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Bakery Ingredient Trends and Forecast
The future of the global bakery ingredient market looks promising with opportunities in the bread, cakes & pastries, and rolls & pies markets. The global bakery ingredient market is expected to reach an estimated $22.14 billion by 2030 with a CAGR of 5.7% from 2024 to 2030. The major drivers for this market are growing demand for multi-cuisine bakery products, increasing demand for convenience food, and rising consumer preference towards attractive, tasty and textured delicacies.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Bakery Ingredient by Segment
The study includes a forecast for the global bakery ingredient by product, end use, and region.
Bakery Ingredient Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Emulsifiers
• Yeast
• Enzymes
• Baking Powder & Mixes
• Oils, Fats, & Shortenings
• Colors & Flavors
• Starch
• Preservatives
• Others
Bakery Ingredient Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Bread
• Cakes & Pastries
• Cookies & Biscuits
• Rolls & Pies
• Others
Bakery Ingredient Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Bakery Ingredient Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies bakery ingredient companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the bakery ingredient companies profiled in this report include-
• Flower Foods
• Hostess Brands
• George Weston
• Grupo Bimbo
• Nestle
• Finsbury Food
• Aryzta
• Britannia Industries
• Tiger Brands
• Goodman Fielder
Bakery Ingredient Market Insights
Lucintel forecasts that baking powders & mixes is expected to remain the largest segment over the forecast period.
Within this market, bread will remain the largest segment due to cost-effectiveness and nutritional value.
North America is expected to witness highest growth over the forecast period due to changing lifestyle and growing demand for convenience food in the region
Features of the Global Bakery Ingredient Market
Market Size Estimates: Bakery ingredient market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Bakery ingredient market size by product, end use, and region in terms of value ($B).
Regional Analysis: Bakery ingredient market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, end uses, and regions for the bakery ingredient market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the bakery ingredient market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the bakery ingredient market size?
Answer: The global bakery ingredient market is expected to reach an estimated $22.14 billion by 2030.
Q2. What is the growth forecast for bakery ingredient market?
Answer: The global bakery ingredient market is expected to grow with a CAGR of 5.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the bakery ingredient market?
Answer: The major drivers for this market are growing demand for multi-cuisine bakery products, increasing demand for convenience food, and rising consumer preference towards attractive, tasty and textured delicacies.
Q4. What are the major segments for bakery ingredient market?
Answer: The future of the bakery ingredient market looks promising with opportunities in the bread, cakes & pastries, and rolls & pies markets.
Q5. Who are the key bakery ingredient market companies?
Answer: Some of the key bakery ingredient companies are as follows:
• Flower Foods
• Hostess Brands
• George Weston
• Grupo Bimbo
• Nestle
• Finsbury Food
• Aryzta
• Britannia Industries
• Tiger Brands
• Goodman Fielder
Q6. Which bakery ingredient market segment will be the largest in future?
Answer: Lucintel forecasts that baking powders & mixes is expected to remain the largest segment over the forecast period.
Q7. In bakery ingredient market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to changing lifestyle and growing demand for convenience food in the region
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the bakery ingredient market by product (emulsifiers, yeast, enzymes, baking powder & mixes, oils, fats, & shortenings, colors & flavors, starch, preservatives, and others), end use (bread, cakes & pastries, cookies & biscuits, rolls & pies, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Bakery Ingredient Market, Bakery Ingredient Market Size, Bakery Ingredient Market Growth, Bakery Ingredient Market Analysis, Bakery Ingredient Market Report, Bakery Ingredient Market Share, Bakery Ingredient Market Trends, Bakery Ingredient Market Forecast, Bakery Ingredient Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Bakery Ingredient Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Bakery Ingredient Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Bakery Ingredient Market by Product
3.3.1: Emulsifiers
3.3.2: Yeast
3.3.3: Enzymes
3.3.4: Baking Powder & Mixes
3.3.5: Oils, Fats, & Shortenings
3.3.6: Colors & Flavors
3.3.7: Starch
3.3.8: Preservatives
3.3.9: Others
3.4: Global Bakery Ingredient Market by End Use
3.4.1: Bread
3.4.2: Cakes & Pastries
3.4.3: Cookies & Biscuits
3.4.4: Rolls & Pies
3.4.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Bakery Ingredient Market by Region
4.2: North American Bakery Ingredient Market
4.2.2: North American Bakery Ingredient Market by End Use: Bread, Cakes & Pastries, Cookies & Biscuits, Rolls & Pies, and Others
4.3: European Bakery Ingredient Market
4.3.1: European Bakery Ingredient Market by Product: Emulsifiers, Yeast, Enzymes, Baking Powder & Mixes, Oils, Fats, & Shortenings, Colors & Flavors, Starch, Preservatives, and Others
4.3.2: European Bakery Ingredient Market by End Use: Bread, Cakes & Pastries, Cookies & Biscuits, Rolls & Pies, and Others
4.4: APAC Bakery Ingredient Market
4.4.1: APAC Bakery Ingredient Market by Product: Emulsifiers, Yeast, Enzymes, Baking Powder & Mixes, Oils, Fats, & Shortenings, Colors & Flavors, Starch, Preservatives, and Others
4.4.2: APAC Bakery Ingredient Market by End Use: Bread, Cakes & Pastries, Cookies & Biscuits, Rolls & Pies, and Others
4.5: ROW Bakery Ingredient Market
4.5.1: ROW Bakery Ingredient Market by Product: Emulsifiers, Yeast, Enzymes, Baking Powder & Mixes, Oils, Fats, & Shortenings, Colors & Flavors, Starch, Preservatives, and Others
4.5.2: ROW Bakery Ingredient Market by End Use: Bread, Cakes & Pastries, Cookies & Biscuits, Rolls & Pies, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Bakery Ingredient Market by Product
6.1.2: Growth Opportunities for the Global Bakery Ingredient Market by End Use
6.1.3: Growth Opportunities for the Global Bakery Ingredient Market by Region
6.2: Emerging Trends in the Global Bakery Ingredient Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Bakery Ingredient Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Bakery Ingredient Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Flower Foods
7.2: Hostess Brands
7.3: George Weston
7.4: Grupo Bimbo
7.5: Nestle
7.6: Finsbury Food
7.7: Aryzta
7.8: Britannia Industries
7.9: Tiger Brands
7.10: Goodman Fielder
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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