The baking ingredients market is projected to reach a value of $13,165.6 million by 2019. In 2013, the market was dominated by Europe, followed by North America. The Asia-Pacific market is projected to grow at the highest CAGR, with rapid growth in the food industry.
Pune, India -- (SBWIRE) -- 08/25/2015 -- The report "Baking Ingredients Market - Global Trends & Forecast to 2019", defines and segments the baking ingredients market on the basis of various types, applications, and regions, with analyses and projections of the market size of each of these segments in terms of value. It also identifies the driving and restraining factors for the baking ingredients market, with analyses of the trends, opportunities, winning imperative and burning issues.
Browse 72 market data tables and 56 figures spread through 155 pages and in-depth TOC on "Baking Ingredients Market - Global Trends & Forecast to 2019"
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Baked products such as bread, cereals, cakes, biscuits, pastries, crackers, cookies, pies, and tortillas are the most widely consumed, globally. To produce them, ingredients such as flour bases, enzymes, emulsifiers, leavening agents, colors, flavors, fillings, nuts, and egg products are used. The baking ingredients market is well-established in Europe and North America. Emerging markets such as Latin America, Africa, and Asia-Pacific show potential for growth due to changing lifestyles and eating habits of consumers.
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The market for baking ingredients is projected to reach a value of $13,165.6 million by 2019. In 2013, Europe was the largest market for baking ingredients, while Asia-Pacific is the projected to be the fastest-growing market during the review period. Emerging markets such as India, China, and Brazil are expected to increase the demand of baked products, in turn enhancing growth of the baking ingredients market.
The leading players in the baking ingredients market include Associated British Foods plc (U.K.), Cargill Inc. (U.S.), Kerry Group (Ireland), and Royal DSM (The Netherlands). These market players have been focusing on expansion of new facilities, mergers & acquisitions, and launching of new products to gain market share.
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