Food & Agriculture Trends

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. Download PDF Brochure 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 pro...

The global  baking ingredients market   is experiencing significant growth, driven by various factors such as the increased demand for baking ingredients during the Covid-19 pandemic, rising consumption of bakery products and confectionery, stringent regulations, and the growing trend of veganism and vegetarianism. This article explores the key drivers, restraints, opportunities, and challenges in the baking ingredients market. Additionally, we will discuss the market's regional landscape and key players in the industry. Download PDF Brochure The Rising Demand for Baking Ingredients Amid the Covid-19 lockdown, consumers found solace in baking, leading to a surge in demand for baking ingredients. Baking soda, baking powder, cocoa powder, and other condiments witnessed a significant increase in sales. Manufacturing companies and retailers like Cargill (US) and Kerry Group Plc (Ireland) reported a boost in the sale of these products compared to the same period last year. Furtherm...

The global  baking ingredients market  was estimated at USD 16.6 billion in 2021 and is projected to reach USD 22.3 billion by 2026, at a CAGR of 6.0% from 2021 to 2026. Asia pacific is projected to be the fastest-growing market for baking ingredients market, recording a CAGR of 7.2% from 2021 to 2026. Factors such as changes in eating habits of consumers, increasing urbanization, and rising consumption patterns of baked products have driven growth in the market in this region. In emerging economies such as India, China, and Indonesia, the penetration of packaged and convenience food is the key driver for the baking industry. Download PDF Brochure The fiber segment by type is projected to achieve the fastest growth in the baking ingredients market.   The fiber is the fastest-growing segment type during the forecast period. Increased health awareness has triggered the interest in products with functional ingredients, such as dietary fiber. Fiber can add additional health b...

The global baking ingredients market is expected to grow from USD 16.6 billion in 2021 to USD 22.3 billion by 2026, at a CAGR of 6.0% from 2021 to 2026. The growth of the baking ingredients market is driven by the rising demand for healthier food and changing food consumption patterns of consumers. The key drivers for the market’s growth are the changing consumer lifestyles, preference for convenience foods, and increasing demand for natural and healthy ingredients. A broad range of trends is driving innovation in the bakery products sector, providing products formulated with plant protein, healthier fats, creative flavors, and color combinations, or less sugar and synthetic ingredients. The industry is seeing major innovations in clean label, vegan, and gluten-free offerings. Download PDF Brochure Baking powder and mixes, by type,  is estimated to hold the largest market share during the forecast period The market for baking powder and mixes is projected to account for the larges...