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GCC Bakery Ingredients Market - Growth, Trends, and Forecasts (2018 - 2023)

GCC Bakery Ingredients Market - Growth, Trends, and Forecasts (2018 - 2023)

Market Insights

The GCC bakery Ingredient market is expected to grow rapidly during the forecast period, 2018 - 2023 at a CAGR of 7.0%. The market was valued at USD 4,025.92 million in 2016.

Market Dynamics

The demand for international bakery products in the GCC market is mainly driven by a rise in disposable income and consumer preferences for convenient food products. Introduction of new flavors and innovative packaging is also supporting the market’s growth. The cumulative growth rates of two of the biggest countries in the GCC, namely, UAE and Saudi Arabia, are 7.7% and 8.8%, respectively. The gluten-free market has gained traction as it appeals to the health-conscious customers who perceive gluten-free as an option to better manage their health.

Firin gluten-free bakery is Abu Dhabi’s first exclusive gluten-­free bakery. The bakery offers muffins, cakes, pastries, bread loaves, pitas, fatayer, zaatar, pizza and quiche. Some of the companies that are producing clean label products are - Chr Hansen - Fruitmax pineapple 700, which is a vegetable-based coloring powder with a yellow color and excellent stability in a wide range of bakery products with natural ingredients. The bakery ingredients product market faces issues on the supply side because of price fluctuations which are being caused by rapid changes in the global economy, among other factors.

Market Segmentation

The bakery ingredient market is segmented by enzymes, flour, sweetener, emulsifiers, leavening agents, preservatives, mixes, dairy ingredients, fats & oils/shortenings, colors & flavors and other ingredients. Flour/starch accounts for 31% of the market. Saudi Arabia is moving toward privatization of its four public mills. The UAE’s Al Ghurair may become a purchaser, while Agthia plans to enter the kingdom’s wheat flour market. Sucrose, fructose, honey, molasses, saccharin and aspartame are some of the most used sweeteners in the GCC bakery ingredients market.

The bread segment occupies a major share in the GCC bakery ingredient market followed by the cake & pastry segment. New low fat biscuits are entering the GCC market. The growing demand for exotic and specialty bread rolls is driving the bakery ingredient market. There is a growing taste for French rolls and pies among consumers.

Regional Analysis

The GCC region offers a wide scope for the nations worldwide, to export their bakery products and to meet the consumer demand in the region. Among the GCC nations, Saudi Arabia holds the major share, while countries like UAE, Kuwait and Bahrain account for the fastest growing nations in the region. Kuwait’s domestic agricultural production is almost negligible, due to climatic conditions in the country, whereas the demand for the bakery products or their ingredients is ever increasing.

The rapid growth of the Bahraini hotel and restaurant sectors, including American fast food restaurants, has increased the demand for bakery ingredients in Bahrain.

The major players include - CARGILL INC, ARCHER DANIELS MIDLAND, KERRY GROUP, ASSOCIATED BRITISH FOODS PLC, ALMARAI, AGTHIA, NOVOZYMES, INGREDION, TATE & LYLE, DAWN FOODS, IFFCO GROUP, OMAN FLOUR MILLS, AREEJ VEGETABLE OILS & DERIVATIVES SAOC, amongst others.

Reasons to Purchase this Report

Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
Market dynamics which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
Market segmentation analysis, including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel

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1. INTRODUCTION
1.1 RESEARCH PHASES
1.2 STUDY DELIVERABLES
1.3 SCOPE OF THE MARKET
2. MARKET INSIGHTS
2.1 MARKET OVERVIEW
2.2 INDUSTRY ATTRACTIVENESS – PORTER’S FIVE FORCES MODEL
2.2.1 BARGAINING POWER OF SUPPLIERS
2.2.2 BARGAINING POWER OF BUYERS
2.2.3 THREAT OF NEW ENTRANTS
2.2.4 THREAT OF SUBSTITUTE PRODUCTS AND SERVICES
2.2.5 DEGREE OF COMPETITION
3. MARKET DYNAMICS
3.1 DRIVERS
3.1.1 RISING DEMAND FOR INTERNATIONAL BAKERY PRODUCTS
3.1.2 INCREASED DEMAND FOR GLUTEN-FREE BAKERY PRODUCTS
3.1.3 INCREASING DEMAND FOR NATURAL INGREDIENTS IN BAKED PRODUCTS
3.2 RESTRAINTS
3.2.1 FLUCTUATING COST OF RAW MATERIALS
3.3 OPPORTUNITIES
3.3.1 INCREASING DEMAND FOR FUNCTIONAL BAKERY
4. MARKET SEGMENTATION AND ANALYSIS (MARKET SIZE, GROWTH, AND FORECAST)
4.1 SEGMENTATION BY INGREDIENT TYPE
4.1.1 INTRODUCTION
4.1.2 FLOUR/STARCH
4.1.3 SWEETENER
4.1.4 FATS/SHORTENINGS
4.1.5 DAIRY INGREDIENTS
4.1.6 LEAVENING AGENT
4.1.7 EMULSIFIERS
4.1.8 PRESERVATIVES
4.1.9 ENZYMES
4.1.10 COLORS & FLAVORS
4.1.11 MIXES
4.1.12 OTHER INGREDIENTS
4.2 SEGMENTATION BY APPLICATION TYPE
4.2.1 INTRODUCTION
4.2.2 BREAD
4.2.3 CAKE AND PASTRY
4.2.4 ROLL & PIE
4.2.5 COOKIE & BISCUIT
4.2.6 OTHERS
5. REGIONAL MARKET ANALYSIS (MARKET SIZE, GROWTH, AND FORECAST)
5. 1 SAUDI ARABIA
5. 2 UAE
5. 3 KUWAIT
5. 4 OMAN
5. 5 QATAR
5. 6 BAHRAIN
5. 7 OTHERS
6. COMPETITIVE LANDSCAPE
6.1 MARKET SHARE ANALYSIS
7. COMPANY PROFILES
7.1 CARGILL INC.
7.2 ARCHER DANIELS MIDLAND
7.3 KERRY GROUP
7.4 ASSOCIATED BRITISH FOODS PLC
7.5 ALMARAI
7.6 AGTHIA
7.7 NOVOZYMES
7.8 INGREDION
7.9 TATE & LYLE
7.10 DAWN FOODS
7.11 IFFCO GROUP
7.12 OMAN FLOUR MILLS
7.13 AREEJ VEGETABLE OILS & DERIVATIVES SAOC
8. DISCLAIMER

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