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Report Overview
The global bakery ingredients market value was USD 17.63 billion in the year 2023. The bakery ingredients industry is further expected to grow at a CAGR of 6% between 2024 and 2032 o reach a value of almost USD 29.79 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Bakery Ingredients Market Report Snapshots
Bakery Ingredients Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the Global Bakery Ingredients Market attained a value of nearly USD 17.63 billion.
The market is projected to grow at a CAGR of 6.0% between 2024 and 2032.
The shifting consumer lifestyles, the growing demand for gluten-free baked goods, and the rising demand for healthy and natural ingredients in bakery products are the major market drivers.
The key trends guiding the market include the rising use of advanced technologies to produce baked goods, the growing awareness regarding the benefits of healthy baked goods, and the increasing demand for trans-fat and gluten-free products.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
By ingredient type, the market is divided into baking enzymes, leavening agents, fats and shortenings, sweeteners, colours and flavours and preservatives.
Based on application, the industry can be segmented into bread, cake and pastries, biscuit and cookies, rolls, puffs and pies.
The competitive landscape consists of Cargill, Incorporated, Koninklijke DSM N.V., DuPont de Nemours, Inc., Ingredion Incorporated, Kerry Group plc, and EMU AG, among others.
The market is estimated to witness a robust growth in the forecast period of 2024-2032, reaching a value of around USD 29.79 billion by 2032.
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