Baking Ingredients Market Size

Baking Ingredients Market size was valued at USD 19.31 Billion in 2023 and is poised to grow from USD 20.49 Billion in 2024 to USD 32.9 Billion by 2032, growing at a CAGR of 6.10% during the forecast period (2025-2032).

The primary ingredients responsible for the look, texture, and flavour of most bakery items are flour, water, and leavening agents. Oils, eggs, emulsifiers, colours, shortening, and sugar are effective at changing these characteristics and producing a high-quality product. Baking materials such as baking soda, baking powder, cocoa powder, and other condiments have seen an increase in demand as consumers left at home due to the Covid-19 shutdown have turned to baking. Baking ingredient manufacturers and retailers have reported a considerable boost in sales since the lockout when compared to the same period last year. On-the-go cuisine has grown in popularity as a result of the recent inflow of multinational café and bakery companies. During the projection period, growth in the frozen bakery goods market will drive up demand for baking ingredients. Factors such as convenience, quickness of preparation, easy product availability, and inexpensive costs have contributed to the increased acceptance of frozen bakery. The baking ingredients market is also expanding due to increased demand from coffee shops and local and large-scale food chains. Frozen bakery items are predicted to acquire potential demand in emerging markets such as India and China due to rising disposable income and purchasing power parity (PPP) of these nations' growing populations.

US Baking Ingredients Market is poised to grow at a sustainable CAGR for the next forecast year.