Baking Ingredients Market by Type, Application, and Region - Forecast to 2022

  • ID: 4211941
  • Report
  • Region: Global
  • 175 Pages
  • Markets and Markets
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The Baking Ingredients Market is Estimated at USD 13.03 Billion in 2017 and is Projected to Grow at a CAGR of 5.4% to Reach USD 16.91 Billion by 2022

FEATURED COMPANIES

  • AAK AB
  • British Bakels
  • Cargill
  • Corbion
  • Dawn Food Products, Inc.
  • Kerry Group PLC
  • MORE

Baking Ingredients Market by Type (Emulsifiers, Leavening Agents, Enzymes, Baking Powders & Mixes, Oil, Fats & Shortenings, Starch, Colors & Flavors), Application (Bread, Biscuits & Cookies, Cakes & Pastries, Rolls & Pies), and Region - Forecast to 2022

“Baking ingredients market projected to grow at a CAGR of 5.4%.”

The baking ingredients market is estimated at USD 13.03 billion in 2017 and is projected to grow at a CAGR of 5.4% to reach USD 16.91 billion by 2022. The market is driven by factors such as rising per capita consumption of baked goods and development of innovative baking ingredients that are cost-effective as well as beneficial for heath. The high growth potential in emerging markets and untapped regions provide new growth opportunities for market players.

It is observed that there are no clear universal guidelines regarding the usage of individual ingredients in the end products. These ingredients and various mixtures of compounds are subjected to rigorous health and safety checks as per the region they are used in. Additionally, excess usage of trans-fatty acids poses health issues and is hence strictly regulated in various regions.

“Enzymes is projected to be the fastest-growing segment in the baking ingredients market.”

Among the types of baking ingredients - which include emulsifiers, leavening agents, enzymes, starch, oils, fats, & shortenings, colors & flavors, and others-the enzymes segment is expected to grow at the highest CAGR with increasing applications in baked products. Enzymes are naturally derived components that help bakers in maximizing the functionality of end products. It is also a cost-effective option which further satisfies the growing demand for clean label products from consumers as well.

“Cakes & pastries is projected to be the fastest-growing application segment in the baking industry.”

On the basis of application, the baking ingredients market is led by the bread segment, followed by cakes & pastries and cookies & biscuits. Cakes & pastries are the fastest-growing segment of baking ingredients, particularly in developing Asian economies with greater demand for convenience foods. The cakes and pastries market is driven by significant product innovation, new product introduction, changing preferences of consumers towards taste & flavor, and rising demand for premium quality products.

“China: The future of the baking industry.”

Increasing demand for convenience foods, functional foods, and baked goods, coupled with the constantly changing lifestyles, has increased the demand for baked products in China and other developing Asian economies. With a rise in disposable income and inclination towards western eating habits, several users are willing to spend on new innovative baked products and incorporate baked items such as bread and rolls in their daily diets.

The U.S. was the largest country-level market for baking ingredients, whereas the market in China is expected to grow at the highest CAGR of 7.0%, in terms of value.

Break-up of Primaries:

  • By Company Type: Tier 1 - 50 %, Tier 2 - 20% and Tier 3 - 30%
  • By Designation: C level - 28%, Director level - 22%, Others - 50%
  • By Region: North America - 40%, Europe - 30%, Asia-Pacific - 21%, RoW - 9%

Leading players such as Koninklijke DSM N.V. (The Netherlands), Corbion (the Netherlands), Associated British Foods (U.K.), Cargill (U.S.), and Kerry Group plc (Ireland) have been profiled in the report. The other players include AAK AB (U.K.), British Bakels Ltd. (U.K.), Dawn Food Products, Inc. (U.S.), Muntons plc (U.K.), and Taura Natural Ingredients Limited (New Zealand).

Research Coverage:

  • The report analyzes the baking ingredients market across different industry verticals and regions.
  • It aims at estimating the market size and future growth potential of this market across different segments such as ingredient types, applications, brand, and region.
  • The report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

Reasons to buy this report:

  • To get a comprehensive overview of the global baking ingredients market
  • To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
  • To gain insights about the major countries/regions in which the baking ingredients market is flourishing
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FEATURED COMPANIES

  • AAK AB
  • British Bakels
  • Cargill
  • Corbion
  • Dawn Food Products, Inc.
  • Kerry Group PLC
  • MORE
1 Introduction

    1.1 Objectives of the Study

    1.2 Market Definition

    1.3 Study Scope

    1.4 Years Considered for the Study

    1.5 Currency

    1.6 Units

    1.7 Stakeholders

2 Research Methodology

    2.1 Research Data

           2.1.1 Secondary Data

                    2.1.1.1 Key Data From Secondary Sources

           2.1.2 Primary Data

                    2.1.2.1 Key Data From Primary Sources

                    2.1.2.2 Key Industry Insights

                    2.1.2.3 Breakdown of Primaries: By Company Type, Designation, and Region

    2.2 Factor Analysis

           2.2.1 Introduction

           2.2.2 Demand-Side Analysis

                    2.2.2.1 Developing Economies

                    2.2.2.2 Growing Middle Income Population

                    2.2.2.3 Flexibility in Bread Consumption Patterns in Leading European Countries

                    2.2.2.4 Increasing Per Capita Income

           2.2.3 Supply-Side Analysis

                    2.2.3.1 Availability of Raw Material

    2.3 Market Size Estimation

    2.4 Market Breakdown & Data Triangulation

    2.5 Research Assumptions & Limitations

3 Executive Summary

4 Premium Insights

    4.1 Attractive Opportunities in Baking Ingredients Market

    4.2 Baking Ingredients Market, By Application

    4.3 Asia-Pacific Baking Ingredients Market, By Country and Application

    4.4 Baking Ingredients Market Growth, By Country

    4.5 Life Cycle Analysis, By Region

5 Market Overview

    5.1 Introduction

    5.2 Value Chain Analysis

    5.3 Market Dynamics

           5.3.1 Drivers

                    5.3.1.1 Changing Consumer Lifestyles Increase the Demand for Convenience Foods

                    5.3.1.2 Rising Demand for Low Trans-Fat and Gluten-Free Products

           5.3.2 Restraints

                    5.3.2.1 Stringent Regulations and International Quality Standards

                    5.3.2.2 Health Issues Due to Excess Consumption of Trans Fatty Acids

           5.3.3 Opportunities

                    5.3.3.1 Emerging Functions of Baking Ingredients

                    5.3.3.2 Alternative for Emulsifiers to Reduce Production Cost

                    5.3.3.3 Growth of Frozen Bakery Products Market

           5.3.4 Challenges

                    5.3.4.1 Growing Substitution of Baked Products With Cereals

6 Baking Ingredients Market, By Type

    6.1 Introduction

    6.2 Emulsifiers

    6.3 Leavening Agents

    6.4 Enzymes

    6.5 Baking Powder & Mixes

    6.6 Oils, Fats, and Shortenings

    6.7 Colors & Flavors

    6.8 Starch

    6.9 Others

7 Baking Ingredients Market, By Application

    7.1 Introduction

    7.2 Bread

    7.3 Cookies & Biscuits

    7.4 Rolls & Pies

    7.5 Cakes & Pastries

    7.6 Others

8 Brand Overview

    8.1 Introduction

    8.2 Beakin

    8.3 Powerbake

    8.4 Clear Valley

    8.5 Hysoc

    8.6 Resistamyl

9 Baking Ingredients Market, By Region

    9.1 Introduction

    9.2 North America

           9.2.1 U.S.

           9.2.2 Canada

           9.2.3 Mexico

    9.3 Europe

           9.3.1 U.K.

           9.3.2 France

           9.3.3 Germany

           9.3.4 Italy

           9.3.5 Spain

           9.3.6 Russia

           9.3.7 Rest of Europe

    9.4 Asia Pacific

           9.4.1 China

           9.4.2 Japan

           9.4.3 Australia

           9.4.4 India

           9.4.5 South Korea

           9.4.6 Vietnam

           9.4.7 Rest of Asia Pacific

    9.5 Rest of World (RoW)

           9.5.1 Brazil

           9.5.2 Argentina

           9.5.3 Chile

           9.5.4 Africa

           9.5.5 Middle East

10 Competitive Landscape

     10.1 Introduction

             10.1.1 Vanguards

             10.1.2 Dynamic

             10.1.3 Innovators

             10.1.4 Emerging

     10.2 Competitive Benchmarking

             10.2.1 Product Offerings (For All 25 Companies)

             10.2.2 Business Strategy (For All 25 Companies)

Top 25 Companies Analyzed for This Study are - Archer Daniels Midland Company; Cargill; Barry Callebaut; Tate & Lyle PLC ; AAK AB; Masson Group Company Limited; Kerry Group PLC; Associated British Foods PLC; Koninklijke DSM N.V.; Novoyzmes; Puratos Nv; Allied Mills; Pak Group; Nutrex.Be; Iffco Ingredients; Lesaffre; Equichem International, Inc.; Lallemand Inc. ; E. I. Du Pont De Nemours and Company; British Bakels; Corbion; Dawn Food Products, Inc.; Taura Natural Ingredients Ltd; Muntons PLC; Roquette.

11 Company Profiles

     11.1 Introduction

     11.2 Cargill

     11.3 Associated British Foods PLC

     11.4 Koninklijke DSM N.V.

     11.5 Kerry Group PLC

     11.6 AAK AB

     11.7 Tate & Lyle

     11.8 Lallemand, Inc.

     11.9 Lesaffre

     11.10 Archer Daniels Midland Company

     11.11 E. I. Du Pont De Nemours and Company

     11.12 Taura Natural Ingredients Limited

     11.13 Dawn Food Products, Inc.

     11.14 Muntons PLC

     11.15 Corbion

     11.16 British Bakels

List of Tables
Table 1 Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 2 Baking Ingredients Market Size, By Type, 2015-2022 (KT)
Table 3 Emulsifiers Market Size, By Region, 2015-2022 (USD Million)
Table 4 Emulsifiers Market Size, By Region, 2015-2022 (KT)
Table 5 Leavening Agents Market Size, By Region, 2015-2022 (USD Million)
Table 6 Leavening Agents Market Size, By Region, 2015-2022 (KT)
Table 7 Enzymes Market Size, By Region, 2015-2022 (USD Million)
Table 8 Enzymes Market Size, By Region, 2015-2022 (KT)
Table 9 Baking Powder & Mixes Market Size, By Region, 2015-2022 (USD Million)
Table 10 Baking Powder & Mixes Market Size, By Region, 2015-2022 (KT)
Table 11 Oils, Fats, and Shortenings Market Size, By Region, 2015-2022 (USD Million)
Table 12 Oils, Fats, and Shortenings Market Size, By Region, 2015-2022 (KT)
Table 13 Colors & Flavors Market Size, By Region, 2015-2022 (USD Million)
Table 14 Colors & Flavors Market Size, By Region, 2015-2022 (KT)
Table 15 Starch Market Size, By Region, 2015-2022 (USD Million)
Table 16 Starch Market Size, By Region, 2015-2022 (KT)
Table 17 Other Baking Ingredients Market Size, By Region, 2015-2022 (USD Million)
Table 18 Other Baking Ingredients Market Size, By Region, 2015-2022 (KT)
Table 19 Baking Ingredients Market Size, By Application, 2015-2022 (USD Million)
Table 20 Breads Market Size, By Region, 2015-2022 (USD Million)
Table 21 Cookies & Biscuits: Baking Ingredients Market Size, By Region, 2015-2022 (USD Million)
Table 22 Rolls & Pies Market Size, By Region, 2015-2022 (USD Million)
Table 23 Cakes & Pastries Market Size, By Region, 2015-2022 (USD Million)
Table 24 Other Applications Market Size, By Region, 2015-2022 (USD Million)
Table 25 Brand By, Type
Table 26 Baking Ingredients Market Size, By Region, 2015-2022 (USD Million)
Table 27 Baking Ingredients Market, 2015-2022 (KT)
Table 28 North America: Baking Ingredients Market Size, By Country, 2015-2022 (USD Million)
Table 29 North America: Baking Ingredients Market Size, By Country, 2015-2022 (KT)
Table 30 North America: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 31 North America: Baking Ingredients Market Size, By Type, 2015-2022 (KT)
Table 32 North America: Baking Ingredients Market Size, By Application, 2015-2022 (USD Million)
Table 33 U.S.: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 34 Canada: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 35 Mexico: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 36 Europe: Baking Ingredients Market Size, By Country, 2015-2022 (USD Million)
Table 37 Europe: Baking Ingredients Market Size, By Country, 2015-2022 (KT)
Table 38 Europe: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 39 Europe: Baking Ingredients Market Size, By Type, 2015-2022 (KT)
Table 40 Europe: Baking Ingredients Market Size, By Application, 2015-2022 (USD Million)
Table 41 U.K.: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 42 France: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 43 Germany: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 44 Italy: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 45 Spain: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 46 Russia: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 47 Rest of Europe: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 48 Asia-Pacific: Baking Ingredients Market Size, By Country, 2015-2022 (USD Million)
Table 49 Asia-Pacific: Baking Ingredients Market Size, By Country, 2015-2022 (KT)
Table 50 Asia-Pacific: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 51 Asia-Pacific: Baking Ingredients Market Size, By Type, 2015-2022 (KT)
Table 52 Asia-Pacific: Baking Ingredients Market Size, By Application, 2015-2022 (USD Million)
Table 53 China: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 54 Japan: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 55 Australia: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 56 India: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 57 South Korea: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 58 Vietnam: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 59 Rest of Asia-Pacific: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 60 RoW: Baking Ingredients Market Size, By Region, 2015-2022 (USD Million)
Table 61 RoW: Baking Ingredients Market Size, By Region, 2015-2022 (KT)
Table 62 RoW: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 63 RoW: Baking Ingredients Market Size, By Type, 2015-2022 (KT)
Table 64 RoW: Baking Ingredients Market Size, By Application, 2015-2022 (USD Million)
Table 65 Brazil: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 66 Argentina: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 67 Chile: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 68 Africa: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)
Table 69 Middle East: Baking Ingredients Market Size, By Type, 2015-2022 (USD Million)

List of Figures
Figure 1 Baking Ingredients Market Segmentation
Figure 2 Baking Ingredients Market: Research Design
Figure 3 Middle-Class Population in Asia-Pacific is Projected to Grow & Account for the Largest Share in the Global Market By 2030
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Assumptions of the Research Study
Figure 8 Limitations of the Research Study
Figure 9 Baking Ingredients Market Snapshot (2017 vs 2022): Enzymes Segment is Projected to Grow Rapidly During Forecast Period
Figure 10 Baking Ingredients Market Share (Value), By Region, 2016
Figure 11 Baking Ingredients Market Size, By Application (2017 vs 2022)
Figure 12 Emerging Markets With Promising Growth Potential, (2017 vs 2022)
Figure 13 Europe: Bread Segment Estimated for the Largest Market Share 2017-2022
Figure 14 Bread Segment Accounted for Largest Share in the Asia-Pacific Market in 2016
Figure 15 China to Grow at Highest CAGR in Baking Ingredients Market From 2017 to 2022
Figure 16 Baking Ingredients Market is Projected to Experience Strong Growth in the Asia-Pacific Region
Figure 17 Value Chain Analysis: Major Value is Added During Manufacturing
Figure 18 Increasing Demand for Convenience Foods Drives the Demand for Baking Ingredients
Figure 19 Baking Ingredients Market Size, By Type, 2017 vs 2022 (USD Million)
Figure 20 Baking Ingredients Market Size, By Application, 2017 vs 2022 (USD Million)
Figure 21 Baking Ingredients Market, 2017-2022
Figure 22 North America Baking Ingredients Market
Figure 23 Europe Baking Ingredients Market
Figure 24 Asia-Pacific Baking Ingredients Market
Figure 25 RoW: Baking Ingredients Market Size, By Region, 2015-2022 (USD Million)
Figure 26 Baking Ingredients Market: Dive Vendor Comparison
Figure 27 Baking Ingredients Market: Product Offerings
Figure 28 Baking Ingredients: Business Strategy
Figure 29 Dive Vendor Comparison: Criteria Weightage
Figure 30 Cargill: Company Snapshot
Figure 31 Cargill: Product Offering Scorecard
Figure 32 Cargill: Business Strategy Scorecard
Figure 33 Associated British Foods PLC: Company Snapshot
Figure 34 Associated British Foods PLC: Product Offering Scorecard
Figure 35 Associated British Foods PLC: Business Strategy Scorecard
Figure 36 Koninklijke DSM N.V.: Company Snapshot
Figure 37 Koninklijke DSM N.V: Product Offering Scorecard
Figure 38 Koninklijke DSM N.V: Business Strategy Scorecard
Figure 39 Kerry Group PLC: Company Snapshot
Figure 40 Kerry Group PLC: Product Offering Scorecard
Figure 41 Kerry Group PLC: Business Strategy Scorecard
Figure 42 AAK AB: Company Snapshot
Figure 43 AAK AB: Product Offering Scorecard
Figure 44 AAK AB: Business Strategy Scorecard
Figure 45 Tate & Lyle: Company Snapshot
Figure 46 Tate & Lyle: Product Offering Scorecard
Figure 47 Tate & Lyle: Business Strategy Scorecard
Figure 48 Lallemand Inc.: Product Offering Scorecard
Figure 49 Lallemand Inc.: Business Strategy Scorecard
Figure 50 Lesaffre: Product Offering Scorecard
Figure 51 Lesaffre: Business Strategy Scorecard
Figure 52 Archer Daniels Midland Company: Company Snapshot
Figure 53 Archer Daniels Midland Company: Product Offering Scorecard
Figure 54 Archer Daniels Midland Company: Business Strategy Scorecard
Figure 55 E.I. Du Pont Nemours and Company: Company Snapshot
Figure 56 E.I. Du Pont Nemours and Company: Product Offering Scorecard
Figure 57 E.I. Du Pont Nemours and Company: Business Strategy Scorecard
Figure 58 Taura Natural Ingredients Limited: Company Snapshot
Figure 59 Taura Natural Ingredients Limited: Product Offering Scorecard
Figure 60 Taura Natural Ingredients Limited: Business Strategy Scorecard
Figure 61 Dawn Food Products, Inc.: Product Offering Scorecard
Figure 62 Dawn Food Products, Inc.: Business Strategy Scorecard
Figure 63 Muntons PLC: Product Offering Scorecard
Figure 64 Muntons PLC: Business Strategy Scorecard
Figure 65 Corbion: Company Snapshot
Figure 66 Corbion: Product Offering Scorecard
Figure 67 Corbion: Business Strategy Scorecard
Figure 68 British Bakels: Product Offering Scorecard
Figure 69 British Bakels: Business Strategy Scorecard
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AAK AB
  • British Bakels
  • Cargill
  • Corbion
  • Dawn Food Products, Inc.
  • Kerry Group PLC
  • MORE

The baking ingredients market is projected to grow at a CAGR of 5.4% from 2017 to reach a projected value of USD 16.91 Billion by 2022. Market growth is driven by growing customer demand for healthier foods, convenience foods, and functional baked goods. The market is also driven by factors such as demand for gluten-free foods and innovative product developments for improved baking ingredients such as modified starch, enzymes, emulsifiers, baking powders & mixes that can be cost-effective as well as used in a wide range of baked items.

Based on the types of ingredients used, the baking ingredients market is led by the baking powders & mixes segment, followed by the oils, fats & shortenings segment, in terms of value. In terms of volume, the market was led by the starch segment. Baking ingredients are used on a large scale in regions where there is high per capita consumption of bread and other baked goods.

Among the varied applications for baking ingredients, such as bread, biscuits & cookies, cakes & pastries, rolls & pies, bread accounted for the largest market share, followed by cookies & biscuits and cakes & pastries. Bread is widely consumed in European countries and is being incorporated in regular diets in most developing Asian and Latin American countries as well.

Europe accounted for the largest market share for baking ingredients, followed by North America and Asia-Pacific. Ingredients such as baking powder, baking mixes, leavening agents, and enzymes are among the most widely used ingredients in Europe; high per capita consumption of bread was one of the major factors driving the baking ingredients market in this region. The Asia-Pacific region is projected to be the fastest-growing market with investments from several multinational manufacturers, especially in countries such as China, India, and Japan.

Adherence to international quality standards and government regulations for the usage and quantity of baking ingredients in food products poses a restraint for the baking ingredients market. Increasing awareness about the ill-effects of consumption of trans-fatty acids on health hinders the growth of the baking ingredients market.

The baking ingredients market is fragmented and competitive, with a large number of players operating at regional and local levels. The key players in the market adopted acquisitions & mergers, new product development, and expansion & investments as their preferred strategies. Prominent players such as Kerry Group plc (Ireland), Koninklijke DSM N.V. (the Netherlands), Corbion (the Netherlands), Associated British Foods (U.K.), and Cargill (U.S.) have been profiled in the report.

Note: Product cover images may vary from those shown
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  • AAK AB
  • Archer Daniels Midland Company
  • Associated British Foods PLC
  • British Bakels
  • Cargill
  • Corbion
  • Dawn Food Products, Inc.
  • E. I. Du Pont De Nemours and Company
  • Kerry Group PLC
  • Koninklijke DSM N.V.
  • Lallemand, Inc.
  • Lesaffre
  • Muntons PLC
  • Tate & Lyle
  • Taura Natural Ingredients Limited
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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