Baking Ingredients Market Projected to Reach $16.91 Billion by 2022 | Top Key Players are Associated British Foods plc, Corbion N.V., British Bakels Limited, AarhusKarlshamn, Royal DSM N.V., and Muntons plc.

The report "Baking Ingredients Market by Type (Emulsifiers, Leavening Agents, Enzymes, Baking Powders & Mixes, Oil, Fats & Shortenings, Starch, Colors & Flavors), Application (Bread, Biscuits & Cookies, Cakes & Pastries, Rolls & Pies), and Region - Forecast to 2022". The baking ingredients market, estimated to be valued at USD 13.03 billion in 2017, is projected to grow at a CAGR of 5.4% from 2017 to 2022, to reach a value of USD 16.91 billion by 2022.

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Enzymes is projected to be the fastest-growing segment in the baking ingredients market during the forecast period.

The baking ingredients market is segmented, on the basis of types, into emulsifiers, leavening agents, enzymes, baking powder & mixes, oils, fats, and shortenings, starch, and colors & flavors and others. The enzymes segment is projected to be the fastest-growing segment in the baking ingredients market during the forecast period; this is attributed to their role as protein catalysts used to reduce mixing time, increase oxidation, manage the speed of fermentation & dough stability, and improve machinability in various bakery products. They are also used as additives in the manufacturing of bread and other fermented products to improve the texture of ready-to-eat baked goods. The rising consumer demand for healthy baked foods such as low-fat, low sugar, and high-fiber foods necessitates the need to innovate new ingredients and hence is a major factor driving the growth of the enzymes segment.

The bread segment is projected to account for the largest market share in the baking ingredients market during the forecast period.

The baking ingredients market is segmented, on the basis of applications, into breads, biscuits & cookies & biscuits, cakes & pastries, rolls & pies, and others which include pizza bases, donuts, tortillas. The bread segment is projected to be a leading segment in the baking ingredients market which is attributed to large consumption sector and being a staple food for most regions. The demand for gluten-free products is increasing as a result of the rising health awareness across the globe. Consumers are becoming more health-conscious, and their nutritional preferences are changing, leading to a rise in demand for gluten-free and low-carbohydrate products. Food manufacturers now make bread products that have reduced sodium content and low-saturated fats, with the help of emulsifiers and other additives. A growing trend has also been witnessed with respect to demand for vegetarian and organic bakery products. The demand for gluten-free products has witnessed strong growth in Europe and North America, especially in the U.S., due to awareness about the benefits of gluten-free diets.

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Europe projected to remain dominant in the baking ingredients market during the forecast period.

Europe is projected to remain the dominant regional market in the baking ingredients market during the forecast period. It remains one of the important markets for baking ingredient companies due to its size and favorable regulatory environment. The major companies operating in Europe include Associated British Foods plc (U.K.), Corbion N.V. (The Netherlands), British Bakels Limited (U.K.), AarhusKarlshamn (Sweden), Royal DSM N.V. (The Netherlands), and Muntons plc (U.K.). Factors such as increasing awareness about the benefits of natural ingredients and health consciousness have resulted in the consumer push for better foods fuels the growth of the market in this region.

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