Bakery Ingredients Market size was valued at $12,960.0 million in 2020, and is projected to reach at $22,592.6 million by 2030, growing at a CAGR of 5.6% from 2021 to 2030
The readers of the global market research reports are provided with in-depth assessments of the most recent trends, growth prospects, and market growth drivers. Additionally covered in depth in the study are the COVID-19 implications on the market for bakery ingredients and the market’s anticipated compound annual growth rate (CAGR). The study also offers a market analysis using a number of analytical methods, such as PESTEL and Porter’s Five Forces Analysis. These tools offer a thorough examination of the micro- and macro-environmental factors that affect the market’s growth throughout the course of the forecast period.
Bakery ingredients are foodstuffs that assist baked goods maintain their freshness, softness, and flavour, extend their shelf lives, and contain more protein. These products are offered in a variety of forms on the market and are regarded as the staple foods for human nutrition all over the world. The flavour and texture of baked goods are determined by the selection of the ingredients and their combinations. During the forecast period, it is anticipated that rising consumer demand for goods like bread and biscuits would create attractive growth prospects for the market for ingredients worldwide. The demand for bakery ingredients with health benefits and little to no artificial components is skyrocketing in North America’s and Europe’s developed markets for baking ingredients.
Busy lifestyles and dietary changes, which lead to increased consumption of bakery goods, are two reasons driving the market for bakery ingredients. Additionally, the demand for reduced trans-fat and gluten-free products is predicted to expand, along with changes in the habits and cultures of people in emerging countries. The demand for healthy baked food products has also increased as a result of the quick rise in obesity rates and the growth in fitness-related issues. On the other hand, the growing trend of substituting cereals such oats for baked goods is anticipated to restrain the expansion of the global market.
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Global Bakery Ingredients Market: Segmentations
Global Bakery Ingredients Market: By Key Players
Taura Natural Ingredients Ltd.
Tate & lyle
CSM Bakery Solutions
Archer Daniels Midland Company
Global Bakery Ingredients Market: By Types
Global Bakery Ingredients Market: By Applications
Cookies & Biscuits
Rolls & Pies
Cakes & Pastries
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