Bakery Ingredients Market Segmented By Enzymes, Emulsifiers, Flavors, Colors, Leavening agents, Oils and fats type for application such as Bread, Cakes & pastries, Biscuits & cookies, Savory baked products (rolls, puffs, and pies)
Innovation in bakery supplies is aimed at enhancing the nutritional profile of products and addressing their calorie density, among other things. Consumer awareness regarding calorie density is increasing, as is the need for healthier food products. On the other hand, there is still significant craving for indulgent products. Overall, customers are looking for healthier alternatives to their favorites delicacies, which is being catered to by market players
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Frozen bakery products and thaw-and-serve bakery products are two essential categories in this space. Frozen bakery products include frozen pizzas (most common), frozen breads, frozen pies, frozen cakes, frozen crepes, and frozen waffles, among others. The growth of baked goods has a favorable impact on the growth curve for baking ingredients, in both, the foodservice and retail sectors.
Overall, the global bakery ingredients market is set to witness growth at a value CAGR of 6.4% over the forecast period (2022-2032).
Key Takeaways from Market Study
“Manufacturers are offering bakery ingredients with diverse flavors, textures, and varieties to customers. With the utilization of advanced ingredients and state-of-the-art manufacturing techniques, companies are providing pioneering solutions in regards to baking Ingredients. Moreover, offering flavor, color, and clean label bakery ingredients are among the strategies being adopted by market participants,” says a Persistence Market Research analyst.
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Competitive Landscape
Key companies involved in the manufacturing of bakery ingredients are majorly focusing on expanding their product portfolios by adding innovative flavors to their bakery ingredients. These key manufacturers also provide clean label bakery ingredients to help maintain transparency about their offerings.
Explore More Valuable Insights
Persistence Market Research, in its new report, offers an impartial analysis of the global bakery ingredients market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on product type (enzymes, emulsifiers, colors & flavors, yeast, and fats & oils), application (bread, cakes & pastries, cookies & biscuits, and others), and distribution channel (traditional trade, modern trade, and industrial, foodservice (HoReCa)), across six major regions of the world.
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Jun 04, 2023