Latest News- Baking Ingredients Market: Flour is expected to lead the Product segment during 2025-2029

The Baking Ingredients Market is being driven by Growing demand for bakery items due to urbanization

The Baking Ingredients Market is expected to grow at a CAGR of 6.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 7278.5 million. The global baking ingredients market is experiencing a significant shift towards the use of health-conscious ingredients, such as aluminum-free baking powder, gluten-free flour, and organic baking flour. This trend is driven by the increasing demand from health-conscious consumers for bakery products that offer perceived health benefits. Organic baking ingredients, which are free from synthetic pesticides, chemical additives, and genetically modified organisms (GMOs), have gained popularity due to their health advantages. Despite the higher cost of manufacturing and sourcing raw materials, the demand for organic and gluten-free bakery products is expected to continue growing, necessitating the development of specialized baking ingredients to cater to these preferences. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Flour
  • Yeast ingredients
  • Fats and shortening
  • Sweeteners
  • Others
• Application
  • Bread
  • Cookies and biscuits
  • Cakes and pastries
  • Others
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • APAC
    • China
    • India
    • Japan
  • North America
    • Canada
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing demand for bakery items due to urbanization
• Expansion in retail landscape
• Rising prominence of in-store bakeries in supermarkets

However, the market also witnesses some limitations, which are as follows:

• Growing health concerns about diabetes and obesity
• Fluctuating raw material prices of baking ingredients
• Changing consumer preferences and dietary trends

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Market Scope in Baking Ingredients Market Research Report

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Research Analysis Overview

The Baking Ingredients Market encompasses various components such as bakery and baked goods, with key elements being baking soda and baking powder. Urbanization and lifestyle disorders drive the demand for convenience foods like pies, leading to increased usage of ingredients like cocoa powder, enzymes, and emulsifiers. Young people's preferences lean towards alternative snack products, impacting the market for saturated fat and cholesterol-rich ingredients. The food and beverage industry's growth contributes to the market expansion, with online retail stores facilitating easy access to baking ingredients like baking powders, convenience foods, and alternative snacks.

Market Research Overview

The Baking Ingredients Market encompasses vendors engaged in the production and supply of essential components used in the preparation of baked goods. This market segment is a subset of the broader Packaged Foods and Meals industry, which includes manufacturers and processors focusing on eliminating microorganisms and extending product shelf life. According to Technavio, the global Baking Ingredients Market size is determined by the consolidated revenue generated by market participants. The market scope excludes providers of food processing equipment and those producing packaged alcoholic and non-alcoholic beverages, including mineral waters. Market expansion will be influenced by factors such as the health benefits linked to the consumption of minimally processed foods, like baking soda, which are rich sources of nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C, contributing to a healthier lifestyle.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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