세계의 베이킹 재료 시장 규모, 점유율, 성장 분석, 유형별, 형태별, 용도별, 지역별 시장 규모, 점유율, 성장 분석 - 산업 예측(2024-2031년)

Global Baking Ingredients Market size was valued at USD 18.2 billion in 2022 and is poised to grow from USD 19.31 billion in 2023 to USD 31.01 billion by 2031, growing at a CAGR of 6.10% during the forecast period (2024-2031).

The baking ingredients market is experiencing significant growth, driven by the fundamental components that define the quality of bakery products such as flour, water, and leavening agents. Covid-19 lockdowns have sparked a surge in home baking, resulting in increased demand for baking essentials like baking soda, baking powder, cocoa powder, and various condiments. Comparisons to last year's sales figures reveal substantial boosts for manufacturers and retailers of baking materials. Concurrently, the rise of multinational cafe and bakery chains has popularized on-the-go baked goods, further fueling market demand. The frozen bakery goods sector is poised for expansion as consumers prioritize convenience, quick preparation, and affordability, enhancing the attractiveness of these items. Additionally, the growing appetite for frozen bakery products among coffee shops and various food service establishments is influencing market dynamics. Emerging markets like India and China are particularly promising, driven by increasing disposable incomes and improved purchasing power parity among their populations, which will likely elevate the demand for frozen bakery offerings. As a result, the baking ingredients market is set for robust growth, reflecting both a shift in consumer behavior and evolving culinary trends that favor convenience without compromising on quality.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Baking Ingredients market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Baking Ingredients Market Segmental Analysis

Global Baking Ingredients Market is segmented into Type, Form, Application, and region. By Type, the market is classified into Emulsifiers, Enzymes, Baking Powder & Mixes, Oils, Fats, And Shortenings, Colors & Flavors, Starch, Fiber, Preservative, and Other Types. Depending on the Form, it is categorized into Dry, and Liquid. According to Application, the market is divided into Bread, Sweet Bakery, and Other Applications. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Global Baking Ingredients Market

The global baking ingredients market is propelled by a significant rise in the consumption of bakery and confectionery products, which have long been staple foods. Increasing consumer demand for convenient, delicious, and textured treats is driving this trend. Factors such as easy availability, affordability, and nutritional benefits are further solidifying the position of bakery items in everyday diets. Consequently, the surge in popularity of diverse bakery products has led to heightened demand for various baking ingredients necessary for crafting flavorful and textural bread products. This growing market reflects the essential role that baked goods play in contemporary lifestyles.

Restraints in the Global Baking Ingredients Market

The global baking ingredients market faces significant restraints due to rigid international quality standards and regulatory requirements. Baking ingredients comprise various components that undergo rigorous health and safety evaluations in accordance with the legislative frameworks of different countries. Numerous studies conducted by regulatory agencies assess the potential impact of these ingredients on human health. Based on their findings, products are classified, and permissible daily intake levels (DIA) are established. Key organizations, such as the National Food Safety and Quality Service (SENASA), the Canadian Food Inspection Agency, the U.S. Food and Drug Administration (FDA), the World Health Organization (WHO), and the EU's Committee on the Environment, Public Health, and Food Safety, play crucial roles in overseeing and regulating the use of diverse chemicals and materials in food production.

Market Trends of the Global Baking Ingredients Market

The Global Baking Ingredients market is witnessing a significant shift driven by consumer preferences for health, sustainability, and ethical considerations. As awareness of environmental impacts associated with animal-based products grows, more consumers are opting for vegan and vegetarian diets, fostering a remarkable 17% increase in plant-based food retail sales, with figures exceeding USD 3 billion in the U.S. This trend is particularly influencing the demand for vegan baking ingredients, spurred by the rising popularity of plant-based bakery items like vegan cakes, muffins, and breads. As consumers increasingly prioritize plant-derived solutions, the market is likely to expand, opening up new opportunities for innovation in baking ingredients.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Technological Advancement
• Regulatory Landscape
• Patent Analysis
• Value Chain Analysis
• Case Study Analysis
• PESTEL Analysis
• Macro-Economic Indicators
• Market Attractiveness Index, 2023
• Pricing Analysis

Global Baking Ingredients Market Size by Type & CAGR (2024-2031)

• Market Overview
• Emulsifiers
• Enzymes
• Baking Powder & Mixes
• Oils, Fats, And Shortenings
• Colors & Flavors
• Starch
• Fiber
• Preservative
• Other Types

Global Baking Ingredients Market Size by Form & CAGR (2024-2031)

• Market Overview
• Dry
• Liquid

Global Baking Ingredients Market Size by Application & CAGR (2024-2031)

• Market Overview
• Bread
• Sweet Bakery
• Other Applications

Global Baking Ingredients Market Size & CAGR (2024-2031)

• North America, (Type, Form, Application)
  • US
  • Canada
• Europe, (Type, Form, Application)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (Type, Form, Application)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (Type, Form, Application)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (Type, Form, Application)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• Associated British Foods plc
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Koninklijke DSM N.V.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Lallemand Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kerry Group plc
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Lesaffre
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Tate & Lyle
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Cargill
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• AAK AB
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Dupont
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• British Bakels
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Archer Daniels Midland Company
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Corbion
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Dawn Foods Products, Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• International Flavors and Fragrances Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• IFFCO
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Millbaker SAS
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Carif
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Puratos
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Rich Product Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ireks GmbH
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation