Baking ingredients are ingredients used in the baking industry for a variety of quality purposes. These ingredients are used worldwide for the development and production of sustainable bakery products. Changing bakery retail landscape is one of the critical factors in the expansion of the market in recent years. The tendency to develop healthy alternatives is possible due to the addition of fibers. In addition, it accelerated the improvement in the nutritional level of bakery products. The growing demand for ready-to-eat foods should boost the market for bakery ingredients.
Recently in March, 2021, International Flavors & Fragrances (IFF) is responding to the demand for bakery labels with the launch of a new EnoveraTM 3001 dough intensifier in the North American market. The “enzymatic only” ingredient enables industrial bakers to formulate the dough without giving up the texture, firmness, or flavor of the dough. The latest enzyme solution, the result of two years of R&D, is a line of ingredients from Danisco that recently became part of IFF as a result of a merger with DuPont.
The shift from traditional dishes to ready-made dishes at home has also increased the demand for these baking ingredients in emerging markets. Adopting a Western lifestyle, growing focus on a healthy lifestyle, more nutritional skills and a higher disposable income are key factors in the growth of the bakery industry, which in turn will boost the demand for baking ingredients.
The global baking ingredient market is broadly diversified based on type, application, and region. Based on the type, the global market for baking ingredients is segmented into leavening agents, fats & shortenings, enzymes, colors & flavors, emulsifiers, baking powders & mixes, starch, oil and other types. The global market is also classified into biscuits & cookies, rolls & pies, cakes & pastries, bread, and others, by application.
The European market represented the largest market share in terms of revenue. The region’s growth is due to the large population and, consequently, to the growing demand for bakery foods and the use of high technology to obtain varied baked foods to meet the dynamic demand. However, the Asia-Pacific market is expected to grow during the forecast period, due to the growing demand for food with emulsifiers, fats, such as bread and biscuits and cookies.
Some of the leading names in the global bakery ingredients market include Empire Baking Company, British Foods Limited, Royal DSM N.V., Taura, Cargill, Inc, Caravan Ingredients, Kerry Group plc, , British Bakels Ltd, Muntons plc, Corbian N.V. AAK UK, Dawn Foods Ltd, crust ‘n’ crumb food ingredients Pvt Ltd., and CSM, among others.