North America 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 North America Bakery Ingredients Market would witness market growth of 5.2% CAGR during the forecast period (2022-2028).
Sugar enhances the sweetness and accelerates the browning of the product. Sugar holds hydration in the final product as well. By creating tiny holes that are sealed with CO2 once the leavening chemicals react, sugar crystals slicing into fats like butter contribute to the formation of the product's structure. Eggs are a natural leavening agent, and the fat in the yolks gives baked goods a delicate, fluffy feel.
In order to give the end product a uniform and smooth texture, the yolks also serve as an emulsifier. Additionally, the proteins help the baked good's structure. The liquid creates gluten linkages, carries flavorings throughout the product, and interacts with the protein's starch to give it a sturdy but lightweight structure. During baking, liquids also serve as steam and add to the softness of the finished product.
Salt gives gluten more structure and flavor. To prevent the bread from rising too quickly when making yeast loaves, salt helps to temper the action of the yeast. Baking powder and baking soda create CO2, which is held in place by gluten, starch, and fat pockets and causes the baked good to rise.
There is a strong consumption pattern for baked goods across the North American region. This is because of rising disposable incomes and the fact that sales and revenue are indicators of the state of the economy. Over the past five years, large corporations have expanded dramatically. The baking sector is currently at a mature stage of its lifecycle. This indicates that American households generally accept bread as well as other baked foods. With all of the US households eating baked products, the market is enormous and diverse. Instead of eating baked goods from restaurants, consumers inclined to buy them from supermarkets and wholesalers.
The US market dominated the North America Bakery Ingredients Market by Country in 2021; thereby, achieving a market value of $3,999.1 million by 2028. The Canada market is experiencing a CAGR of 7.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.7% 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 U.S., Mexico, Canada, and Rest of North America.
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
- Rest of North America
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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