Market Research Future (Food and Beverages) Baking Ingredients Market Research Report | Page 3

Baking Ingredients Market Research Report - Global Forecast to 2023
2 Market Overview
The report on the Global Baking Ingredients Market has been projected to grow at an average CAGR of 5.2% during
the review period from 2018 to 2023. In 2017 the value of the global bakery ingredients market was recorded at USD
34.62 Bn and is estimated to appreciate to reach a market value of USD 44.02 Bn. Several factors which impact the
market both positively and negatively have been included in the report.
Changing consumer lifestyles have resulted in an increasing demand for convenient food items, which are easily
available in stores. A shift of consumer preference for gluten-free food and healthy food items with natural ingredients
have also boosted market growth due to the abundant opportunity for expansion this change in preference has
provided. Increasingly stringent regulations regarding food safety and the demand for high-quality ingredients is
expected to affect the market, albeit in a negative manner.
Notably, the market is expected to witness new opportunities in the coming years as applications for bakery
ingredients increase, and the demand for frozen bakery products rises. However, the presence of alternative
ingredients to replace emulsifiers and the high demand for cereals to replace baked goods is expected to pose
challenges to the growth of the global bakery ingredients market.
Regional Analysis:
Market Research Future has a team of dedicated and experienced research analysts who conduct various studies.
The global baking ingredients market report has been compiled using primary and secondary sources for the
procurement of relevant information. Primary sources of raw data include primary interviews with executives who
are working for market leading business organizations. Meanwhile, secondary sources of raw data include various
industry-specific journals, company annual reports, white papers, and authenticated databases among others.
Procured raw data is analyzed extensively, and market estimations are validated. Both top-down and bottom-down
approaches are utilized to validate and estimate the size of the global baking ingredients market. Calculations for
the projections of the market as well as various intelligent observations regarding market influencing factors are
consolidated along with raw data for the production of a concise and impactful final report.
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