DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Bakery Ingredients Market - Growth, Trends and Forecasts (2015-2020)" report to their offering.
The Global Bakery Ingredients Market was estimated at USD 9,386 million in 2014 and is expected to grow at a CAGR of 5.1% in the forecast period 2015-2020. It witnesses a high consumption rate in the categories of cakes, pastries, pies, scones, bread, biscuits, and cereals in the developed markets of North America and Western Europe. The growing demand for healthier and innovative products & ingredients are driving the growth of this market in the emerging markets of Asia, Latin America, and Middle-East & Africa.
There is a growing consumer demand for nutritional content in baked foods with low sugar, whole grain, and zero Trans-fat per serving. Increasing obesity rates and aging population have put the usage of healthy ingredients in the U.S. on a national front. The shift in the conventional home cooked food to convenience foods has also increased the demand of these bakery ingredients in the emerging markets.
Adoption of westernized lifestyle, double income families, emphasis on healthier lifestyles, greater nutrition awareness, and increase in disposable income are the major factors that are responsible for the growth in baked foods industry, which in turn will drive the demand for the bakery ingredients manufacturers.
The leading players of this market are Cargill Inc, DSM, Associated British Foods, Kerry group, and DuPont. They have been focusing on mergers and acquisitions to grow in the global bakery ingredients market.
2. Research Approach & Methodology
3. Market Dynamics
4. Market Segmentation
5. Competitive Landscape
6. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/f4vnp9/global_bakery