China Baking Ingredients Market Size & Outlook, 2023-2030
China baking ingredients market, 2017-2030 (US$M)
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China baking ingredients market highlights
- The China baking ingredients market generated a revenue of USD 1,377.6 million in 2023 and is expected to reach USD 2,335.2 million by 2030.
- The China market is expected to grow at a CAGR of 7.8% 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.
Baking ingredients market data book summary
| Market revenue in 2023 | USD 1,377.6 million |
| Market revenue in 2030 | USD 2,335.2 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Baking powder & mixes |
| Fastest growing segment | Enzymes |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 8.2% of the global baking ingredients market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China baking ingredients market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,341.1 million by 2030.
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Baking Ingredients Market Scope
Baking Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 China 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.
The Baking Ingredients market is expected to gain a significant market due to rising spending capability of customers in China. The middle-class representation is expected to double in the next ten years. By 2025, more than 120 cities in china are expected to accommodate a population of over 1 million.
The disposable income of this middle class is increasing rapidly. More than 1 billion population in China is expected to have an average income of USD 6000-USD 30000 per annum. The rise of food processing industry is also explained by the fact that the urban population is looking for a modern lifestyle.
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Target buyers of China 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 country-level data and insights on the China baking ingredients market , including forecasts for subscribers. This country databook contains high-level insights into China baking ingredients market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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China baking ingredients market size, by product, 2017-2030 (US$M)
China Baking Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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