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Bakery ingredients such as baking powde
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Bakery ingredients such as baking powde

According to the report Global Bakery Ingredients Market published by Market Data Forecast, the global market is projected to reach USD 16.42 billion by 2021, at a CAGR of 5.40% from 2016 to 2021.

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Bakery ingredients such as baking powder, butter, baking soda, flour, eggs, fruits, nuts, honey, flavour enhancers and colour additives are used in the bakery products to improve their overall product quality, to save time and for longevity. For instance, in bread making yeast is a vital ingredient whose gas produced should be kept within the dough for enhanced results.

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Bakery Ingredients are accessible in an extensive variety and inclinations vary from one region to another. Easy access of international data and exposure of several bakery products has augmented the demand for bakery ingredients. They have numerous benefits like comfortable to use, easy to combine and ready accessibility.

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The growth of the global Bakery Ingredients market is majorly driven by factors such as rise in demand for bakery ingredients, and shifting lifestyles which leave little to no time to cook meals. Also, the growing population of working women has instigated the need for ready to eat baked food, thereby substituting the orthodox home cooked food. The companies are focusing on innovation in sweeteners, Emulsifiers, starches, and preservatives to meet the user demand for low trans fats and gluten free foods, without altering their quality, and taste.

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Segmentation:

1.Based on Application:

Cookies & Biscuits
Cakes & Pastries
Rolls & Pies
Bread
Torts
Others

2.Based on Type:

Enzymes
Baking Powder & Mixes
Colours & Flavours
Starch
Oils & Shortenings
Leavening Agents
Emulsifiers
Sweeteners
Mould Inhibitors
Preservatives
Others

3.Geographical Segmentation:

North America
Europe
Asia-Pacific
Latin America
Middle East and Africa

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This industry is extremely influenced by the macro-economic state of an economy, as the intake of fancy bakery products drop sharply due to economic slumps. Also, the industry is exceedingly competitive in nature, and continuous innovation of products is absolutely essential to withstand the market. The major companies dominating the global Bakery Ingredients market are Cargill Inc., Kerry Group, Associated British Foods, DSM, DuPont, Dawn Foods Ltd., Taura Natural Ingredients Limited, Muntons PLC, Corbion N.V. and British Bakels Limited.

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About Market Data Forecast:

Market Data Forecast is a firm working in the areas of market research and business intelligence. We have rich experience in research across major industry segments like Healthcare, Agriculture, Food & Beverages etc. and we cater to the needs of both individual and corporate clients. Our research services contribute to key business areas like business process improvement, key decision making and developing appropriate corporate strategy. We are truly committed to our clients and other stakeholders for providing customized research services of the highest quality all the while being an organisation that’s trusted for its integrity, respected for its accountability, and admired for its excellence, by both clients and competitors alike.

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