PUBLISHER: The Business Research Company | PRODUCT CODE: 1657055
PUBLISHER: The Business Research Company | PRODUCT CODE: 1657055
Vegan baking ingredients find application in creating alternatives to artificial and processed elements commonly used in the baking industry, offering plant-based options devoid of animal-derived by-products.
The primary categories of vegan baking ingredients encompass starch, raising agents, emulsifiers, baking powder, mixes, vegetable oil, colors and flavors, and enzymes. Starch, a carbohydrate, is utilized for thickening or stabilizing food products. These vegan baking ingredients come in two main variations-conventional and organic-and are employed in the preparation of various products, including cakes and pastries, biscuits and cookies, as well as bread and buns.
The vegan baking ingredients market research report is one of a series of new reports from The Business Research Company that provides vegan baking ingredients market statistics, including vegan baking ingredients industry global market size, regional shares, competitors with a vegan baking ingredients market share, detailed vegan baking ingredients market segments, market trends and opportunities, and any further data you may need to thrive in the vegan baking ingredients industry. This vegan baking ingredients market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The vegan baking ingredients market size has grown strongly in recent years. It will grow from $1.96 billion in 2024 to $2.12 billion in 2025 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to increased adoption of vegan and plant-based diets, growth in concerns about animal welfare and ethics, health and wellness trends driving demand for healthier ingredients, allergen-free and intolerance-friendly baking solutions, expansion of vegan and specialty food retail channels
The vegan baking ingredients market size is expected to see strong growth in the next few years. It will grow to $3.03 billion in 2029 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to market expansion in developing countries, collaborations and partnerships for ingredient development, consumer interest in clean label and non-gmo ingredients, growing demand for convenience baking solutions. Major trends in the forecast period include technological advancements in vegan ingredient alternatives, plant-based milk and butter alternatives, gluten-free and grain-free flour options, natural sweeteners and sugar alternatives, functional ingredients for nutritional enhancement.
The increasing health awareness and evolving food preferences are expected to drive the growth of the vegan baking ingredients market in the future. Health awareness refers to the understanding of health, healthcare, medical needs, diseases, and preventive measures in general. This heightened awareness has led many individuals to adopt a vegan diet, which is based on plant-based foods and is considered a healthier option. For example, in May 2023, the Organic Industry Survey published by the Organic Trade Association, a U.S.-based membership organization, reported that organic food sales in the United States reached $61.67 billion in 2022, reflecting a 4.3% increase from $59.149 billion in 2021. Thus, the growing health awareness and changing food preferences are driving the vegan baking ingredients market.
The growing adoption of vegan food is expected to drive the growth of the vegan baking ingredients market in the future. Vegan food refers to products that do not contain animal-derived ingredients, including meat, dairy, eggs, and honey. These foods are composed of plant-based ingredients such as fruits, vegetables, grains, legumes, nuts, and seeds. Vegan baking ingredients provide sustainability, health advantages, and creativity in the kitchen, and they also accommodate individuals with allergies or dietary restrictions. For example, in April 2024, Finder, a U.S.-based personal finance comparison website, reported that approximately 2.5 million people in the UK are vegan, which constitutes 4.7% of the population, an increase from 1.4 million vegans (2.5%) in 2023. This reflects a growth of 1.1 million vegans in the UK from 2023 to 2024. Therefore, the rising adoption of vegan food is driving the expansion of the vegan baking ingredients market.
A notable trend in the vegan baking ingredients market is product innovation, with major companies introducing novel solutions to meet consumer demands. For example, in 2023, Plantible Foods, a US-based biotech company, launched Rubi Whisk, a functional ingredient derived from RuBisCO protein in Lemna plants, serving as an egg replacement in various baked goods. This innovative vegan baking ingredient is free from eggs and gluten, offering both flavor and functionality.
Major companies in the vegan baking ingredients market are concentrating on innovative solutions, including vegan-certified products such as sponge cake mixes, to stay competitive. For example, in 2023, Dawn Foods, a US-based bakery manufacturing company, introduced a vegan-certified sponge cake mix, part of its vegan range approved by the V-label. The vegan sponge cake mix replicates the taste, texture, and functionality of conventional mixes without the use of eggs, showcasing the industry's commitment to providing sustainable and allergy-friendly options.
In February 2024, Dawn Foods, a U.S.-based food company, acquired Royal Steensma for an undisclosed amount. This acquisition aims to enhance Dawn Foods' manufacturing capabilities and broaden its product offerings in the bakery sector. The agreement encompasses four manufacturing facilities situated in the Netherlands and one in Thailand. Royal Steensma is a Netherlands-based supplier of vegan baking ingredients, including vegan bread.
Major companies operating in the vegan baking ingredients market include Associated British Foods plc, DuPont de Nemours Inc., Ingredion Inc., Dohler GmbH, Lallemand Baking Inc., Bakels Group JR, Cargill Incorporated, Turtle Island Foods Inc., Veganz Group AG, B&G Foods Inc., CSM Ingredients SARL, Koninklijke DSM NV, Lesaffre Group, Pak Group BV, Dawn Food Products Inc., Kerry Group plc, Upfield Holdings BV, Vitasoy International Holdings Limited, Violife Holdings BV, Hain Celestial Group, Bakels Worldwide, Puratos Group, Archer Daniels Midland Company, Tate & Lyle plc, Corbion NV, Roquette Freres SA, Ingredion Incorporated, Chr. Hansen Holding A/S, Kerry Group, Barry Callebaut AG, Olam Internationa Ltd.
Europe was the largest region in the vegan baking ingredients market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in global vegan baking ingredients market analysi report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the vegan baking ingredients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The vegan baking ingredients market consists of sales of apple cider vinegar, barley malt, and buckwheat flour. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Vegan Baking Ingredients Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on vegan baking ingredients market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for vegan baking ingredients ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The vegan baking ingredients market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.