Latin America Baking Ingredients Market Size & Outlook
Latin America baking ingredients market, 2017-2030 (US$M)
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Latin America baking ingredients market highlights
- The Latin America baking ingredients market generated a revenue of USD 2,041.1 million in 2023.
- The market is expected to grow at a CAGR of 6.8% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 2,041.1 million |
| Market revenue in 2030 | USD 3,242.5 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Baking powder & mixes |
| Fastest growing segment | Enzymes |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 12.1% 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 Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 27.18% in 2023. Horizon Databook has segmented the Latin America 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.
South & Central America has a significant agricultural market with commodities such as wheat, cereals, grains widely grown in Brazil, Argentina, Chile and Uruguay. Brazil is one of the populated and the fastest growing economies in the world. Bread is the staple food for many South & Central American countries. With the increasing population and disposable incomes by the middle-class consumers, the baking ingredients market is poised to grow in the forecast period of 2017-2025.
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Target buyers of Latin America 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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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 Latin America baking ingredients market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America baking ingredients market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America baking ingredients market size, by country, 2017-2030 (US$M)
Latin America Baking Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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