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.
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
LIST OF FIGURES
Figure 1. MEA Baking Ingredients Market Segmentation
Figure 2. MEA Baking Ingredients Market Segmentation – By Country
Figure 3. MEA Baking Ingredients Market Overview
Figure 4. MEA Baking Ingredients Market: By Application
Figure 5. MEA Baking Ingredients Market: By Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. Ecosystem: MEA Baking Ingredients Market
Figure 9. MEA Baking Ingredients Market Impact Analysis of Drivers and Restraints
Figure 10. MEA: Baking Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. MEA Baking Ingredients Market Revenue Share, By Type (2021 and 2028)
Figure 12. MEA Baking Powder & Mixes: Baking Ingredients Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. MEA Emulsifiers: Baking Ingredients Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. MEA Enzymes: Baking Ingredients Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. MEA Starches: Baking Ingredients Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. MEA Colors & Flavors: Baking Ingredients Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. MEA Oils, Fats & Shortenings: Baking Ingredients Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. MEA Others: Baking Ingredients Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. MEA Baking Ingredients Market Revenue Share, By Application (2021 and 2028)
Figure 20. MEA Breads & Rolls: Baking Ingredients Market– Revenue and Forecast To 2028 (US$ Million)
Figure 21. MEA Biscuits & Cookies: Baking Ingredients Market– Revenue and Forecast To 2028 (US$ Million)
Figure 22. MEA Cakes & Pastries: Baking Ingredients Market– Revenue and Forecast To 2028 (US$ Million)
Figure 23. MEA Others: Baking Ingredients Market– Revenue and Forecast To 2028 (US$ Million)
Figure 24. MEA: Baking Ingredients Market, by Key Country – Revenue (2021) (US$ Million)
Figure 25. MEA: Baking Ingredients Market Revenue Share, by Key Country (2021 and 2028)
Figure 26. South Africa: Baking Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
Figure 27. Saudi Arabia: Baking Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. UAE: Baking Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of the MEA: Baking Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
- AAK AB
- ADM
- Associated British Foods plc
- Cargill, Incorporated
- Corbion
- Dawn Food Products Inc.
- International Flavours & Fragrances
- Kerry
- Koninklijke DSM N.
- 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