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 - Global Trends & Forecast to 2020

 Published On: Dec, 2015 |    No of Pages: 157 |  Published By: MarketsandMarkets | Format: PDF
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The baking ingredients market, estimated at USD 11.79 billion in 2015, is projected to grow at a CAGR of 5.2% to reach USD 15.19 billion by 2020. The market is driven by factors such rising per capita consumption of baked goods and product development of innovative baking ingredients that are cost-effective as well as beneficial for heath. The high growth potential in emerging markets and untapped regions provide new growth opportunities for market players.

Baking powders & mixes accounted for the largest market share in 2014

Among the types of baking ingredients,—which include emulsifiers, leavening agents, enzymes, starch, oils, fats, & shortenings, colors & flavors, and others—baking powders & mixes accounted for the largest market share, followed by oils, fats & shortenings. Baking powders are used on a large scale for day to day bread preparations in regions where there is higher per capita consumption of baked products. The enzymes segment is expected to grow at the highest CAGR with increasing applications in baked products.

Bread leads the market with the largest share

On the basis of application, the baking ingredients market is led by the bread segment, followed by cakes & pastries and cookies & biscuits. These are consumed on a large scale in developing regions as convenience and functional foods due to changing lifestyle trends. Cakes & pastries are the fastest-growing application segments for baking ingredients, particularly in developing Asian economies with greater demand for convenience foods and increasing disposable incomes.

China: The future of the baking industry

Increasing demand for convenience foods, functional foods, and baked goods, coupled with the constantly changing lifestyles, has increased the demand for baked products in China and other developing Asian economies. With a rise in disposable income and inclination towards western eating habits, several users are willing to spend on new innovative baked products and incorporate baked items such as breads and rolls in their daily diets.

The U.S. was the largest country-level market for baking ingredients, whereas the market in China is expected to grow at the highest CAGR of 7.0%, in terms of value.

Break-up of Primaries:

- By Company Type - Tier 1 – 55 %, Tier 2 – 20% and Tier 3 – 25%
- By Designation – C level – 60%, Director level – 25%, Others – 15%
- By Region – North America - 10%, Europe – 20%, Asia-Pacific – 40%, RoW – 30%

Leading players such as Royal DSM N.V. (The Netherlands), Corbian N.V. (The Netherlands), Associated British Foods (U.K.), Cargill, Inc. (U.S.), and Kerry Group plc (Ireland) have been profiled in the report. The other players include AAK Limited (U.K.), British Bakels Ltd. (U.K.), Dawn Food Products, Inc. (U.S.), Muntons plc (U.K.), and Taura Natural Ingredients Limited (New Zealand).

Reasons to buy this report:

• To get a comprehensive overview of the global baking ingredients market
• To gain wide ranging information about the top players in this industry, their product portfolios and key strategies adopted by them
• To gain insights about the major countries/regions in which the baking ingredients market is flourishing
TABLE OF CONTENTS

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 16
1.3.1 YEARS CONSIDERED 16
1.4 CURRENCY CONSIDERED 17
1.5 UNIT CONSIDERED FOR THE STUDY 17
1.6 LIMITATIONS 17
1.7 STAKEHOLDERS 17

2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.2 PRIMARY DATA 19
2.1.2.1 Breakdown of primary interviews 19
2.2 FACTOR ANALYSIS 20
2.2.1 INTRODUCTION 20
2.2.2 DEMAND-SIDE ANALYSIS 20
2.2.2.1 Developing Economies 20
2.2.2.2 Growing Middle-income population, 2009–2030 21
2.2.2.3 Bread consumption patterns in leading countries 22
2.2.2.4 Increasing Global Per Capita Income 22
2.2.3 SUPPLY-SIDE ANALYSIS 23
2.2.3.1 Availability of raw material 23
2.3 MARKET SIZE ESTIMATION 24
2.3.1 BOTTOM-UP APPROACH 24
2.3.2 TOP-DOWN APPROACH 25
2.4 MARKET BREAKDOWN & DATA TRIANGULATION 26
2.5 MARKET SHARE ESTIMATION 27
2.5.1 KEY DATA TAKEN FROM SECONDARY SOURCES 27
2.5.2 KEY DATA FROM PRIMARY SOURCES 27
2.5.3 KEY INDUSTRY INSIGHTS 28
2.6 RESEARCH ASSUMPTIONS & LIMITATIONS 28
2.6.1 ASSUMPTIONS 28
2.6.2 LIMITATIONS 29

3 EXECUTIVE SUMMARY 30

4 PREMIUM INSIGHTS 34
4.1 ATTRACTIVE OPPORTUNITIES IN BAKING INGREDIENTS MARKET 34
4.2 BAKING POWDER & MIXES: LEADING SEGMENT FOR BAKING INGREDIENTS, BY TYPE 34
4.3 ASIA-PACIFIC: FASTEST-GROWING BAKING INGREDIENTS MARKET 35
4.4 BAKING INGREDIENTS MARKET GROWTH, BY COUNTRY,  2015–2020 35
4.5 BAKING INGREDIENTS MARKET: DEVELOPED VS. DEVELOPING NATIONS, 2015–2020 (USD MILLION) 36
4.6 LIFE CYCLE ANALYSIS, BY REGION 36

5 MARKET OVERVIEW 38
5.1 INTRODUCTION 39
5.2 HISTORY & EVOLUTION 39
5.3 MARKET SEGMENTATION 40
5.3.1 BAKING INGREDIENTS MARKET, BY TYPE 41
5.3.1.1 Emulsifiers 41
5.3.1.2 Enzymes 41
5.3.1.3 Baking Powder & Mixes 41
5.3.1.4 Colors & Flavors 41
5.3.1.5 Oils, Fats & Shortening 41
5.3.1.6 Leavening Agents 42
5.3.1.7 Starch 42
5.3.1.8 Other Types 42
5.3.2 BAKING INGREDIENTS MARKET, BY APPLICATION 42
5.4 MARKET DYNAMICS 43
5.4.1 DRIVERS 43
5.4.1.1 Changing consumer lifestyles 43
5.4.1.2 Increasing demand for natural ingredients due to increasing consumer awareness 45
5.4.2 RESTRAINTS 45
5.4.2.1 Adherence to international quality standards and regulations for baking ingredient products 45
5.4.2.2 Ambiguity over consumption of trans fatty acids and health issues related to it 46
5.4.3 OPPORTUNITIES 46
5.4.3.1 Emerging Applications of Baking Ingredients 46
5.4.3.2 Alternatives for Emulsifiers to Reduce Production Costs 46
5.4.3.3 Increasing consumption of baked foods in developed and developing countries 46
5.4.4 CHALLENGES 47
5.4.4.1 Growing substitution of the baked goods with the cereals and cornflakes categories 47
5.4.4.2 Demand for clean label products from consumers 47

6 INDUSTRY TRENDS 48
6.1 INTRODUCTION 48
6.2 VALUE CHAIN ANALYSIS 48
6.3 SUPPLY CHAIN ANALYSIS 49
6.3.1 PROMINENT COMPANIES 50
6.3.2 SMALL & MEDIUM ENTERPRISES 50
6.3.3 END USERS (MANUFACTURERS/RESTAURANTS/FAST FOOD CHAINS/RETAIL CUSTOMERS/GOVERNMENTS/RESEARCHERS) 50
6.4 INDUSTRY TRENDS 51
6.5 PORTER’S FIVE FORCES ANALYSIS 51
6.5.1 THREAT OF NEW ENTRANTS 52
6.5.2 THREAT OF SUBSTITUTES 52
6.5.3 BARGAINING POWER OF SUPPLIERS 52
6.5.4 BARGAINING POWER OF BUYERS 52
6.5.5 INTENSITY OF COMPETITIVE RIVALRY 53
6.6 PEST ANALYSIS 53
6.6.1 POLITICAL/LEGAL FACTORS 53
6.6.1.1 Government Regulations 53
6.6.2 ECONOMIC FACTORS 53
6.6.2.1 Economic losses due to spoilage of bakery products 53
6.6.3 SOCIAL FACTORS 54
6.6.3.1 Urbanization, convenience, and food consumption trends 54
6.6.4 TECHNOLOGICAL FACTORS 54
6.6.4.1 Demand for innovative products and adoption of new technologies 54
6.7 INTERNATIONAL REGULATIONS ON BAKED FOODS 54

7 BAKING INGREDIENTS MARKET, BY TYPE 57
7.1 INTRODUCTION 58
7.2 EMULSIFIERS 60
7.3 ENZYMES 62
7.3.1 LEAVENING AGENTS 64
7.3.2 BAKING POWDER & MIXES 65
7.3.3 OILS, FATS & SHORTENINGS 67
7.3.4 COLORS & FLAVORS 68
7.3.5 STARCH 69
7.3.6 OTHERS 71

8 BAKING INGREDIENTS, BY APPLICATION 73
8.1 INTRODUCTION 74
8.2 BREAD 75
8.3 COOKIES & BISCUITS 76
8.4 ROLLS & PIES 76
8.5 CAKES & PASTRIES 77

9 BAKING INGREDIENTS MARKET, BY REGION 79
9.1 INTRODUCTION 80
9.2 NORTH AMERICA 81
9.2.1 U.S. 84
9.2.2 CANADA 85
9.2.3 MEXICO 86
9.3 EUROPE 87
9.3.1 U.K. 90
9.3.2 FRANCE 91
9.3.3 GERMANY 92
9.3.4 ITALY 92
9.3.5 SPAIN 93
9.3.6 RUSSIA 94
9.3.7 REST OF EUROPE 95
9.4 ASIA PACIFIC 95
9.4.1 CHINA 98
9.4.2 JAPAN 99
9.4.3 AUSTRALIA 100
9.4.4 INDIA 100
9.4.5 KOREA 101
9.4.6 VIETNAM 102
9.4.7 REST OF ASIA PACIFIC 103
9.5 REST OF WORLD (ROW) 103
9.5.1 BRAZIL 106
9.5.2 ARGENTINA 107
9.5.3 CHILE 107
9.5.4 AFRICA 108
9.5.5 MIDDLE EAST 109

10 COMPETITIVE LANDSCAPE 110
10.1 OVERVIEW 110
10.2 MARKET SHARE ANALYSIS 111
10.3 COMPETITIVE TRENDS FOR BAKING INGREDIENTS MARKET 111
10.3.1 ACQUISITIONS & MERGERS 113
10.3.2 NEW PRODUCT DEVELOPMENTS 113
10.3.3 AGREEMENTS& JOINT VENTURES 114
10.3.4 EXPANSIONS & INVESTMENTS 115

11 COMPANY PROFILES 116
11.1 INTRODUCTION 116 (Overview, Financials, Products & Services, Strategy, and Developments)*
11.2 CARGILL, INCORPORATED 117
11.3 ASSOCIATED BRITISH FOODS PLC (ABF) 123
11.4 ROYAL DSM N.V. 128
11.5 KERRY GROUP PLC 131
11.6 TAURA NATURAL INGREDIENTS LIMITED 134
11.7 AARHUSKARLSHAMN (AAK) 137
11.8 DAWN FOOD PRODUCTS, INCORPORATED 139
11.9 MUNTONS PLC 141
11.10 CORBION N.V. (FORMER, CSM N.V.) 142
11.11 BRITISH BAKELS LIMITED 144

*Details on overview, financials, product & services, strategy, and developments might not be captured in case of unlisted companies.

12 APPENDIX 146
12.1 INSIGHTS OF INDUSTRY EXPERTS 146
12.2 DISCUSSION GUIDE 147
12.3 COMPANY DEVELOPMENTS 149
12.3.1 ACQUISITIONS & MERGERS 149
12.3.2 NEW PRODUCT LAUNCHES/DEVELOPMENTS 150
12.3.3 AGREEMENTS& JOINT VENTURES 151
12.3.4 EXPANSIONS & INVESTMENTS 152
12.4 INTRODUCING RT: REAL-TIME INTELLIGENCE 154
12.5 AVAILABLE CUSTOMIZATIONS 154
12.6 RELATED REPORTS 155

LIST OF TABLES

TABLE 1 PRODUCTION AND CONSUMPTION OF BREAD (2014) 22
TABLE 2 PRICE RANGE OF BAKERY/WHEAT FLOUR (2011-2015) 23
TABLE 3 ASSUMPTIONS OF THE STUDY 28
TABLE 4 HEALTHY FOOD PRODUCT CONSUMPTION, BY ATTRIBUTE & REGION 45
TABLE 5 NEW PRODUCT LAUNCH IS THE KEY STRATEGY FOR INDUSTRY PLAYERS 51
TABLE 6 BAKING CONSTITUENTS AND THEIR MAIN FUNCTIONS 58
TABLE 7 BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 59
TABLE 8 BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (KT) 60
TABLE 9 EMULSIFIERS: BAKING INGREDIENTS MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 61
TABLE 10 EMULSIFIERS: BAKING INGREDIENTS MARKET SIZE, BY REGION, 2013-2020 (KT) 62
TABLE 11 ENZYMES: BAKING INGREDIENTS MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 63
TABLE 12 ENZYMES: BAKING INGREDIENTS MARKET SIZE, BY REGION, 2013-2020 (KT) 64
TABLE 13 YEAST LEVEL IN DIFFERENT BAKERY PRODUCTS 64
TABLE 14 LEAVENING AGENTS: BAKING INGREDIENTS MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 65
TABLE 15 LEAVENING AGENTS: BAKING INGREDIENTS MARKET SIZE, BY REGION, 2013-2020 (KT) 65
TABLE 16 MAIN COMPONENTS OF BAKING MIXES 66
TABLE 17 BAKING POWDER & MIXES: BAKING INGREDIENTS MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 66
TABLE 18 BAKING POWDER & MIXES: BAKING INGREDIENTS MARKET SIZE, BY REGION, 2013-2020 (KT) 66
TABLE 19 OILS, FATS & SHORTENINGS: BAKING INGREDIENTS MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 67
TABLE 20 OILS, FATS & SHORTENINGS: BAKING INGREDIENTS MARKET SIZE, BY REGION, 2013-2020 (KT) 67
TABLE 21 COLORS & FLAVORS: BAKING INGREDIENTS MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 68
TABLE 22 COLORS & FLAVORS: BAKING INGREDIENTS MARKET SIZE, BY REGION, 2013-2020 (KT) 69
TABLE 23 STARCH: BAKING INGREDIENTS MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 70
TABLE 24 STARCH: BAKING INGREDIENTS MARKET SIZE, BY REGION, 2013-2020 (KT) 70
TABLE 25 OTHERS: BAKING INGREDIENTS MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 72
TABLE 26 OTHERS: BAKING INGREDIENTS MARKET SIZE, BY REGION, 2013-2020 (KT) 72
TABLE 27 BAKING INGREDIENTS MARKET SIZE, 2013-2020 (USD MILLION) 74
TABLE 28 BREAD: BAKING INGREDIENTS MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 75
TABLE 29 COOKIES & BISCUITS: BAKING INGREDIENTS MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 76
TABLE 30 ROLLS & PIES: BAKING INGREDIENTS MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 77
TABLE 31 CAKES & PASTRIES: BAKING INGREDIENTS MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 78
TABLE 32 BAKING INGREDIENTS MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 80
TABLE 33 BAKING INGREDIENTS MARKET, 2013-2020 (KT) 81
TABLE 34 NORTH AMERICA: BAKING INGREDIENTS MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION) 82
TABLE 35 NORTH AMERICA: BAKING INGREDIENTS MARKET SIZE, BY COUNTRY, 2013-2020 (KT) 83
TABLE 36 NORTH AMERICA: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 83
TABLE 37 NORTH AMERICA: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (KT) 84
TABLE 38 NORTH AMERICA: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 84
TABLE 39 U.S.: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 85
TABLE 40 CANADA: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 86
TABLE 41 MEXICO: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 86
TABLE 42 EUROPE: BAKING INGREDIENTS MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION) 88
TABLE 43 EUROPE: BAKING INGREDIENTS MARKET SIZE, BY COUNTRY, 2013-2020 (KT) 88
TABLE 44 EUROPE: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 89
TABLE 45 EUROPE: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (KT) 89
TABLE 46 EUROPE: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 90
TABLE 47 U.K.: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 91
TABLE 48 FRANCE: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 91
TABLE 49 GERMANY: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 92
TABLE 50 ITALY: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 93
TABLE 51 SPAIN: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 94
TABLE 52 RUSSIA: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 94
TABLE 53 REST OF EUROPE: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 95
TABLE 54 ASIA-PACIFIC: BAKING INGREDIENTS MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION) 96
TABLE 55 ASIA-PACIFIC: BAKING INGREDIENTS MARKET SIZE, BY COUNTRY, 2013-2020 (KT) 97
TABLE 56 ASIA-PACIFIC: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 97
TABLE 57 ASIA-PACIFIC: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (KT) 98
TABLE 58 ASIA-PACIFIC: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 98
TABLE 59 CHINA: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 99
TABLE 60 JAPAN: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 99
TABLE 61 AUSTRALIA: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 100
TABLE 62 INDIA: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 101
TABLE 63 KOREA: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 102
TABLE 64 VIETNAM: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 102
TABLE 65 REST OF ASIA PACIFIC: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 103
TABLE 66 ROW: BAKING INGREDIENTS MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 104
TABLE 67 ROW: BAKING INGREDIENTS MARKET SIZE, BY REGION, 2013-2020 (KT) 104
TABLE 68 ROW: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 105
TABLE 69 ROW: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (KT) 105
TABLE 70 ROW: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 106
TABLE 71 BRAZIL: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 106
TABLE 72 ARGENTINA: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 107
TABLE 73 CHILE: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 108
TABLE 74 AFRICA: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 108
TABLE 75 MIDDLE EAST: BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 109
TABLE 76 ACQUISITIONS & MERGERS, 2010-2015 113
TABLE 77 NEW PRODUCT DEVELOPMENTS, 2010-2015 113
TABLE 78 AGREEMENTS & JOINT VENTURES, 2011-2015 114
TABLE 79 EXPANSIONS & INVESTMENTS, 2010-2015 115

LIST OF FIGURES

FIGURE 1 BAKING INGREDIENTS MARKET SEGMENTATION 16
FIGURE 2 RESEARCH DESIGN 18
FIGURE 3 TOP 5 ECONOMIES BASED ON GDP (PPP) ARE THE U.S., CHINA, INDIA, JAPAN, AND GERMANY (2014) 21
FIGURE 4 MIDDLE-INCOME POPULATION IN ASIA-PACIFIC IS PROJECTED TO GROW AND ACCOUNT FOR THE LARGEST SHARE IN THE GLOBAL MARKET BY 2030 21
FIGURE 5 QUARTERLY PRICE RANGE OF BAKERY/WHEAT FLOUR (2011-2015) 24
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 25
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 25
FIGURE 8 DATA TRIANGULATION 26
FIGURE 9 BAKING INGREDIENTS MARKET SNAPSHOT (2015 VS. 2020): ENZYMES SEGMENT IS PROJECTED TO GROW RAPIDLY DURING FORECAST PERIOD 30
FIGURE 10 BAKING INGREDIENTS MARKET SIZE, BY REGION (USD MILLION) 31
FIGURE 11 ACQUISITIONS & MERGERS: THE KEY STRATEGY 31
FIGURE 12 BAKING INGREDIENTS MARKET SHARE (VALUE), BY REGION, 2014 32
FIGURE 13 ASIA-PACIFIC: BAKING INGREDIENTS MARKET SIZE, BY APPLICATION (USD MILLION), 2015-2020 32
FIGURE 14 EMERGING MARKETS WITH PROMISING GROWTH POTENTIAL, 2015–2020 (USD MILLION) 34
FIGURE 15 ENZYMES SEGMENT PROJECTED TO GROW AT THE HIGHEST CAGR FROM 2015-2020 34
FIGURE 16 BREAD SEGMENT ACCOUNTED FOR LARGEST SHARE IN THE ASIA-PACIFIC MARKET, 2014 (USD MILLION) 35
FIGURE 17 CHINA TO GROW AT HIGHEST CAGR IN BAKING INGREDIENTS MARKET, 2015–2020 35
FIGURE 18 DEVELOPED MARKETS TO DOMINATE & SHOW STRONG GROWTH OPPORTUNITIES IN THE NEXT 5 YEARS 36
FIGURE 19 BAKING INGREDIENTS MARKET IS PROJECTED TO EXPERIENCE STRONG GROWTH IN THE ASIA-PACIFIC REGION 36
FIGURE 20 HISTORY & EVOLUTION OF THE BAKING INGREDIENTS MARKET 40
FIGURE 21 BAKING INGREDIENTS MARKET SEGMENTATION 40
FIGURE 22 CHANGING LIFESTYLES AND EATING HABITS DRIVE THE BAKING INGREDIENTS MARKET 43
FIGURE 23 PER CAPITA CONSUMPTION OF FINE BAKED GOODS IN EUROPE FROM 2009 TO 2013 (KILOGRAMS) 44
FIGURE 24 RETAILER SALES OF TOP FIVE GLUTEN-FREE FOODS SEGMENTS, 2011-13 (USD MILLION) 44
FIGURE 25 VALUE CHAIN ANALYSIS : MAJOR VALUE IS ADDED DURING MANUFACTURING & MATERIAL SOURCING 49
FIGURE 26 SUPPLY CHAIN: MULTI-MODEL DISTRIBUTION SYSTEM FOLLOWED BY PROMINENT PLAYERS 49
FIGURE 27 PORTER’S FIVE FORCES ANALYSIS 51
FIGURE 28 BAKING INGREDIENTS MARKET SIZE, BY TYPE, 2015 VS. 2020 (USD MILLION) 59
FIGURE 29 BAKING INGREDIENTS MARKET SIZE, BY APPLICATION, 2015 VS. 2020 74
FIGURE 30 NORTH AMERICA DOMINATED THE CAKES & PASTRIES SEGMENT OF BAKING INGREDIENTS MARKET 2015 V/S 2020 78
FIGURE 31 BAKING INGREDIENTS MARKET 2013-2020 80
FIGURE 32 NORTH AMERICA: BAKING INGREDIENTS MARKET, 2013-2020 82
FIGURE 33 EUROPE: BAKING INGREDIENTS MARKET, 2013-2020 87
FIGURE 34 U.K.: TOP FIVE TYPES OF BAKED GOODS PURCHASED 90
FIGURE 35 SPAIN: BREAD CONSUMPTION FROM 2010 TO 2013 (MILLION KILOGRAMS) 93
FIGURE 36 ASIA-PACIFIC: BAKING INGREDIENTS MARKET SIZE, BY COUNTRY, 2013-2020 96
FIGURE 37 SOUTH KOREA: BAKERY MARKET INSIGHT 2012 101
FIGURE 38 ROW: BAKING INGREDIENTS MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 104
FIGURE 39 COMPANIES ADOPTED ACQUISITIONS & MERGERS AS THE KEY GROWTH STRATEGY, 2010-2015 110
FIGURE 40 BAKING INGREDIENTS MARKET SHARE, BY KEY PLAYER, 2014 111
FIGURE 41 NEW PRODUCT DEVELOPMENTS INCREASED BETWEEN 2010 & 2015 112
FIGURE 42 ACQUISITIONS & MERGERS: THE KEY STRATEGY 112
FIGURE 43 GEOGRAPHIC REVENUE MIX OF TOP 5 MARKET PLAYERS 116
FIGURE 44 CARGILL, INCORPORATED: COMPANY SNAPSHOT 118
FIGURE 45 ASSOCIATED BRITISH FOODS PLC: COMPANY SNAPSHOT 123
FIGURE 46 ROYAL DSM N.V.: COMPANY SNAPSHOT 128
FIGURE 47 KERRY GROUP PLC: COMPANY SNAPSHOT 131
FIGURE 48 TAURA NATURAL INGREDIENTS LIMITED: COMPANY SNAPSHOT 134
FIGURE 49 AARHUSKARLSHAMN : COMPANY SNAPSHOT 137
FIGURE 50 CORBION N.V. (FORMER CSM N.V.): COMPANY SNAPSHOT 142

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