Latin America Baking Ingredients Market Size & Outlook

The baking ingredients market in Latin America is expected to reach a projected revenue of US$ 3,242.5 million by 2030. A compound annual growth rate of 6.8% is expected of Latin America baking ingredients market from 2024 to 2030.
Revenue, 2023 (US$M)
$2,041.1
Forecast, 2030 (US$M)
$3,242.5
CAGR, 2024 - 2030
6.8%
Report Coverage
Latin America

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 2023USD 2,041.1 million
Market revenue in 2030USD 3,242.5 million
Growth rate6.8% (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, 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 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

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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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)

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

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