Increased Demand for Bakery Products Spurs Baking Ingredients Market

The global baking ingredients market, valued at USD 16.6 billion in 2021, is projected to reach USD 22.3 billion by 2026, growing at a CAGR of 6.0% during the forecast period.


Growing consumption of bakery products and confectionery, driven by consumer preference for convenience and tasty treats, is propelling the demand for baking ingredients worldwide.

Strict regulations and international quality standards pose challenges for baking ingredient manufacturers, requiring compliance with health and safety checks.

The rising trend of veganism and vegetarianism among consumers provides opportunities for manufacturers to cater to this growing market segment.

Increased health awareness, driven by rising cases of diabetes and obesity, is influencing consumer choices, leading to demand for healthier bakery options and impacting the baking ingredients market.
Europe holds the largest share in the baking ingredients market, with its strong tradition of bread and bakery product consumption contributing to its dominance.

Major players like Cargill, Archer Daniels Midland Company, and Associated British Foods plc play a significant role in driving the baking ingredients market forward.

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