Asia Pacific Bakery Ingredients Market is projected to reach $3.69 billion by 2021 | Market Data Forecast
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According to the report Asia-Pacific Bakery Ingredients Market, published by Market Data Forecast, The Market was worth $2.79 billion in 2016 and estimated to be growing at a CAGR of 5.75%, to reach $3.69 billion by 2021.
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. For instance, in bread making yeast is a vital ingredient whose gas produced should be kept within the dough for enhanced results.
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Bakery Ingredients are accessible in an extensive variety and inclinations vary from one region to another.
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Easy access of international data and exposure of several bakery products has augmented the demand for bakery ingredients. Bakery Ingredients have numerous benefits like comfortable to use, easy to combine and ready accessibility.
The growth of the Asia-Pacific Bakery Ingredients market is majorly driven by factors such as rising standards of living, growing disposable income, adoption of westernized lifestyles and shortage of time to make home cooked meals or breakfast. The companies are focusing on innovation in sweeteners, Emulsifiers, starches, and preservatives to meet the user demand for low trans fats and gluten free foods, without altering their quality, and taste.
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Asia-Pacific Bakery Ingredients Market: Segmentation
- Cookies & Biscuits
- Cakes & Pastries
- Rolls & Pies
- Other Applications
- Baking Powder & Mixes
- Colours & Flavours
- Oils & Shortenings
- Leavening Agents
- Mould Inhibitors
The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. Breads and cakes are the basic food components of the western society, but their impact is very small in this region.
The annual per capita intake of baked food in these regions is more than twenty-five times the intake in the Asia-Pacific region. However, this market is projected to grow exponentially, with India and China clocking double digit growth rates in this market recently, as the population factor plays a crucial role in driving the market in this region.
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Reasons to access Asia-Pacific 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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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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