0

Bakery Ingredients Market Expected to Reach $32.1 Billion by 2035

 
2022
Bakery Ingredients Market

Report Code : A02035

quote The bakery ingredients market is driven by changing consumer lifestyles and demand for convenience, increased health and wellness awareness, and growth of artisanal and craft Bakeries. quote

Roshan Deshmukh - Manager
Food and Beverages at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “Bakery Ingredients Market," The bakery ingredients market was valued at $15.5 billion in 2023, and is estimated to reach $32.1 billion by 2035, growing at a CAGR of 6.3% from 2024 to 2035.

Bakery ingredients are a prime constituent of finished bakery food such as bread, cookies & biscuits, rolls & pies, cakes & pastries, and others. Increase in trend of healthy eating and rise preference for convenience food are the primary factors boosting the growth of the market. Prominent players and large corporates are developing their products to follow the consumer trends and boost the company growth to occupy major bakery ingredients market share. 

On the basis of type, the market is divided into enzymes, starch, fiber, colors, flavors, emulsifiers, antimicrobials, fats, dry baking mix, and others. Among these, the dry baking mix segment occupied the major share of the market in 2023 and is anticipated to maintain its dominance during the forecast period. Dry baking mixes allow home bakers to create a wide range of products with minimal preparation, requiring only a few additional ingredients such as water, milk, or eggs. This ease of use appeals to a broad audience, from amateur cooks to families looking for a simple baking activity. Additionally, dry baking mixes offer a diverse product range, including cake, brownie, bread, and muffin mixes, providing consumers with variety and customization options, thus increasing the Bakery Ingredients Market Size.

The flexibility to add personal touches to pre-made mixes adds to their popularity. Dry baking mixes also have a longer shelf life, making them easier to store and distribute, which is cost-effective for both consumers and retailers. The increased trend of home baking, especially during the COVID-19 pandemic, further boosted demand for bakery ingredients industry, reinforcing the dominance of the dry baking mix segment in the bakery ingredients market. 

 On the basis of application, it is fragmented into bread, cookies & biscuits, rolls & pies, cakes & pastries, and others. Among these, the bread segment occupied the major share of the market in 2023 and is anticipated to maintain its dominance during the bakery ingredients forecast period. According to Bakery Ingredients Market Analysis, Bread is a staple food in many cultures, with high and consistent consumption rates across the globe. The segment encompasses a diverse range of bread types, from traditional white and whole wheat to artisanal sourdough and flatbreads, all of which require different baking ingredients. Industrial-scale production of popular bread types contributes to the segment's demand for ingredients.

According to bakery ingredient market analysis, this high demand is also driven by bread's deep-rooted cultural traditions and baking practices, from European baguettes to Middle Eastern pita. Additionally, health trends like gluten-free and multigrain bread have spurred innovation in bakery ingredients, further expanding the market. According to bakery ingredients market trend, the retail and commercial sectors rely heavily on bread products, reinforcing the bread segment's major share in the bakery ingredient market. 

Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Among these, Europe occupied the major share of the market in 2023 and is anticipated to maintain its dominance during the Bakery Ingredients Market Forecast period. Europe has established a major share of the bakery ingredients market through a combination of historical, cultural, and industry-related factors. The continent's long-standing baking tradition, featuring a diverse range of bread, pastries, and other baked goods, drives a high and consistent demand for Baking Ingredients. European countries, with their advanced food industry and sophisticated manufacturing processes, can produce large quantities of ingredients to meet industrial and artisanal bakery needs, contributing to bakery ingredients market growth.

Innovation in product development, including gluten-free and organic options, aligns with modern health trends, adding to Europe's market dominance. Strict food safety and quality standards contribute to Europe's reputation for high-quality products, boosting exports. The cultural diversity within Europe promotes specialization in various types of bakery ingredients, catering to a wide range of consumer preferences and contributing to bakery ingredients market opportunities.  

Major players operating in the bakery ingredients market include Archer-Daniels-Midland Company, Associated British Foods Plc., Cargill Incorporated, E. I. Du Pont De Nemours and Company, Ingredion Incorporated, Kerry Group, Plc., Koninklijke DSM N.V., Dawn Food Products, Inc., Bakels Group, and Lallemand Inc. 

KEY FINDINGS OF STUDY     

  • By type, dry bakery mix segment dominated the bakery ingredients market in 2023.  

  • By application, bread segment dominated the bakery ingredients market in 2023.  

  • By region, Europe dominated the bakery ingredients market in 2023.  

 

 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Bakery Ingredients Market by Type (Enzymes, Starch, Fiber, Colors, Flavors, Emulsifiers, Antimicrobials, Fats, Dry baking mix, Others), by Application (Bread, Cookies and Biscuits, Rolls and Pies, Cakes and Pastries, Others): Global Opportunity Analysis and Industry Forecast, 2024-2035 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 

Buy Full Version
"Bakery Ingredients Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers