Global Bakery Ingredients Market

Global Bakery Ingredients Market Size, Share, Growth Analysis, By Type(Flour, Sweetners), By Application(Bread, Cakes and Pestries) - Industry Forecast 2023-2030


Report ID: SQMIG30C2092 | Region: Global | Published Date: July, 2030 | Pages: 198 | Tables: 64 | Figures: 75

Global Bakery Ingredients Market Insights

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.

Market snapshot - 2024-2031

Global Market Size

USD 14.40 Billion

Largest Segment

Flour

Fastest Growth

Flour

Growth Rate

6.68% CAGR

Global Bakery Ingredients Market ($ Bn)
Country Share for North America Region (%)
Global Bakery Ingredients Market By Type ($ Bn)
Global Bakery Ingredients Market By Type (%)

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Global Bakery Ingredients Market Segmental Analysis

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.

Global Bakery Ingredients Market By Type, 2022 (%)

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Global Bakery Ingredients Market Regional Insights

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.

Global Bakery Ingredients Market By Region, 2024-2031
  • Largest
  • Fastest

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Global Bakery Ingredients Market Dynamics

Bakery Ingredients Market Drivers

Increasing consumer preference for healthier products

  • One significant driver of the bakery ingredients market is the increasing consumer preference for healthier products. With growing awareness about the importance of nutrition and well-being, consumers are actively seeking bakery products made with natural and functional ingredients. This shift in consumer demand has led to the development and incorporation of specialty ingredients, such as whole grains, natural sweeteners, and plant-based alternatives, in bakery formulations. Manufacturers are responding to this driver by offering a wide range of healthier bakery options to cater to the evolving consumer preferences.

Bakery Ingredients Market Restraints

Fluctuating prices of raw materials

  • One prominent restraint in the bakery ingredients market is the fluctuating prices of raw materials. The prices of key ingredients such as wheat, sugar, dairy products, and oils can be volatile due to factors like weather conditions, supply-demand imbalances, and geopolitical factors. These price fluctuations pose challenges for bakery ingredient manufacturers in terms of cost management and profit margins. To mitigate this restraint, companies often employ strategies such as long-term supply contracts, hedging techniques, and alternative ingredient sourcing to minimize the impact of raw material price volatility.

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Global Bakery Ingredients Market Competitive Landscape

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

  • Kerry Group plc (Ireland)
  • DuPont Nutrition & Biosciences (US)
  • Associated British Foods plc (UK)
  • Corbion N.V. (Netherlands)
  • Tate & Lyle PLC (UK)
  • Lallemand Inc. (Canada)
  • Royal DSM N.V. (Netherlands)
  • Bakels Group (Switzerland)
  • Lesaffre Group (France)
  • AAK AB (Sweden)
  • Puratos Group (Belgium)
  • Dawn Foods Ltd. (US)
  • Palsgaard A/S (Denmark)
  • Taura Natural Ingredients Ltd. (New Zealand)
  • Zeelandia International B.V. (Netherlands)
  • AB Mauri (UK)
  • Givaudan SA (Switzerland)

Bakery Ingredients Market Recent Developments

  • In June 2023, European bakery ingredient manufacturer IREKS announced a €100 million investment to expand its production facilities and enhance its R&D capabilities.
  • In May 2023, Beyond Meat announced a partnership with a leading bakery chain to launch plant-based burger buns made with its innovative meat substitute.
  • In April 2023, PepsiCo-owned Quaker Oats launched a new range of "Protein Baked Goods," including protein bars and cookies, targeting health-conscious consumers.
  • In February 2023, bakery ingredients supplier Lesaffre completed the acquisition of bakery premixes and mixes manufacturer Delavau Food Partners, broadening its product offerings.
  • In January 2023, alternative protein startup Nature's Fynd raised $350 million in a Series C funding round to expand its production of microbial protein ingredients, including those suitable for bakery applications.

Global Bakery Ingredients Key Market Trends

  • One key market trend in the bakery ingredients market is the increasing demand for clean label and natural ingredients. Consumers are becoming more conscious about the ingredients used in their food products and are seeking bakery items made with recognizable, natural, and minimally processed ingredients. This trend is driving manufacturers to reformulate their products and replace artificial additives, preservatives, and high-fructose corn syrup with cleaner alternatives. The use of natural colors, flavors, and sweeteners, as well as the incorporation of whole grains and plant-based ingredients, aligns with the growing consumer preference for healthier and more transparent bakery options.

Global Bakery Ingredients Market SkyQuest Analysis

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
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
  • Type
    • Flour, Sweetners, Emulsifiers, and Yeast
  • Application
    • Bread, Cakes and Pestries, and Cookies & Biscuits
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
  • Kerry Group plc (Ireland)
  • DuPont Nutrition & Biosciences (US)
  • Associated British Foods plc (UK)
  • Corbion N.V. (Netherlands)
  • Tate & Lyle PLC (UK)
  • Lallemand Inc. (Canada)
  • Royal DSM N.V. (Netherlands)
  • Bakels Group (Switzerland)
  • Lesaffre Group (France)
  • AAK AB (Sweden)
  • Puratos Group (Belgium)
  • Dawn Foods Ltd. (US)
  • Palsgaard A/S (Denmark)
  • Taura Natural Ingredients Ltd. (New Zealand)
  • Zeelandia International B.V. (Netherlands)
  • AB Mauri (UK)
  • Givaudan SA (Switzerland)
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  • Segments by type, application, etc
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Bakery Ingredients Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Bakery Ingredients Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

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.

Analyst Support

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.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

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). 

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. 'Cargill (US)', 'Archer Daniels Midland Company (US)', 'Ingredion Incorporated (US)', 'Kerry Group plc (Ireland)', 'DuPont Nutrition & Biosciences (US)', 'Associated British Foods plc (UK)', 'Corbion N.V. (Netherlands)', 'Tate & Lyle PLC (UK)', 'Lallemand Inc. (Canada)', 'Royal DSM N.V. (Netherlands)', 'Bakels Group (Switzerland)', 'Lesaffre Group (France)', 'AAK AB (Sweden)', 'Puratos Group (Belgium)', 'Dawn Foods Ltd. (US)', 'Palsgaard A/S (Denmark)', 'Taura Natural Ingredients Ltd. (New Zealand)', 'Zeelandia International B.V. (Netherlands)', 'AB Mauri (UK)', 'Givaudan SA (Switzerland)'

One significant driver of the bakery ingredients market is the increasing consumer preference for healthier products. With growing awareness about the importance of nutrition and well-being, consumers are actively seeking bakery products made with natural and functional ingredients. This shift in consumer demand has led to the development and incorporation of specialty ingredients, such as whole grains, natural sweeteners, and plant-based alternatives, in bakery formulations. Manufacturers are responding to this driver by offering a wide range of healthier bakery options to cater to the evolving consumer preferences.

One key market trend in the bakery ingredients market is the increasing demand for clean label and natural ingredients. Consumers are becoming more conscious about the ingredients used in their food products and are seeking bakery items made with recognizable, natural, and minimally processed ingredients. This trend is driving manufacturers to reformulate their products and replace artificial additives, preservatives, and high-fructose corn syrup with cleaner alternatives. The use of natural colors, flavors, and sweeteners, as well as the incorporation of whole grains and plant-based ingredients, aligns with the growing consumer preference for healthier and more transparent bakery options.

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.

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Global Bakery Ingredients Market

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