• The premixes segment accounted for nearly one-fifth of the total ingredients market share in 2019 and is expected to remain the highest-grossing distribution through 2027
Consumer preference for healthy bakery products, changes in consumption habits and lifestyle, and demand for convenience foods are driving evident growth in the global bakery ingredients market.
The latest report published by Allied Market Research (AMR) on the global bakery ingredients market highlights some important details. The global bakery ingredients market generated USD 13,9 billion in 2019 and is expected to reach USD 19,2 billion by 2027, registering a CAGR of (Compound Annual Growth Rate, average annual growth rate) of 5,7% in the period 2021-2027, according to the recent report published by Allied Market Research (AMR).
The fiber segment will have the highest growth rate
Europe held the largest market share in 2019 and is expected to maintain its leading position in the bakery ingredients market until 2027.
On the other hand, the Asia-Pacific region is expected to register the fastest average annual growth rate of 6,6% during the forecast period.
By ingredient type, the premixes segment accounted for nearly one-fifth of the total share in 2019 and is expected to hold the highest revenue market share during the forecast period. However, the fiber segment is projected to have the highest growth rate of 7,5% from 2021 to 2027.
Will the bread ingredients segment maintain its dominant share?
A demand analysis reveals that the bread making segment accounted for more than two-thirds of the global bakery ingredients market in 2019. It is expected to maintain its dominant share throughout the forecast period from 2021 to 2027. However , estimates show that globally, the specialties and pies segment would show the highest CAGR rate of 6,7% in the period 2021-2027.
Allied Market Research analysis
Baking ingredients are food products that help maintain freshness, softness and taste. They also improve shelf life and increase the protein content of baked goods. The choice of ingredients and compositions determine the flavor and texture of the bakery product. The demand for products such as bread or biscuits is growing at a significant rate and is anticipated to provide growth opportunities over the forecast period.
According to the bakery ingredients market analysis, the market is segmented by ingredient types (enzymes, fibers, colors, flavors, emulsifiers, antimicrobials, fats, premixes, and others). By use, the analysis is segmented into breads, cakes and biscuits, specialty breads and pies, cakes and pastries, and others.
Global Opportunity Analysis and Forecast 2021–2027, published by Allied Market Research, you can study it HERE
Read on the Arta Albă website and: Romanians continued to buy fresh bread, even if they went shopping less often
