Asia Pacific Baking Ingredients Market Size & Outlook
Asia Pacific baking ingredients market, 2017-2030 (US$M)
Related Markets
Asia Pacific baking ingredients market highlights
- The Asia Pacific baking ingredients market generated a revenue of USD 3,626.3 million in 2023.
- The market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, baking powder & mixes was the largest revenue generating product in 2023.
- Enzymes is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 3,626.3 million |
| Market revenue in 2030 | USD 6,003.0 million |
| Growth rate | 7.5% (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 |
| Key market players worldwide | Flowers Foods Inc, JM Smucker Co, Grupo Bimbo SAB de CV ADR, Nestle SA, Aryzta, Tiger Brands Ltd, General Mills Inc, Mondelez International Inc Class A, Koninklijke DSM NV, Associated British Foods PLC |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 21.5% of the global baking ingredients market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,003.0 million by 2030.
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Baking Ingredients Market Scope
Baking Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 27.16% in 2023. Horizon Databook has segmented the Asia Pacific 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.
Asia-Pacific is the third largest market for baking ingredients market and is expected to witness fastest growth influenced by the growing demand in China, India and Japan. Asia-Pacific is expected to be the most attractive market for baking ingredients manufactures, owing to increased demand for baked goods, inclination towards western food life styles, growing economic conditions.
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Target buyers of Asia Pacific 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific baking ingredients market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific baking ingredients market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific baking ingredients market size, by country, 2017-2030 (US$M)
Asia Pacific Baking Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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