DUBLIN– -The “Bakery Ingredients – Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to this report, the Bakery Ingredients market accounted for $12.71 billion in 2017 and is expected to reach $23.96 billion by 2026 growing at a CAGR of 7.3% during the forecast period.
Some of the key factors busy lifestyle change in dietary habits, rising demand for low trans-fat & gluten-free products and high growth in developing countries driving the market growth include. However, stringent regulations, growing substitution of baked products and health issues are restraining the market growth.
On the basis of type, baking powder & mixes segment is anticipated to grow at a steady rate during the forecast period. These are used in bread, cakes, waffles, muffins, and pizza crusts. The expansion of bakeries and retails outlets such as in-store bakeries; convenience stores, supermarket & hypermarket bakeries, artisan bakeries and especially in the emerging countries such as China are estimated to be the key market drivers for the baking powder & mixes segment in the coming years.
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