Bakery Ingredients Market Growth Analysis with New Business Challenges, Future Expansion Strategies, Industry Size, Share, Top Trends, Demands, Segmentation Outlook by-COVID-19 Impact

Kenneth Research, in its repository of market research reports, have recently added a report on Bakery Ingredients Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Bakery Ingredients Market products.

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By the end of 2050, the world’s population aged 60 years and above is anticipated to reach 2 billion, states the World Health Organization (WHO), in one of its statistics. Additionally, several manufacturers are increasingly showing interest for manufacturing healthy beverages, which is also anticipated to drive the growth of the market in the coming years.

Global Bakery Ingredients Market was valued at USD 8.2 Billion in the year 2017. Global Bakery Ingredients Market is further estimated to grow at a CAGR of 5.7% from 2019 to reach USD 12.69 Billion by the year 2025. Bakery ingredients are the food products responsible to maintain the freshness, softness, & taste; improve shelf life; and increase the protein content in the baked items. These items are available in different varieties in the Market and are considered as the basic food for human nutrition globally.

The global Bakery Ingredients Market is segmented on the basis of technology, by application, and by region. On the basis of technology the Market is segmented as Emulsifiers, Leavening Agents, Enzymes, Baking Powder & Mixes, Oils, Fats, and Shortenings, Colors & Flavors, Starch and others of which Baking Powder & Mixes segment is expected to hold the highest Market share during the forecast period. On the basis of application, the Market is segmented as Bread, Cookies & Biscuits, Rolls & Pies, Cakes & Pastries, and Others in which bread segment holds the highest Market share in the forecasted period and are expected to grow with highest CAGR

Major market players in Bakery Ingredients Market are Cargill, Koninklijke DSM N.V., Kerry Group PLC, AAK AB, Associated British Foods PLC, Tate & Lyle, Archer Daniels Midland Company, E. I. Du Pont De Nemours and Company, Lallemand Inc., Dawn Food Products Inc., and brief information of 10 companies will be provided in a report. The European region holds the highest Market share in 2017 and the Asia Pacific is considered as the fastest growing Market in the forecasted period. At a country level China, India, and Japan are the major industries in the Asia Pacific region and holds a substantial Market share in 2017 and it is projected to grow at a gradual pace in the coming years. High per capita consumption of bread was one of the major factors driving the baking ingredients Market in this region.

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SWOT Analysis of Bakery Ingredients Market:

Changing Consumer Lifestyles Increase the Demand for Convenience Foods.
Consumer preferences for healthier bakery products.

Replacement of baked products with cereals
Stringent regulations and international quality standards.

Demand for Healthier Baked Goods in Emerging markets.
Growth of Frozen Bakery Products Market

Impact of European Crisis on Consumer Spending In Baked Goods Category.
Health Issues Due to Excess Consumption of Trans Fatty Acids

Bakery Ingredients Market Segmentation:
By Applications
*Cookies & Biscuits
*Rolls & Pies
*Cakes & Pastries

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By Technology
*Leavening Agents
*Baking Powder & Mixes
*Oils, Fats, and Shortenings
*Colors & Flavors

By Region
*North America
o Canada
o Germany
o U.K.
o France
o Italy
o Rest of Europe
o China
o India
o Japan
o Rest of Asia-Pacific
o Latin America
o Middle East & Africa

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