The global bakery ingredients market was worth US$ 14.3 Billion in 2019. Bakery ingredients refer to food products that are used to improve and maintain the freshness, aroma, taste and shelf-life of baked food products. These ingredients are usually available in the form of emulsifiers, fats, shortenings, blends, colors, flavors, etc., which are used for the preparation of a wide range of bakery and confectionary products such as bread, biscuits, pies, cakes, pastries, etc. The choice of these ingredients and their compositions determine the texture and flavor of the baked product. They also enhance the nutritional content of the product as they are rich in various amino acids, vitamins, carbohydrates and fats. Bakery ingredients find wide applications in the food processing industry as they are readily available, are extremely convenient to use and blend well with other food ingredients.
The increasing demand for convenience food products is one of the key factors driving the growth of the market. Owing to the hectic schedules and changing dietary habits, there has been a rise in the consumption of bakery products across the globe. Furthermore, rising nutritional awareness among consumers and the availability of organic ingredients have further favored the market growth. Fueled by the thriving tourism and hospitality industry, there is a growing product demand for bakery ingredients from various fast food restaurants, bakeries and hotels. Also, the rising trend of social gatherings, corporate parties and related special and festive occasions has led to an increased demand for cakes and pastries. Other factors, including the use of attractive packaging and various product innovations, such as the development of emulsifiers that offer high-fat stability, water and oil holding capacity and longer shelf-life, are also contributing to the market growth. Looking forward, IMARC Group expects the market to reach a value of US$ 18.3 Billion by 2025, registering a CAGR of 4.2% during 2020-2025.
Report Coverage:
Historical, Current and Future Market Trends
Market Breakup by Product Type:
- Emulsifiers
- Leavening Agents
- Enzymes
- Baking Powder & Mixes
- Oils, Fats, and Shortenings
- Colors & Flavors
- Starch
- Others
Based on the product type, the market has been segmented as emulsifiers, leavening agents, enzymes, baking powder and mixes, oils, fats and shortenings, colors and flavorings, starch, and others. Amongst these, baking powder and mixes are the most widely used ingredients.
Market Breakup by Application:
- Breads
- Cookies & Biscuits
- Rolls & Pies
- Cakes & Pastries
- Others
On the basis of the application, the market has been segregated into bread, cookies and biscuits, rolls and pies, cakes and pastries, and others. Currently, most of the ingredients are used for producing bread.
Market Breakup by End Use Sector:
- Industrial
- Foodservice
- Retail
The report has analyzed the market according to the end use sector, which mainly includes industrial, foodservice and retail sectors.
Market Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
On a regional basis, Europe represents the largest market for bakery ingredients as baked goods are considered staple food in the region. Furthermore, there has been a rise in the demand for wholegrain, additive-free, gluten-free and ancient grain products, which has enabled manufacturers to use different ingredients in the production process. Other major regions include North America, Asia Pacific, Middle East and Africa, and Latin America.
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Cargill, Koninklijke DSM N.V., Kerry Group, Südzucker, AAK AB, Associated British Foods, Lesaffre, Tate & Lyle, Archer Daniels Midland Company, Ingredion Incorporated, Corbion, IFFCO Ingredients Solution, Taura Natural Ingredients, Dawn Foods, Muntons, British Bakels, Lallemand, Novozymes, Taura Natural Ingredients, Puratos Group, etc.
Key Questions Answered in This Report
The global bakery ingredients market size reached US$ 14.3 Billion in 2019.
One of the trends that have emerged owing to COVID-19 is home baking, which has boosted the sales of bakery ingredients. Moreover, retail bakeries are also witnessing stable business during the pandemic, which has helped maintain the market growth.
The global bakery ingredients market will primarily be driven by the increasing demand for convenience food products across the globe.
The major trends in the market include product innovations, such as the inclusion of emulsifiers in bakery ingredients, owing to their high-fat stability, and the utilization of attractive packaging solutions to attract a diverse consumer base.
At present, baking powder and mixes represent the most widely used ingredients in the market.
The major bakery ingredients key players are Cargill, Inc., Koninklijke DSM N.V., Kerry Group, Südzucker, AAK AB, Associated British Foods, Lesaffre, Tate & Lyle, Archer Daniels Midland Company, Ingredion Incorporated, Corbion, IFFCO Ingredients Solution, Taura Natural Ingredients, Dawn Foods, Muntons, British Bakels, Lallemand, Novozymes, Taura Natural Ingredients, and Puratos Group.
Based on the region, Europe represents the largest market for bakery ingredients globally.
Currently, bakery ingredients are mostly used for the production of bread.
During 2020-2025, the global bakery ingredients market is projected to exhibit a CAGR of 4.2%.
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Bakery Ingredients Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Product Type
5.4 Market Breakup by Application
5.5 Market Breakup by End Use Sector
5.6 Market Breakup by Region
5.7 Market Forecast
6 Market Breakup by Product Type
6.1 Emulsifiers
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Leavening Agents
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Enzymes
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Baking Powder & Mixes
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Oils, Fats, and Shortenings
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Colors & Flavors
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Starch
6.7.1 Market Trends
6.7.2 Market Forecast
6.8 Others
6.8.1 Market Trends
6.8.2 Market Forecast
7 Market Breakup by Application
7.1 Breads
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Cookies & Biscuits
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Rolls & Pies
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Cakes & Pastries
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by End Use Sector
8.1 Industrial
8.1.1 77 Market Trends
8.1.2 Market Forecast
8.2 Foodservice
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Retail
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Europe
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Asia Pacific
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porter’s Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Cargill
14.3.2 Koninklijke DSM N.V.
14.3.3 Kerry Group
14.3.4 Südzucker
14.3.5 AAK AB
14.3.6 Associated British Foods
14.3.7 Lesaffre
14.3.8 Tate & Lyle
14.3.9 Archer Daniels Midland Company
14.3.10 Ingredion Incorporated
14.3.11 Corbion
14.3.12 IFFCO Ingredients Solution
14.3.13 Taura Natural Ingredients
14.3.14 Dawn Foods
14.3.15 Muntons
14.3.16 British Bakels
14.3.17 Lallemand
14.3.18 Novozymes
14.3.19 Taura Natural Ingredients
14.3.20 Puratos Group
List of Figures
Figure 1: Global: Bakery Ingredients Market: Major Drivers and Challenges
Figure 2: Global: Bakery Ingredients Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Bakery Ingredients Market: Breakup by Product Type (in %), 2019
Figure 4: Global: Bakery Ingredients Market: Breakup by Application (in %), 2019
Figure 5: Global: Bakery Ingredients Market: Breakup by End Use Sector (in %), 2019
Figure 6: Global: Bakery Ingredients Market: Breakup by Region (in %), 2019
Figure 7: Global: Bakery Ingredients Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 8: Global: Bakery Ingredients Industry: SWOT Analysis
Figure 9: Global: Bakery Ingredients Industry: Value Chain Analysis
Figure 10: Global: Bakery Ingredients Industry: Porter’s Five Forces Analysis
Figure 11: Global: Bakery Ingredients (Emulsifiers) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: Global: Bakery Ingredients (Emulsifiers) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Global: Bakery Ingredients (Leavening Agents) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Global: Bakery Ingredients (Leavening Agents) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Bakery Ingredients (Enzymes) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Bakery Ingredients (Enzymes) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Bakery Ingredients (Baking Powder & Mixes) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Bakery Ingredients (Baking Powder & Mixes) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Bakery Ingredients (Oils, Fats, and Shortenings) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Bakery Ingredients (Oils, Fats, and Shortenings) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Bakery Ingredients (Colors & Flavors) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Bakery Ingredients (Colors & Flavors) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Global: Bakery Ingredients (Starch) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Global: Bakery Ingredients (Starch) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Global: Bakery Ingredients (Other Product Types) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Global: Bakery Ingredients (Other Product Types) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Global: Bakery Ingredients (Breads) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Global: Bakery Ingredients (Breads) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Global: Bakery Ingredients (Cookies & Biscuits) Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Global: Bakery Ingredients (Cookies & Biscuits) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: Global: Bakery Ingredients (Rolls & Pies) Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: Global: Bakery Ingredients (Rolls & Pies) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Global: Bakery Ingredients (Cakes & Pastries) Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Global: Bakery Ingredients (Cakes & Pastries) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: Global: Bakery Ingredients (Other Applications) Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: Global: Bakery Ingredients (Other Applications) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: Global: Bakery Ingredients (Industrial) Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: Global: Bakery Ingredients (Industrial) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: Global: Bakery Ingredients (Foodservice) Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: Global: Bakery Ingredients (Foodservice) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: Global: Bakery Ingredients (Retail) Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: Global: Bakery Ingredients (Retail) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 43: North America: Bakery Ingredients Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: North America: Bakery Ingredients Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: Europe: Bakery Ingredients Market: Sales Value (in Million US$), 2014 & 2019
Figure 46: Europe: Bakery Ingredients Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 47: Asia Pacific: Bakery Ingredients Market: Sales Value (in Million US$), 2014 & 2019
Figure 48: Asia Pacific: Bakery Ingredients Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 49: Middle East and Africa: Bakery Ingredients Market: Sales Value (in Million US$), 2014 & 2019
Figure 50: Middle East and Africa: Bakery Ingredients Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 51: Latin America: Bakery Ingredients Market: Sales Value (in Million US$), 2014 & 2019
Figure 52: Latin America: Bakery Ingredients Market Forecast: Sales Value (in Million US$), 2020-2025
List of Tables
Table 1: Global: Bakery Ingredients Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Bakery Ingredients Market Forecast: Breakup by Product Type (in Million US$), 2020-2025
Table 3: Global: Bakery Ingredients Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 4: Global: Bakery Ingredients Market Forecast: Breakup by End Use Sector (in Million US$), 2020-2025
Table 5: Global: Bakery Ingredients Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 6: Global: Bakery Ingredients Market Structure
Table 7: Global: Bakery Ingredients Market: Key Players