Market Research Report
Asia Pacific Bakery Ingredients Market Forecast 2019-2027
|Asia Pacific Bakery Ingredients Market Forecast 2019-2027|
Published: November 24, 2019
Content info: 119 Pages
Delivery time: 2-3 business days
The Asia-Pacific bakery ingredient market is predicted to exhibit the highest growth in compounded annual growth rate (6.25%) over the forecast period of 2019-2027. This is expected to boost the revenue generated by the market, increasing it from $XX million in 2018 to $XX million by 2027. The manufacturers are constantly innovating and widening their product portfolios to meet the dynamic consumer demands from the APAC region.
The growth of frozen bakery products and the emerging novelty functions of baking ingredients are providing the market with lucrative growth opportunities. Also, there is a significant rise in the demand for meal solutions/ready-to-eat meals from this region. The Asia-Pacific bakery ingredient market is classified into type and application. The incorporation of bread in the Asian diet has increased significantly over the past few years. Also, baking powder & mixes has emerged as a key segment of this market. However, the switch of baked products with nutritional pulses is proving to be a major challenge for this market.
Lesaffre Group, Tate & Lyle PLC, Dawn Food Products, Inc., Kerry Group PLC, Puratos Group, The Bakels Group, Ingredion Incorporated, Lallemand Inc., Royal DSM, Cargill Incorporated, Associated British Foods PLC, DuPont Pioneer, Corbion N.V., Ashland Inc. and Archer Daniels Midland Company are few of the leading players in the baking ingredients market.