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According to a new report published by Allied Market Research, titled, Bakery Ingredients Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global bakery ingredients market was valued at $7,772 million in 2016, and is projected to reach at $11,225 million by 2023, growing at a CAGR of 5.4% from 2017 to 2023. In 2016, the bread segment accounted for more than half of the share by value in the global market.
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Bakery Ingredients Market Opportunities and Forecasts, 2017-2023
Bakery Ingredients Market Bakery Ingredients Market Overview: Global Bakery Ingredients Market was valued at $7,772 million in 2016, and is projected to reach at $11,225 million by 2023, growing at a CAGR of 5.4% from 2017 to 2023. Bakery ingredients are the food products responsible to maintain the freshness, softness, & taste; improve shelf life; and increase the protein content in the baked items. These items are available in different varieties in the market and are considered as the basic food for human nutrition globally. The choice of the ingredients and the compositions determine the flavor & texture of the finished baked food product. The major products, such as breads and biscuits, are growing at a significant growth rates, thus, these are anticipated to provide high growth opportunities to the key industrial players throughout the forecast period. In the mature markets of North America and Europe, the bakery ingredients exhibiting health benefits and those containing lesser or negligible artificial constituents are growing at a higher rate. The artificial ingredients include benzoyl peroxide, calcium bromate, and harmful colorings. Request to sample- https://www.alliedmarketresearch.com/request-sample/2366
Bakery Ingredients Market Bakery Ingredients Market Key Segments: By Type Enzymes Starch Fiber Colors Flavors Emulsifiers Antimicrobials Others By Application Bread Cookies & Biscuits Rolls & Pies Cakes & Pastries Others
Bakery Ingredients Market • By Geography • North America • U.S. • Mexico • Canada • Europe • UK • Germany • France • Spain • Italy • Rest of Europe • Asia-Pacific • China • Japan • India • Rest of Asia-Pacific • LAMEA
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