![Global baking ingredients market](https://res.cloudinary.com/devmoveo/image/upload/v1706015372/skyquest/report/php0gO9xf.jpg)
Report ID: SQMIG30C2040
Report ID:
SQMIG30C2040 |
Region:
Global |
Published Date: July, 2036
Pages:
157
|
Tables:
98 |
Figures:
76
Based on region global baking ingredients market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa. During the projected period, the European market is expected to expand the most in terms of revenue. Increasing demand for emulsifier ingredients due to the growing popularity of premium bakery products such as low-fat, low-calorie, sugar-free, mineral and vitamin-fortified breads and cakes. For example, in September 2018, Warburtons, the UK's largest bakery brand, introduced new sourdough toasties with pockets, half loaf, white bread, and wholemeal flavours for its customers in the UK. Furthermore, the bakery ingredients market in Europe is predicted to increase due to the well-established bakery products industry, strong distribution channel, and extensive range of products, as well as increasing inclination for bakery products during festivals and special occasions. In terms of revenue, the North American market accounted for a sizable portion of the global market. Changing lifestyle habits, combined with increased customer desire for fast foods and other bakery food products, particularly among younger sections of society, drive up demand for bakery ingredients in households, restaurants, and other fast-food suppliers and outlets. These are some of the primary drivers projected to fuel significant growth in the North American baking ingredients industry. Furthermore, increased demand for high protein bakery products with low fat and no trans fats is likely to drive growth in the North America bakery ingredients market over the forecast period.
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Report ID: SQMIG30C2040