the bread segment is projected to record significant growth in the market during the forecast period.

Europe To Hold the Largest Share in the Bakery Ingredients Market During the Forecast Period

In parallel to the increasing number of events, the demand for bakery and confectionery products remains high across regions as a staple food. Retail and bakery outlets focus on aligning with the increasing trend of consuming bakery products as snacks. High demand for bakery products in regions such as Europe has encouraged manufacturers to allocate their budget to a range of bakery ingredients. Due to these factors, Europe is projected to hold the largest share in the bakery ingredients market during the forecast period.

Leading players operating in the bakery ingredients market include Corbion N.V. (Netherlands), Associated British Foods plc (UK), British Bakels Limited (UK), Royal DSM N.V. (Netherlands), and AarhusKarlshamn (Sweden). Key players are adopting strategies such as product innovations and new product developments to enhance their brand image across regions.

All in all, the bakery ingredients market is projected to record moderate growth during the forecast period. Manufacturers focus on offering low-fat bakery products to align with the requirements of health-conscious customers. Also, an increasing number of events has encouraged the purchase decisions of consumers for bakery and confectionery products. These factors are projected to contribute to the growth of the market.

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