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Download Free sampleThe global Bakery Ingredients market was valued at US$ 12240 million in 2022 and is projected to reach US$ 16020 million by 2030, at a CAGR of 3.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Bakery ingredients are the food products responsible to maintain the freshness, softness, & taste; improve shelf life; and increase the protein content in the baked items. These items are available in different varieties in the market and are considered as the basic food for human nutrition globally. The choice of the ingredients and the compositions determine the flavor & texture of the finished baked food product. The major products, such as breads and biscuits, are growing at a significant growth rates, thus, these are anticipated to provide high growth opportunities to the key industrial players throughout the forecast period. In the mature markets of North America and Europe, the bakery ingredients exhibiting health benefits and those containing lesser or negligible artificial constituents are growing at a higher rate. The artificial ingredients include benzoyl peroxide, calcium bromate, and harmful colorings.
Bakery Ingredients Market aims to provide a comprehensive presentation of the global market for Bakery Ingredients, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Bakery Ingredients. Bakery Ingredients Market contains market size and forecasts of Bakery Ingredients in global, including the following market information:
The global bakery ingredients market is driven by factors such as busy lifestyles and change in dietary habits that has resulted in higher consumption of bakery products. Moreover, change in culture and routines of people in the developing nations coupled with growth in demand for low trans-fat & gluten-free products supplement the market growth. In addition, rapid rise in obesity rates and rise in fitness-related concerns have fueled the demand for healthy bakery food products. Conversely, the trend for replacement of baked products by cereals, such as oats, is expected to hamper the growth of the global market. Furthermore, stringent regulations and implementation of international quality standards hamper the market growth. However, the potential market for frozen bakery foods along with proactive efforts of key players to reduce production costs, & increase shelf life of products are anticipated to provide lucrative opportunities for the market growth.
We surveyed the Bakery Ingredients manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
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