Asia Pacific Bakery Ingredients Market Size, Share & Industry Trends Analysis Report By Type (Dry Baking Mix, Fiber, Fats, Emulsifiers, Antimicrobials, Starch, Flavors, Enzymes, Colors), By Application, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Bakery Ingredients Market would witness market growth of 6.0% CAGR during the forecast period (2022-2028).
Superior-grade baking ingredients have one key advantage: they produce baked foods of higher quality. In other words, the higher quality of the components one utilizes, the more probable it is that the baked product will be as pleasant as possible. The enhancement of baked products with additional plant-based ingredients with high nutritional value has been the attention of many research groups. Like switching regular flour with legume flours which have a high protein level and an amino acid composition that is similar to that found in cereals.
The utilization of condiments from oil seeds is also becoming increasingly important in many recipes. This is mainly because they contain more protein than cereals as well as are rich in fiber, omega-3 and omega-6 essential fatty acids, and antioxidative compounds like tocopherol, beta-carotene, chlorogenic acid, caffeic acid, and flavonoids.
The use of minimally processed baking ingredients is a result of the recent trend toward more artisanal and natural bread products. The use of specialty ingredients and higher-quality flours is becoming more important to bakers. The mechanical advancements and developments have also propelled the growth of the bakery sector as a whole. The mechanization has led to the mass production of baked products and has created a whole new segment of frozen goods.
India is among Asia's fastest developing economies. The bakery industry in the nation has grown as a result of factors such as changing lifestyles, rising disposable income, and growing population. Demand for bakery ingredients is also being fueled by an increase in the consumption of bread, biscuits, and other fast-moving consumer items in India. Western food trends are also significantly increasing in the nation.
The China market dominated the Asia Pacific Bakery Ingredients Market by Country in 2021; thereby, achieving a market value of $1,496.2 million by 2028. The Japan market is poised to grow at a CAGR of 5.3% during (2022 - 2028). Additionally, The India market would obtain a CAGR of 6.6% during (2022 - 2028).
Based on Type, the market is segmented into Dry Baking Mix, Fiber, Fats, Emulsifiers, Antimicrobials, Starch, Flavors, Enzymes, Colors and Others. Based on Application, the market is segmented into Bread, Cookies & Biscuits, Cakes & Pastries, Rolls & Pies and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Archer Daniels Midland Company, Bakels Group (EMU AG), Kerry Group PLC, Koninklijke DSM N.V., Associated British Foods PLC (Wittington Investments Limited), DuPont de Nemours, Inc., Ingredion Incorporated, Dawn Food Products, Inc., Cargill Corporation and Lallemand, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Dry Baking Mix
- Cookies & Biscuits
- Cakes & Pastries
- Rolls & Pies
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Archer Daniels Midland Company
- Bakels Group (EMU AG)
- Kerry Group PLC
- Koninklijke DSM N.V.
- Associated British Foods PLC (Wittington Investments Limited)
- DuPont de Nemours, Inc.
- Ingredion Incorporated
- Dawn Food Products, Inc.
- Cargill Corporation
- Lallemand, Inc.
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