Global Baking Ingredients Market 2024-2028

Global Baking Ingredients Market 2024-2028

Global Baking Ingredients Market 2024-2028

The baking ingredients market is forecasted to grow by USD 6551.2 mn during 2023-2028, accelerating at a CAGR of 6.5% during the forecast period. The report on the baking ingredients market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for bakery items, expansion in retail landscape, and rising prominence of in-store bakeries in supermarkets.

Technavio's baking ingredients market is segmented as below:

• By Product
• Flour
• Yeast ingredients
• Fats and shortening
• Sweeteners
• Others
• By Application
• Bread
• Cookies and biscuits
• Cakes and pastries
• Others
• By Geographical Landscape
• Europe
• APAC
• North America
• Middle East and Africa
• South America

This study identifies the increasing demand for organic and gluten-free bakery products as one of the prime reasons driving the baking ingredients market growth during the next few years. Also, increased snacking and indulgence consumption and growing demand for clean-label baking ingredients will lead to sizable demand in the market.

The report on the baking ingredients market covers the following areas:

• Baking ingredients market sizing
• Baking ingredients market forecast
• Baking ingredients market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading baking ingredients market vendors that include AAK AB, AB Mauri Food Inc., AGRANA Beteiligungs AG, Archer Daniels Midland Co., Associated British Foods Plc, Azelis SA, Bakels Worldwide, Bakemark USA LLC, Cargill Inc., Corbion nv, Dawn Food Products Inc., Ingredion Inc., Kerry Group Plc, Koninklijke DSM NV, Lallemand Inc., Lesaffre and Cie, Palsgaard AS, Puratos, Swiss Bake Ingredients Pvt. Ltd., and Zeelandia Group BV. Also, the baking ingredients market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.