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The global bakery ingredients market reached a value of almost USD 17.63 billion in the year 2023. The bakery ingredients industry is further expected to grow at a CAGR of 6% between 2024 and 2032 o reach a value of almost USD 29.79 billion by 2032.
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The global market for bakery ingredients is being driven by the shifting consumer lifestyles, growing demand for gluten-free products, increasing preference for convenience foods, and rising demand for natural and healthy ingredients. Regionally, Europe is expected to represent the largest market share during the forecast period on account of the increasing demand for bakery products and the use of advanced technologies for the production of baked foods.
Bakery ingredients are those ingredients that enable freshness, softness, and taste and extend the shelf life and add protein content in baked products.
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On the basis of ingredient types, the bakery ingredients industry is segmented into:
The market is divided on the basis of application into:
The report also covers the regional markets of bakery ingredients like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The global market for bakery ingredients is being driven by the increasing demand for products, such as bread and biscuits. The growing global awareness about the bakery ingredients having health benefits and having lesser or negligible artificial constituents, especially in mature markets such as North America and Europe, is aiding the market growth for bakery ingredients. Busy lifestyles and changing eating habits are further propelling the growth of the bakery ingredients industry. A shift in culture as well as routines of people in the emerging economies, along with increasing demand for low trans-fat and gluten-free products, are also providing impetus to the growth of the bakery ingredients industry.
Moreover, the rapid increase in the incidences of obesity and the rise in fitness concerns are boosting the demand for healthier bakery ingredients. Although the market growth might be hindered due to stringent regulations and implementation of international quality standards, the potential market for frozen bakery foods, in conjunction with proactive efforts of the major players to lower production costs and extend the shelf life of products, is expected to support the market growth of bakery ingredients.
The report gives a detailed analysis of the following key players in the global bakery ingredients market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Ingredients Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Bakery Ingredients Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global bakery ingredients market attained a value of nearly USD 17.63 billion.
The market is projected to grow at a CAGR of 6% between 2024 and 2032.
The shifting consumer lifestyles, the growing demand for gluten-free baked goods, and the rising demand for healthy and natural ingredients in bakery products are the major market drivers.
The key trends guiding the market include the rising use of advanced technologies to produce baked goods, the growing awareness regarding the benefits of healthy baked goods, and the increasing demand for trans-fat and gluten-free products.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different ingredients types in the market are baking enzymes, leavening agents, fats and shortenings, sweeteners, colours and flavours, and preservatives, among others.
The major applications of bakery ingredients are bread, cake and pastries, biscuit and cookies, and rolls, puffs, and pies, among others.
The major players in the market are Cargill, Incorporated, Koninklijke DSM N.V., DuPont de Nemours, Inc., Ingredion Incorporated, Kerry Group plc, and EMU AG, among others.
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