San Francisco, 04 January, Baking
Ingredients Market Analysis, By End-use (Bread, Cookies & Biscuits, Cakes
& Pastries, Rolls & Pies), By Product (Emulsifiers, Leavening Agents,
Enzymes, Baking Powder, Oils, Fats, Flavors, Starch), And Segment Forecasts,
2018 – 2025
The global baking ingredients market is expected to reach USD
19.4 billion by 2025, according to a new report by Grand View Research, Inc.
The market is expected to witness a CAGR of 5.8% over the forecast period,
owing to Increasing consumer preferences for wide variety of tastes is expected
to be the key factor driving the growth of baking ingredients market. In
addition, rise in food-away from home expenditures is also propelling market
growth.
Baking ingredients are widely
used in various end-use segments such as bread, cookies, biscuits, cakes,
pastries, rolls, pies, tarts and cupcakes. The baking ingredients market is
mainly driven by the demand from the bread end-use segment, as it is the staple
food in developed countries and affordable to many price sensitive consumers in
emerging economies. In countries like China and India, bread is replacing many
traditional breakfast and snack items.
Increase in away from home food
expenditures is leading to the increase in the number of retail outlets,
in-store bakeries, convenience stores, artisan bakeries, and coffee shops
providing various baked good with innovative flavors. In addition, increasing
urbanization and improving economic conditions in transition economies is also
having a cumulative effect on the overall market.
In terms of revenue, enzymes
and emulsifiers were estimated as the fastest growing ingredients. These
segments are expected to register double digit growth rate in China. Enzymes
and emulsifiers have several positive influences in the baking process such as
improving the dough stability, extending shelf life, influencing fermentation
activity and reduces production cost. Enzymes, emulsifiers, leavening agents,
oils, fats and shortenings help in expanding the penetration of packaged food
market.
Access Full Research
Report On Baking Ingredients Market Analysis:
Further key findings from the report suggest:
·
Enzymes as baking ingredient is
expected to witness the highest growth in terms of value at a CAGR of 7.9% from
2017 to 2025. Enzymes have a prominent role in increasing the shelf-life and
providing anti-staling properties in the baked product. Furthermore,
technological advancements in developing new enzymes is expected to augment the
growth over the forecast period.
·
Bread segment emerged as the
largest end-use in terms of value in 2016 and is estimated to reach USD 8,541.6
million by 2025. Bread is a staple food in many of the countries in Europe,
North America and Central & South America and has varied application in
food processing industry.
·
The industry in Asia Pacific is
expected to witness significant growth over the next eight years owing to
rising working population and customer’s inclination adapting western food life
style. In terms of revenue, the Asia Pacific is expected to grow at a CAGR of
7.2% from 2017 to 2025
·
Key players include Flowers
Foods Inc, Hostess Brands LLC, Mckee Foods Corporation, George Weston Ltd.,
Grupo Bimbo. S.A.B. de C.V., Uniferm GmbH & Co., Koninklijke DSM N.V,
General Mills Inc, Associated British Foods Plc
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/ready-to-eat-processed-and-frozen-foods
Grand View Research has segmented the
global baking ingredients market on the basis of end-use, product type and
region:
Baking Ingredients End-use
Outlook (Revenue, USD Million, 2014 - 2025)
·
Bread
·
Cookies & Biscuits
·
Cakes & Pastries
·
Rolls & Pies
·
Other
Baking Ingredients Product Type
Outlook (Revenue, USD Million, 2014 - 2025)
·
Emulsifiers
·
Leavening Agents
·
Enzymes
·
Baking Powder & Mixes
·
Oils, Fats, and
Shortenings
·
Colors & Flavors
·
Starch
·
Others
Baking Ingredients Regional
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
o
Brazil
·
Middle East & Africa
Access Full Press Release of this Report:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
No comments:
Post a Comment