Europe Bakery Ingredients Market Forecast 2017-2025
KEY FINDINGS The Europe bakery ingredient market was calculated to be at $4193.1 million in the year 2016. The market is anticipated to grow at a CAGR of 5.80%, generating the highest revenue of $6900 million by the end of the forecast period of 2017-2025.
MARKET INSIGHTS The European bakery ingredient market is segmented by type and by application. The European market is chiefly flourishing because of the higher percentage of bread consumed in the region. This, combined with factors like rising consumer demand for healthy and convenient products and an increased focus towards cost reduction while simultaneously improving the quality & shelf life of the products is propelling the market growth. It is estimated that the total market consumption of bakery products like viennoiserie, patisserie, and bread is roughly 39 million tonnes for the various European countries.
COMPETITIVE INSIGHTS The leading manufacturers for bakery ingredient in the region include Bakels Worldwide, Associated British Foods Plc, Puratos Group, Cargill Inc, Archer Daniels Midland Company, Ashland, N.V.Kerry Group Plc, Tate & Lyle, Dawn Food Products Inc, Lesaffre Italia Spa, Royal Dsm and Lallemand Inc.