Baking Ingredients Market to Reach USD17bn by 2022

Baking ingredients market will be worth USD16.91bn by 2022, according to a recent report by Martketandmarkets.

The report “Baking Ingredients Market by Type (Emulsifiers, Leavening Agents, Enzymes, Baking Powders & Mixes, Oil, Fats & Shortenings, Starch, Colors & Flavors), Application (Bread, Biscuits & Cookies, Cakes & Pastries, Rolls & Pies), and Region – Forecast to 2022”, shows that the key drivers determining market growth are changing consumer lifestyles, their preference for convenience foods, demand for gluten-free foods, and increasing demand for natural and healthy ingredients. A growing demand for baked foods and increasing per capita consumption of bread and other baked items are also energizing this market.

Some of the major key players in the market are: Koninklijke DSM N.V. (the Netherlands), Corbion (The Netherlands), Cargill (U.S.), Kerry Group plc (Ireland) and Associated British Foods Limited (U.K.)