USD 14.40 Billion
Report ID: SQMIG30C2092 | Region: Global | Published Date: July, 2030 | Pages: 198 | Tables: 64 | Figures: 75
Global Bakery Ingredients Market size was valued at USD 14.40 Billion in 2022 and is poised to grow from USD 15.36 Billion in 2023 to USD 25.77 Billion by 2031, at a CAGR of 6.68% during the forecast period (2024-2031).
The global market for bakery ingredients is projected to experience significant growth, driven by the increasing urbanization and a rising consumption of convenient, ready-to-eat foods. Moreover, there is a growing preference for bakery products that promote health and well-being, contributing to the expansion of the market. Bakery ingredients play a crucial role in the production of various bakery items, including bread, cookies, biscuits, cakes, pizzas, tarts, pies, pastries, donuts, and frozen baked goods. These ingredients have been utilized since ancient times and remain essential components in modern baking processes. Market is primarily propelled by factors such as shifting consumer preferences towards healthier products, rising wealth and disposable income, increased spending on value-added goods, and the growing availability of products incorporating natural ingredients. High-quality bakery ingredients are fundamental for enhancing baked goods' overall quality, texture, and taste, as they ensure softness and flavor retention. For instance, yeast is a critical ingredient in bread-making, where the trapped gas is necessary for optimal results. The wide variety of bakery ingredients available caters to regional demands and preferences. The advantages of bakery ingredients lie in their ease of use, mixing convenience, and ready availability. The food processing industry has unlocked numerous possibilities for innovative product development in the bakery ingredients market. Dietary fiber, for example, is now commonly added to stabilize high-fat food, improve emulsion and shelf life, and enhance water and oil retention properties. Antioxidants are used in minimal quantities to preserve the freshness, aroma, flavor, and appearance of baked goods. The growth of the global market can be attributed to the increasing demand for these ingredients driven by changing lifestyles, which leave little time for meal preparation and require time-saving and affordable food options. The rising population of working women and time constraints further amplify the need for convenient baked goods.
In Europe and North America, busy lifestyles have led to a preference for wraps, rolls, and pocket sandwiches over time-consuming meals, bolstering the demand for bakery ingredients. Additionally, advancements in packaging materials and a wider range of baked food offerings contribute to the market's growth. While staple food consumption patterns are unlikely to change significantly in any culture, the key markets in the U.S. and Europe are expected to remain robust.
US Bakery Ingredients Market is poised to grow at sustainable CAGR for the next forecast year.
Global Market Size
USD 14.40 Billion
Largest Segment
Flour
Fastest Growth
Flour
Growth Rate
6.68% CAGR
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Global Bakery Ingredients Market is segmented by type, application, and region. Based on type, the market can be segmented into flour, sweetners, emulsifiers, and yeast. Based on application, the market is segmented into bread, cakes and pastries, and cookies & biscuits. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Bakery Ingredients Market Analysis by Type
By type, the market can be segmented into flour, sweetners, emulsifiers, and yeast. Flour is a fundamental ingredient in bakery products, making it a dominant segment in the market. It serves as the primary source of structure and texture in bread, cakes, pastries, and other baked goods. Wheat flour, in particular, holds a significant market share due to its widespread use and versatility in various bakery applications. Alternative flours such as gluten-free flours (e.g., rice flour, almond flour, coconut flour) and ancient grain flours (e.g., spelt flour, quinoa flour) are experiencing rapid growth. These flours cater to the increasing demand for gluten-free and healthier bakery products, driven by consumer preferences for dietary restrictions, wellness, and diverse flavor profiles.
Sweeteners like honey, maple syrup, and agave syrup are witnessing rapid growth due to the rising consumer demand for natural and less processed alternatives to traditional sugars. Additionally, low-calorie sweeteners and sugar substitutes, such as stevia and erythritol, are gaining popularity among health-conscious consumers.
Bakery Ingredients Market Analysis by Application
By application, the market can be segmented into bread, cakes and pestries, and cookies & biscuits. Bread is a staple bakery product consumed worldwide, making it a dominant segment in the market. It includes various types such as white bread, whole wheat bread, multigrain bread, and specialty bread like baguettes and ciabatta. The demand for bread is driven by its widespread consumption as a daily food item and its versatility for sandwiches, toasts, and accompaniments.
While cake and pastry options are witnessing fastest growth. This includes low-sugar or sugar-free cakes, gluten-free pastries, vegan cakes, and those made with alternative flours. The demand for these products is driven by health-conscious consumers, dietary restrictions, and the growing trend of clean-label and plant-based bakery items.
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North American region dominated the bakery ingredients market. The well-established bakery industry, high disposable income, and changing consumer preferences are key drivers of market growth. North America is known for its diverse range of bakery products, including bread, cakes, cookies, and pastries, which fuels the demand for bakery ingredients. The United States is the leading market for bakery ingredients in North America, primarily driven by a growing population of health-conscious consumers seeking natural and organic bakery products. Rising concerns about the consumption of artificial additives and preservatives have led to an increased demand for clean label bakery ingredients. The use of specialty ingredients such as enzymes, emulsifiers, and natural flavors is gaining traction in the region.
The Asia-Pacific region is witnessing rapid growth in the bakery ingredients market, making it one of the fastest-growing regions globally. Factors such as changing consumer lifestyles, urbanization, rising disposable incomes, and a growing middle class are driving the demand for bakery products and ingredients in this region. China is the dominant market for bakery ingredients in APAC. The country's large population, increasing urbanization, and changing dietary preferences contribute to the growth of the bakery industry. Traditional bakery products, such as steamed buns and mooncakes, coexist with Western-style pastries and bread. The demand for convenience foods and ready-to-eat bakery products is also on the rise, leading to increased consumption of bakery ingredients.
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Bakery Ingredients Market Drivers
Increasing consumer preference for healthier products
Bakery Ingredients Market Restraints
Fluctuating prices of raw materials
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Global bakery ingredients market is characterized by intense competition among various players. Key market participants focus on product innovation, research and development, and strategic partnerships to gain a competitive edge. Companies strive to offer a diverse range of bakery ingredients with improved functionalities and nutritional profiles. Additionally, marketing and promotional activities play a vital role in brand positioning and customer engagement. Market players also invest in expanding their distribution networks to enhance their market reach and cater to the evolving demands of the bakery industry.
Bakery Ingredients Market Top Player’s Company Profiles
Bakery Ingredients Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global bakery ingredients market analysis, the market is experiencing significant growth driven by factors such as urbanization, increasing consumption of ready-to-eat foods, and a shift towards health-oriented bakery products. Bakery ingredients play a crucial role in enhancing product quality and longevity. The market is witnessing a rise in demand for natural and clean label ingredients as consumers prioritize healthier choices. North America dominated the market due to a well-established bakery industry and changing consumer preferences. Meanwhile, the Asia-Pacific region is emerging as the fastest-growing market, fueled by urbanization, rising disposable incomes, and evolving dietary habits. However, the volatility of raw material prices poses a challenge to market players.
Report Metric | Details |
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Market size value in 2022 | USD 14.40 Billion |
Market size value in 2031 | USD 25.77 Billion |
Growth Rate | 6.68% |
Base year | 2022 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Bakery Ingredients Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Bakery Ingredients Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Bakery Ingredients Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Bakery Ingredients Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
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Product ID: SQMIG30C2092