The Vegan Baking Ingredients Industry sales study offers a comprehensive analysis on diverse features including production capacities, Vegan Baking Ingredients demand, product developments, sales revenue generation and Vegan Baking Ingredients market outlook across the globe.
market research report by Fact.MR, (Leading business and competitive intelligence provider) on global Vegan Baking Ingredients market sales initiates with an outlook of the market, followed by the scrutiny of the demand and consumption volumes and share and size of various end-use segments
The global vegan baking ingredients market is estimated at US$ 1.9 billion in 2023 and is forecasted to expand at a noteworthy 6.5% CAGR over the next ten years (2023 to 2033). Worldwide vegan baking ingredients demand is projected to reach a market revenue of US$ 3.6 billion by 2033-end.
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The readability score of the Vegan Baking Ingredients market demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.
The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers.
This Vegan Baking Ingredients market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Vegan Baking Ingredients along with key stakeholders as well as emerging players associated with the manufacturing of product.
The Key trends Analysis of Extended Vegan Baking Ingredients market also provides dynamics that are responsible for influencing the future sales and demand of over the forecast period.
Key Companies Profiled
- Associated British Foods
- BASF SE
- Kerry
- DuPont
- Cargill Inc.
- Bakels
- Döhler Group
- Lallemand Inc.
- Dawn Food Products
- Ingredion
Competitive Analysis :
Leading vegan baking ingredient brands are focusing on launching new products to improve their revenue generation potential and stay competitive in the global marketplace.
- In January 2022, International Taste Solutions (ITS), a natural flavor manufacturer and supplier, announced the launch of a new line of vegan flavor enhancers. The Vegan Boost range is available in powder and liquid forms to recreate the traditional bakery taste and feel.
- In September 2020, Dawn Foods, a popular American manufacturer and distributor of baked goods and other food products, expanded its vegan offerings by launching new vegan bakery mixes and frozen vegan bakery products.
Veganism is not just limited to human nutrition but also penetrating the animal nutrition industry as well. To make most of this trend vegan baking ingredients companies are also focusing on making products suited for animal consumption as well.
- In October 2022, Peterra Kitchen, a start-up providing plant-based pet food, announced the launch of new vegan baking mixes that can be used to create dog and cat treats.
Key Segments of Vegan Baking Ingredients Industry Research
- By Product Type :
- Starch
- Raising Agents
- Emulsifiers
- Leavening Agents
- Baking Powder & Mixes
- Vegetable Oils
- Colors & Flavors
- Enzymes
- By Nature :
- Organic
- Conventional
- By Distribution Channel :
- Direct Sales
- HoReCa
- Food Processors
- Residential
- Modern Trade
- Convenience Stores
- Specialty Stores
- Small Groceries
- Online Retail
- Other Channels
- By Application :
- Cakes & Pastries
- Biscuits & Cookies
- Bread
- Rolls & Pies
- Buns
- Others
- By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
- Direct Sales
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