What is the global market size of Baking Ingredients Market?

Global Baking Ingredients Market size was valued at USD 16.6 billion in 2021 and is poised to grow from USD 17.6 billion in 2022 to USD 29.73 billion by 2030, growing at a CAGR of 6% in the forecast period (2023-2030).

Who are the key vendors in the Global Baking Ingredients Market?

The baking ingredients market is characterised by the presence of well-established players as well as several small and medium-sized players. These manufacturers are pursuing a variety of strategies, including new product launches, product portfolio expansion, and mergers and acquisitions. Several large firms are forming multiple strategic alliances in order to increase their market share and get a competitive edge. 'Cargill, Incorporated', 'Archer Daniels Midland Company (ADM)', 'Kerry Group plc', 'Associated British Foods Plc (ABF)', 'Koninklijke DSM N.V.', 'Ingredion Incorporated', 'Corbion N.V.', 'Tate & Lyle plc', 'Lallemand Inc.', 'Lesaffre Group', 'DuPont de Nemours, Inc.', 'Arla Foods amba', 'Puratos Group NV', 'Dawn Food Products Inc.', 'AAK AB (publ)', 'British Bakels', 'Taura Natural Ingredients Limited', 'J&K Ingredients Corporation', 'Barry Callebaut AG', 'Callebaut & Co. NV'

What is the key driver of Global Baking Ingredients Market?

For a long time, bakery products have served as basic food items for human nourishment. Confectionery and bakery items are in high demand due to expanding convenience food demand and consumer desire for appealing, flavorful, and textural treats. The key reasons influencing their sustenance in the present baking ingredients market are their easy accessibility, lower price, and nutrition. As a result, bakery products have become a vital part of many people's life. This has increased demand for diverse baking ingredients, which are utilised to create bread products that are rich in flavour and texture.

What is the key market trend for Global Baking Ingredients Market?

When making purchasing selections, consumers are becoming more conscious of concerns such as health, sustainability, and social impact. Environmental issues have been suggested as a result of the consumption of animal-based meals. Furthermore, some people object ethically to the use of animals in food items. Consumers are encouraged to become vegans or vegetarians for reasons such as animal welfare, the environment, and personal health. According to the Good Food Institute, plant-based food retail sales in the United States have climbed by 17%, totalling over USD 3 billion. Plant-based milk and plant-based meat are the most popular plant-based foods. The need for vegan baking ingredients may rise as the market for plant-based bakery products such as vegan cake, muffins, bread, and buns expands.

Which region accounted for the largest share in Global Baking Ingredients Market?

Based on region global baking ingredients market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa. During the projected period, the European market is expected to expand the most in terms of revenue. Increasing demand for emulsifier ingredients due to the growing popularity of premium bakery products such as low-fat, low-calorie, sugar-free, mineral and vitamin-fortified breads and cakes. For example, in September 2018, Warburtons, the UK's largest bakery brand, introduced new sourdough toasties with pockets, half loaf, white bread, and wholemeal flavours for its customers in the UK. Furthermore, the bakery ingredients market in Europe is predicted to increase due to the well-established bakery products industry, strong distribution channel, and extensive range of products, as well as increasing inclination for bakery products during festivals and special occasions. In terms of revenue, the North American market accounted for a sizable portion of the global market. Changing lifestyle habits, combined with increased customer desire for fast foods and other bakery food products, particularly among younger sections of society, drive up demand for bakery ingredients in households, restaurants, and other fast-food suppliers and outlets. These are some of the primary drivers projected to fuel significant growth in the North American baking ingredients industry. Furthermore, increased demand for high protein bakery products with low fat and no trans fats is likely to drive growth in the North America bakery ingredients market over the forecast period.

Top Baking Ingredients Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Baking Ingredients Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Baking Ingredients industry players.

Baking Ingredients Market Competitive Landscape

The baking ingredients market is characterised by the presence of well-established players as well as several small and medium-sized players. These manufacturers are pursuing a variety of strategies, including new product launches, product portfolio expansion, and mergers and acquisitions. Several large firms are forming multiple strategic alliances in order to increase their market share and get a competitive edge.

Top Players in the Global Baking Ingredients Market

Cargill, Incorporated
Archer Daniels Midland Company (ADM)
Kerry Group plc
Associated British Foods Plc (ABF)
Koninklijke DSM N.V.
Ingredion Incorporated
Corbion N.V.
Tate & Lyle plc
Lallemand Inc.
Lesaffre Group
DuPont de Nemours, Inc.
Arla Foods amba
Puratos Group NV
Dawn Food Products Inc.
AAK AB (publ)
British Bakels
Taura Natural Ingredients Limited
J&K Ingredients Corporation
Barry Callebaut AG
Callebaut & Co. NV

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Global Baking Ingredients Market Size was valued at USD 20.57 Billion in 2024 and is poised to grow from USD 21.78 Billion in 2025 to USD 34.45 Billion by 2033, growing at a CAGR of 5.9% during the forecast period (2026–2033).

Baking ingredient manufacturers are expected to focus on the creation of functional ingredients to maximize their business scope. Investing in the R&D of vegan and clean-label ingredients can also help companies set themselves apart from the competition as per this baking ingredients market analysis. 'Associated British Foods plc ', 'Koninklijke DSM N.V. ', 'Lallemand Inc. ', 'Kerry Group plc ', 'Lesaffre ', 'Tate & Lyle ', 'Cargill ', 'AAK AB ', 'Dupont ', 'British Bakels ', 'Archer Daniels Midland Company ', 'Corbion ', 'Dawn Foods Products, Inc. ', 'International Flavors and Fragrances Inc. ', 'IFFCO ', 'Millbaker SAS ', 'Carif ', 'Puratos ', 'Rich Product Corporation ', 'Ireks GmbH'

Bakery product consumption in emerging countries is rising rapidly backed by rapid urbanization and growing disposable incomes. Rising consumer demand for Western-style baked products such as cakes, bread, pastries, and cookies in regions such as Asia Pacific, Latin America, and the Middle East are also favoring baking ingredients consumption. Local bakeries and global brands are expanding into these regions to tap into rising consumer demand and boost revenue generation.

Gluten-Free and Allergen-Free Product Expansion: Baking Ingredient companies are actively focusing on providing ingredients that are gluten-free owing to rising awareness regarding celiac disease. Consumers seeking safer or more inclusive dietary options are driving innovation in rice flour, almond flour, tapioca starch, and xanthan gum as gluten alternatives. This baking ingredients market trend extends beyond niche health foods into mainstream bakery offerings, with major brands launching allergen-free cakes, cookies, and breads.

Why Europe is at the Forefront of Baking ingredients Demand?

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Top Baking Ingredients Companies

Baking Ingredients Market Competitive Landscape

FAQs

What is the global market size of Baking Ingredients Market?

Who are the key vendors in the Baking Ingredients Market?

What is the key driver of Baking Ingredients Market?

What is the key market trend for Baking Ingredients Market?

Which region accounted for the largest share in Baking Ingredients Market?

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