DUBLIN, April 28, 2017 /PRNewswire/ -- Research and Markets has announced the addition of the "Baking Ingredients Market by Type, Application, and Region - Forecast to 2022" report to their offering.
The baking ingredients market is projected to grow at a CAGR of 5.4% from 2017 to reach a projected value of USD 16.91 Billion by 2022. Market growth is driven by growing customer demand for healthier foods, convenience foods, and functional baked goods. The market is also driven by factors such as demand for gluten-free foods and innovative product developments for improved baking ingredients such as modified starch, enzymes, emulsifiers, baking powders & mixes that can be cost-effective as well as used in a wide range of baked items.
Based on the types of ingredients used, the baking ingredients market is led by the baking powders & mixes segment, followed by the oils, fats & shortenings segment, in terms of value. In terms of volume, the market was led by the starch segment. Baking ingredients are used on a large scale in regions where there is high per capita consumption of bread and other baked goods.
Among the varied applications for baking ingredients, such as bread, biscuits & cookies, cakes & pastries, rolls & pies, bread accounted for the largest market share, followed by cookies & biscuits and cakes & pastries. Bread is widely consumed in European countries and is being incorporated in regular diets in most developing Asian and Latin American countries as well.
Europe accounted for the largest market share for baking ingredients, followed by North America and Asia-Pacific. Ingredients such as baking powder, baking mixes, leavening agents, and enzymes are among the most widely used ingredients in Europe; high per capita consumption of bread was one of the major factors driving the baking ingredients market in this region. The Asia-Pacific region is projected to be the fastest-growing market with investments from several multinational manufacturers, especially in countries such as China, India, and Japan.
- AAK AB
- Archer Daniels Midland Company
- Associated British Foods PLC
- British Bakels
- Dawn Food Products, Inc.
- E. I. Du Pont De Nemours and Company
- Kerry Group PLC
- Koninklijke DSM N.V.
- Lallemand, Inc.
- Muntons PLC
- Tate & Lyle
- Taura Natural Ingredients Limited
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Baking Ingredients Market, By Type
7 Baking Ingredients Market, By Application
8 Brand Overview
9 Baking Ingredients Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/wxn2qw/baking
Research and Markets
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/baking-ingredients-market-to-reach-usd-1691-billion-by-2022-growing-customer-demand-for-healthier-foods-convenience-foods--functional-baked-goods----research-and-markets-300447967.html
SOURCE Research and Markets