Vietnam Bread Improvers Market, By Type, By Ingredient, By Application, By Form, By Region, Competition Forecast & Opportunities, 2017-2027

Vietnam bread improvers market is anticipated to grow at a formidable rate during the forecast period. The market growth can be attributed to the growing product innovation in confectionery products and the growing trend among consumers to obtain healthier baked goods. Regulating the uncertainties within the bread production process, bread improvers (also known as bread conditioners) help to achieve optimal freshness, increase the volume of baked products, and extend their shelf-life. A considerable rise in demand among consumers for convenience foods, including bakery food products, majorly bread, has led to greater adoption of bakery ingredients, such as bread improvers. Consumers are increasingly opting for bakery goods manufactured with high-quality organic ingredients, which is expected to drive the demand for organic bread improvers. Besides, the rise in demand among consumers for different forms of bread and the emerging market players offering several fortified and flavoured bread to meet the changing functional requirements of the consumers are fueling the growth of the bread improvers market during the forecast period.

Moreover, the popularization of food chains such as Dominos, Pizza Hurt is further boosting the growth of Vietnam bread improvers market in the forecast period. Rapid urbanization and expanding fast-food restaurants have led to an increased demand for bread to develop different foods such as burgers and pizzas, which in turn, is contributing to the growth of the Vietnam bread improvers market. Furthermore, globalization has led to greater adoption of bread in the diet, which is supporting the growth of Vietnam bread improvers market. The rising population and increasing personal disposable income are also propelling the Vietnam bread improvers market growth.

Based on ingredients, the market is segmented into Emulsifiers, Enzymes, Oxidizing Agents, Reducing Agents, and others. In 2021, the Emulsifiers segment held the largest market share due to their wide adoption in the baking industry. Furthermore, increased affordability and accessibility of emulsifiers are contributing to the dominance of the emulsifiers segment in the Vietnam bread improvers market. Based on application, the Vietnam bread improvers market is segmented into bread, cakes, pastries, and others. The bread segment is expected to hold the largest share in the Vietnam bread improvers market as the demand for baked goods is significantly increasing in Vietnam.

Group Soufflet, Fazer Group, Archer Daniels Midland Company, Lesaffre, Nutrex N. V., E.I. Du Pont De Nemours and Company, Oriental Yeast Co., Ltd., Ireks GmbH, Pak Holding, Bakels Worldwide, etc. are some of the major players operating in Vietnam bread improvers market.

Years considered for this report:

Historical Years: 2017-2020

Base Year: 2021

Estimated Year: 2022E

Forecast Period: 2023F-2027F

Objective of the Study:

• To analyse and forecast the market size of Vietnam bread improvers, in terms of value and volume.
• To classify and forecast Vietnam bread improvers market based on type, ingredient, application, form, competitive landscape, and regional distribution.
• To identify drivers and challenges for Vietnam bread improvers market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Vietnam bread improvers market.
• To conduct the pricing analysis for Vietnam bread improvers market.
• To identify and analyse the profile of leading players involved in the Vietnam bread improvers market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across Vietnam. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across Vietnam.

TechSci Research calculated the market size of Vietnam Bread Improvers Market using a bottom-up approach, where data for various end user segments were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

• bread improvers manufacturers
• Bakery ingredient manufacturers/suppliers
• Technology providers
• Raw material suppliers
• Dealers
• Research organizations and consulting companies
• Research Institutes
• Industry associations
• Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Vietnam bread improvers market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Vietnam Bread Improvers Market, By Type:

Inorganic Bread Improvers

Organic Bread Improvers

• Vietnam Bread Improvers Market, By Ingredient:

Emulsifiers

Enzymes

Oxidizing Agents

Reducing Agents

Others

• Vietnam Bread Improvers Market, By Application:

Bread

Cakes

Pastries

Others

• Vietnam Bread Improvers Market, By Form:

Powder

Granular

Liquid

• Vietnam Bread Improvers Market, By Region:

North Vietnam

South Vietnam

Central Vietnam

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam Bread Improvers Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to the company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

• Profit margin analysis in case of direct and indirect sales channel.