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.
Royal DSM signed an agreement to acquire Norwegian company Vestkorn Milling, one of Europe’s leading producers of pea- and bean-derived ingredients for plant-based protein products, for an enterprise value of EUR65m.
Consumers increasingly favor better-for-you products, and their additional spare time at home has changed the way they handle eating occasions. These changes are reflected in developments in the bakery industry post-COVID-19.