Global Baking Ingredients Market By Product Type (Baking Powder & Mixes, Emulsifiers, Leavening Agents, Enzymes, and Other Product Types), By End-Use (Bread, Cookies & Biscuits, Cakes & Pastries, and Other End-Uses), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Baking Ingredients Market Overview

global baking ingredients market was worth US$ 14,820 million. It is expected to grow at a 5.9% CAGR in the forecasted period. This is due to changing consumer preferences and increasing demand for a wide range of baked goods. The market development will also be driven by rising demand for longer shelf-life products and increased demand for natural ingredients in final baked products.

Global Baking Ingredients Market Scope:

Product Type Analysis

Baking powder and mixes accounted for 30.11% of global revenue in 2021. It’s a rich source of vitamins, protein, and carbohydrates used worldwide as a primary ingredient for bakery products. Rising demand for organic products is driving wheat baking powder, which is low on saturated fat and high in cholesterol, to the forefront of consumers’ minds.

Enzymes are expected to be the most popular ingredient, after oil, fats, emulsifiers, leavening agent, oil, and butter. The Asia Pacific is expected to be a significant consumer of enzymes due to its increased bakery product manufacturing. The Asia Pacific will be the biggest consumer of enzymes.

Products such as leavening agents or emulsifiers, which enhance the bakery’s flavor, texture, and other properties, will also see significant growth in the forecast period 2023-2032.

End-Use Analysis

New production methods that provide nutritional value and affordability for price-sensitive customers in developing countries are the main drivers of bread’s popularity as the most significant contributor to end-use segments.

The fastest-growing segment for baking ingredients is cakes & pastries. This is due to the increased demand for snack foods and the availability of freezers at retail stores to store frozen processed foods like pastries and cookies. The market for cookies and biscuits is driven primarily by food processors looking to diversify product lines by getting into the cookies & cookies manufacturing business.

Кеу Маrkеt Ѕеgmеntѕ

By Product Type

• Baking Powder & Mixes
• Emulsifiers
• Leavening Agents
• Enzymes
• Other Product Types

By End-Use

• Bread
• Cookies & Biscuits
• Cakes & Pastries
• Other End-Uses

Market Dynamics:

Baking ingredients make up a significant part of the bakery ingredients market. Many baking ingredients, such as enzymes and emulsifiers, leavening agents, baking flours, and other components, are used to make bakery products like bread, pastries, cakes, rolls, tarts, and other products. High-quality products have many advantages, including flavor enhancements, texture, color, and economies of scale in production.

The global baking ingredients market is driven primarily by the individual contributions of end-use segments such as bread, cookies and biscuits, cakes & pastries, rolls, pies, and cakes. Demand is expected to rise due to increasing preferences for different bakery products and growing interest in healthy dietary supplements. The market will continue to rise due to new applications and innovations in developed countries to produce high-quality products.

In developing countries, however, this is not a significant change. The rise in urbanization in transition countries is driving increased baked food consumption. The overall market will be driven by critical manufacturers from developing countries that tend to increase production.

From 2023 to 2032, the U.S. market will grow at a 6% CAGR. The country’s fast-food lifestyle is driving growth over the forecast period. Additional factors driving growth include the convenience and portability of bakery products like wraps, pocket rolls, and wraps.

Regional Analysis

Europe was the dominant player in terms of revenue. It accounted for 39.8% of the global revenue share in 2021. The changing lifestyles of people have led to a greater demand for processed and packaged food. Bakery products are still the mainstay food in Europe and North America. The ongoing revolution in the food processing sector is leading to the development of new packaged foods that cater to consumers’ increasing demand for convenience food in Europe, North America, and Asia.

The baking ingredients market is expected to grow fastest in Asia. As the North American and European markets mature, the tides are changing in the global baking industry. New global regions with colossal growth potential are emerging. In the next few years, the APAC region will be a growing region in the bakery ingredients market. According to the Indian Bakers Federation, biscuits are India’s most popular product. Sliced bread, pastries, cakes, pastries, and brownies follow. Bakery products are also finding more space on regional supermarket shelves. These bakery products are now top-of-the-mind commodities in developing countries like India, Singapore, Hong Kong, and South Korea.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Manufacturers have had to concentrate on innovation, large production scales, and a competitive pricing structure due to fierce competition from both domestic and global players. Many manufacturers invest in R&D to create various products that meet the needs of different consumers.

Many companies are now integrating vertically using third-party agreements, acquisitions, and partnerships to capitalize on the potential of different geographies. To increase profitability, companies acquire small businesses that produce high-quality ingredients and have dynamic growth rates to increase profitability.

Маrkеt Кеу Рlауеrѕ:

• Flowers Foods Inc.
• Hostess Brands LLC.
• Mckee Foods Corporation
• Grupo Bimbo. S.A.B. de C.V.
• Uniferm GmbH & Co.
• Koninklijke DSM N.V,
• General Mills Inc.
• Associated British Foods Plc.
• Other Key Players

For the Baking Ingredients Market research study, the following years have been considered to estimate the market size: