According to the [190+ Pages] research report; the global Baking Ingredients Market in 2019 was approximately USD 14 Billion. The market is expected to grow at a CAGR of 5% and is anticipated to reach around USD 20.18 Billion by 2026. Top market players are British Foods Limited, crust ‘n’ crumb food ingredients Pvt Ltd., Cargill, Inc, Caravan Ingredients, Royal DSM N.V., CSM, Kerry Group plc and others.
New York, NY, Feb. 15, 2021 (GLOBE NEWSWIRE) — Facts and Factors have published a new research report titled “Baking Ingredients Market By Type (Leavening Agents, Fats & Shortenings, Colors & Flavors, Baking Powders & Mixes, Emulsifiers, Starch, Enzymes, Oil and Other Types) and By Application (Cakes & Pastries, Bread, Rolls & Pies, Biscuits & Cookies and Other Applications): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” .
“According to the research study, the global Baking Ingredients Market was estimated at USD 14 Billion in 2019 and is expected to reach USD 20.18 Billion by 2026. The global Baking Ingredients Market is expected to grow at a compound annual growth rate (CAGR) of 5% from 2019 to 2026”.
Baking ingredients are used in baking products such as bread, cookies, biscuits, cakes, pies, tarts, pastries, dumplings, donuts, and frozen products. In bakery products, it is primarily used to improve the overall quality of the product, save time and durability. It is necessary to use a good quality ingredient when baking to preserve softness and taste. For instance, in bread making, yeast is an important ingredient whose gas created for better results should be kept inside the dough.
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Key Questions Answered in this Report
1) What was the impact of COVID-19 on the Baking Ingredients Market?
2) What is the market size, share of the Baking Ingredients Market?
3) Who are the top market players in Baking Ingredients Market?
4) What will be the future market of the Baking Ingredients Market?
- Market Size & Forecast by Revenue | 2020−2026
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography
- Competitive Landscape – Top key vendors and other prominent vendors
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Impact Analysis of COVID-19 Pandemic on Businesses: Know Short Term and Long Term Impact
Most of the businesses are facing a growing litany of business-critical concerns related to the coronavirus outbreak, including supply chain disruptions, a risk of a recession, and a potential drop in consumer spending. All these scenarios will play out differently across various regions and industries, making accurate and timely market research more essential than ever.
We at Facts and Factors ( http://www.fnfresearch.com ) understand how difficult it is for you to plan, strategize, or make business decisions, and as such, we have your back to support you in these uncertain times with our research insights. Our team of consultants, analysts, and experts has developed an analytical model tool for markets that helps us to assess the impact of the virus more effectively on the industrial markets. We are further implementing these insights into our reports for a better understanding of our clients.
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The growing attraction for baked and fast food along with easy access to baked and packed food generating market growth across the world. The market for baked goods is growing, owing to the Millenials. The Millenials are becoming a foodie and they are always eager to try new products. This has a positive impact on fast food stores and the bakery market. The rising health concern is one of the restrain in front of the market.
Baking Ingredients Market: Top Market Players
- British Foods Limited
- crust ‘n’ crumb food ingredients Pvt Ltd.
- Cargill Inc
- Caravan Ingredients
- Royal DSM N.V.
- Kerry Group plc
- Corbian N.V.
- Dawn Foods Ltd
- British Bakels Ltd
- AAK UK
- Muntons plc.
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Growing obesity and aging populations have brought on the international front. The increase in awareness of health has a direct effect on the food consumption habits of people. Sugar intake and extra calories directly affect a person’s weight. Sugar represents a major source of fructose. Fructose intake increases the desire to eat more food. In addition, excess fructose intake induces leptin resistance. Leptin is an essential hormone that controls appetite to stop eating and tells the body. Hunger rise increases the intake of food which increases the person’s obesity. The rising obesity is an invitation for the heart attack. Therefore, the rise in obesity is estimated to hinder market growth.
The report study further includes an in-depth analysis of industry players’ market shares and provides an overview of leading players’ market position in the Baking Ingredients sector. Key strategic developments in the Baking Ingredients market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Baking Ingredients market are appropriately highlighted in the report.
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The Baking Ingredients market research report delivers an acute valuation and taxonomy of the Baking Ingredients industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
The Baking Ingredients market is segmented based on Type and Application. On the basis of type segmentation, the market is classified into leavening agents, fats & shortenings, colors & flavors, baking powders & mixes, emulsifiers, starch, enzymes, oil, and other types. In terms of Application segmentation, the market is bifurcated into cakes & pastries, bread, rolls & pies, biscuits & cookies, and other applications.
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Baking Ingredients Market: Regional Analysis
North America leads the market for baking ingredients, owing to the intense consumption of bakery products. Bread is consumed on a daily basis across the globe, which is projected to stimulate the growth of the baking ingredients. In fact, a reluctance to cook on a daily basis results in high demand for bakery products.
The Asia Pacific is considered the most significant region in the forecast period and is likely to gain momentum. The number of bakeries in the Asia Pacific is surging rapidly as demand for bakery products is increasing. The correction in disposable income is augmenting market growth, particularly in India and China.
Europe is the second-largest bakery product market. The hectic lifestyle encourages people to enjoy fast-paced food like pocket sandwiches, pastries, cupcakes, and pies. Consumption of various types of bread in meals and breakfast estimated to generate the major demand for baking ingredients. The wide range of bread category is favoring France to become the leading market for the demand and production of bread.
Browse the full “Baking Ingredients Market By Type (Leavening Agents, Fats & Shortenings, Colors & Flavors, Baking Powders & Mixes, Emulsifiers, Starch, Enzymes, Oil and Other Types) and By Application (Cakes & Pastries, Bread, Rolls & Pies, Biscuits & Cookies and Other Applications): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” report at https://www.fnfresearch.com/baking-ingredients-market-by-type-leavening-agents-fats-743
This report segments the Baking Ingredients market as follows:
Global Baking Ingredients Market: By Type Segmentation Analysis
- Leavening agents
- Fats & shortenings
- Baking powders & mixes
Global Baking Ingredients Market: By Application Segmentation Analysis
- Cakes & pastries
- Rolls & pies
- Biscuits & cookies
Key Insights from Primary Research
- It was recognized through primary research that the global Baking Ingredients market was valued at around USD 14 Billion in 2019.
- According to primary respondents, the global Baking Ingredients market is projected to grow annually at a rate of around 5%.
- On the basis of end-user segmentation, the “Bread” category held the leading share at more than 30%, in 2019.
- North America leads the market for baking ingredients, owing to the intense consumption of bakery products.
- The “Leavening agents” category, was the prominent revenue-producing category contributing to around 25% share, in 2019
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