Top 10 Bakery Ingredient Suppliers Worldwide in 2023 | By IMARC Group

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Published February 7, 2023

Bakery Ingredients Industry Outlook:

Bakery ingredients represent the products intended to maintain and enhance the aroma, taste, freshness, and shelf-life of baked food products. They include colors, blends, flavors, fats, emulsifiers, and shortenings. Bakery ingredients are widely used in the preparation of confectionery products, such as cakes, cookies, tarts, bread, pies, pastries, donuts, and pizza. They assist in enhancing the nutritional level, improving the shelf life, maintaining the taste and freshness, and increasing the protein content of baked products. As a result, bakery ingredients find widespread applications in the food processing industry.

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Bakery Ingredients Industry Growth Analysis:

The escalating demand for convenient, ready-to-eat (RTE) food products, owing to the emerging trend of urbanization, hectic schedules, and the altering dietary patterns, are among the primary factors driving the bakery ingredients market. Besides this, the growing popularity of corporate parties, weddings, and other celebrations has boosted the serving of cakes, muffins, and pastries at such gatherings, which is further augmenting the market growth.

Moreover, the introduction of healthy, low trans-fat bakery ingredients by the leading companies, including Associated British Foods Plc, Cargill, IFFCO Ingredients Solution, Ingredion Incorporated, Kerry Group, Lesaffre, etc., on account of the increasing prevalence of obesity and diabetes and the rising fitness-related concerns among the masses, is also catalyzing the global market.

Apart from this, the development of emulsifiers that offer high-fat stability, water and oil holding capacity, and longer shelf life is acting as another significant growth-inducing factor. Furthermore, the use of attractive packaging, various product innovations, and the expanding tourism and hospitality industry are expected to bolster the bakery ingredients market in the coming years.

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Top Bakery Ingredient Suppliers :

AAK AB
Establishment: 2005
Headquarter: United Kingdom
Archer Daniels Midland Company
Establishment: 1902
Headquarter: United States of America
Associated British Foods Plc
Establishment: 1935
Headquarter: United Kingdom
Cargill
Establishment: 1865
Headquarter: United States of America
Corbion
Establishment: 1919
Headquarter: Netherlands
IFFCO Ingredients Solution
Establishment: 1975
Headquarter: United Arab Emirates
Ingredion Incorporated
Establishment: 1906
Headquarter: United States of America
Kerry Group
Establishment: 1972
Headquarter: Ireland
Koninklijke DSM N.V.
Establishment: 1935
Headquarter: Netherlands
Lesaffre
Establishment: 1853
Headquarter: France

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