The bakery ingredients market is a dynamic and ever-evolving industry that plays a crucial role in the global food sector. Comprising a diverse range of products such as flour, sugar, yeast, fats, and flavorings, this market caters to the growing demand for baked goods worldwide, driven by changing consumer preferences, innovative product offerings, and evolving dietary trends. As the bakery industry continues to expand and diversify, the bakery ingredients market remains a key player in shaping the future of delicious and delightful baked treats.

Key Development:

• Kerry Group Plc (IrelandTaste ) & Nutrition subsidiary announced in November 2020 that it has signed a deal to buy Bio-K Plus International, a Canadian company (Canada). Kerry's probiotics portfolio would be expanded as a result of this acquisition.
• British Bakels (UK) released vegan baking ingredients in January 2020. As veganism gains traction in 2020, customer demand for high-quality vegan bakery choices is projected to soar. As a result, Bakels has added vegan-friendly rich fillings to their vegan offering.
• Kerry's Taste & Nutrition division announced in November 2020 that it has signed a deal to buy Bio-K Plus International, a Canadian company. Kerry's probiotics portfolio would be expanded as a result of this acquisition.

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Segmentation:

• The global Mushroom market accounted for US$ 15.34 billion in 2020 and is estimated to be US$ 25.12 billion by 2030 and is anticipated to register a CAGR of 6.2%. Global bakery ingredients market has been segmented on the basis of type, application, and region.
• On the basis of type, the global bakery ingredients market is segmented into enzymes, starch, fiber, colors, flavors, emulsifiers, antimicrobials, fats, dry baking mix, and others.
• On the basis of application, global bakery ingredients market is segmented into bread, cookies & biscuits, rolls & pies, cakes & pastries, and others.
• On the basis of region, global bakery ingredients market is segmented across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Competitive Analysis:                 

Key players operating in the global bakery ingredients market includes Koninklijke DSM N.V., Kerry Group Plc, Archer Daniels midland company, E. I. Du Pont De Nemours and company, Taura Natural Ingredients Limited, Dawn Food Products Inc., Corbion and British Bakels, Ingredion Incorporated, Novozymes and Puratos Group, and Crust ‘n’ Crumb Food Ingredients Pvt. Ltd.