China Baking Ingredients Market Size & Outlook, 2023-2030
Related Markets
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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Baking Ingredients Market Scope
Baking Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Tiger Brands Ltd | View profile | 10323 | 3010 William Nicol Drive, P.O. Box 78056, Bryanston, Sandton, Johannesburg, GT, South Africa, 2146 | https://www.tigerbrands.com |
| Aryzta | View profile | 1001-5000 | Eisleben, Sachsen-Anhalt, Germany, Europe | https://aryzta.de |
| JM Smucker Co | View profile | 5800 | One Strawberry Lane, Orrville, OH, United States, 44667-0280 | https://www.jmsmucker.com |
| Grupo Bimbo SAB de CV ADR | View profile | 148868 | Prolongacion Paseo, De la Reforma No 1000, Col. Pena Blanca Santa Fe, Mexico, MEX, Mexico, 01210 | http://www.grupobimbo.com |
| Mondelez International Inc Class A | View profile | 91000 | 905 West Fulton Market, Suite 200, Chicago, IL, United States, 60607 | https://www.mondelezinternational.com |
| Flowers Foods Inc | View profile | 9300 | 1919 Flowers Circle, Thomasville, GA, United States, 31757 | https://www.flowersfoods.com |
| General Mills Inc | View profile | 34000 | Number One General Mills Boulevard, Minneapolis, MN, United States, 55426 | https://www.generalmills.com |
| Associated British Foods PLC | View profile | 133000 | 10 Grosvenor Street, Weston Centre, London, United Kingdom, W1K 4QY | https://www.abf.co.uk |
| Nestle SA | View profile | 270000 | Avenue Nestle 55, Vevey, Switzerland, CH-1800 | https://www.nestle.com |
| Koninklijke DSM NV | View profile | 20682 | Het Overloon 1, P.O. Box 6500, Heerlen, LI, Netherlands, 6411 TE | https://www.dsm.com |
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.
Reasons to subscribe to China baking ingredients market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of China baking ingredients market databook
-
Our clientele includes a mix of baking ingredients market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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.
Partial client list
China baking ingredients market size, by product, 2017-2030 (US$M)
China Baking Ingredients Market Outlook Share, 2023 & 2030 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
