Global Baking Ingredients Market Size & Outlook, 2023-2030
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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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 size, by regions, 2017-2030 (US$M)
Top 10 countries: Baking ingredients market size, 2023 (US$M)
Global baking ingredients market share, by product, 2023 & 2030 (%, US$M)
Baking ingredients market: Opportunity assessment by country
Global baking ingredients market, by region, 2023 (US$M)
| Product | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 3,172.1 | 3,326.2 | 3,496.3 | 3,642.6 | 3,839.7 | 4,048.8 | 4,267.8 | 4,512.7 | 4,773.6 | 5,064.9 | 5,382.0 | 5,738.7 | 6,115.0 | 6,534.5 | 6.3% |
| Europe | 4,481.5 | 4,674.9 | 4,888.0 | 5,066.0 | 5,311.8 | 5,571.5 | 5,841.4 | 6,143.1 | 6,462.8 | 6,820.2 | 7,207.3 | 7,642.4 | 8,098.4 | 8,605.3 | 5.7% |
| Asia Pacific | 2,508.7 | 2,663.0 | 2,833.5 | 2,987.8 | 3,187.1 | 3,400.4 | 3,626.3 | 3,878.8 | 4,149.9 | 4,453.2 | 4,784.9 | 5,158.8 | 5,557.4 | 6,003.0 | 7.5% |
| Latin America | 1,468.5 | 1,548.2 | 1,636.2 | 1,714.0 | 1,816.5 | 1,926.2 | 2,041.1 | 2,169.7 | 2,307.5 | 2,461.3 | 2,629.2 | 2,818.1 | 3,018.7 | 3,242.5 | 6.8% |
| MEA | 887.5 | 919.3 | 954.1 | 981.4 | 1,021.4 | 1,063.0 | 1,105.8 | 1,153.7 | 1,203.7 | 1,259.8 | 1,319.8 | 1,387.5 | 1,457.3 | 1,534.5 | 4.8% |
| Overall | 12,518.3 | 13,131.6 | 13,808.1 | 14,391.8 | 15,176.5 | 16,009.9 | 16,882.4 | 17,858.0 | 18,897.5 | 20,059.4 | 21,323.2 | 22,745.5 | 24,246.8 | 25,919.8 | 6.3% |
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