Sustainable Growth Opportunities in the Bread Improvers Market

14/set/2020 15:37:04 MarketsandMarkets Contatta l'autore

According to MarketsandMarkets, the global bread improvers market is estimated to be valued at USD 3.3 billion in 2019 and is projected to reach USD 4.7 billion by 2025, recording a CAGR of 5.7%, in terms of value. The rising consumption of bread and bread products has led to the growth of bread improvers market. Also, the increasing awareness about health and food safety is fueling the demand for whole wheat and multigrain breads, which is helping market growth. Bakery manufacturers are innovating their products to meet the changing functional requirements of the consumers. All these factors are contributing to the growth of bread improvers market.

Bread Improvers Market

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The enzymes segment, by ingredient, is projected to witness significant growth during the forecast period

Based on ingredients, the bread improvers market is segmented into emulsifiers, enzymes, oxidizing agents, reducing agents, and other ingredients. The enzymes segment is projected to witness the highest growth during the forecast period, as enzymes are used as an additive in the processing of bread is non-detectable, and therefore, the product can be considered as a clean-label product. Furthermore, enzymes act as a catalyst during the process, which reduces the time of processing, resulting in the production of better products.

The breads segment is projected to account for a major share in the bread improvers market during the forecast period

By application, the bread improvers market is segmented into breads, cakes, viennoiseries, and other applications. The breads segment is estimated to account for the major share in the bread improvers market, as bread is a staple food in the major countries in the European region. Also, there is an increasing trend of consuming bread in breakfast and meals in the North American and Asia Pacific regions, which is also helping the growth of this segment. With the rising consumption of bread products, such as pizza, donuts, and pies, the other applications segment has shown significant growth during the forecast period.

Europe is projected to account for the largest market share during the forecast period

In 2018, Europe accounted for the largest market share in the bread improvers market. Snacking trends are witnessed in developed regions, such as Europe, where bread, in the form of sandwiches, burgers, and buns, is consumed. Countries, such as the UK, France, Spain, Italy, and Germany, have been the major contributors to the bread improvers market due to the higher consumption of bread products. The bakery market is well-established in the European region, as bread forms a part of the daily diet for consumers here. Key manufacturers in this market are focusing on developing innovative products that align with consumer preferences for gluten-free, non-GMO, and low-carb bakery products.

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This report includes a study on the marketing and development strategies, along with the product portfolios of the leading companies. It consists of profiles of leading companies such as Archer Daniels Midland Company (US), Associated British Foods plc (US), Ireks GmbH (Germany), Oriental Yeast Co., Ltd. (Japan), Fazer Group (Finland), Corbion NV (Netherlands), Nutrex NV (Belgium), Group Soufflet (France), Puratos Group (Belgium), Lallemand Inc. (Canada), Pak Group (US), InVivo (France), Bakels Worldwide, (Switzerland), Lesaffre (France ), and John Watson-Inc (US).

Recent Developments:

  • Kerry Group launched a new product, Acryleast, an acrylamide reducing yeast. The product was launched with Renaissance Bioscience through a licensing agreement. Acryleast is a clean-label solution, which will not affect the taste and texture of food.
  • DuPont announced the establishment of a new probiotics fermentation unit in New York, US. This facility is manufacturing high-quality probiotics for the dietary supplement and food & beverage industries.
  • Puratos and Bakkers Online, a Belgian startup, formed a joint venture to offer artisans a digital platform combining online and in-store shopping.
  • DuPont's Nutrition & Biosciences business entered into a merger agreement with IFF. The deal combines the total worth of the company to USD 45.4 billion. The merger will lead to the enhancement of capabilities and the creation of innovative solutions in the high-value ingredients category.
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