Europe Baking Ingredients Market Size & Outlook, 2023-2030

The baking ingredients market in Europe is expected to reach a projected revenue of US$ 8,605.3 million by 2030. A compound annual growth rate of 5.7% is expected of Europe baking ingredients market from 2024 to 2030.
Revenue, 2023 (US$M)
$5,841.4
Forecast, 2030 (US$M)
$8,605.3
CAGR, 2024 - 2030
5.7%
Report Coverage
Europe

Europe baking ingredients market highlights

  • The Europe baking ingredients market generated a revenue of USD 5,841.4 million in 2023.
  • The market is expected to grow at a CAGR of 5.7% 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, Germany is expected to register the highest CAGR from 2024 to 2030.


Europe data book summary

Market revenue in 2023USD 5,841.4 million
Market revenue in 2030USD 8,605.3 million
Growth rate5.7% (CAGR from 2023 to 2030)
Largest segmentBaking powder & mixes
Fastest growing segmentEnzymes
Historical data covered2017 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationEmulsifier, Yeast, Enzymes, Baking powder & mixes, Oils, fats & shortenings, Colors & Flavours, Starch, Preservatives
Key market players worldwideFlowers 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, Europe region accounted for 34.6% 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 segmentation & scope
Emulsifier
Yeast
Enzymes
Baking powder & mixes
Oils, fats & shortenings
Colors & Flavours
Starch
Preservatives
Others
Bread
Cakes & Pastries
Rolls & Pies
Others
Cookies & Biscuits

Baking Ingredients Market Companies

Name Profile # Employees HQ Website

Europe 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 27.33% in 2023. Horizon Databook has segmented the Europe 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.


In a matured economy like Europe where 73% of the population live in urban areas look for instant food. This trend is attributed to the increasing working population looking for food that consumes less time than conventional food. In addition, perceptions linked to health and well-being is driving the European consumers to opt for healthy diet.

This is resulting in the rising consumption of artisan bread. However, the spending capability of European millennials on bakery products is demanding the production of high quality bakery products.

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Target buyers of Europe 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.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe baking ingredients market , including forecasts for subscribers. This continent databook contains high-level insights into Europe baking ingredients market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Europe baking ingredients market size, by country, 2017-2030 (US$M)

Europe Baking Ingredients Market Outlook Share, 2023 & 2030 (US$M)

Europe baking ingredients market size, by country, 2017-2030 (US$M)

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