North America Baking Ingredients Market Size & Outlook
North America baking ingredients market, 2017-2030 (US$M)
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North America baking ingredients market highlights
- The North America baking ingredients market generated a revenue of USD 4,267.8 million in 2023.
- The market is expected to grow at a CAGR of 6.3% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 4,267.8 million |
| Market revenue in 2030 | USD 6,534.5 million |
| Growth rate | 6.3% (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, North America region accounted for 25.3% 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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North 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 27.34% in 2023. Horizon Databook has segmented the North 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.
Growing urbanization is leading to change in lifestyle leaving less or no time to cook. This is driving the food & beverage companies to introduce diverse baked products that serve as breakfast and snack items. Availability of products with extended storage life and accessibility to freezer storage conditions in retail bakeries is leading to trend of one time purchase of baked goods.
People in North America have become mindful of nutrient content in the food. This trend has led to the demand of healthy baked goods. This necessitates the development of high quality baking ingredients in the final product.
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Our clientele includes a mix of baking ingredients market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America baking ingredients market , including forecasts for subscribers. This continent databook contains high-level insights into North America baking ingredients market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America baking ingredients market size, by country, 2017-2030 (US$M)
North America Baking Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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