PUNE, India, April 19, 2017 /PRNewswire/ --
The report "Baking Ingredients Market by Type (Emulsifiers, Leavening Agents, Enzymes, Baking Powders & Mixes, Oil, Fats & Shortenings, Starch, Colors & Flavors), Application (Bread, Biscuits & Cookies, Cakes & Pastries, Rolls & Pies), and Region - Forecast to 2022", published by MarketsandMarkets™, is projected to reach USD 16.91 Billion by 2022.
Browse 69 market data Tables and 69 Figures spread through 173 Pages and in-depth TOC on "Baking Ingredients Market"
Early buyers will receive 10% customization on this report.
The Baking Ingredients Market, estimated to be valued at USD 13.03 Billion in 2017, is projected to grow at a CAGR of 5.4% from 2017 to 2022. Ingredients such as enzymes improve protein solubility and reduce bitterness in end products, making enzymes one of the most preferred ingredients in the baking industry. With heavy investment in R&D, new applications such as protein-based fat replacements, flavor enhancements, textural improvements are emerging rapidly and prolonging the shelf life of products. Baking ingredients offer several advantages such as reduced costs, volume enhancement, texture, color, and flavor enhancement. Hence, baking ingredients will be viewed as a business opportunity in the next five years. As a result, many multinational players have entered into the production of varied types of baking ingredients.
Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=172589056
Baking powder & mixes dominated the Baking Ingredients Market in 2016
The baking powders & mixes segment accounted for the largest share in the Baking Ingredients Market, followed by oils, and fats & shortenings. Baking products such as muffins, biscuits, cakes, and cookies usually use baking powder in place of yeast. Baking powder is always preferred over other ingredients, especially yeast, because of its quick processing time. The growing number of bakeries and outlets such as in-store bakeries, convenience stores, supermarket & hypermarket bakeries, artisan bakeries, and café bakers has cumulatively increased demand for baking powder and mixes, globally.
Bread: The most consumed baked product globally in 2016
The bread segment accounted for the largest share in the Baking Ingredients Market in terms of both, value as well as volume. Bread and bread products are a great source of energy, easy to prepare, and a cost-effective option as compared to other premium bakery products. The growing bread consumption is also driven by product innovation to cater to the changing demands for healthy food options from consumers.
Increasing consumption of baked foods in developing countries to boost the Baking Ingredients Market
Developing economies in the Asia-Pacific, Latin America, Eastern Europe, and the Middle East regions are prospering in terms of increasing GDP with the working population on the rise. With the rising population and improved purchasing power of developing countries such as China and India, the market is expected to show double-digit growth in the future. Factors such as changes in eating habits of consumers, increasing urbanization, and rise in the consumption patterns of baked products have driven growth in the market in this region. For instance, bread is replacing traditional Chinese breakfast items such as porridge and fried dough sticks. In emerging economies, the penetration of packaged and convenience food is the driving the baking industry.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Koninklijke DSM N.V. (the Netherlands), Corbion (The Netherlands), Cargill (U.S.), Kerry Group plc (Ireland), and Associated British Foods Limited (U.K.).
The report covers the emulsifiers, leavening agents, enzymes, baking powder & mixes, starch, oils, fats & shortenings, colors & flavors segments in terms of value and volume. In terms of insights, this research report has focused on various levels of analysis-industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global Baking Ingredients Market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
Browse related reports:
Gluten-Free Products Market by Type (Bakery Products, Pizzas & Pastas, Cereals & Snacks, Savories, and Others), Source (Oilseeds & Pulses, Rice & Corn, Dairy & Meat Products, and Other Crops), & by Region - Global Trends & Forecast to 2020
Frozen Bakery Products Market by Type (Breads, Pizza Crusts, Cakes & Pastries), Distribution Channel (Artisan Bakers, Retail, Catering & Industrial), and Technology (Raw Products, Ready-to-Bake, Ready Baked & Frozen) - Global Forecast to 2022
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Visit our Blog @ http://www.marketsandmarketsblog.com/market-reports/food-and-beverage
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets