Bakery Ingredients Market is set to witness growth at a value CAGR of 6.4% over the forecast period (2022-2032)

NEW YORK, April 4, 2022 /PRNewswire/ -- Innovation in bakery supplies is aimed at enhancing the nutritional profile of products and addressing their calorie density, among other things. Consumer awareness regarding calorie density is increasing, as is the need for healthier food products. On the other hand, there is still significant craving for indulgent products. Overall, customers are looking for healthier alternatives to their favorites delicacies, which is being catered to by market players.

Request for the sample copy of report: https://www.persistencemarketresearch.com/samples/3104

For instance H.C. Brill, a subsidiary of CSM, launched a product portfolio of healthier cupcakes, dubbed Sensibly Indulgent, without sacrificing taste or enjoyment. A regular Brill slice of frosted cake contains 320 calories and 16 g of fat, whereas, the sample prototype (80 g serving size) has 200 calories and 5 g of fat (2 g saturated fat) (4g saturated fat).

Frozen bakery products and thaw-and-serve bakery products are two essential categories in this space. Frozen bakery products include frozen pizzas (most common), frozen breads, frozen pies, frozen cakes, frozen crepes, and frozen waffles, among others. The growth of baked goods has a favorable impact on the growth curve for baking ingredients, in both, the foodservice and retail sectors.

For instance, convenience stores such as 7-Eleven (24/7) mainly retail thaw & serve bakery products such as cakes, muffins, and waffles, which allows consumers to take them and go for convenience sake.

Overall, the global bakery ingredients market is set to witness growth at a value CAGR of 6.4% over the forecast period (2022-2032).

Key Takeaways from Market Study

• The market for bakery ingredients is expected to grow at CAGRs of 7.3% in South Asia and Pacific, respectively, through 2032.
• Market share of Oceania countries is 30% of South Asia and Pacific in 2022.
• The Europe bakery ingredients market is expected to reach 5,345.5 MT by the end of 2032.
• Growing consumer preference for convenience food is positively impacting the sales of bakery Ingredients across global markets. Based on application, demand for cakes and pastries is expected to increase at a CAGR of 6.5%.
• Although by product type the colors and flavors segment holds the highest market share, the yeast segment of bakery ingredients is set to surge at a CAGR of 6.3%.
• The outbreak of COVID-19 disrupted the supply chain of bakery ingredients, due to which, there was a slowdown in the market. However, the market is expected to witness significant growth over the coming years with economies providing opportunities to bakery ingredient manufacturers.

Get customized report as per requirement: https://www.persistencemarketresearch.com/request-customization/3104

"Manufacturers are offering bakery ingredients with diverse flavors, textures, and varieties to customers. With the utilization of advanced ingredients and state-of-the-art manufacturing techniques, companies are providing pioneering solutions in regards to baking Ingredients. Moreover, offering flavor, color, and clean label bakery ingredients are among the strategies being adopted by market participants," says a Persistence Market Research analyst.

Competitive Landscape

Key companies involved in the manufacturing of bakery ingredients are majorly focusing on expanding their product portfolios by adding innovative flavors to their bakery ingredients. These key manufacturers also provide clean label bakery ingredients to help maintain transparency about their offerings.

• In May 2018, Corbion N.V introduced Pristine (clean-label cake solutions) for mixes, bases, and icing stabilizers to help bakery manufacturers meet the ever-increasing demand for simplified ingredients. Corbion broadened its clean-label portfolio to include cake mixes, bases, and icing stabilizers.
• In March 2018, Kerry Group invested in its Thailand operations, and announced the opening of its expanded regional development and application center in Bangpoo, Thailand. The expanded center helped Kerry work with consumers at all the stages of product development for a range of categories, including meat, snacks, bakery, etc.

Get full access of report: https://www.persistencemarketresearch.com/checkout/3104

Explore More Valuable Insights

Persistence Market Research, in its new report, offers an impartial analysis of the global bakery ingredients market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on product type (enzymes, emulsifiers, colors & flavors, yeast, and fats & oils), application (bread, cakes & pastries, cookies & biscuits, and others), and distribution channel (traditional trade, modern trade, and industrial, foodservice (HoReCa)), across six major regions of the world.

Related Reports:

• Organic Bakery Ingredients Market
• Bioactive Ingredients Market
• Cereal Ingredients Market
• Dairy Ingredients Market

About Persistence Market Research:

Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on "micros" by Persistence Market Research helps companies overcome their "macro" business challenges.

Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies'/clients' shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.

Contact :
Rajendra Singh
Persistence Market Research 
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA - Canada Toll-Free: 800-961-0353
Email: [email protected] 
Visit Our Website: https://www.persistencemarketresearch.com

SOURCE Persistence Market Research Pvt. Ltd.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED