Global bakery ingredients market is segmented on the basis of by type, and application. Based on type, the market can be segmented into flour, sweetners, emulsifiers, and yeast. Based on application, the market is segmented into bread, cakes and pastries, and cookies & biscuits- Industry forecast 2023-2030
Westford, USA, Jan. 23, 2024 (GLOBE NEWSWIRE) -- According to SkyQuest report, the global bakery ingredients market is poised for substantial growth, primarily fueled by the ongoing trend of urbanization and the surge in consumption of convenient, ready-to-eat foods. As modern lifestyles become increasingly hectic, consumers seek quick, delicious bakery products that fit their busy schedules.
Browse in-depth TOC on the "Bakery Ingredients Market"
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Pages - 157
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Tables - 64
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Figures – 75
Bakery ingredients hold a pivotal role in the creation of a wide array of bakery products, encompassing staples such as bread, cookies, biscuits, and cakes, as well as indulgent treats such as pizzas, tarts, pies, pastries, donuts, and even frozen baked goods. These ingredients have a rich history, dating back to ancient times, and continue to be fundamental components in contemporary baking processes in the global bakery ingredients market.
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Report Scope & Segmentation:
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Attributes |
Details |
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Market Size in 2022 |
USD 14.4 Billion |
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2030 Value Projection |
USD 22.6 Billion |
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CAGR |
6.68% |
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Forecast Period |
2023-2030 |
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Segments Covered |
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Regions Covered |
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Prominent Players in Global Bakery Ingredients Market
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Cargill
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Archer Daniels Midland Company
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Ingredion Incorporated
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Kerry Group plc
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DuPont Nutrition & Biosciences
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Associated British Foods plc
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Corbion N.V.
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Tate & Lyle PLC
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Lallemand Inc.
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Royal DSM N.V.
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Bakels Group
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Lesaffre Group
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AAK AB
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Puratos Group
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Dawn Foods Ltd.
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Palsgaard A/S
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Taura Natural Ingredients Ltd.
Flour Segment has Risen Significantly due to Indispensable Role in Providing the Fundamental Structure
Flour stands as a cornerstone ingredient within the realm of bakery products, thus constituting a dominant segment in the global bakery ingredients market. It is indispensable in providing the fundamental structure and texture to an array of baked goods, including bread, cakes, pastries, and more.
North American region has asserted its dominance in the global bakery ingredients market, driven by a combination of factors contributing to substantial growth. The region boasts a well-established bakery industry with a rich history and a reputation for high-quality products. The presence of a population with relatively high disposable income levels has further propelled the market, as consumers are more inclined to indulge in bakery products.
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Bread Segment to Dominate Market due to Encompasses a Diverse Array of Types
Bread is a ubiquitous and staple bakery product with global consumption, solidifying its position as a dominant segment within the global bakery ingredients market. This category encompasses diverse types, including white bread, whole wheat bread, multigrain bread, and specialty options such as baguettes and ciabatta.
Asia-Pacific is currently experiencing rapid and robust expansion within the global bakery ingredients market, positioning itself as one of the fastest-growing regions on a global scale. Several pivotal factors contribute to this flourishing trajectory, including shifting consumer lifestyles and preferences, urbanization, a notable increase in disposable incomes, and the emergence of a burgeoning middle class.
A comprehensive analysis of primary global bakery ingredients market players has been conducted recently. The report encompasses various aspects of the market, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavors to develop innovative solutions to cater to the growing demand.
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Key Developments in Global Bakery Ingredients Market
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In 2023, the prominent European bakery ingredient manufacturer IREKS, announced a substantial €100 million investment to expand its production facilities and bolster its research and development capabilities. This strategic move signifies IREKS' commitment to meeting the evolving demands of the bakery industry by increasing its production capacity and advancing its innovation in developing high-quality bakery ingredients.
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In 2023, Beyond Meat, a pioneering company in the plant-based meat industry unveiled a strategic partnership with a leading bakery chain. Together, they introduced an exciting new product—plant-based burger buns made with Beyond Meat's innovative meat substitute.
Key Questions Answered in the Global Bakery Ingredients Market Report
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What specific growth drivers are projected to impact the market during the forecast period?
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List the top companies in the market and explain how they have achieved their positions of influence.
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In what ways do regional trends and patterns differ within the global market, and how these differences shape the market's future growth?
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