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Thursday 3 May 2018

Baking Ingredients Market Driven by Growing Demand for Pizzas, Pastries and Buns

Baking ingredients or items that are used in order to make baked goods. These ingredients are used not only for enhancing the look of the item but also give flavour and texture to these items. In the last few years the demand for a statically crafted baked items have increased manifolds and this has booster the consumption of baking ingredients. With baked items becoming an important part of the daily diet of many people, the demand for baking ingredients is rising. Evolving lifestyles, changing food habits, product innovation and increasing disposable income have led to an increase in the consumption of baked goods, convenience foods, and functional foods. With increasing busy lifestyles of people, there is a rise in the preference for eating Ready-to-Eat meals, convenient snacks such as wraps and sandwiches and this the demand for baking ingredients further. It is anticipated that the global baking ingredients market will be worth US$18.1 bn by 2024.


Growing Demand for Pizzas, Pastries, and Buns Boosting Growth of Baking Ingredients Market

One of the key factors boosting the growth of the global baking ingredients market is the rising spending capabilities of the youth today. This is helping them to increasingly afford pizzas, pastries, buns, pies, cupcakes, cakes and other big items. This will subsequently drive the growth of the global baked ingredients market. Today there is a high demand for nutritional and healthy ingredients in baked Foods including use of whole grains, zero trans fat, low sugar and low cholesterol. This demand for healthy ingredients comes from the fact that obesity and diabetes have become increasingly common among people across the globe today. Another important factor which bodes well for the growth of the baking ingredients Market is the shifting consumer preference from traditional home cooked meals to ready to eat in convenience Foods. The growing trend of adopting Western culture and lifestyle is also having a positive impact on the baking ingredients market.

Increasing Incidences of Diabetes and Obesity to Deter Consumption of Baked Items, Affecting Market

The rapid increase in the incidence of diabetes and obesity are making consumers wary of eating outside food such as pizzas, cakes, cupcakes, breads, pies, donuts, pastries, and cookies. Consumers are becoming health conscious and turning to healthier products such as old and other cereals. This is anticipated to pose a challenge to the growth of the global baking ingredients market. Rising health consciousness and awareness about consuming a balanced nutritional diet are compelling people to cook healthier meals at home. The market is also expected to be challenged by strengthen regulations and implementations of international quality standards.

Demand for Flavour and Colour Additives to Witness Rapid Increase in Future

In terms of type of baking ingredients, such as baking powder, East, baking soda, flour, flavour and colour additives, fats, and sweeteners, it is anticipated the flavour and colour additives what are Witness a rapid increase in demand. The demand for exotic & luxury baked products is anticipated to be behind the growth of the flavour and colour additives segment. In terms of geography, it is anticipated that Europe will lead in the global baking ingredients Market. However it is asia-pacific that will expand at the fastest pace on account of the rising adoption of Western lifestyle and culture by youngsters.


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