Japan Baking Ingredients Market Size & Outlook, 2023-2030
Japan baking ingredients market, 2017-2030 (US$M)
Related Markets
Japan baking ingredients market highlights
- The Japan baking ingredients market generated a revenue of USD 374.5 million in 2023 and is expected to reach USD 618.1 million by 2030.
- The Japan market is expected to grow at a CAGR of 7.4% 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 374.5 million |
| Market revenue in 2030 | USD 618.1 million |
| Growth rate | 7.4% (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, Japan accounted for 2.2% 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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Japan 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 27.42% in 2023. Horizon Databook has segmented the Japan 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.
Japan is ranked the fifth largest bakery market among major nations across the globe. The consumption trends in a mature market like Japan differentiates it from other markets. The growth in disposable income and interest for superior taste is expected to boost the demand for baking ingredients in spite of the low young population in Japan.
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Target buyers of Japan 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 Japan baking ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Japan baking ingredients market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Japan baking ingredients market size, by product, 2017-2030 (US$M)
Japan Baking Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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