New report on Baking Ingredients market is segmented geographically into North America, Europe, Asia Pacific and RoW. North America and Europe are the major markets as bakery products are regularly consumed in these regions. However, it is expected that there would be tremendous growth in Asia-Pacific as lifestyles in these regions are changing and there is a gradual acceptance of western food culture. Countries such as China and India would witness growth mainly due their large population, which would be the driving force for growth in the market. Baking ingredients such as flour, baking powder, yeast, etc., are used to make bakery products. The most popular bakery products include cakes and breads. Baking ingredients are widely used in a range of food products. These products have high consumption rate; hence, the demand is huge. Bakery products are part of the staple food in western cultures and this is the major factor driving the market. Cakes, cookies, breads are consumed on a daily basis and are part of the staple food in these regions. Economic slowdown has resulted in a lower consumption of fancy bakery goods, which is a challenge to growth of this market. Opportunities for this market are tremendous, due to the growing acceptance of western food cultures, higher disposable incomes and advancement in technology.
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The ingredients used for baking are baking powder, flour, baking soda, butter, eggs, yeast, honey, fruits, nuts , flavor additives, preservatives, enzymes, color additives etc. Pre-mixes for cakes and bread are available in the market and are in high demand, as these are very convenient to use for baking. The companies in this market are Dawn Foods Ltd, Muntons Plc. British Bakels, Taura, Lesaffre, DSM and AAK UK. In January 2012, Lesaffre launched a new product ‘Star Bake’, which is a ready to use blend of yeast, dough improvers, and other ingredients. The products would help professionals in food industry to produce high quality products.
The market is segmented by type of ingredients, which would enable a deeper understanding of the scope for this market. In-depth analysis of the current market scenario and future estimations for the period of 2013-2020 would enable stakeholders to understand the future potential of this market. Geographic segmentation would enable stakeholders to make region specific plans for growth in untapped regions Porters five force model and SWOT analysis would help in understanding the competition in the market which would help in making strategic decisions for further expansion. Market segmentation by type, products and geography would give a clear picture of the current market scenario, which would help in making decisions
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Market By Ingredients
Market By Products
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