Market revenue in 2023 | USD 1,509.9 million |
Market revenue in 2030 | USD 2,351.1 million |
Growth rate | 6.5% (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 |
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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 27.42% in 2023. Horizon Databook has segmented the Germany 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.
Among the European countries, Germany has been the prominent player in the baking ingredients industry and expected to continue its dominance in the forecast period. The growth in retail food sector is expected to boost the baking ingredients market in the country explained by the fact that it is the largest food and beverage market in Europe.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany baking ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Germany baking ingredients market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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