Bakery Ingredients Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Baking Ingredients Market Suppliers & Size. The market is segmented by Ingredients Type (Baking Enzymes, Leavening Agents, Fats and Shortenings, Sweeteners, Colors and Flavors, Preservatives, and Other Ingredient Types), Application (Bread, Cakes and Pastries, Rolls and Pies, Cookies and Biscuits, and Other Applications), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The market size and values are provided in terms of (USD Million) during the forecasted years for the above segments.

Bakery Ingredients Market Size

Bakery Ingredients Market Summary
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Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.12 %
Fastest Growing Market Asia Pacific
Largest Market Europe
Market Concentration Low

Major Players

Bakery Ingredients Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Bakery Ingredients Market Analysis

The Bakery Ingredients Market is projected to register a CAGR of 6.12% during the forecast years.

The rising demand for convenience food and consumer preference for attractive, tasty and textured delicacies, easy accessibility, and lower prices are expected to increase the demand for bakery ingredients. The evolving retail landscape of bakery products has been one of the crucial factors in expanding the market over the last few years. The market witnessed a high consumption rate in the categories of cakes, pastries, pies, scones, bread, biscuits, and cereals in the developed markets of North America and Western Europe. The trend of developing healthy alternatives is possible owing to the provision of adding fiber. Also, the enhancement of the nutritional level in bakery products has gained momentum. Incorporating functional ingredients, such as omega-3, multigrain, probiotics, multivitamins, and phytosterols, in bakery products adds additional nutritional value. However, stringent regulations and international quality standards are expected to slow down the market's growth.

The market is also driven by the rising demand for superior, authentic, and high-quality ingredients that fulfill the consumer's expectations for fresh, nutritious, and flavorful baked commodities. Consumers have shown greater interest in the simplicity and sustainability of bakery products; they are increasingly curious about the quality and origin of the ingredients, along with the health-promoting label claims. This trend has prompted manufacturers to source ingredients with superior nutritional and sensory characteristics. The recent trend toward more natural- and artisan-type bakery products has led to the utilization of minimally processed baking ingredients. Bakers are putting greater emphasis on higher-quality flours and the inclusion of specialty ingredients.

Bakery Ingredients Market Trends

Growing Demand for Ready-to-eat Bakery Products

The market is witnessing a shift in consumer preferences for ready-to-eat products, owing to working individuals' busy lifestyles and hectic work schedules. This change in consumer behavior will likely uplift the market studied significantly in the forecast period. Ready-to-eat products are considered the closest alternative to regular food, which can be consumed at any time. The surging demand for baked foods can be attributed to the rising food trend of convenience foods. In developed countries like the United States and the United Kingdom, several local bakery businesses, cafes, and supermarkets have emerged in recent years to cater to the increased demand for fresh and frozen bakery goods and varied bakery ingredients. The growing demand for ready-to-eat food is expected to boost the bakery ingredients market.

The shift from conventional home-cooked food to convenience foods has also increased the demand for these bakery ingredients in emerging markets. Adoption of a westernized lifestyle, double-income families, emphasis on healthier lifestyles, greater nutrition awareness, and increase in disposable income are the major factors that are responsible for the increasing expenditure on bakery products and growth in the baked foods industry, which, in turn, will drive the demand for bakery ingredient manufacturers. Also, growing consumer demand for nutritional content in baked foods with low sugar, whole grain, and zero trans-fat per serving is increasing the demand for bakery food.

Bakery Ingredients Market: Household Expenditure On Bakery Products, In USD, United States, 2018-2021

Europe Holds Major Market Share

Europe accounted for the largest bakery ingredients market share and is predicted to remain the leading segment during the forecast period. The European market growth is supported by more than 150 bakery companies and the growing trend of snacking culture. Due to the high consumption of the product in the region, consumers constantly seek healthier alternatives such as bread with whole grains, high-fiber, and omega-3 content. Many consumers buy gluten-free and reduced trans-fat bakery products to support the health and wellness trend in the region. Also, gluten-free bread is easy to digest and better for health. The European market is chiefly flourishing because of the higher percentage of bread consumed in the region. This, combined with factors like rising consumer demand for healthy and convenient products and an increased focus towards cost reduction while simultaneously improving the quality & shelf life of the products is propelling the market growth.

Cookies and biscuits are becoming increasingly popular, particularly among youngsters. Continuous product developments that improve the taste, texture, and health advantages of the food item are driving up demand for cookies and biscuits. To appeal to consumers, manufacturers are emphasizing new flavors and packaging, which is propelling the demand for flavors and color ingredients in products. Additionally, cookies and biscuits, as well as other confectionery items like chocolates, are popular gift presents. Low-calorie cookies and biscuits are also gaining popularity among health-conscious consumers, which is helping the bakery ingredients business.

Bakery Ingredients Market: Market CAGR (%), By Geography, Global, 2022

Bakery Ingredients Industry Overview

The bakery ingredients market is highly competitive, with the presence of global players such as Cargill Inc., Archer Daniels Midland Company, Associated British Foods PLC, Kerry Group PLC, and Koninklijke DSM NV. The leading market players have been using strategies, such as partnerships, expansions, and new product launches, to increase their global presence and their productivity. Innovations in food ingredients by consumer preferences also meet the company's objectives of reducing costs. For instance, Corbion unveiled the Pristine 3000 last year, the company's most robust dough conditioning innovation yet, adding to its Pristine range of clean-label solutions. The solution enables bakers to overcome common challenges, such as wheat protein inconsistencies and high-speed processing, without relying on gluten supplementation and conventional solutions, like diacetyl tartaric acid ester of monoglycerides (DATEM).

Bakery Ingredients Market Leaders

  1. Cargill Inc.

  2. Archer Daniels Midland Company

  3. Associated British Foods Plc

  4. Kerry Group plc.

  5. Koninklijke DSM N.V

*Disclaimer: Major Players sorted in no particular order

Bakery Ingredients Market Concentration
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Bakery Ingredients Market News

  • Sept 2022: Kemin launched the new SHIELD Pure, a clean label mold inhibitor, to its portfolio of solutions that help bakers extend shelf life and improve the performance of bread. It helps bakers overcome formulation and process challenges to formulate the perfect baked goods, flatbreads, and tortillas that stay fresher and safer for longer.
  • Sept 2022: Angel Yeast launched the latest dry yeast product Premium Dry Yeast to address many baking challenges at Bakery China. These innovative yeasts meet the latest requirements of the baking industry for stability, convenience, and overall adaptability.
  • Oct 2021: Cargill launched a soluble rice flour, SimPure 92260, that exhibits similar taste, texture, and functionality as maltodextrin, an ingredient commonly used as a bulking agent and flavor carrier. This ingredient carries similar qualities to maltodextrin and can be used in various applications, including bakery.

Bakery Ingredients Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables and Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Ingredients Type

      1. 5.1.1 Baking Enzymes

      2. 5.1.2 Leavening Agents

      3. 5.1.3 Fats and Shortenings

      4. 5.1.4 Sweeteners

      5. 5.1.5 Colors and Flavors

      6. 5.1.6 Preservatives

      7. 5.1.7 Other Ingredient Types

    2. 5.2 Application

      1. 5.2.1 Bread

      2. 5.2.2 Cakes and Pastries

      3. 5.2.3 Rolls and Pies

      4. 5.2.4 Cookies and Biscuits

      5. 5.2.5 Other Applications

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 Germany

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Spain

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 United Arab Emirates

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Cargill Inc.

      2. 6.3.2 Archer Daniels Midland Company

      3. 6.3.3 Associated British Foods Plc

      4. 6.3.4 Kerry Group plc.

      5. 6.3.5 Koninklijke DSM N.V

      6. 6.3.6 International Flavors & Fragrances Inc.

      7. 6.3.7 Lallemand Inc.

      8. 6.3.8 Corbion N.V

      9. 6.3.9 Tate & Lyle PLC

      10. 6.3.10 Ingredion Inc

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Bakery Ingredients Industry Segmentation

The ingredients used in baking and making bakery products are called bakery ingredients. They are intended to bring about taste, flavor, and freshness and increase the shelf life of baked commodities. 

The Bakery Ingredients Market is segmented by Ingredients Type (Baking Enzymes, Leavening Agents, Fats and Shortenings, Sweeteners, Colors and Flavors, Preservatives, and Other Ingredient Types), Application (Bread, Cakes and Pastries, Rolls and Pies, Cookies and Biscuits, and Other Applications), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers market size and values in (USD Million) during the forecast years for the above segments.

Ingredients Type
Baking Enzymes
Leavening Agents
Fats and Shortenings
Sweeteners
Colors and Flavors
Preservatives
Other Ingredient Types
Application
Bread
Cakes and Pastries
Rolls and Pies
Cookies and Biscuits
Other Applications
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
United Arab Emirates
South Africa
Rest of Middle-East and Africa
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Bakery Ingredients Market Research FAQs

The Bakery Ingredients Market is projected to register a CAGR of 6.12% during the forecast period (2024-2029)

Cargill Inc., Archer Daniels Midland Company, Associated British Foods Plc, Kerry Group plc. and Koninklijke DSM N.V are the major companies operating in the Bakery Ingredients Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Europe accounts for the largest market share in Bakery Ingredients Market.

The report covers the Bakery Ingredients Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Bakery Ingredients Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Baking Ingredients Industry Report

Statistics for the 2024 Baking Ingredients market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Baking Ingredients analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Bakery Ingredients Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)