Global Baking Ingredients Market Size & Outlook
Global baking ingredients market, 2017-2030 (US$M)
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Global baking ingredients market highlights
- The global baking ingredients market generated a revenue of USD 16,882.4 million in 2023 and is expected to reach USD 25,919.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.3% by 2030.
- In terms of segment, baking powder & mixes accounted for a revenue of USD 4,604.7 million in 2023.
- Enzymes is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, Portugal is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 16,882.4 million |
| Market revenue in 2030 | USD 25,919.8 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Baking powder & mixes |
| Fastest growing segment | Enzymes |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Emulsifier, Yeast, Enzymes, Baking powder & mixes, Oils, fats & shortenings, Colors & Flavours, Starch, Preservatives |
Other key industry trends
- In terms of revenue, the North America accounted for 25.3% of the global baking ingredients market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Portugal is the fastest growing regional market and is projected to reach USD 100.0 million by 2030.
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Baking Ingredients Market Scope
Baking Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global baking ingredients market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to baking ingredients market will help companies and investors design strategic landscapes.
baking powder & mixes was the largest segment with a revenue share of 27.28% in 2023. Horizon Databook has segmented the Global baking ingredients market based on emulsifier, yeast, enzymes, baking powder & mixes, oils, fats & shortenings, colors & flavours, starch, preservatives covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Baking Ingredients Product Outlook (Revenue, USD Million, 2017-2030)
- Emulsifier
- Yeast
- Enzymes
- Baking powder & mixes
- Oils, fats & shortenings
- Colors & Flavours
- Starch
- Preservatives
- Others
- Global Baking Ingredients End Use Outlook (Revenue, USD Million, 2017-2030)
- Bread
- Cakes & Pastries
- Rolls & Pies
- Others
- Cookies & Biscuits
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Target buyers of Global baking ingredients market databook
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Our clientele includes a mix of baking ingredients market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global baking ingredients market , including forecasts for subscribers. This global databook contains high-level insights into Global baking ingredients market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global baking ingredients market statistics, by region, 2017-2030 (US$M)
Top 10 countries: Baking ingredients market size, 2023 (USD Million)
Top 10 countries: Baking ingredients market size, 2023 (USD Million)
Global baking ingredients market, by region, 2023 (US$M)
Related regional statistics
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