Baking Ingredients market size is expected to be worth around USD 30.9 billion by 2033,
from USD 17.8 billion in 2023, growing at a CAGR of 6.1% during the forecast period from
2023 to 2033.
The baking ingredients market refers to the industry that supplies various essential
components used in the preparation of baked goods. These ingredients include flour, sugar,
leavening agents, fats and oils, dairy products, and flavorings, among others. These
elements are crucial for creating a wide range of baked items, such as bread, cakes,
cookies, pastries, and muffins.
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The market is driven by the demand from both commercial bakeries and home bakers,
influenced by evolving consumer tastes and preferences. As people seek more
convenience in their baking endeavors, the market also includes pre-mixed ingredients and
ready-to-use baking mixes that simplify the baking process.
Changing consumer preferences and an increasing demand for a variety of baked goods
significantly influence the baking ingredients market. There is a growing interest in products
with natural ingredients and those that offer health benefits, such as whole grains and
gluten-free options. Additionally, the demand for products with longer shelf lives, which help
reduce food waste, is on the rise. This trend is supported by advancements in food
preservation technologies and ingredient innovations that enhance the freshness and shelf
stability of baked products.
Product Type Analysis:
Baking powder and mixes accounted for 46.0% of global revenue in 2023, valued for their
rich content of vitamins, protein, and carbohydrates. The rising demand for organic products
is boosting the popularity of wheat baking powder, noted for being low in saturated fat and
high in cholesterol.
Application Analysis:
In 2023, bread dominated the Baking Ingredients Market with over 46% market share,
driven by its widespread use and demand. New production methods that offer nutritional
value and affordability for price-sensitive customers in developing countries are the main
drivers behind bread's popularity.
Кеу Маrkеt Ѕеgmеntѕ
By Product Type
● Emulsifiers
● Yeast
● Enzymes
● Baking Powder & Mixes
● Oils, Fats, and Shortenings
● Colors & Flavors
● Starch
● Preservatives
● Others
By Application
● Bread
● Cookies and Biscuits
● Cakes and Pastries
● Rolls and Pies
● Other End-Uses
Маrkеt Кеу Рlауеrѕ
● Flowers Foods Inc.
● Hostess Brands LLC.
● Mckee Foods Corporation
● Grupo Bimbo. S.A.B. de C.V.
● Uniferm GmbH & Co.
● Koninklijke DSM N.V,
● General Mills Inc.
● Associated British Foods Plc.
● Other Key Players
Drivers:
Increasing consumer interest in home baking is significantly boosting the demand for baking
ingredients. Additionally, growing awareness of healthier baking options, such as gluten-free
or organic ingredients, is driving market growth.
Restraints:
Fluctuating prices of raw materials impact the cost and availability of baking ingredients.
Furthermore, stringent regulations on food additives and preservatives affect how
ingredients are formulated.
Opportunities:
The rising trend of artisanal and specialty baked goods opens new market avenues for
unique and high-quality ingredients. Additionally, growing online sales offer broader reach
and accessibility for baking ingredient suppliers.
Challenges:
Competition among ingredient manufacturers intensifies in an increasingly crowded market.
Moreover, meeting consumer demands for clean-label, natural ingredients poses significant
formulation challenges.