DUBLIN – Research and Markets has announced the addition of the "Baking Ingredients Market – By Type (Emulsifiers, Leavening Agents, Enzymes, Others); By Application (Bread, Cookies, Cakes, Buns, Rolls and Others); By Geography -Forecast (2016-2021)" report to their offering.
Bakery products like bread are staple food predominantly in North America and Europe. However, these products are gaining prominence inmerging economies of APAC and Latin America owing to the risin preference for packaged food products and strengthening retail chains. The baking powders & mixes segment accounts for the largest share in the Baking Ingredients Market, followed by oils, fats & shortenings.
The enzymes segment is expected to grow at the highest CAGR in terms of value. ingredients offering similar functionalities are facing competition due to raw material availability and production costs. For instance usage of enzymes in baking restricts the growth of emulsifiers in baking applications.
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