Middle East and Africa Baking Ingredients Market Forecast to 2028

Report Code : BMIRE00025378 | Region : LAMEA | Industry : Food and Beverages | Published Date : 15/Jul/2022
Middle East and Africa Baking Ingredients Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Baking Powder & Mixes, Emulsifiers, Enzymes, Starches, Colors & Flavors, Oils, Fats & Shortening, and Others) and Application (Breads & Rolls, Biscuits & Cookies, Cakes & Pastries, and Others)

The MEA baking ingredients market is expected to grow from US$ 1,463.60 million in 2022 to US$ 2,080.77 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2022 to 2028.

Consumers frequently engage in indulgent consumption to enhance their sense of pleasure and fulfillment. Taste and enjoyment remain the fundamental factors why people prefer bakery items such as cakes, pastries, and sweet delights, regardless of rising health and wellness concerns. They seek rewarding and enjoyable experiences that help them cope with everyday stresses. Bakery products are often connected with offering comfort and stress alleviation. Consumers are engaging themselves in guilt-free or conscious indulgences, in addition to sweet bakery items such as cake, to ensure good health and pleasure at the same time. The manufacturers of bakery products are innovating their products to make them more appealing, along with building hyper indulgence. They focus on providing multisensorial experiences to their consumers by providing different textures and using bakery decorations, fillings, and inclusions; dried fruits, nuts, seeds, chocolate, and confectionery chunks are widely used bakery inclusions. Bakery fillings and inclusions enhance the overall texture of bakery products, and improve their sensory and visual appeal. Manufacturers of bakery products are increasingly incorporating bakery inclusions and fillings in their products to innovate their existing product portfolio economically and boost revenues. In January 2020, Puratos launched Smoobees, which are bakery inclusions that enhance the texture and flavor of the bakery products. Smoobees are soft beads that provide a creamy texture to bakery products and are available in different flavors. Thus, the rising trend of indulgent consumption and innovations by manufacturers to develop such bakery products are expected to drive the growth of the baking ingredients market in the MEA during the forecast period.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA baking ingredients market . The MEA baking ingredients market is expected to grow at a good CAGR during the forecast period.

MEA Baking Ingredients Market Revenue and Forecast to 2028 (US$ Million)

MEA Baking Ingredients Market Segmentation

The MEA baking ingredients market is analyzed based on type, application, and country. Based on type, the market is segmented into baking powder & mixes, emulsifiers, enzymes, starches, colors & flavors, oils, fats & shortenings, and others. The others segment dominated the market in 2022 and emulsifiers segment is expected to be fastest growing during forecast period. Based on application, the market is segmented into breads & rolls, biscuits & cookies, cakes & pastries, and others. The breads & rolls segment dominated the market in 2022 and cakes & pastries segment expected to be fastest growing during forecast period. Based on country, the MEA baking ingredients market is segmented into the South Africa, Saudi Arabia, UAE, and Rest of MEA.

AAK AB; ADM; Associated British Foods plc; Cargill, Incorporated; Corbion; Dawn Food Products Inc.; International Flavours & Fragrances; Kerry; and Koninklijke DSM N.V. are among the leading companies in the MEA baking ingredients market.

The List of Companies - Middle East and Africa Baking Ingredients Market

● AAK AB

● ADM

● Associated British Foods plc

● Cargill, Incorporated

● Corbion

● Dawn Food Products Inc.

● International Flavours & Fragrances

● Kerry

● Koninklijke DSM N.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis Formulation:

3.2.4 Macro-economic Factor Analysis:

3.2.5 Developing Base Number:

3.2.6 Data Triangulation:

3.2.7 Country Level Data:

4. MEA Baking Ingredients Market Landscape

4.1 Market Overview

4.2 Porter's Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of New Entrants

4.2.4 Competitive Rivalry

4.2.5 Threat of Substitutes

4.3 Expert Opinion

4.4 Ecosystem Analysis

5. MEA Baking Ingredients Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Growth of Bakery Sector

5.1.2 Surging Demand for Organic and Clean-label Bakery Ingredients

5.2 Market Restraints

5.2.1 Increasing Health Concerns

5.3 Market Opportunities

5.3.1 Rising Demand for Functional Ingredients

5.4 Future Trends

5.4.1 Growing Trend of Indulgent Consumption

5.5 Impact Analysis of Drivers and Restraints

6. Baking Ingredients Market – MEA Analysis

6.1 MEA Baking Ingredients Market Overview

6.2 MEA Baking Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

7. MEA Baking Ingredients Market Analysis – By Type

7.1 Overview

7.2 MEA Baking Ingredients Market, By Type (2021 and 2028)

7.3 Baking Powder & Mixes

7.3.1 Overview

7.3.2 Baking Powder & Mixes: Baking Ingredients Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Emulsifiers

7.4.1 Overview

7.4.2 Emulsifiers: Baking Ingredients Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Enzymes

7.5.1 Overview

7.5.2 Enzymes: Baking Ingredients Market – Revenue and Forecast to 2028 (US$ Million)

7.6 Starches

7.6.1 Overview

7.6.2 Starches: Baking Ingredients Market – Revenue and Forecast to 2028 (US$ Million)

7.7 Colors & Flavors

7.7.1 Overview

7.7.2 Colors & Flavors: Baking Ingredients Market – Revenue and Forecast to 2028 (US$ Million)

7.8 Oils, Fats & Shortenings

7.8.1 Overview

7.8.2 Oils, Fats & Shortenings: Baking Ingredients Market – Revenue and Forecast to 2028 (US$ Million)

7.9 Others

7.9.1 Overview

7.9.2 Others: Baking Ingredients Market – Revenue and Forecast to 2028 (US$ Million)

8. MEA Baking Ingredients Market Analysis – By Application

8.1 Overview

8.2 MEA Baking Ingredients Market, By Application (2021 and 2028)

8.3 Breads & Rolls

8.3.1 Overview

8.3.2 Breads & Rolls: Baking Ingredients Market– Revenue and Forecast to 2028 (US$ Million)

8.4 Biscuits & Cookies

8.4.1 Overview

8.4.2 Biscuits & Cookies: Baking Ingredients Market– Revenue and Forecast to 2028 (US$ Million)

8.5 Cakes & Pastries

8.5.1 Overview

8.5.2 Cakes & Pastries: Baking Ingredients Market– Revenue and Forecast to 2028 (US$ Million)

8.6 Others

8.6.1 Overview

8.6.2 Others: Baking Ingredients Market– Revenue and Forecast to 2028 (US$ Million)

9. MEA Baking Ingredients Market – Country Analysis

9.1 Overview

9.1.1 MEA: Baking Ingredients Market, by Key Country

9.1.1.1 South Africa: Baking Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1 South Africa: Baking Ingredients Market, By Type

9.1.1.1.2 South Africa: Baking Ingredients Market, by Application

9.1.1.2 Saudi Arabia: Baking Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1 Saudi Arabia: Baking Ingredients Market, By Type

9.1.1.2.2 Saudi Arabia: Baking Ingredients Market, by Application

9.1.1.3 UAE: Baking Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1 UAE: Baking Ingredients Market, By Type

9.1.1.3.2 UAE: Baking Ingredients Market, by Application

9.1.1.4 Rest of the MEA: Baking Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1 Rest of the MEA: Baking Ingredients Market, By Type

9.1.1.4.2 Rest of the MEA: Baking Ingredients Market, by Application

10. Industry Landscape

10.1 Overview

10.2 Market Initiative

10.3 New Product Development

11. Company Profiles

11.1 Cargill, Incorporated

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 ADM

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 Associated British Foods plc.

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 Koninklijke DSM N.V.

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 Kerry

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 AAK AB

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 Corbion

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

11.8 International Flavors & Fragrances Inc.

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.8.6 Key Developments

11.9 Dawn Food Products Inc.

11.9.1 Key Facts

11.9.2 Business Description

11.9.3 Products and Services

11.9.4 Financial Overview

11.9.5 SWOT Analysis

11.9.6 Key Developments

12. Appendix

12.1 About the Insight Partners

12.2 Word Index

LIST OF TABLES.

Table 1. MEA Baking Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

Table 2. South Africa Baking Ingredients Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 3. South Africa Baking Ingredients Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 4. Saudi Arabia Baking Ingredients Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 5. Saudi Arabia Baking Ingredients Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 6. UAE Baking Ingredients Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 7. UAE Baking Ingredients Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 8. Rest of the MEA Baking Ingredients Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 9. Rest of the MEA Baking Ingredients Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 10.   List of Abbreviation

The List of Companies - Middle East and Africa Baking Ingredients Market

● AAK AB

● ADM

● Associated British Foods plc

● Cargill, Incorporated

● Corbion

● Dawn Food Products Inc.

● International Flavours & Fragrances

● Kerry

● Koninklijke DSM N.

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the MEA baking ingredients market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the MEA baking ingredients market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the baking ingredients market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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