DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Baking Ingredients Market by Type, Application, and Region - Forecast to 2022" report to their offering.
The baking ingredients market is estimated at USD 13.03 billion in 2017 and is projected to grow at a CAGR of 5.4% to reach USD 16.91 billion by 2022. The market is driven by factors such as rising per capita consumption of baked goods and development of innovative baking ingredients that are cost-effective as well as beneficial for heath. The high growth potential in emerging markets and untapped regions provide new growth opportunities for market players.
It is observed that there are no clear universal guidelines regarding the usage of individual ingredients in the end products. These ingredients and various mixtures of compounds are subjected to rigorous health and safety checks as per the region they are used in. Additionally, excess usage of trans-fatty acids poses health issues and is hence strictly regulated in various regions.
Increasing demand for convenience foods, functional foods, and baked goods, coupled with the constantly changing lifestyles, has increased the demand for baked products in China and other developing Asian economies. With a rise in disposable income and inclination towards western eating habits, several users are willing to spend on new innovative baked products and incorporate baked items such as bread and rolls in their daily diets.
The U.S. was the largest country-level market for baking ingredients, whereas the market in China is expected to grow at the highest CAGR of 7.0%, in terms of value.
- AAK AB
- Archer Daniels Midland Company
- Associated British Foods PLC
- British Bakels
- Dawn Food Products, Inc.
- E. I. Du Pont De Nemours and Company
- Kerry Group PLC
- Koninklijke DSM N.V.
- Lallemand, Inc.
- Muntons PLC
- Tate & Lyle
Taura Natural Ingredients Limited
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Baking Ingredients Market, By Type
7 Baking Ingredients Market, By Application
8 Brand Overview
9 Baking Ingredients Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/b9blhc/baking