The global baking ingredients market is expected to reach USD 19.4 billion by 2025. The market is expected to witness a CAGR of 5.8% over the forecast period, owing to Increasing consumer preferences for wide variety of tastes is expected to be the key factor driving the growth of baking ingredients market. In addition, rise in food-away from home expenditures is also propelling market growth.
Baking ingredients are widely used in various end-use segments such as bread, cookies, biscuits, cakes, pastries, rolls, pies, tarts and cupcakes. The baking ingredients market is mainly driven by the demand from the bread end-use segment, as it is the staple food in developed countries and affordable to many price sensitive consumers in emerging economies. In countries like China and India, bread is replacing many traditional breakfast and snack items.
Increase in away from home food expenditures is leading to the increase in the number of retail outlets, in-store bakeries, convenience stores, artisan bakeries, and coffee shops providing various baked good with innovative flavors. In addition, increasing urbanization and improving economic conditions in transition economies is also having a cumulative effect on the overall market.
- Aryzta AG
- Associated British Foods Plc
- Bread Talk Co. Ltd
- Britannia Industries Ltd.
- Finsbury Food Group
- Flowers Foods Inc
- General Mills Inc.
- George Weston Ltd.
- Goodman Fielder.
- Grupo Bimbo S.A.B. de C.V.
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Baking Ingredients Market Variables, Trends, and Scope
Chapter 4 Baking Ingredients Market: Product Type Estimates & Trend Analysis
Chapter 5 Baking Ingredients Market: End-Use Estimates & Trend Analysis
Chapter 6 Baking Ingredients Market: Regional Estimates & Trend Analysis, by Product, by End-use
Chapter 7 Competitive Landscape
Chapter 8 Company Profiles
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