Report : South America 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)
Others Segment to Dominate SAM Baking Ingredients Market During 2021–2028
According to a new market research study on “SAM Baking Ingredients Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 4,079.12 million by 2028 from US$ 3,045.61 million in 2022. The market is estimated to grow at a CAGR of 5.0% from 2022 to 2028. The report provides trends prevailing in the SAM baking ingredients market along with the drivers and restraints pertaining to the market growth. Growth of bakery sector is the major factor driving the growth of the SAM baking ingredients market. However, increasing health concerns may hamper the growth of the market hinders the growth of SAM baking ingredients market.
The SAM 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 SAM baking ingredients market is segmented into the Brazil, Argentina, and Rest of SAM.
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 SAM baking ingredients market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Cargill, Incorporated to enable customer innovation, co-creation with expanded specialty fats portfolio.
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