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Baking Ingredients Market By Type (Enzymes, Baking Powder & Mixes, Starch, Colors & Flavors) By Application (Bread, Cakes & Pastries, Biscuits & cookies, Rolls & Pies) - Global Size Analysis and Industry Forecast, 2018-2023.

 Food and Beverages

Report Overview

GLOBAL BAKING INGREDIENTS MARKET was valued at USD 12.04 Billion for the year 2017. Baking Ingredients Market is further expected to grow at a CAGR of 6.17% from 2018 to reach USD 17.24 Billion by the year 2023. European region holds the major market share whereas Asia Pacific region is considered as the fastest growing market in the forecasted period. Bakery products are considered as the best available staple food both in European & North American market. Growing inclination of end users towards convenience food in developing countries from Asia Pacific region has further anticipated strong growth in the next 5 years.

Cargill (U.S.), Kerry Group Plc (Ireland), Koninklijke DSM N.V. (Netherlands), E. I. du Pont de Nemours and Company (U.S.), Associated British Foods PLC (U.K), Archer Daniels Midland Company (U.S) are some of the top manufacturer in the Baking Ingredients Market with highest market share was held by Cargill (U.S.) in 2017. Better global reach, both at production and at an operational level are the main reasons for holding this highest market share for Cargill. New product launches and growing research and development expenditures to address changing demand of end users in recent years are also driving this market. Organic growth strategies such as merger and acquisition were adopted by these top manufacturers in recent years has provided comprehensive market opportunities for various stakeholders in the value chain.


             Number of new product launches is driving the market demand

             Increase in the shelf life of a baked final product has increased demand for the Baking Ingredients


             Comparatively high price for Baking Ingredients             

             Sustaining the taste developed by artificial ingredients over the years

             Excessive usage of Trans Fatty Acids


             Substitute for Emulsifiers to Decrease baking Cost

             Changing lifestyle in the untapped emerging market pose an opportunity for producers


             Estimating the demand to cater production capacity

             Replacement of Baked Products with Cereal

             Economical and uninterrupted Raw material supply for the production

The baking powders & mixes segment is expected to hold the maximum market share during the forecasted period. With the increasing popularity and varied application base in the bakery, confectionary, packaged foods demand for baking powders & mixes applications are helping this market to grow. Oils, fats & shortenings segment is projected to be the fastest growing market in the forecasted period with the growing concern about the artificial ingredient color usage in the food item.

On the other hand, Bread application type for this market is expected to hold the highest market share and the cookies & biscuits and cakes & pastries application-based to grow at the highest CAGR during the forecasted period. The growth is attributed to the growing demand for new and innovative product launches.

Key Benefits for Stakeholders

Baking Ingredient Manufacturers, Distributors and Retailers

Raw material suppliers

Food Processing & Food Manufacturers

Research and Consulting organization

Bakery Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Type


Baking powder & mixes


Colors & Flavors

Oils, fats & shortenings


Leavening agents


By Application


Cakes & pastries

Biscuits & cookies

Rolls & pies


By Region

North America




Key Market Players


Kerry Group PLC

Associated British Foods PLC

E.I. Dupont De Nemours and Company

Archer Daniels Midland Company

Koninklijke DSM N.V.     

Tate & Lyle PLC

Muntons PLC

British Bakels

Taura Natural Ingredients Limited



Dawn Food Products, Inc.


(A brief overview of another 10 companies is also provided)

Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques –

  1. Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
  2. Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
  3. To avoid bias, we filter the collected data collected from authenticated sources.
  4. GMI has a well proven Statistical Modeling System for estimates and forecasts.
  5. Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
  6. Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.

Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.

Table Of Content

1. Introduction           

1.1 Market Vision

     1.1.1 Market Definition

     1.1.2 Market Scope

1.2 Limitations

1.3 Stakeholders

2. Research Methodology

2.1. Research Process

       2.1.1. Secondary Research

    Key Data from Secondary Research

       2.1.2. Primary Research

    Key Data from Primary Research

    Breakdowns of Primary Interviews

2.2. Market Size Estimation

       2.2.1. Bottoms-Up Approach

       2.2.2. Top-Down Approach

       2.2.3. Annual Turnover Process

2.3. Data Triangulation

2.4. Research Assumptions

       2.4.1. Assumption

3. Executive Summary

4. Market Overview

4.1. Introduction

4.2. Drivers

4.3. Restraints

4.4. Opportunities

4.5. Challenges

5. Industry Trends

5.1. Introduction

5.2. Porter’s Five Forces Analysis

       5.2.1. Threat of New Entrants

       5.2.2. Threat of Substitutes

       5.2.3. Bargaining Power of Buyers

       5.2.4. Bargaining Power of Suppliers

       5.2.5. Intensity of Competitive Rivalry

6. Baking Ingredients Market, By Type

6.1. Enzymes

6.2. Baking powder & mixes

6.3. Starch

6.4. Colors & Flavors

6.5. Oils, fats & shortenings

6.6. Emulsifiers

6.7. Leavening agents

6.8. Others 

7. Baking Ingredients Market, By Application

7.1. Bread

7.2. Cakes & pastries

7.3. Biscuits & cookies

7.4. Rolls & pies

7.5. Others

8. Baking Ingredients Market, By Application

8.1. Bakery

8.2. Dairy

8.3. Processed Foods & Ready Meals

8.4. Beverages

8.5. Snacks

8.6. Others                   

9. Geographical Analysis

9.1. Introduction

9.2. North America

       9.2.1. U.S.

       9.2.2. Canada

       9.2.3. Mexico

9.3. Europe

       9.3.1. U.K.

       9.3.2. Germany

       9.3.3. Spain

       9.3.4. Russia

       9.3.5. RoE

9.4. Asia Pacific

       9.4.1. China

       9.4.2. India

       9.4.3. Japan

       9.4.4. South Korea

9.5. RoW

       9.5.1. Latin America

       9.5.2. Middle East and Africa

10. Company Profiles

(Business Overview, Financial Overview, Product write Up, Recent Developments)

10.1 Cargill       

10.2 Kerry Group PLC

10.3 E.I. Dupont De Nemours and Company

10.4 Archer Daniels Midland Company

10.5 Koninklijke DSM N.V.          

10.6 Tate & Lyle PLC

10.7 Associated British Foods PLC

10.8 Muntons PLC

10.9 British Bakels

10.10 Taura Natural Ingredients Limited

10.11 Brisan

(A brief overview of another 10 companies is also provided)

11. Competitive Analysis

11.1. Introduction

11.2. Market Positioning of Key Players

11.3. Competitive Strategies Adopted by Leading Players

         11.3.1. Investments & Expansions

         11.3.2. New Product Launches

         11.3.3. Mergers & Acquisitions

         11.3.4. Agreements, Joint Ventures, and Partnerships

12. Appendix

12.1. Questionnaire

12.2. Available Customizations

12.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)


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