Baking Ingredients Market to Thrive Due to High Demand for Convenience Food

Global Baking Ingredients Market is predicted to reach USD 22.22 billion at a CAGR of 6.30% during the forecast period:

Market Research Future (MRFR) has published a cooked research report on the “Global Baking Ingredients Market” that contains information from 2023 to 2030. The Global Baking Ingredients Market is estimated to register a CAGR of 6.30% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the Global Baking Ingredients Market— Ingredion Incorporated, Darling Ingredients Inc., Kerry Group Plc, Omega Protein Corporation, Archer Daniels Midland Company, Roquette Freres, Cargill Incorporated, and Koninklijke DSM N.V.

Baking Ingredients Market Highlights

The Global Baking Ingredients Market is accounted to register a CAGR of 6.30% during the forecast period and is estimated to reach USD 22.22 Billion by 2030.

The Global Baking Ingredients Market refers to the worldwide industry involved in the production, distribution, and consumption of various ingredients used in the process of baking. Baking ingredients encompass a wide range of products that are essential for creating baked goods such as bread, cakes, pastries, cookies, and more.

The market for baking ingredients is influenced by factors such as changing consumer preferences, culinary trends, advancements in food technology, and the demand for convenience foods. The market is highly competitive and characterized by both multinational corporations and smaller regional players. The demand for consistent quality, improved shelf life, and innovative products drives the need for research and development in the industry.

Segment Analysis

The Global Baking Ingredients Market has been segmented based on product type and application.

On the basis of product type, the market is segmented into Emulsifiers, Baking powders & mixes, Enzymes, Oils, Fat and others. Baking powders & mixes accounted for about 27% of sales. It is a main ingredient in many bakery items worldwide and is a source of proteins, vitamins, and carbohydrates. Growing consumer awareness of organic products has increased the popularity for wheat baking powder, which has reduced cholesterol and saturated fat levels, increasing baking Ingredients market revenue.

Based on application, the market has been segmented into bread, muffins, cookies & biscuits and other bakery items market. The need for bakery ingredients is anticipated to be dominated by the bread sector. Bread is a typical food worldwide and is in great demand in emerging markets.

Regional Analysis

The Global Baking Ingredients Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Baking Ingredients Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Baking Ingredients Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Global Baking Ingredients Market comprises of Middle East, Africa, and Latin America.

North America is a mature market with a strong baking culture and a diverse range of baked goods.There's a growing demand for healthier and natural baking ingredients, leading to increased interest in whole grains, alternative sweeteners, and clean label products.

Europe has a rich baking heritage, leading to a consistent demand for traditional baking ingredients. The region places a strong emphasis on high-quality and authentic ingredients for bakery products. Traditional European bread and pastry varieties continue to influence ingredient choices.

The Asia-Pacific region is witnessing significant growth in the baking industry due to urbanization, changing lifestyles, and increasing disposable income. Western-style baked goods are becoming more popular, leading to a rise in demand for ingredients like butter, cream, and chocolate.

Furthermore, the rest of the world's Global Baking Ingredients Market is divided into the Middle East, Africa, and Latin America. Latin America is experiencing a growing demand for packaged and convenience foods, influencing the baking ingredients market. Economic fluctuations can affect consumer spending on premium baking ingredients.

Key Findings of the Study

• The Global Baking Ingredients Market is expected to reach USD 22.22 Billion by 2030, at a CAGR of 6.30% during the forecast period.


• The Asia-Pacific region is witnessing significant growth in the baking industry due to urbanization, changing lifestyles, and increasing disposable income. Western-style baked goods are becoming more popular, leading to a rise in demand for ingredients like butter, cream, and chocolate.


• Based on product type, the market is segmented into Emulsifiers, Baking powders & mixes holding the largest market in 2022.


• Ingredion Incorporated, Darling Ingredients Inc., Kerry Group Plc, Omega Protein Corporation, Archer Daniels Midland Company, Roquette Frères, Cargill Incorporated, and Koninklijke DSM N.V.