South Africa Baking Ingredients Market Size & Outlook
South Africa baking ingredients market, 2017-2030 (US$M)
Related Markets
South Africa baking ingredients market highlights
- The South Africa baking ingredients market generated a revenue of USD 179.2 million in 2023 and is expected to reach USD 259.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 5.4% 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 179.2 million |
| Market revenue in 2030 | USD 259.4 million |
| Growth rate | 5.4% (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, South Africa accounted for 1.1% 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 Middle East & Africa, Saudi Arabia baking ingredients market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 259.4 million by 2030.
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Baking Ingredients Market Scope
Baking Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 26.9% in 2023. Horizon Databook has segmented the South Africa 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 Africa Baking Ingredients Product Outlook (Revenue, USD Million, 2017-2030)
- Emulsifier
- Yeast
- Enzymes
- Baking powder & mixes
- Oils, fats & shortenings
- Colors & Flavours
- Starch
- Preservatives
- Others
- South Africa Baking Ingredients End Use Outlook (Revenue, USD Million, 2017-2030)
- Bread
- Cakes & Pastries
- Rolls & Pies
- Others
- Cookies & Biscuits
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Target buyers of South Africa 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa baking ingredients market , including forecasts for subscribers. This country databook contains high-level insights into South Africa baking ingredients market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa baking ingredients market size, by product, 2017-2030 (US$M)
South Africa Baking Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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