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Global Bakery Ingredients Market Size, Share, Trends, Report: By Ingredients Type: Baking Enzymes, Leavening Agents, Fats and Shortenings, Sweeteners, Colours and Flavours, Preservatives, Others; By Application: Bread, Cake and Pastries, Biscuit and Cookies, Rolls, Puffs and Pies, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Bakery Ingredients Market Outlook
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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Shifting Consumer Lifestyle to Aid the Growth of the Bakery Ingredients Demand
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: Market Segmentation
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:
- Baking Enzymes
- Leavening Agents
- Fats and Shortenings
- Sweeteners
- Colours and Flavours
- Preservatives
- Others
The market is divided on the basis of application into:
- Bread
- Cake and Pastries
- Biscuit and Cookies
- Rolls, Puffs, and Pies
- Others
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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Increasing Product Awareness to Bolster the Market Growth of Bakery Ingredients
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.
Key Industry Players in the Global Bakery Ingredients Market
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:
- Cargill, Incorporated
- Koninklijke DSM N.V.
- DuPont de Nemours, Inc.
- Ingredion Incorporated
- Kerry Group plc
- EMU AG
- Others
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.
Key Highlights of the Report
| 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 |
|
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Bakery Ingredients Market Analysis
8.1 Key Industry Highlights
8.2 Global Bakery Ingredients Historical Market (2018-2023)
8.3 Global Bakery Ingredients Market Forecast (2024-2032)
8.4 Global Bakery Ingredients Market by Ingredients Type
8.4.1 Baking Enzymes
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Leavening Agents
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Fats and Shortenings
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Sweeteners
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Colours and Flavours
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Preservatives
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Others
8.5 Global Bakery Ingredients Market by Application
8.5.1 Bread
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Cake and Pastries
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Biscuit and Cookies
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Rolls, Puffs and Pies
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Bakery Ingredients Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Bakery Ingredients Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Bakery Ingredients Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Bakery Ingredients Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Bakery Ingredients Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Bakery Ingredients Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Cargill, Incorporated
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Koninklijke DSM N.V.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 DuPont de Nemours, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Ingredion Incorporated
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Kerry Group plc
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 EMU AG
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Materials
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Key Figures and Tables
1. Global Bakery Ingredients Market: Key Industry Highlights, 2018 and 2032
2. Global Bakery Ingredients Historical Market: Breakup by Ingredients Type (USD Billion), 2018-2023
3. Global Bakery Ingredients Market Forecast: Breakup by Ingredients Type (USD Billion), 2024-2032
4. Global Bakery Ingredients Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Bakery Ingredients Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Bakery Ingredients Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Bakery Ingredients Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Bakery Ingredients Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Bakery Ingredients Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Bakery Ingredients Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Bakery Ingredients Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Bakery Ingredients Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Bakery Ingredients Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Bakery Ingredients Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Bakery Ingredients Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Bakery Ingredients Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Bakery Ingredients Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Bakery Ingredients Market Structure
Key Questions Answered in the Report
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.
Analyst Review
The global bakery ingredients market attained a value of nearly USD 17.63 billion in 2023, driven by the increasing demand for products, such as bread and biscuits. Aided by busy lifestyles and changing eating habits, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 6%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of ingredient types, the bakery ingredients industry is segmented into baking enzymes, leavening agents, fats and shortenings, sweeteners, colours and flavours, and preservatives, among others. Bakery ingredients find their application in bread, cake and pastries, biscuit and cookies, and rolls, puffs, and pies, among others. The major regional markets for bakery ingredients are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The major players in the industry are Cargill, Incorporated, Koninklijke DSM N.V., DuPont de Nemours, Inc., Ingredion Incorporated, Kerry Group plc, and EMU AG, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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