Baking Ingredients Market: Growing Demand for Convenience & Packaged Foods to Drive the Market Growth

Baking ingredients are used in products such as buns, rolls & pies, cakes & pastries, biscuits & cookies, and bread. Baking ingredients are used in bakery items to improve the overall product quality and enhance the shelf life of the product. A good quality baking ingredient helps in retaining softness and taste of the baked product.

Growing Demand for Convenience & Packaged Foods to Drive the Market Growth

Demand for packaged and convenience food is on the rise, owing to improvement in living standards, and economic conditions in developing as well as developed economies. Growing need of leisure, hectic lifestyles, and time constraints have led consumers towards adoption of convenience and packaged foods. This has spurred demand for bakery products including pastries, cakes, pizza, and bread, thereby driving demand for baking ingredients.

Surge in away-from-home food expenditure has resulted into an increase in number of retail outlets, convenience stores, coffee shops, in-store bakeries, and artisan bakeries, which provide a variety of innovative baked food products. Conventional home-cooked food is being replaced by ready-to-eat baked food, especially in developed countries such as North America and Europe, where individuals prefer pocket sandwiches, rolls, and wraps over time consuming food owing to their busy lifestyle. These factors might impact growth of the global baking ingredients market.

Demand for Organic Baking Ingredients - A Major Trend

With an aim of helping end-users save time in cooking, several vendors in the market have developed long-life pre-packaged food products, bake-off products, freshly finished products, and ready-to-use part-baked pre-packed bakery products such as donuts and tortillas. Leading market players are making investments in different projects via research and development, in a bid to develop innovative products, and widen their consumer base. A major trend being observed in the market is soaring demand for organic baking ingredients, which is expected to gain higher traction in the near future. This can be mainly attributed to growth in health-conscious population, and rising awareness about benefits of organic baking ingredients such as sweeteners, oils, and natural flavors. The global market for baking ingredients is highly fragmented, with the presence of many small and large vendors. Competing on factors including distribution, service, reputation, innovation, price, and quality, vendors in the market are focusing on service offerings and product differentiation for gaining a competitive edge.

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Persistence Market Research (PMR), in its new study, has estimated a steady expansion for the global baking ingredients market during the forecast period 2017 to 2022. The market is expected to exceed revenues worth US$ 16,000 Mn by 2022-end.

Emulsifiers to Remain Sought-after among Products in the Market

Emulsifiers are expected to remain sought-after among products in the global baking ingredients market, with sales projected to surpass US$ 4,000 Mn in revenues by 2022-end. This is mainly because of several positive influences related to emulsifiers in baking procedure such as reduced production cost, enhanced fermentation activity, extended shelf-life, and improvement in dough stability.

Biscuits and cookies are expected to be the fastest growing application of baking ingredients, accounting for over one-fourth share of the market in 2017. Sales of biscuits & cookies are expected to create an absolute $ opportunity of over US$ 1,000 Mn between 2017 and 2022. Sales of baking ingredients for application in bunds are expected to exhibit the lowest CAGR through 2022.

North America is expected to remain the most lucrative market for baking ingredients, and is projected to witness the fastest expansion through 2022. Increasing demand for packaged foods and convenience foods, along with rising health-conscious population are factors influencing growth of the market in North America.

Company Profiles

PMR’s report has mentioned key players in the global baking ingredients market that include Archer Daniels Midland Company, Associated British Foods Plc., Cargill Inc., E. I. du Pont de Nemours and Co., BASF SE, Kerry Group Plc., Ajinomoto Corporation Inc., Bakels, Dawn Food Products, AngelYeast Co., Ltd., Döhler GmbH, Ingredion Incorporated, Lonza Group AG, Chr. Hansen Holding A/S, and Lallemand Inc.

Global Baking Ingredients Market: Ever-changing Food Habits of Consumers to Influence Growth, says TMR

As per a new report by Transparency Market Research (TMR), the global market for baking ingredients is highly influence by the ever-changing food habits of consumers around the world. The research study, titled “Baking Ingredients Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013–2019,” offers an unbiased assessment of this market on the basis of the key trends, opportunities, and growth prospects. The growing consumption of baked food is fueling the demand for baking ingredients significantly across the world, notes the study.

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On the flip side, the implementation of strict regulations, internationally, regarding the quality standard of baking ingredient products, is likely to reflect negatively on the sale of these ingredients in the years to come. The ambiguity over trans-fatty acids content and its effect on health conditions is also expected to hamper the usage of baking ingredients, globally, over the next few years. However, the growing influence of the western culture, where baked food, such as bread and cakes, is an important part of consumers’ daily diet, on developing economies in Asia Pacific and the Rest of the World is projected to offer growth opportunities to market players in the near future, states the research report.

In this research report, the global market for baking ingredients has been studied on the basis of the type of product, application, and the geography. Based on the type of product, the market has been classified into leavening agents, oils, fats and shortenings, colors and flavors, emulsifiers, baking powder and mixes, enzymes, and starch. Baking powder and mixes have been witnessing a strong demand from consumers across the world.

Based on application, the global market for baking ingredients has been categorized into cakes and pastries, rolls and pies, cookies and biscuits, and bread. Among these, breads, due to their high consumption, register a greater demand for baking ingredients.

Geographically, the report segments the market into North America, Europe, Asia Pacific, and the Rest of the World. Owing to the high demand for baked food in western nations, North America and Europe have acquired the leading position in this market.

Analysts have also examined the competitive landscape of the global market for baking ingredients in this research study. Using SWOT analysis and other analytical tools, they have also determined the current hierarchy of this market. As per the report, Corbion N.V., Kerry Group Plc, Aarhuskarlshamn (AAK), Taura Natural Ingredients Ltd., Associated British Foods Plc, Royal DSM N.V., Dawn Food Products Inc., British Bakels Ltd., Cargill Inc., and Muntons Plc are the leading producers of baking ingredients across the world

Growing Demand for Convenience Food Products to Augment Sales of Bakery Ingredients Globally, says TMR

The development of new bakery products and techniques is likely to impel manufacturers of baking ingredients to introduce innovative products, states Transparency Market Research in a new report. The report is titled “Baking Ingredients Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019.”

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The report presents an in-depth analysis of the present market state, historical growth trajectory, and future growth prospects of the global baking ingredients market. The study also enunciates the trends in the global baking ingredients market considering all important elements at play until the end of the forecast period.

The report provides the market value and volume as well as opportunities in the key segments along with the strategies, shares, and products offered by companies operating in the global baking ingredients market. The study analyzes the strengths, weaknesses, opportunities, and threats prevailing in the global baking ingredients market along with the Porter’s five forces analysis to gain insights on the level of competition among the existing players and new entrants.

The report states that baking ingredients are not industry specific as they also have numerous domestic markets distributed across the world. Owing to the changing dimension of the baking industry as a whole, the global baking ingredients market is likely to witness substantial growth in the coming years. The global baking ingredients market is primarily driven by culture-specific food habits and taste preferences. The rising consumption of fancy bakery food products in developing countries and growing income of middle-class population are factors that are expected to drive the demand for baking ingredients in the coming years. Moreover, the burgeoning consumption of convenience food is likely to further boost the sales of baking ingredients globally.

Due to globalization, there has been a significant change in food preferences, although the chances of a complete alteration in staple food consumption are low. This, in turn, is likely to affect the consumption of bakery ingredients in Asian countries. However, the population in Asian countries is likely to play a key role in driving the growth of the baking ingredients market in the region.

The study also states that the global baking ingredients industry is prone to macro-economic changes in an economy. As a result of economic downturn, the consumption of fancy bakery products declines substantially. Stringent regulations regarding food quality imposed by governments across the world are anticipated to challenge the growth of the global baking ingredients market. Economic losses incurred due to damage of bakery products is another factor inhibiting the demand for bakery ingredients, mainly among households across the world.

The report geographically segments the global bakery ingredients market into North America, Asia Pacific, Europe, and Rest of World. North America and Europe are projected to emerge as key regions in terms of consumption of bakery ingredients until 2019. The leading companies in the global baking ingredients market are Muntons Plc., Dawn Foods Ltd., CSM, British Bakels Ltd., AAK UK, and Taura. 

Baking Ingredients Market : An Insight On the Important Factors & Trends Influencing the Market

The first evidence of baking dates back to the Babylonian era, and Man has come a long way since then. New products as well as techniques of baking have been developed. However, the main ingredients have remained more or less the same. Baking ingredients include baking powder, baking soda, flour, butter, eggs, yeasts, honey, fruits, nuts, and several flavor and color additives. Baked products come in a wide variety, and the consumption trends depend on the preference of the local population. General bakery products include biscuits, cookies, breads, cakes, pastries, pies, torts, donuts, and chalets. Baking ingredients are not just industry specific, but also have many domestic markets scattered around the world.

The growth in the bakery ingredients market is directly related to the changing dimensions of the baking industry as a whole. Breads and cakes are the staple food of the western culture, and not as much relevant in Asia-Pacific. The annual per capita consumption of baked food in these geographies is more than twenty-five times the consumption in the Asia-Pacific region. The bakery market is matured in these countries, but it is expected to grow exponentially in the Asia-Pacific region. India and China have clocked double digit growths in this market recently, and even if the consumption per capita is not set to match the western standards, the population is a key factor for the estimated increase in the market for baking ingredients here.

This industry is driven by culture and taste-buds. Even though the diffusion of a common or similar global food habit has occurred due to globalization, staple food consumption is unlikely to alter substantially in any culture. The key markets of the U.S. and Europe are not going to dissipate, although there is a high chance of growth in the Asia-Pacific region where the food culture is gradually changing. Changing lifestyles, better distribution channels, and progress in science and technology has driven the growth of this industry.

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This industry is highly affected by the macro-economic situation of an economy, as the consumption of fancy bakery products decline sharply due to economic downturns. Also, the industry is highly competitive in nature, and constant innovation of products is absolutely necessary to sustain in the market. A large number of firms compete in this arena and some of the major players in the baking ingredient market are Taura, AAK UK, British Bakels Ltd, CSM, Dawn Foods Ltd, and Muntons plc.

Baking Ingredients Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019

The first evidence of baking dates back to the Babylonian era, and Man has come a long way since then. New products as well as techniques of baking have been developed. However, the main ingredients have remained more or less the same. Baking ingredients include baking powder, baking soda, flour, butter, eggs, yeasts, honey, fruits, nuts, and several flavor and color additives. Baked products come in a wide variety, and the consumption trends depend on the preference of the local population. General bakery products include biscuits, cookies, breads, cakes, pastries, pies, torts, donuts, and chalets. Baking ingredients are not just industry specific, but also have many domestic markets scattered around the world.

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The growth in the bakery ingredients market is directly related to the changing dimensions of the baking industry as a whole. Breads and cakes are the staple food of the western culture, and not as much relevant in Asia-Pacific. The annual per capita consumption of baked food in these geographies is more than twenty-five times the consumption in the Asia-Pacific region. The bakery market is matured in these countries, but it is expected to grow exponentially in the Asia-Pacific region. India and China have clocked double digit growths in this market recently, and even if the consumption per capita is not set to match the western standards, the population is a key factor for the estimated increase in the market for baking ingredients here.

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This industry is driven by culture and taste-buds. Even though the diffusion of a common or similar global food habit has occurred due to globalization, staple food consumption is unlikely to alter substantially in any culture. The key markets of the U.S. and Europe are not going to dissipate, although there is a high chance of growth in the Asia-Pacific region where the food culture is gradually changing. Changing lifestyles, better distribution channels, and progress in science and technology has driven the growth of this industry.

This industry is highly affected by the macro-economic situation of an economy, as the consumption of fancy bakery products decline sharply due to economic downturns. Also, the industry is highly competitive in nature, and constant innovation of products is absolutely necessary to sustain in the market. A large number of firms compete in this arena and some of the major players in the baking ingredient market are Taura, AAK UK, British Bakels Ltd, CSM, Dawn Foods Ltd, and Muntons plc.

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