Baking Ingredients Market by Type (Enzymes, Emulsifiers, Leavening agents, Fats & Shortenings, Mold Inhibitors, Colors & Flavors), Application (Bread, Biscuits & Cookies, Cakes & Pastries, Rolls & Pies) & Region - Global Trends & Forecast to 2019
Baking ingredients are widely used in baking applications such as bread, biscuits & cookies, cakes & pastries, rolls & pies, pizzas, donuts, and frozen baked products. These ingredients are used to enhance product quality, reduce production costs, save time, and increase the shelf-life of the products. Convenience and health & wellness are the driving factors for the baking ingredients market.
The baking ingredients market is segmented on the basis of type, application, and region. On the basis of type, it is segmented into enzymes, emulsifiers, fats & shortenings, leavening agents, mold inhibitors, colors & flavors, and others. On the basis of application, it is segmented into bread, biscuits & cookies, cakes & pastries, rolls & pies, and others. The market is also segmented on the basis of regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW).
The baking ingredients market is projected to reach a value of $13,165.6 million by 2019, with Europe having dominated the market in 2013.
This report provides both, qualitative and quantitative analyses of the baking ingredients market. It includes market dynamics, trends, competitive strategies preferred by key market players, driving factors that boosted the growth, and restraints in the market. It also studies the opportunities in the baking ingredients market for new entrants.
To maintain a competitive edge in the baking ingredients market, key players invest heavily in the launch and development of new products and technologies. Leading players such as Royal DSM (The Netherlands), Associated British Foods plc (U.K.), Cargill, Inc. (U.S.), and Kerry Group (Ireland) have been profiled in the report. The report provides a complete analysis of prominent companies and a chronology of developments, with respect to new products/technologies launched and their applications.