According to the report Europe Bakery Ingredients Market, published by Market Data Forecast, The Market was worth $4.04 billion in 2016 and estimated to be growing at a CAGR of 5.26%, to reach $5.21 billion by 2021.
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Bakery ingredients such as baking powder, butter, baking soda, flour, eggs, fruits, nuts, honey, flavour enhancers and colour additives are used in the bakery products to improve their overall product quality, to save time and for longevity.
Bakery Ingredients are accessible in an extensive variety and inclinations vary from one region to another. Easy access of international data and exposure of several bakery products has augmented the demand for bakery ingredients.
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Some of the most normally found bakery ingredients are baking powder, butter, baking soda, flour, eggs, fruits, nuts, honey, flavour enhancers and colour additives.
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The growth of the Europe Bakery Ingredients market is majorly driven by factors such as rise in demand for bakery ingredients, and shifting lifestyles which leave little to no time to cook meals. The key restraint of the market is the high sugar and carb levels in the baked products which lead to health problems.
The diabetic epidemic is a key heath issue throughout the world and it has been escalating, especially in middle income families, who are the chief consumers of bakery products.
Europe Bakery Ingredients Market: Segmentation
- Cookies & Biscuits
- Cakes & Pastries
- Rolls & Pies
- Other Applications
- Baking Powder & Mixes
- Colours & Flavours
- Oils & Shortenings
- Leavening Agents
- Mould Inhibitors
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The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. Europe is the largest market for Bakery Ingredients due to the high rate of production and intake of baked food items.
People in Europe have become mindful towards content in the food products and inspect the ingredients being utilised by companies. This high-level of cognizance has led to the demand for low-calorie, and low-fat food in this region.
As bakery products are linked with obesity, gastrointestinal ailments, and diabetes, companies are financing to create several nutritional, fat-free products, thereby driving the market in this region.
This industry is extremely influenced by the macro-economic state of an economy, as the intake of fancy bakery products drop sharply due to economic slumps. Also, the industry is exceedingly competitive in nature, and continuous innovation of products is absolutely essential to withstand the market.
The major companies dominating the Bakery Ingredients market in this region are Cargill Inc., Kerry Group, Associated British Foods, DSM, DuPont, Dawn Foods Ltd., Taura Natural Ingredients Limited, Muntons PLC, Corbion N.V. and British Bakels Limited.
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Reasons to access Europe Bakery Ingredients Market Report:
- Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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