DUBLIN, Nov. 21, 2019 /PRNewswire/ -- The "Bakery Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The global bakery ingredients market was worth US$ 13.7 Billion in 2018. Looking forward, the market is projected to reach a value of US$ 17.8 Billion by 2024, registering a CAGR of 4.5% during 2019-2024.
The increasing demand for convenience food products is one of the key factors driving the growth of the market. Owing to the hectic schedules and changing dietary habits, there has been a rise in the consumption of bakery products across the globe. Furthermore, rising nutritional awareness among consumers and the availability of organic ingredients have further favored the market growth.
Fueled by the thriving tourism and hospitality industry, there is a growing product demand for bakery ingredients from various fast food restaurants, bakeries and hotels. Also, the rising trend of social gatherings, corporate parties and related special and festive occasions has led to an increased demand for cakes and pastries.
Other factors, including the use of attractive packaging and various product innovations, such as the development of emulsifiers that offer high-fat stability, water and oil holding capacity and longer shelf-life, are also contributing to the market growth.
Market Breakup by Product Type
- Leavening Agents
- Baking Powder & Mixes
- Oils, Fats, and Shortenings
- Colors & Flavors
Amongst these, baking powder and mixes are the most widely used ingredients.
Market Breakup by Application
- Cookies & Biscuits
- Rolls & Pies
- Cakes & Pastries
Currently, most of the ingredients are used for producing bread.
Market Breakup by End-use Sector
Market Breakup by Region
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
On a regional basis, Europe represents the largest market for bakery ingredients as baked goods are considered staple food in the region. Furthermore, there has been a rise in the demand for wholegrain, additive-free, gluten-free and ancient grain products, which has enabled manufacturers to use different ingredients in the production process. Other major regions include North America, Asia Pacific, Middle East and Africa, and Latin America.
The report has also analysed the competitive landscape of the market with some of the key players being Cargill, Koninklijke DSM N.V., Kerry Group, Sdzucker, AAK AB, Associated British Foods, Lesaffre, Tate & Lyle, Archer Daniels Midland Company, Ingredion Incorporated, Corbion, IFFCO Ingredients Solution, Taura Natural Ingredients, Dawn Foods, Muntons, British Bakels, Lallemand, Novozymes, Taura Natural Ingredients, Puratos Group, etc.
Key Questions Answered in This Report
- How has the global bakery ingredients market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global bakery ingredients industry?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end use sector?
- What are the various stages in the value chain of the global bakery ingredients industry?
- What are the key driving factors and challenges in the global bakery ingredients industry?
- What is the structure of the global bakery ingredients industry and who are the key players?
- What is the degree of competition in the global bakery ingredients industry?
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Bakery Ingredients Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Product Type
5.4 Market Breakup by Application
5.5 Market Breakup by End-use Sector
5.6 Market Breakup by Region
5.7 Market Forecast
6 Market Breakup by Product Type
6.2 Leavening Agents
6.4 Baking Powder & Mixes
6.5 Oils, Fats, and Shortenings
6.6 Colors & Flavors
7 Market Breakup by Application
7.2 Cookies & Biscuits
7.3 Rolls & Pies
7.4 Cakes & Pastries
8 Market Breakup by End-use Sector
9 Market Breakup by Region
9.1 North America
9.3 Asia Pacific
9.4 Middle East and Africa
9.5 Latin America
10 SWOT Analysis
11 Value Chain Analysis
12 Porter's Five Forces Analysis
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.2 Koninklijke DSM N.V.
14.3.3 Kerry Group
14.3.5 AAK AB
14.3.6 Associated British Foods
14.3.8 Tate & Lyle
14.3.9 Archer Daniels Midland Company
14.3.10 Ingredion Incorporated
14.3.12 IFFCO Ingredients Solution
14.3.13 Taura Natural Ingredients
14.3.14 Dawn Foods
14.3.16 British Bakels
14.3.19 Taura Natural Ingredients
14.3.20 Puratos Group
For more information about this report visit https://www.researchandmarkets.com/r/ql8w4z
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets