Baking Ingredients Market Size, Share, Trends, Industry Analysis Report: By Product, By End Use, and By Region

Description

List of Tables

The baking ingredients market size is expected to reach USD 33.05 billion by 2034, according to a new study by Polaris Market Research. The report "Baking Ingredients Market Share, Size, Trends, Industry Analysis Report: By Product, By End Use (Bread, Cakes and Pastries, Cookies and Biscuits, Rolls and Pies, and Others), and By Region; Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

Baking ingredients are the raw materials used to make baked goods such as bread, cakes, cookies, and pastries. They include items such as flour, sugar, eggs, butter, baking powder, and flavorings that help create texture, taste, and structure in baked products.

Consumers having high disposable income, especially in developing countries, tend to spend more on premium and specialty foods. This includes baked goods made with high-quality or gourmet ingredients. Consumers are no longer just buying basic bread. They want croissants, cupcakes, and other fancy treats. This shift drives the need for unique baking ingredients such as flavored extracts, high-end chocolate, and organic flour. Extra income encourages people to experiment in the kitchen or purchase from premium bakeries, creating more opportunities for businesses selling baking ingredients to grow and introduce upscale product lines, thereby driving the baking ingredients market growth.

People are becoming more health-conscious and want to eat food that's better for their health. This shift in thinking has influenced the baking industry, with more customers preferring gluten-free, low-sugar, organic, and plant-based baking ingredients. Instead of using regular flour or sugar, many are choosing healthier alternatives such as almond flour, coconut sugar, or natural sweeteners. Brands are also creating products that don't include artificial additives. The demand for healthier baking ingredients is growing as consumers focus on fitness, diets, and clean eating, encouraging companies to innovate and offer better-for-you options that still taste great, thereby propelling the baking ingredients market expansion.

Baking Ingredients Market Report Highlights

Based on product, in 2024, the baking powder & mixes segment dominated the baking ingredients market revenue share, as it is widely employed as a fundamental component in bakery products worldwide.

The bread segment, by end use, is expected to witness significant growth during the forecast period as it is used as a staple food in numerous countries globally, with its consistent demand growth attributed to affordability and nutritional value.

In 2024, North America dominated the market. The trend of on-the-go food lifestyles in countries such as Canada and the US is driving the demand for bakery products in the region.

The Asia Pacific market is expected to record the highest CAGR during the forecast period as many businesses are inclined to enhance their production volume and employ new production techniques to deliver high-quality products.

A few global key market players are Aryzta AG, Associated British Foods plc, Bread Talk Co. Ltd, Britannia Industries Ltd, Finsbury Food Group, Flower Foods Inc, General Mills Inc, George Weston Ltd, Goodman Fielder, Grupo Bimbo S.A.B. de C.V, Hostess Brands LLC, Koninklijke DSM V.V, Mckee Foods Corporation, Mondelez International, Monginis Food Pvt. Ltd., Nestle SA, Tiger Brands Company, Uniferm GmbH & Co., and Yamazaki Baking Co. Ltd.

Polaris Market Research has segmented the market report on the basis of product, end use, and region:

By Product Outlook (Revenue, USD Billion; 2020-2034)

Oils, Fats, and Shortenings

Enzymes

Preservatives

Colors & Flavors

Starch

Baking Powder & Mixes

Yeast

Emulsifiers

Others

By End Use Outlook (Revenue, USD Billion; 2020-2034)

Bread

Cakes and Pastries

Cookies and Biscuits

Rolls and Pies

Others

By Regional Outlook (Revenue, USD Billion; 2020-2034)

North America

Canada

Europe

Germany

France

Italy

Spain

Russia

Netherlands

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Australia

Rest of Asia Pacific

Latin America

Argentina

Brazil

Mexico

Rest of Latin America

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa

Rest of Middle East & Africa

Product Code: PM1977

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global Baking Ingredients Market Insights

4.1. Baking Ingredients Market - Market Snapshot
4.2. Baking Ingredients Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Expansion of Bakery Industry
  - 4.2.1.2. Expansion of Retail Channels and Quick Commerce.
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. High Cost of Specialty and Organic Ingredients
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Baking Ingredients Market End Use Trends
4.6. Value Chain Analysis

5. Global Baking Ingredients Market, by Product

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
5.3. Oils, Fats, and Shortenings
- 5.3.1. Global Baking Ingredients Market, by Oils, Fats, and Shortenings, by Region, 2020-2034 (USD Billion)
5.4. Enzymes
- 5.4.1. Global Baking Ingredients Market, by Enzymes, by Region, 2020-2034 (USD Billion)
5.5. Preservatives
- 5.5.1. Global Baking Ingredients Market, by Preservatives, by Region, 2020-2034 (USD Billion)
5.6. Colors & Flavors
- 5.6.1. Global Baking Ingredients Market, by Colors & Flavors, by Region, 2020-2034 (USD Billion)
5.7. Starch
- 5.7.1. Global Baking Ingredients Market, by Starch, by Region, 2020-2034 (USD Billion)
5.8. Baking Powder & Mixes
- 5.8.1. Global Baking Ingredients Market, by Baking Powder & Mixes, by Region, 2020-2034 (USD Billion)
5.9. Yeast
- 5.9.1. Global Baking Ingredients Market, by Yeast, by Region, 2020-2034 (USD Billion)
5.10. Emulsifiers
- 5.10.1. Global Baking Ingredients Market, by Emulsifiers, by Region, 2020-2034 (USD Billion)

6. Global Baking Ingredients Market, by End Use

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
6.3. Bread
- 6.3.1. Global Baking Ingredients Market, by Bread, by Region, 2020-2034 (USD Billion)
6.4. Cakes and Pastries
- 6.4.1. Global Baking Ingredients Market, by Cakes and Pastries, by Region, 2020-2034 (USD Billion)
6.5. Cookies and Biscuits
- 6.5.1. Global Baking Ingredients Market, by Cookies and Biscuits, by Region, 2020-2034 (USD Billion)
6.6. Rolls and Pies
- 6.6.1. Global Baking Ingredients Market, by Rolls and Pies, by Region, 2020-2034 (USD Billion)
6.7. Others
- 6.7.1. Global Baking Ingredients Market, by Others, by Region, 2020-2034 (USD Billion)

7. Global Baking Ingredients Market, by Geography

7.1. Key Findings
7.2. Introduction
- 7.2.1. Baking Ingredients Market Assessment, By Geography, 2020-2034 (USD Billion)
7.3. Baking Ingredients Market - North America
- 7.3.1. North America: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
- 7.3.2. North America: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
- 7.3.3. Baking Ingredients Market - U.S.
  - 7.3.3.1. U.S.: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
  - 7.3.3.2. U.S.: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
- 7.3.4. Baking Ingredients Market - Canada
  - 7.3.4.1. Canada: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
  - 7.3.4.2. Canada: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
7.4. Baking Ingredients Market - Europe
- 7.4.1. Europe: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
- 7.4.2. Europe: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
- 7.4.3. Baking Ingredients Market - UK
  - 7.4.3.1. UK: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
  - 7.4.3.2. UK: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
- 7.4.4. Baking Ingredients Market - France
  - 7.4.4.1. France: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
  - 7.4.4.2. France: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
- 7.4.5. Baking Ingredients Market - Germany
  - 7.4.5.1. Germany: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
  - 7.4.5.2. Germany: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
- 7.4.6. Baking Ingredients Market - Italy
  - 7.4.6.1. Italy: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
  - 7.4.6.2. Italy: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
- 7.4.7. Baking Ingredients Market - Spain
  - 7.4.7.1. Spain: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
  - 7.4.7.2. Spain: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
- 7.4.8. Baking Ingredients Market - Netherlands
  - 7.4.8.1. Netherlands: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
  - 7.4.8.2. Netherlands: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
- 7.4.9. Baking Ingredients Market - Russia
  - 7.4.9.1. Russia: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
  - 7.4.9.2. Russia: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
- 7.4.10. Baking Ingredients Market - Rest of Europe
  - 7.4.10.1. Rest of Europe: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
  - 7.4.10.2. Rest of Europe: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
7.5. Baking Ingredients Market - Asia Pacific
- 7.5.1. Asia Pacific: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
- 7.5.2. Asia Pacific: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
- 7.5.3. Baking Ingredients Market - China
  - 7.5.3.1. China: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
  - 7.5.3.2. China: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
- 7.5.4. Baking Ingredients Market - India
  - 7.5.4.1. India: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
  - 7.5.4.2. India: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
- 7.5.5. Baking Ingredients Market - Malaysia
  - 7.5.5.1. Malaysia: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
  - 7.5.5.2. Malaysia: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
- 7.5.6. Baking Ingredients Market - Japan
  - 7.5.6.1. Japan: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
  - 7.5.6.2. Japan: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
- 7.5.7. Baking Ingredients Market - Indonesia
  - 7.5.7.1. Indonesia: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
  - 7.5.7.2. Indonesia: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
- 7.5.8. Baking Ingredients Market - South Korea
  - 7.5.8.1. South Korea: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
  - 7.5.8.2. South Korea: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
- 7.5.9. Baking Ingredients Market - Australia
  - 7.5.9.1. Australia: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
  - 7.5.9.2. Australia: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
- 7.5.10. Baking Ingredients Market - Rest of Asia Pacific
  - 7.5.10.1. Rest of Asia Pacific: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
  - 7.5.10.2. Rest of Asia Pacific: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
7.6. Baking Ingredients Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
- 7.6.2. Middle East & Africa: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
- 7.6.3. Baking Ingredients Market - Saudi Arabia
  - 7.6.3.1. Saudi Arabia: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
  - 7.6.3.2. Saudi Arabia: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
- 7.6.4. Baking Ingredients Market - UAE
  - 7.6.4.1. UAE: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
  - 7.6.4.2. UAE: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
- 7.6.5. Baking Ingredients Market - Israel
  - 7.6.5.1. Israel: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
  - 7.6.5.2. Israel: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
- 7.6.6. Baking Ingredients Market - South Africa
  - 7.6.6.1. South Africa: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
  - 7.6.6.2. South Africa: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
- 7.6.7. Baking Ingredients Market - Rest of Middle East & Africa
  - 7.6.7.1. Rest of Middle East & Africa: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
  - 7.6.7.2. Rest of Middle East & Africa: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
7.7. Baking Ingredients Market - Latin America
- 7.7.1. Latin America: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
- 7.7.2. Latin America: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
- 7.7.3. Baking Ingredients Market - Mexico
  - 7.7.3.1. Mexico: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
  - 7.7.3.2. Mexico: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
- 7.7.4. Baking Ingredients Market - Brazil
  - 7.7.4.1. Brazil: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
  - 7.7.4.2. Brazil: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
- 7.7.5. Baking Ingredients Market - Argentina
  - 7.7.5.1. Argentina: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
  - 7.7.5.2. Argentina: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)
- 7.7.6. Baking Ingredients Market - Rest of Latin America
  - 7.7.6.1. Rest of Latin America: Baking Ingredients Market, by Product, 2020-2034 (USD Billion)
  - 7.7.6.2. Rest of Latin America: Baking Ingredients Market, by End Use, 2020-2034 (USD Billion)

8. Competitive Landscape

8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles

9.1. Aryzta AG
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
9.2. Associated British Foods plc
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
9.3. Bread Talk Co. Ltd
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
9.4. Britannia Industries Ltd
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
9.5. Finsbury Food Group
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
9.6. Flower Foods Inc
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
9.7. General Mills Inc
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
9.8. George Weston Ltd
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
9.9. Goodman Fielder
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
9.10. Grupo Bimbo S.A.B. de C.V
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
9.11. Hostess Brands LLC
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
9.12. Koninklijke DSM V.V
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
9.13. Mckee Foods Corporation
- 9.13.1. Company Overview
- 9.13.2. Financial Performance
- 9.13.3. Product Benchmarking
- 9.13.4. Recent Development
9.14. Mondelez International
- 9.14.1. Company Overview
- 9.14.2. Financial Performance
- 9.14.3. Product Benchmarking
- 9.14.4. Recent Development
9.15. Monginis Food Pvt. Ltd.
- 9.15.1. Company Overview
- 9.15.2. Financial Performance
- 9.15.3. Product Benchmarking
- 9.15.4. Recent Development
9.16. Nestle SA
- 9.16.1. Company Overview
- 9.16.2. Financial Performance
- 9.16.3. Product Benchmarking
- 9.16.4. Recent Development
9.17. Tiger Brands Company
- 9.17.1. Company Overview
- 9.17.2. Financial Performance
- 9.17.3. Product Benchmarking
- 9.17.4. Recent Development
9.18. Uniferm GmbH & Co.
- 9.18.1. Company Overview
- 9.18.2. Financial Performance
- 9.18.3. Product Benchmarking
- 9.18.4. Recent Development
9.19. Yamazaki Baking Co. Ltd
- 9.19.1. Company Overview
- 9.19.2. Financial Performance
- 9.19.3. Product Benchmarking
- 9.19.4. Recent Development