Overall, the global bakery ingredients market is set to witness growth at a value CAGR of 6.4% from 2022 until 2032, a report by Persistence Market Research shows. A CAGR of 7.3% is anticipated for South Asia and Pacific.
Technavio anticipates a CAGR of 2.99% for the industrial bakery oven market worldwide by 2025, a growth of USD 267.98 m, a study shows. The research outlined a fragmented market, a trend expected to continue over the next three years.
At 6.78% CAGR, the market for clean-label ingredients is anticipated to hit USD 68.57bn by 2028, says Brandessence Market Research. The global market for this segment was evaluated at USD43.32bn in 2021.
Snacking is preferred over traditional eating occasions for third consecutive year, according to the consumer trends study published by Mondelēz International. The company issued its annual State of Snacking report on year-over-year insights.
The global plant-based protein market is expected to attract growth at a CAGR of 5.7% during the forecast period of 2021 to 2031, according to a study made by Transparency Market Research (TMR).
Consumers struggled to find gluten-free goods and faced price increases over the past six months: 87% of 1,891 gluten-free shoppers surveyed said there were fewer gluten-free products available.
The Southeast Asia bakery products market was valued at USD 13,470.18 million in 2020 and is projected to grow at a CAGR of 7.67% from 2021 to 2026, according to research by ResearchAndMarkets.com.
Pea protein ingredient sales are poised to reach a total of USD 1.25 Bn in 2021, according to an estimate made by Future Market Insight (FMI). Sales in the bakery sector are expected to reach USD 341.1 Mn.
