Global Bakery Ingredients Industry size to touch .42 billion by 2021
Posted by rohan on October 16th, 2017
According to the report Global Bakery Ingredients Industry, published by Market Data Forecast, The Global Industry was worth .63 billion in 2016 and estimated to be growing at a CAGR of 5.40%, to reach .42 billion by 2021.
Food ingredients utilised in the bakery industry are recognized as bakery ingredients. Some of the most normally found bakery ingredients are baking powder, butter, baking soda, flour, eggs, fruits, nuts, honey, flavour enhancers and colour additives. The function of these ingredients consists of performing emulsification, protein consolidation and aeration and preserving freshness in baked food. Baked products come in an extensive variety, and the intake inclinations fluctuate inherently to diverse eating habits and perception from region to region.
Browse Industry data tables and in-depth TOC of the Global Bakery Ingredients Industry to 2021 @ http://www.marketdataforecast.com/market-reports/global-bakery-ingredients-market-1029/
The growth of the global Bakery Ingredients Industry is majorly driven by factors such as rise in demand for bakery ingredients, and shifting lifestyles which leave little to no time to cook meals. Also, the growing population of working women has instigated the need for ready to eat baked food, thereby substituting the orthodox home cooked food. The key restraint of the Industry is the high sugar and carb levels in the baked products which lead to health problems. The diabetic epidemic is a key heath issue throughout the world and it has been escalating, especially in middle income families, who are the chief consumers of bakery products. Furthermore, excess sugar intake is linked to metabolic dysfunction, liver damage, and obesity, which are driving the health conscious users away from baked food items.
The Global Bakery Ingredients Industry is segmented based on Application and Type. The Industry for Bakery Ingredients, on the basis of Application, is classified into Cookies & Biscuits, Cakes & Pastries, Rolls & Pies, Bread, Torts, and Others. On the basis of Type, the global Bakery Ingredients Industry is segmented into Enzymes, Baking Powder & Mixes, Colours & Flavours, Starch, Oils & Shortenings, Leavening Agents, Emulsifiers, Sweeteners, Mould Inhibitors, Preservatives, and Others. The bread segment leads the global Bakery Ingredients Industry under the application segment. However, the cakes & pastries segment is anticipated to grow at the highest CAGR due to growing demand from emerging economies. In terms of type, the baking powders & mixes segment leads the global Industry, followed by oils, & shortenings. However, the enzymes segment is projected to grow at the highest CAGR in terms of worth. Ingredients presenting similar functionalities are engaging in an aggressive rivalry due to raw material unavailability and production expenses. For example, use of enzymes in baking limits the progress of emulsifiers in baking applications.
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The Industry has also been geographically segmented into North America, Europe, Asia-Pacific and the Rest of the World. Europe is the largest Industry for Bakery Ingredients followed by North America, due to the high rate of production and intake of baked food items in these regions. The developing Industrys of Asia-Pacific most importantly India and China, account for the high growth rate due to growing disposable incomes, and the popularity of western food trends among the middle class. Mexico, Japan, Canada, and South Korea are some of the other promising players in this Industry.
This industry is extremely influenced by the macro-economic state of an economy, as the intake of fancy bakery products drop sharply due to economic slumps. Also, the industry is exceedingly competitive in nature, and continuous innovation of products is absolutely essential to withstand the Industry. The major companies dominating the global Bakery Ingredients Industry are Cargill Inc., Kerry Group, Associated British Foods, DSM, DuPont, Dawn Foods Ltd., Taura Natural Ingredients Limited, Muntons PLC, Corbion N.V. and British Bakels Limited.
Key Points from Table of Contents
Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
Bakery Ingredients Industry: Segmentation
Industry Leaders' Analysis
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About the Authorrohan
Joined: September 20th, 2017
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