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Bakery Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global bakery ingredients market reached a value of US$ 14.8 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor. 

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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global bakery ingredients market, along with forecasts at the global and regional level from 2021-2026. Our report has categorized the market based on product type, application and end use sector.

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.

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.

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.

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Product Type, Application, End Use Sector, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered 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 and Puratos Group
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 2999
Corporate License: US$ 3999
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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    Impact Of COVID-19
    5.4    Market Breakup by Product Type
    5.5    Market Breakup by Application
    5.6    Market Breakup by End Use Sector
    5.7    Market Breakup by Region
    5.8    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    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$), 2015-2020
Figure 3: Global: Bakery Ingredients Market: Breakup by Product Type (in %), 2020
Figure 4: Global: Bakery Ingredients Market: Breakup by Application (in %), 2020
Figure 5: Global: Bakery Ingredients Market: Breakup by End Use Sector (in %), 2020
Figure 6: Global: Bakery Ingredients Market: Breakup by Region (in %), 2020
Figure 7: Global: Bakery Ingredients Market Forecast: Sales Value (in Billion US$), 2021-2026
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$), 2015 & 2020
Figure 12: Global: Bakery Ingredients (Emulsifiers) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Bakery Ingredients (Leavening Agents) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Bakery Ingredients (Leavening Agents) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Bakery Ingredients (Enzymes) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Bakery Ingredients (Enzymes) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Bakery Ingredients (Baking Powder & Mixes) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Bakery Ingredients (Baking Powder & Mixes) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Bakery Ingredients (Oils, Fats, and Shortenings) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Bakery Ingredients (Oils, Fats, and Shortenings) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Bakery Ingredients (Colors & Flavors) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Bakery Ingredients (Colors & Flavors) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Bakery Ingredients (Starch) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Bakery Ingredients (Starch) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Bakery Ingredients (Other Product Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Bakery Ingredients (Other Product Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Bakery Ingredients (Breads) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Bakery Ingredients (Breads) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Bakery Ingredients (Cookies & Biscuits) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Bakery Ingredients (Cookies & Biscuits) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Bakery Ingredients (Rolls & Pies) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Bakery Ingredients (Rolls & Pies) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Bakery Ingredients (Cakes & Pastries) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Global: Bakery Ingredients (Cakes & Pastries) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Global: Bakery Ingredients (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Global: Bakery Ingredients (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Global: Bakery Ingredients (Industrial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Global: Bakery Ingredients (Industrial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Global: Bakery Ingredients (Foodservice) Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Global: Bakery Ingredients (Foodservice) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Global: Bakery Ingredients (Retail) Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Global: Bakery Ingredients (Retail) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: North America: Bakery Ingredients Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: North America: Bakery Ingredients Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Europe: Bakery Ingredients Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Europe: Bakery Ingredients Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Asia Pacific: Bakery Ingredients Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Asia Pacific: Bakery Ingredients Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Middle East and Africa: Bakery Ingredients Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Middle East and Africa: Bakery Ingredients Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Latin America: Bakery Ingredients Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Latin America: Bakery Ingredients Market Forecast: Sales Value (in Million US$), 2021-2026

List of Tables

Table 1: Global: Bakery Ingredients Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Bakery Ingredients Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: Global: Bakery Ingredients Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 4: Global: Bakery Ingredients Market Forecast: Breakup by End Use Sector (in Million US$), 2021-2026
Table 5: Global: Bakery Ingredients Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Bakery Ingredients Market: Competitive Structure
Table 7: Global: Bakery Ingredients Market: Key Players

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Key Question Answered in this Report

The global bakery ingredients market was valued at US$ 14.8 Billion in 2020.

We expect the global bakery ingredients market to grow at a CAGR of around 5% during 2021-2026.

The rising demand for ready-to-cook and convenience food products represents one of the key factors driving the global bakery ingredients market. 

Sudden outbreak of the COVID-19 pandemic has led to the growing online sales of bakery ingredients due to the increasing adoption of Bake-at-Home trend for preparing cakes, pastries, cookies, etc., during the lockdown scenario.

Based on the product type, the global bakery ingredients market has been bifurcated into emulsifiers, leavening agents, enzymes, baking powder and mixes, oils, fats and shortenings, colors and flavorings, starch, and others. Currently, baking powder and mixes hold the majority of the total market share. 

Based on the application, the global bakery ingredients market can be divided into breads, cookies and biscuits, rolls and pies, cakes and pastries, and others. Among these, breads represent the largest segment.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Europe currently dominates the global market. 

Some of the major players in the global bakery ingredients market include 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, Puratos Group, etc.

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