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Baking Ingredients to Rise to 5.36%

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Baking Ingredients to Rise to 5.36%

July 05
12:58 2016

untitledA new report has been disclosed by both Research and Markets: “Global Baking Ingredients Market 2016-2020”. The analysts predict the global baking ingredients market will grow at a CAGR of 5.36% throughout the duration of 2016-2020.

“Many trends are seen in the market; one of them is a strong trend toward naturally derived sweeteners,” said the company. “There is growing demand for stevia as consumers are opting for natural ingredients and additives. Natural sweeteners constitute 1% of the sweetener market by volume. Due to the widespread availability of products like sugars, stevia, monk fruit, and sweet proteins, the naturally derived sweeteners segment is expected to grow. Intensifying demand for gluten-free products will also fuel the demand for baking ingredients.”

The report states, one of the arising drivers in the market is the expanding interest for baking powder with tartaric acid. Customers progressively favor natural baking ingredients due to the increasing health concerns and growing consciousness of the health advantages of consuming natural additives. Tartaric acid is a dicarboxylic acid produced by living organisms. A surge in the consumption of processed, packaged foods is said to be an additional dominant driver in the market.

According to the report, one of the central challenges is the great competition among vendors. It is arduous to pinpoint the distinct determinant between the product offerings of numerous merchants, the researchers claim, as product distinction is unlikely. This has resulted in great competition in the global baking ingredients market.

The report includes a market and vendor landscape along with a SWOT analysis of the primary vendors.

There are several categories of the Global Baking Ingredients Market. Several of which include: Emulsifiers, Leavening Agents, Enzymes, Baking Powders & Mixes, Oil, Fats & Shortenings, Starch, Colors and Flavors.

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