Bakery Ingredients Market Demands and Growth Prediction, Outlook 2016-2021 | Market Data Forecast
The report "Bakery Ingredients Market by Application
(Cookies & Biscuits, Cakes & Pastries, Rolls & Pies, Bread, Torts,
and Others), by Type (Enzymes, Baking Powder & Mixes, Colours &
Flavours, Starch, Oils & Shortenings, Leavening Agents, Emulsifiers,
Sweeteners, Mould Inhibitors, Preservatives, and Others)- Forecast to 2021",
The Bakery Ingredients market is expected to reach USD 16.42 Billion by 2021
from an estimated USD 12.63 Billion in 2016, at a CAGR of 5.4%. The key factors
such as changing lifestyles of consumers, rising demand for bakery products and
ingredients and rapid industrialization are the driving forces of the market.
Browse through
218 Pages and in-depth TOC on "Bakery Ingredients Market "
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By type, the cocoa and chocolate segment accounted for the largest share of the market
in 2016
On the basis of type, the global Bakery Ingredients market is
segmented into Enzymes, Baking Powder & Mixes, Colours & Flavours,
Starch, Oils & Shortenings, Leavening Agents, Emulsifiers, Sweeteners,
Mould Inhibitors, Preservatives, and Others. In 2016, the baking powders and
mixes segment is expected to account for the largest share of the global Bakery
Ingredients market. The sweeteners segment, on the other hand, is expected to
be the fastest-growing segment during the forecast period. Growth in this
segment is mainly driven by the increase in their use for a variety of
purposes.
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By application, the bread segment accounted for the largest
share of the market in 2016
On the basis of application, the market is segmented into Cookies
& Biscuits, Cakes & Pastries, Rolls & Pies, Bread, Torts, and
Others. Bread is the most widely used type of Bakery ingredients’ application.
Cookies and Biscuits application of the Bakery ingredients market is growing at
the highest CAGR.
Europe dominated the market in 2016
Europe accounted for the largest share of the Bakery Ingredients
market in 2016, followed by North America. The large share of the European
Bakery Ingredients market can be attributed to the fact that Europe has become
the largest market because of rising health consciousness of consumers in the
US which led to its downfall as the largest market.
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The various players in the Bakery Ingredients market include
Cargill Inc., Kerry Group, Associated British Foods, DSM, DuPont, Dawn Foods
Ltd., Taura Natural Ingredients Limited, Muntons PLC, Corbion N.V. and British
Bakels Limited.
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