According to a market report by Lucintel, the future of the global bakery ingredient market looks promising with opportunities in the bread, cakes & pastries, and rolls & pies markets. The global bakery ingredient market is expected to reach an estimated $22.14 billion by 2030 with a CAGR of 5.7% from 2024 to 2030. The major drivers for this market are growing demand for multi-cuisine bakery products, increasing demand for convenience food, and rising consumer preference towards attractive, tasty and textured delicacies.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in bakery ingredient market to 2030 by product (emulsifiers, yeast, enzymes, baking powder & mixes, oils, fats, & shortenings, colors & flavors, starch, preservatives, and others), end use (bread, cakes & pastries, cookies & biscuits, rolls & pies, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Lucintel forecasts that baking powders & mixes is expected to remain the largest segment over the forecast period.
Within this market, bread will remain the largest segment due to cost-effectiveness and nutritional value.
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North America is expected to witness highest growth over the forecast period due to changing lifestyle and growing demand for convenience food in the region
Flower Foods, Hostess Brands, George Weston, Grupo Bimbo, Nestle, Finsbury Food, Aryzta, Britannia Industries, Tiger Brands, and Goodman Fielder are the major suppliers in the bakery ingredient market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cast visit Lucintel’sAnalytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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