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Written by Ravinder » Updated on: November 19th, 2024
The latest report by IMARC Group, titled “Bakery Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the bakery ingredients market trends. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global bakery ingredients market size reached USD 15.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 21.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2024-2032.
Bakery Ingredients Marke Trends:
The global bakery ingredients market is witnessing significant growth driven by rising consumer demand for convenience foods and ready-to-eat products. The increasing trend towards healthy eating and the demand for organic and gluten-free bakery products are significantly boosting the adoption of specialty ingredients. Furthermore, the growing urbanization and changing lifestyles are leading to a higher consumption of bakery products, such as bread, cakes, pastries, and cookies, thereby fueling market growth. Technological advancements in ingredient processing and the development of innovative baking solutions, including natural emulsifiers and preservatives, are enhancing product quality and shelf life. Additionally, the expansion of retail chains and supermarkets is making bakery products more accessible to a wider audience, contributing to market growth. Along with this, the rising influence of Western dietary habits in emerging economies and the increasing popularity of artisanal and premium bakery products are further driving the global bakery ingredients market.
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Bakery Ingredients Market Scope & Growth Analysis:
The scope of the global bakery ingredients market is extensive, encompassing a wide range of ingredients, including flours, sweeteners, fats, emulsifiers, leavening agents, and flavors. The market is segmented by applications, such as bread, biscuits, cakes, pastries, and others, with significant growth anticipated across all categories. The adoption of clean-label and natural ingredients is witnessing a notable rise, driven by consumer preference for transparency and health-conscious choices. The Asia-Pacific region is emerging as a key market due to rapid urbanization, increasing disposable incomes, and a growing population. In addition, the expansion of the bakery industry in developing countries is creating new opportunities for ingredient manufacturers. Additionally, the rise of online retail and e-commerce platforms is providing a convenient avenue for consumers to access a diverse range of bakery products, further fueling market growth. Moreover, ongoing research and development activities aimed at enhancing ingredient functionality and improving nutritional profiles are creating a positive market outlook.
Top Bakery Ingredients Brands Worldwide:
Key Market Segmentation:
Breakup by Product Type:
Breakup by Application:
Breakup by End Use Sector:
Breakup by Region:
Key Highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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IMARC Group
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