Global Bakery Ingredients Industry size to touch $16.42 billion by 2021
According to the report Global Bakery Ingredients Industry, published by Market Data
Forecast, The Global Industry was worth $12.63 billion in 2016 and estimated to
be growing at a CAGR of 5.40%, to reach $16.42 billion by 2021.
Food ingredients utilised in the bakery
industry are recognized as bakery ingredients. Some of the most normally found
bakery ingredients are baking powder, butter, baking soda, flour, eggs, fruits,
nuts, honey, flavour enhancers and colour additives. The function of these
ingredients consists of performing emulsification, protein consolidation and
aeration and preserving freshness in baked food. Baked products come in an
extensive variety, and the intake inclinations fluctuate inherently to diverse
eating habits and perception from region to region.
Browse Industry data tables
and in-depth TOC of the Global Bakery Ingredients Industry to 2021 @ http://www.marketdataforecast.com/market-reports/global-bakery-ingredients-market-1029/
The growth of the global Bakery Ingredients Industry
is majorly driven by factors such as rise in demand for bakery ingredients, and
shifting lifestyles which leave little to no time to cook meals. Also, the
growing population of working women has instigated the need for ready to eat
baked food, thereby substituting the orthodox home cooked food. The key
restraint of the Industry is the high sugar and carb levels in the baked
products which lead to health problems. The diabetic epidemic is a key heath
issue throughout the world and it has been escalating, especially in middle
income families, who are the chief consumers of bakery products. Furthermore,
excess sugar intake is linked to metabolic dysfunction, liver damage, and
obesity, which are driving the health conscious users away from baked food
items.
The Global Bakery Ingredients Industry is
segmented based on Application and Type. The Industry for Bakery Ingredients,
on the basis of Application, is classified into Cookies & Biscuits, Cakes
& Pastries, Rolls & Pies, Bread, Torts, and Others. On the basis of
Type, the global Bakery Ingredients Industry is segmented into Enzymes, Baking
Powder & Mixes, Colours & Flavours, Starch, Oils & Shortenings,
Leavening Agents, Emulsifiers, Sweeteners, Mould Inhibitors, Preservatives, and
Others. The bread segment leads the global Bakery Ingredients Industry under
the application segment. However, the cakes & pastries segment is
anticipated to grow at the highest CAGR due to growing demand from emerging
economies. In terms of type, the baking powders & mixes segment leads the
global Industry, followed by oils, & shortenings. However, the enzymes
segment is projected to grow at the highest CAGR in terms of worth. Ingredients
presenting similar functionalities are engaging in an aggressive rivalry due to
raw material unavailability and production expenses. For example, use of
enzymes in baking limits the progress of emulsifiers in baking applications.
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The Industry has also been geographically
segmented into North America, Europe, Asia-Pacific and the Rest of the World.
Europe is the largest Industry for Bakery Ingredients followed by North
America, due to the high rate of production and intake of baked food items in
these regions. The developing Industrys of Asia-Pacific most importantly India
and China, account for the high growth rate due to growing disposable incomes,
and the popularity of western food trends among the middle class. Mexico,
Japan, Canada, and South Korea are some of the other promising players in this Industry.
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This industry is extremely influenced by the
macro-economic state of an economy, as the intake of fancy bakery products drop
sharply due to economic slumps. Also, the industry is exceedingly competitive
in nature, and continuous innovation of products is absolutely essential to
withstand the Industry. The major companies dominating the global Bakery
Ingredients Industry are 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.
Key Points
from Table of Contents
Overview
·
Executive
Summary
·
Key
Inferences
·
New
Developments
Drivers, Restraints, Opportunities, and
Challenges Analysis
(DROC)
Bakery Ingredients Industry: Segmentation
·
By Application
o
Cookies & Biscuits
o
Cakes & Pastries
o
Rolls & Pies
o
Bread
o
Tarts
o
Other Applications
·
By Type
o
Enzymes
o
Baking Powder & Mixes
o
Colours & Flavours
o
Starch
o
Oils & Shortenings
o
Leavening Agents
o
Emulsifiers
o
Sweeteners
o
Mould Inhibitors
o
Preservatives
o
Others
Geographical
Analysis
·
North
America
·
Europe
·
Asia-Pacific
·
Latin
America
·
Middle East &
Africa
Strategic
Analysis
·
PESTLE
analysis
·
Porter’s Five
analysis
Industry Leaders'
Analysis
Competitive
Landscape
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