Baking ingredients form a vital component of confectionery products such as cakes and bread, the most popular bakery products across the globe. They are used in the preparation of bakery items that form a part of the daily diet in the western economies.
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According to the detailed report titled, "Bakery Ingredients Industry- Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025", the global bakery ingredients industry is projected to grow at a considerable CAGR during the forecast period, 2017-2025.
Bakery products are widely preferred as they save time.
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Drivers & Restraints:
The report provides a deep insight of the key market factors that contribute to the growth or failure of the market. The rapid growth of the bakery ingredients market can be attributed to the surge in demand for convenience food.
Rapid urbanization has resulted in improved standards of living and a rise in the disposable income of the working class, thus leading to a shift in preferences towards healthy and branded food products. The market has witnessed an increasing demand for bakery products that have low trans-fat and are gluten-free.
Food items with important grain, nutrition, and low sugar content have found widespread acceptance owing to the growing health concerns. The growth of the ready-to-eat and packaged food product market drives the overall development of the global bakery ingredients market.
However, the stringent policies imposed by the regulatory bodies and the government with an aim to provide products adhering to high-quality standards restrict the rapid expansion of the global bakery ingredients industry. In addition to the regulations, the growing health issues caused due to the consumption of trans fatty acids limit the market's growth.
The rise in the demand for frozen bakery products is anticipated to provide better opportunities for the market players to expand their reach in the global bakery ingredients industry.
The global bakery ingredients market is segmented based on the type, application, and the geography. The types of ingredients include enzymes, emulsifiers, colors & flavors, leaving agents, baking powder & mixes, oils, fats & shortening, starch, and others.
These ingredients find several applications such as in rolls & pies, bread, cakes & pastries, and cookies & biscuits among others. Based on the geography, the report analyzes the market across four major regions- Europe, North America, Asia-Pacific, and LAMEA.
The global bakery ingredients market share analysis for the period 2014–2025 is carried out for each of the aforesaid market segments. The industry overview provides a better understanding of the nature of the market and assists in identifying the prevailing growth opportunities.
The bakery ingredients market forecast (2017-2025) is based on the past trends observed in the market and assists in formulating business strategies to gain maximum returns during the forecast period.
Leading players in the bakery ingredients market include Cargill, Archer Daniels Midland Company, Barry Callebaut, Kerry Group PLC, Associated British Foods PLC, E. I. Du Pont De Nemours and Company Koninklijke DSM N.V, AAK AB, Masson Group Company Limited, and Tate & Lyle PLC.
Information such as the company overview, financials, and business segments, and the recent developments made by the profiled players in the industry assist the entry-level organizations to gauge the level of competition and devise winning business strategies to account for the maximum bakery ingredients market size.
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Key Benefits of the report:
The bakery ingredients industry report presents a comprehensive study of the global market for the analysis period 2014–2025. It provides an in-depth analysis of the market and outlines the key driving factors, restraints, opportunities in terms of growth and profitability, and the challenges faced by the leading players in the bakery ingredients market.
Porter's Five Forces Model analyzes the influence of several factors on the dynamics of the market. The factors include bargaining power of suppliers and buyers, competitive rivalry between the market players, and the threat of new entrants and substitute products.
Quantitative and qualitative analysis of the bakery ingredients market highlights the current and emerging trends and evaluates the attractiveness and potential of the market.
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