PUBLISHER: Acute Market Reports | PRODUCT CODE: 1293848
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1293848
Bakery Ingredients Market is Expected to Grow at 5.8% by 2031. The bakery industry is one of the rapidly growing segments all across the globe. Changing food habits in urban areas, due to changing lifestyles and enhanced standards of living has resulted in robust growth of the bakery industry all over the world. The bakery ingredients possess different functionalities such as maintaining freshness, emulsification, and strengthening of protein.
The global bakery ingredients market is growing at a rapid pace and is anticipated to attain significant growth over the next seven years till 2023. Increasing demand for nutritional content in baked food, movement to convenience foods from conventional home-cooked food, changing lifestyle, and rising popularity of eating healthy food is expected to fuel the growth of the bakery ingredients market till 2023.
At present, the Europe region captured the maximum share in the revenue of the bakery ingredients market and is anticipated to dominate over the forecast period. Bakery ingredients which include baking powder, enzymes, and leavening agents are amongst the most significantly used ingredients in the region. Over the next few years, the Asia Pacific region is anticipated to observe robust growth. Increasing per capita consumption of baked foods in the countries such as India and China is expected to impel the growth of the market over the forecast period.
The global bakery ingredients market is mainly concentrated in Europe. Major players are adopting different market strategies to enter and enhance their market position and distribution network.
|
|
This study report represents an analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. A key data point that enables the estimation of Bakery Ingredients market are as follows:
Micro and macro environment factors that are currently influencing the Bakery Ingredients market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top-down and bottom-up approaches for validation of market estimation assures logical, methodical, and mathematical consistency of the quantitative data.