The global bakery additives market size is expected to witness promising growth by 2026 on account of the rising demand for convenience and processed food products worldwide. Bakery additives include reducing agents, emulsifiers, oxidizing agents, dough amplifiers, reducing agents, and others that help to enhance the overall taste of the baker products and to help preserve it for longer shelf life. An upcoming report by Fortune Business Insights™ presents a 360-degree overview of the market and its growth trajectories in their report titled, “Bakery Additives Market Size, Share & Industry Analysis, By Product Type (Reducing Agents, Emulsifiers, Enzymes, Preservatives, Others), By Application (Bread, Cakes and Pastries, Biscuits, Others) Others and Regional Forecast, 2019-2026.”
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List of Players operating in the Bakery Additives Market include:
- Archer Daniels Midland Co.
- I. du Pont de Nemours and Company
- David Michael & Co.
- CSM Bakery Solutions
- Palsgaard A/S
- Associated British Foods Plc.
- Group SA
- Corbion N.V
- DDW The Color House
- Sensient Technologies
- Kerry Group
- Lonza Group
What is the Scope of the Report?
- A comprehensive overview of the market
- Factors promoting, demoting, obstructing, and creating opportunities for the market
- A detailed list of segments in the market, and names of leading segments
- Significant industry developments, and other interesting insights into the market
- List of players operating in the market and their key strategies
- Competitive landscape of the market
- Current baker additives market trends
Increasing Demand for Confectionary Food Items are Adding Impetus to Market
The rise in need to increase the shelf life of bakery and food products is a major bakery additive market growth factor. Besides this, additives enhance the taste of the bakery product and are, therefore, gaining popularity, thus, boosting the market. In addition to that, the presence of various functional properties in bakery additives is also attracting more revenue to the market.
Major Segmentation includes:
By Product Type
- Reducing Agents
- Cakes and Pastries
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On the contrary, excessive consumption of bakery products may be a leading cause of various chronic ailments such as cardiovascular diseases or obesity, and this may pose a significant threat to the growth of the market in the long run. Nevertheless, the increasing demand for ready-to-eat and confectionary food items are expected to create lucrative growth opportunities for the market in the long run.
Europe Market to Enjoy Dominance with Increasing Inclination Towards Health-Conscious Food Products
Geographically, the global bakery additives market is dominated by Europe owing to the rising consumer inclination towards low-calorie food ready-to-eat products further attributed to health and fitness concerns. Bakery additives are utilized for cutting down the fat and carbohydrate content present in the bakery product, thus promising a nutritious and healthy eating experience. This is further augmenting the demand for bakery additives in the European market in the forecast period.
On the other side, Asia Pacific will earn a significant bakery additives market share in the forecast period on account of the increasing number of food processing industries in the region, especially in India and China. Additionally, the latest innovation in food technology, coupled with government support for the use of additives in bakery products, will help this region rise promisingly in the coming years.
Strategic Collaborations will Help Attract High Revenue
Companies operating in the bakery additive market are engaging in activities such as joint ventures, collaborations, mergers and acquisitions, agreements and contracts, and others to gain a competitive edge in the market. They are also investing in the development and production of innovative additive flavors for use in bakery products. Such initiatives will help players attract high bakery additive market revenue in the forecast duration.
Significant Industry Developments of the Bakery Additives Market include:
June 2019 – One of the leading producers, developers, and suppliers of high-quality additives, TasteStrik entered into a strategic collaboration with Barentz B.V. for attaining diverse sources offering different solutions for taste concepts.
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