Market Overview:

According to a new report by IMIR Market Research on Global Baking Ingredients Market size was USD 16.88 billion in 2023. The market is projected to grow at a CAGR of 6.4%, from USD 17.96 billion in 2024 to USD 29.50 billion in 2032. The sudden rise in CAGR is attributed to this market growth returning to the pre-pandemic level once the pandemic is over.

Market Scope and Definition:

Bakery ingredients are food products that help maintain freshness, softness, & taste; improve shelf life; and increase the protein content in the baked items. These items are available in different varieties in the market and are considered as the basic food for human nutrition globally. The choice of the ingredients and the compositions determine the flavor & texture of the baked food product. In the mature bakery ingredients markets of North America, and Europe, the demand for bakery ingredients exhibiting health benefits and containing lesser or negligible artificial constituents is increasing massively.

The global bakery ingredients market is driven by factors such as busy lifestyles, and change in dietary habits, which in turn result in higher consumption of bakery products. Moreover, change in culture and routines of people in developing nations and growth in demand for low trans-fat & gluten-free products are expected to foster the growth of the bakery ingredients market. The global market for baking ingredients is driven by the rising demand for superior, authentic, and high-quality ingredients that fulfill the consumer’s expectations for fresh, nutritious, and delicious baked commodities. Consumers have shown greater interest in the simplicity and sustainability of bakery products, they are increasingly curious about the quality and origin of the ingredients along with the health-promoting label claims. For Instance:-

• In June 2023, Ardent Mills, a flour-milling, and ingredient company, announced the launch of the Ardent Mills Egg Replace and Ancient Grains Plus Baking Flour Blend. These products aim to meet the evolving consumer preferences and address supply chain challenges. Ardent Mills Egg Replace is a gluten-free and vegan alternative to whole eggs, while Ancient Grains Plus Baking Flour Blend is a protein-rich, plant-based, and gluten-free flour blend.

Market Dynamics:

Market Drivers:-

Growing Demand for Convenience Foods Are Driving the Demand for Bakery Ingredients.

The rising urbanization and changes in lifestyle designs, characterized by diminished cooking time, have become significant market drivers for the Baking Ingredients Market. To meet the requests of active shoppers, food companies are presenting a different run of prepared items, that serve as helpful breakfast and snack options. Retail bakeries are advertising products with amplified capacity life and cooler capacity conditions, encouraging consumers to make one-time purchases of baked goods. The components driving the consumption of bakery products.

The rising trend of convenience foods. With longer working hours, hectic ways of life, and time scarcity, consumers are picking foods that spare time in procurement, preparation, and cleanup. In created nations like the United States, and the United Kingdom, where bakery chains, cafes, and supermarkets have risen to cater to the request for new and solidified pastry shop merchandise. Indeed, in creating nations like India, the notoriety of home bakeries has developed, demonstrating expanded use of pastry shop fixings. the extension of bakery chains, and cafes, and the developing request for comfort nourishments are driving the request for the Baking Ingredients Market.

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.

Market Trends:-

Frozen Baked Goods to Boost the Market Growth

These have been significant concerns that are attempted to be addressed by the bakery products. Frozen bakery products are more popular with consumers due to their taste, texture, ease of availability, long shelf life, convenience, and health benefits. Opportunities for frozen bakery makers to grow their businesses have been generated by the rising demand for frozen bakery delicacies. To meet the unique requirements of health-conscious consumers, bakers are introducing functional ingredients, including oats, fortified flour, millet, and prebiotics. Frozen bakery items are predicted to have promising growth prospects in fast-growing economies like China, thanks to the rising disposable income and purchasing power parity (PPP) of the nation’s burgeoning population.

Due to the high demand for baked goods, America’s USD 153 billion bakery industry is assisting the market growth for baking ingredients. Convenience foods are a growing dietary trend that is to blame for the soaring demand for sweets and baked goods. Consumers are currently choosing foods that save time in procurement, preparation, and cleanup due to their hectic lifestyles, extended working hours, and lack variety of time. To meet the rising demand for fresh and frozen bakery goods and various baking ingredients, local bakery shops, cafes, and supermarkets have sprouted up in emerging nations like the US and the UK in recent years.

The bakery’s flavor, rich texture, long shelf life, ease of accessibility, low cost, and nutritional value. Therefore, such conditions related to bakery products have recently enhanced the baking ingredients market CAGR across the globe. There have been significant advances in baking innovations to cater to the demand. For instance, there is a growing market for vegan cakes, muffins, and pastries created with plant-based bakery ingredients such as fibers, natural colors, dairy-free milk substitutes, and flavors, increasing baking ingredients market revenue.

Market Restraining Factors:-

Fluctuating Ingredient Prices Hinder the Market Growth

The fluctuation in the prices of ingredients such as flour, sugar. Several factors contribute to the difficulty that manufacturers experience in planning and budgeting effectively due to fluctuating ingredient prices. Which can impact their cost structure, and profit margins adversely.

The government will initiatives to reduce food fat content, including baked goods. These initiatives aim to reduce calorie intake and to eliminate certain fat fractions like trans. And the bakery sector to work toward fat reductions, particularly in dense fats derived from animal, or tropical seed sources. The volatility in ingredient prices, and the need to decrease fat content while maintaining product quality, present market restraints for the Baking Ingredients Market.

Report Coverage:

The report will cover the qualitative and quantitative data on the global Baking Ingredients Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

Report Scope and Segmentations:

List of Companies Profiled:

• Flower Foods Inc
• Hostess Brands LLC
• George Weston Ltd
• Grupo Bimbo S.A.B. de C.V.
• Nestle S.A.
• Finsbury Food Group
• Aryzta AG
• Britannia Industries Ltd
• Tiger Brands Company
• Goodman Fielder
• Uniferm GmbH & Co.
• General Mills Inc
• Bread Talk Co. Ltd
• Mckee Foods Corporation
• Mondelez International
• Yamazaki Baking Co. Ltd
• Monginis Food Pvt. Ltd.
• Koninklijke DSM V.V.
• Associated British Foods Plc
• And More.

Key Industry Developments:

• In September 2023, Moyu, a U.S.-based baking mix brand, announced the launch of better-for-you bakery mix. The bakery features konjac-based mixes under the better-for-you baked goods category.
• In June 2023, the Kerry Group announced the launch of enzyme solutions that help bakers reduce their egg use by 30% in a variety of bakery products. The move comes as the European Commission is expected to propose legislation to phase out cages in animal agriculture by 2027, a proposal that has gathered support from some heavyweights in the industry for several years now.
• In Oct 2022, Roquette, a leader in plant-based ingredients and a leading provider of pharmaceutical excipients, today announces the addition of a new grade to its PEARLITOL® SD mannitol range for direct compression – PEARLITOL® 150 SD. Developed specifically for active pharmaceutical ingredients (APIs) susceptible to reducing sugars, PEARLITOL® 150 SD supports opportunities to unlock advanced tablet dosage forms – even when using challenging active ingredients.
• In June 2022, SunOpta (Nasdaq: STKL) (TSX: SOY), a U.S.-based, pioneer fueling the future of sustainable, plant-based, and fruit-based food and beverages, today announced it had been named 2022 R&D Team of the Year, large company category, by Food Processing magazine.

Baking ingredients Market Segmentation Analysis:

By Product Outlook 

• Emulsifier
• Yeast
• Enzymes
• Baking Powder & Mixes
• Oils, Fats & Shortenings
• Colors & Flavors
• Starch
• Preservatives
• Others

By End-use Channel Outlook 

• Bread
• Cakes & Pastries
• Cookies & Biscuits
• Rolls & Pies
• Others

By Region

• North America (U.S., Canada, Mexico)
• Europe (Germany, France, UK, Italy, Spain, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, ASEAN, Rest of Asia-Pacific)
• LAMEA (Latin America, Middle East, Africa)

The report also helps in understanding Global Baking ingredients Market dynamics, structure by analyzing the market segments, and project the Global Baking ingredients Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Baking ingredients Market make the report investor’s guide.

Global Baking ingredients Market Segmentation Insights:

The market scope is segmented based on by Product, by End User, and by region.

By Product

Based on the Product the market is segmented into Emulsifier, Yeast, Enzymes, Baking Powder & Mixes, Oils, Fats & Shortenings, Colors & Flavors, Starch, Preservatives, Others.

The baking powders & mixes segment, led market share in the product segment in 2023, accounting for over 27% of the global revenue. It could be a source of proteins, vitamins, and carbohydrates which are broadly expended as a primary ingredient in bakery products, around the world.

Wheat-based baking powder, which has lower saturated fat and cholesterol content, is picking up popularity, owing to rising shopper, awareness of natural items, the emulsifiers section is expected to develop as the growing heating goods industry necessitates products with a longer rack life, and appeal to consumers. When food acids like tartaric acid, acetic acid, and lactic acid react with hydroxylic groups, they form emulsifiers.

By End User

Based on End User the market is segmented into Bread, Cakes & Pastries, Cookies & Biscuits, Rolls & Pies, Others.

The bread segment dominated the market in 2023. Bread's reasonableness and dietary substance accounted for its steady development. The changing buyer inclinations have made producers contribute to advancement to deliver heated products that will fulfill the shopper's tastes. The manufacturers are developing bread with a balanced dietary, and flavor substance to capture a sizable advertise share.

Baking ingredient consumption within the cakes, and pastries segment is anticipated to develop over the period. Market expansion is attributed to rising snack consumption as well as the accessibility of coolers, for storing frozen, and prepared foods like cookies, food processing companies looking to extend their item portfolio by getting into the treats, and biscuits manufacturing trade are the main drivers of the treats and biscuits segment.

Regional Snapshots:

North America held a share of over 25.2% in 2023 and is expected to grow at a CAGR of 6.4% over the forecast period. The on-the-go nourishment way of life in countries like Canada, and the U.S. is anticipated to drive up demand all through the figure period. The comfort and easy-to-carry choices given by bakery manufacturers, such as stash wraps and rolls, among others, are too driving development. Gluten-free nourishment is one of the trends that's winning within the market, and the trend is expected to proceed throughout the projected period. Changing lifestyles have created a demand for alternatives to traditional home food, driving the request for prepared and packaged foods.

The increasing working populace is trying to find nourishment that expends less time than conventional food. In expansion, recognitions connected to health, and well-being are driving customers to decide on a healthy diet. The proceeding transformation within the food-processing industry is resulting in the development of unused bundled foods to meet the growing demand for convenience foods from North American consumers. The Asia Pacific segment is expected to grow at the fastest rate over the figure period. China, and India are the foremost populous countries in the world, with their populace anticipated to develop assist. Many businesses tend to boost their generation volume and utilize modern generation strategies to create high-quality products because the urban populace within the Asia Pacific region is progressively moving toward Western foods.

Production of high-quality items gives opportunities for baking ingredients manufacturers to supply emulsifiers, enzymes, baking powders, oils, and fats. This is often anticipated to extend the request for heating fixings within the estimate period. For instance, The Indian baking ingredients market is the favored goal for a pioneer within the plant-based beverage industry. Life Health Foods (India) Pvt. Ltd. introduced its new vegan beverage, So Good Oat Unsweetened beverage, a plant-based drain free of dairy. The brand-new, tasty So Good Oat beverage lives up to its claim of being a nutritious and adaptable beverage fabricated right here in India that gives coffee, tea, baking, and smoothies a fantastic taste and creaminess. Hence, Asia-Pacific is expected to enroll the highest development rate over the forecast period from 2022–2030.

Baking ingredients Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S.
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report:

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Questions:

• How much the global Baking ingredients Market valued?
• Which region has the largest share in 2024 for the global Baking ingredients Market?
• What are the driving factors for the market?
• Which is the leading segment in the global market?
• What are the major players in the market?

Research Scope of Baking ingredients Market:

• Historic year: 2019- 2022
• Base year: 2023
• Forecast: 2024 to 2032
• Representation of Market revenue in USD Million

Baking ingredients Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: