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Baking Ingredients Market Size, Share Global Analysis Report, 2020–2026
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 Forecast 2020–2026
Industry Insights
According to the report published by Facts & Factors, the global Baking Ingredients Market size was worth around USD 14 billion in 2019 and is predicted to grow around USD 20.18 billion by 2026 with a compound annual growth rate (CAGR) of roughly 5% between 2020 and 2026. The report analyzes the global Baking Ingredients Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Baking Ingredients Market.
The Baking Ingredients market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Baking Ingredients market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Kilo Tons) and value (USD Billion) from FY 2016 – 2026.
This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the Baking Ingredients industry. The report analyzes and declares the historical and current trends analysis of the Baking Ingredients industry and subsequently recommends the projected trends anticipated to be observed in the Baking Ingredients market during the upcoming years.
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
Key Recommendations from Analysts
- As per our analysis, the Baking Ingredients industry across the world is growing at a significant rate. The leavening agent's category is anticipated to have a major share in the forthcoming period owing to its necessity in every baking application.
- According to the application, bread is more favored to use by the end-users. The rise in the working women population is limiting the time spend on cooking which is estimated to create momentous demand for bread.
- Growing at a CAGR around 5%, the global Baking Ingredients market delivers a number of opportunities for all of the included stakeholders through the entire value chain.
- Our analysts have recognized “Leavening agents” and “Bread” categories as the prominent investment options for the global Baking Ingredients market in terms of type and end-user segmentation respectively.
- 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.
Baking Ingredients Market Share – By Type
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Baking Ingredients industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Baking Ingredients industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Baking Ingredients market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Baking Ingredients industry. The Baking Ingredients market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
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.
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 regional segmentation of the Baking Ingredients industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the Baking Ingredients industry is provided for the leading economies of the world.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 14 Billion |
Projected Market Size in 2026 |
USD 20.18 Billion |
CAGR Growth Rate |
5% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
British Foods Limited, crust ‘n’ crumb food ingredients Pvt Ltd., Cargill, Inc, Caravan Ingredients, Royal DSM N.V., CSM, Kerry Group plc, Taura, Corbian N.V., Dawn Foods Ltd, British Bakels Ltd, AAK UK, and Muntons plc. , and others. |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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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.
Some of the essential players operating in the Baking Ingredients market, but not restricted include:
- British Foods Limited
- crust ‘n’ crumb food ingredients pvt Ltd.
- Cargill Inc
- Caravan Ingredients
- Royal DSM N.V.
- CSM
- Kerry Group plc
- Taura
- Corbian N.V.
- Dawn Foods Ltd
- British Bakels Ltd
- AAK UK
- Muntons plc.
The taxonomy of the Baking Ingredients industry by its scope and segmentation is as follows:
By Type Segmentation Analysis (Customizable)
- Leavening agents
- Fats & shortenings
- Colors & flavors
- Baking powders & mixes
- Emulsifiers
- Starch
- Enzymes
- Oil
- Other
By Application Segmentation Analysis (Customizable)
- Cakes & pastries
- Bread
- Rolls & pies
- Biscuits & cookies
- Other
Regional Segmentation Analysis (Customizable)
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
Table of Content
Industry Major Market Players
- British Foods Limited
- crust ‘n’ crumb food ingredients pvt Ltd.
- Cargill Inc
- Caravan Ingredients
- Royal DSM N.V.
- CSM
- Kerry Group plc
- Taura
- Corbian N.V.
- Dawn Foods Ltd
- British Bakels Ltd
- AAK UK
- Muntons plc.
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