Growing Demand For Low Trans Fat Products And Changing Culture In Developing Nations Spurs The Growth Of The Baking Ingredients Market.
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According to MarketIntelReports' “Global Baking Ingredients Market Research Report 2017”:
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Baking ingredients are described as food products which can maintain the freshness, softness, improve the protein content, and improve the shelf life of the of the baked items. They are available in different varieties in the Baking Ingredients Market.
The choice of the baking items has an impact on the flavor and texture of the baked product. Breads and biscuits which are more in demand provide opportunities for the players in the coming years.
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Growing urbanisation and economic conditions also enhance the market growth. The demand for ready to eat food has a positive impact on the baking essentials.
Scope & Regional Forecast of the Baking Ingredients Market
The growing demand for the bread ingredients will boost the Baking Ingredients Market during the forecast period. Bread is the staple food in developing economies and is available to many consumers due to its low price.
Bread has replaced snack items and traditional breakfast in the countries like China and India. This is an asset for the market.
Enzymes and emulsifiers are the fastest growing ingredients in terms of revenue. They have a positive influence on the baking necessities and expand the growth of the packaged food industry.
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Change in the culture in the growing nations along with the demand for the low trans fat products enhance the growth of ingredients used in baking. Stringent regulations can hamper the market growth.
Frozen bakery products have a lot of potential with players trying hard to reduce costs. This will spur the growth of the cake mix recipes.
In 2016, the industrial segment dominated the market. This is due to the baking ingredients used in beverages, convenience meals, and ready to eat products.
Segmentations & Key Players Involved in the Baking Ingredients Market
The Baking Ingredients Market can be broken down into various segments as follows:
- Product- Flavor and Flavor Enhancers, Sweeteners, Colorants, Emulsifiers, enzymes, Yeast, Baking Powder, Fat Replacers.
- Application- Food Industry, Dairy, Other.
- Region- North America, Europe, China, Japan, Southeast Asia, India.
Some of the key players involved in the Baking Ingredients Market are as follows:
- Archer Daniels Midland
- Associated British Foods
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