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Baking ingredients form a vital component of confectionery products such as cakes and bread, the most popular bakery products across the globe. They are used in the preparation of bakery items that form a part of the daily diet in the western economies. Bakery products are widely preferred as they save time. Organizations are investing heavily in the research and development of methods to reduce the level of fats in bakery products, which includes the use of dietary fibers.

Drivers & Restraints:

The report provides a deep insight of the key market factors that contribute to the growth or failure of the market. The rapid growth of the bakery ingredients market can be attributed to the surge in demand for convenience food. Rapid urbanization has resulted in improved standards of living and a rise in the disposable income of the working class, thus leading to a shift in preferences towards healthy and branded food products. The market has witnessed an increasing demand for bakery products that have low trans-fat and are gluten-free. Food items with important grain, nutrition, and low sugar content have found widespread acceptance owing to the growing health concerns. The growth of the ready-to-eat and packaged food product market drives the overall development of the global bakery ingredients market.

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However, the stringent policies imposed by the regulatory bodies and the government with an aim to provide products adhering to high-quality standards restrict the rapid expansion of the global bakery ingredients industry. In addition to the regulations, the growing health issues caused due to the consumption of trans fatty acids limit the market’s growth. The rise in the demand for frozen bakery products is anticipated to provide better opportunities for the market players to expand their reach in the global bakery ingredients industry.

Bakery Ingredients Market Key Segmentation:

By Type

Enzymes

Emulsifiers

Colors & Flavors

Leaving agents

Baking Powder & Mixes

Oils, Fats & Shortening

Starch

Others

By Application

Rolls & pies

Bread

Cakes & Pastries

Cookies & Biscuits

Others

By Geography

Europe

UK

Germany

France

Spain

Italy

Russia

Rest of Europe

North America

U.S.

Canada

Mexico

Asia-Pacific

China

Japan

India

Australia

South Korea

Rest of Asia-Pacific

LAMEA

Brazil

Argentina

Africa

Saudi Arabia

Rest of LAMEA