The global baking ingredients market is forecast to grow at a CAGR of 5.36% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: Many trends are seen in the market; one of them is a strong trend toward naturally derived sweeteners. There is growing demand for stevia as consumers are opting for natural ingredients and additives. Natural sweeteners constitute 1% of the sweetener market by volume. Due to the widespread availability of products like sugars, stevia, monk fruit, and sweet proteins, the naturally derived sweeteners segment is expected to grow. Intensifying demand for gluten-free products will also fuel the demand for baking ingredients.
According to the report, one of the emerging drivers in the market is the growing demand for baking powder with tartaric acid. Consumers increasingly prefer natural baking ingredients because of increasing health concerns and growing awareness of the health benefits of consuming natural additives. Tartaric acid is a dicarboxylic acid produced by living organisms. Growth in the consumption of processed, packaged foods are other major drivers in the market.
Further, the report states that one of the main challenges is the intense competition among vendors. It is difficult to identify the differentiating factors between the product offerings of various vendors, as product differentiation is rarely possible. This has resulted in intense competition in the global baking ingredients market.
- Associated British Foods
- Kerry Group
- Bakels Worldwide
- Dawn Food Products Inc.
- IFFCO Poultry
- Muntons plc
- Puratos Group
- Taura Natural Ingredients
- Tate & Lyle
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product type
PART 07: Types of ingredients and their usage
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Appendix
PART 16: About the Author
For more information visit http://www.researchandmarkets.com/research/l83k3r/global_baking
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SOURCE Research and Markets