Baking Ingredients Market

The Baking Ingredients Market is projected to reach USD 24.85 billion by 2033, growing from USD 17.87 billion in 2023 at a compound annual growth rate (CAGR) of 6.01% over the forecast period. This market includes a range of essential ingredients for baking, such as flour, sugar, shortenings, leavening agents, eggs, water, salt, milk, and milk derivatives. Each ingredient plays a specific role in baking, contributing to the structure, tenderness, moisture, and flavor of bakery products. As global exposure to diverse bakery items increases, the demand for these ingredients has risen significantly. Benefits include cost reduction, enhanced volume, and improved texture and flavor. Enzymes, for example, are particularly valued for their role in improving protein solubility and reducing bitterness in baked goods, underscoring the critical role of each ingredient in successful baking.

The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.

Segments covered

By Type (Emulsifiers, Enzymes, Starch, Fiber, Oils, fats, and shortenings, Baking powder and mixes, Preservatives, Colors & flavors, Leavening agents, Others)
By Application (Bread, Sweet Bakery)

Key players

Cargill
Archer Daniels Midland Company
IFF Plc
KONINKLIJKE DSM N.V
Kerry Group Plc
AAK AB.
Corbion
IFF
Dawn Food Products
BRITISH BAKELS.