Latest Bakels News
Oct 8, 2022
News Provided By Share This Article Bakery Ingredients Industry Key factor that fuels the growth of global market include busy lifestyle of people, which in turn propels the demand for convenient, time-saving bakery products PORTLAND, OR, UNITED STATES, October 8, 2022 / EINPresswire.com / -- Bakery ingredients are the building blocks of finished bakery foods such as bread, cookies & biscuits, rolls & pies, cakes & pastries, and others. Increase in trend of healthy eating and rise preference for convenience food are the primary factors boosting the growth of the market. Prominent players and large corporates are developing their products to follow the consumer trends and boost the company growth to occupy major bakery ingredients market share. Bakery Ingredients Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global bakery ingredients market size was valued at $12,960.0 million in 2020, and is projected to reach $22,592.6 million by 2030, registering a CAGR of 5.6% from 2021 to 2030. The key factor that fuels the growth of the global market include busy lifestyle of people, which in turn propels the demand for convenient and time-saving bakery products. Moreover, growth in demand for Western-style diet in developing nations, and rise in trend of low-trans fat & gluten-free products fuel the growth in the bakery ingredients market demand. In addition, alarming obesity rates and increasing fitness-related concerns have shifted the interest of consumers toward healthier bakery food items. However, inclination toward healthier cereals, such as oats, as compared to baked products and stringent regulations on the ingredients used in baked food products & international quality standards hamper the bakery ingredients market growth. Request Free Sample Report at: https://www.alliedmarketresearch.com/request-sample/2366 Players in the bakery ingredients market have adopted business expansion and product launch as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the bakery ingredients industry. The key players profiled in the report include Archer-Daniels-Midland Company, Associated British Foods Plc., Cargill Incorporated, E. I. Du Pont De Nemours and Company, Ingredion Incorporated, Kerry Group, Plc., Koninklijke DSM N.V., Dawn Food Products, Inc., Bakels Group, and Lallemand Inc. The other players in the value chain include Sdzucker, Taura Natural Ingredients Ltd., AAK AB, Tate & Lyle PLC, Corbion N.V., IFFCO Corporate, CSM Bakery Solutions, Novozymes, and Puratos Group. Key findings of the study The global bakery ingredients market size was valued at $12,960.0 million in 2020, and is projected to reach $22,592.6 million by 2030, registering a CAGR of 5.6% from 2021 to 2030. By type, the dry baking mix was the highest contributor to the market, with $2,392.6 million in 2020, and is estimated to reach $4,286.9 million by 2030, at a CAGR of 5.9% during the forecast period. By application, the bread segment was the highest contributor to the market, with $8,945.8 million in 2020, and is estimated to reach $15,400.6 million by 2030, at a CAGR of 5.5% during the forecast period. By region, Europe was the highest revenue contributor, accounting for $5,094.6 million in 2020, and is estimated to reach $8,607.0 million by 2030, with a CAGR of 5.3%. Need a Discount? Getting Exclusive Discount And Free Consultation: https://www.alliedmarketresearch.com/purchase-enquiry/2366 Reasons to Buy This Bakery Ingredients Market Report: ○ Mergers and acquisitions should be well-planned by identifying the best manufacturer. ○ Sort new clients or possible partners into the demographic you’re looking for. ○ Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations. ○ Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene. ○ To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects. ○ Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge. ○ To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors. Other Trending Reports: About Us Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. David Correa
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