Infinium Global Research Baking Ingredients Market | Page 9

Global Baking Ingredients Market: Trends and Forecast -2023
The market size of Baking Ingredients is determined based on the top down
approach. The market size is validated using primary interview with the participants
working in some of the leading players in the Baking Ingredients market. The
primary interview participants typically include managers and CXO level executives
of the leading players in this market. The primary interviews not only help identify
the market size of the Baking Ingredients market but also identify the factors that
promote the growth in the market and the factors that restrain the growth in this
market. The views of primary respondents were reconciled to provide qualitative
analysis of the Baking Ingredients market. The primary respondents also help
identifying top 5-10 players and their possible market share in the respective
country markets and in world market. The bottom-up approach is used to validate
the global market size of Baking Ingredients. With the help of primary interviews
and secondary research the market size of Baking Ingredients is determined for
each country studied, which then is added to arrive at the regional market size and
thereby obtaining global market size. This in turn helps us to validate the market
size of Baking Ingredients in the world market.
EXECUTIVE SUMMARY
GLOBAL BAKING INGREDIENTSMARKET HIGHLIGHTS, (USD BILLION)
The global Baking Ingredients market is projected to reach USD 17 billion by 2023,
expanding at a CAGR of 5.5% between 2017 and 2023. Baking ingredients are the
ingredients primarily used in the bakery industry and household baking
applications. Worldwide busy lives of consumers and growing preferences for ready
to eat food products have brought about radical changes in the world food and
beverages industry. Bakery industry is growing at a steady rate due to growing
population and increasing demand for packaged food. Baking powders and
premixes, emulsifiers, and enzymes are some of the most commonly consumed
baking ingredients
Europe dominated the global Baking ingredients market in terms of value and
volume, with market share of more than XX% in 2015. This is due to bakery
products are daily consumed in this region. Moreover, APAC is another promising
market for bakery ingredients. As of 2015, the region is accounted for over XX%
shares in the global market closely followed by North America at XX%. Asia Pacific
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