In 2023, the bread improvers market is anticipated to be worth US$4.4 billion. The bread improvers market is anticipated to reach more than US$ 8.8 billion, according to Future Market Insights’ (FMI) report. According to projections, the market would grow at a 7.2% CAGR between 2023 and 2033.
Growing consumption of bakery, bread, and confectionery products around the world and rising demand for convenient and ready-to-eat food and beverage products along with awareness about the importance of bread improvers in the stakeholders of the baking industry are boosting the growth of the Bread Improvers Market.
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Rising consumption of food products like pizza, doughnuts, pastries, and pies, the affinity towards other application segments of bread improvers like cakes, viennoiseries are to show significant growth during the forecast period. For instance, the viennoiserie segment is expected to grow at the highest CAGR of 7.2%, which is above the aggregate market growth rate.
Stakeholders of the bread improvers market are bakery product manufacturers, bread manufacturers, enzyme manufacturers, emulsifier manufacturers, artisan bakers, distributors, and bread improvers manufacturers.
“Bread Improvers production companies have a lot of room for increasing their sales and acquiring market as majority of bakery industry around the world is unexplored for dough enhancers and flavors. Research and development, product customization as per the needs of food and beverage clients, educating the food manufacturers, and robust selling and distribution channels might help the bread improvers manufacturers in emerging as a prominent player in the bakery industry,” says a Future Market Insights Analyst.
Key Takeaways from the Study
- The bread segment is expected to account for the largest share of the bread improvers market. Innovative products like fortified bread, buns, organic bread, and flavored bread impel the growth of the bread segment.
- Bread improver in the form of powder is regarded as the largest segment in the bread improvers market.
- Europe holds over 35% of the global bread improvers market. In 2021, Europe accounted for the largest market share in the bread improvers market owing to the remarkable bakery industry in countries like France, Italy, Germany, the UK, and Spain.
- Organic bread improvers like organic gluten, organic SMP, non-GM lecithin, and organic cider vinegar are anticipated to get better of conventional bread improvers like diacetyl esters of monoglycerides (DATEM), mono-glycerides and di-glycerides of fatty acids, calcium propionate, calcium stearoyl lactylate, polysorbate 60, potassium bromate, and potassium sorbate.
- Bread improver in the form of powder is regarded as the largest segment in the bread improvers market over liquid or paste bread improvers as the application of powder bread improvers is less intricate.
- Over the assessment period, the Asia Pacific bread improvers market is expected to see the highest revenue growth, owing to increased demand for bakery, on-the-go breakfast products and confectionery in the region’s countries.
Competitive Outlook
Huge intake of bread, bakery, and confectionery goods, creative bread product offerings by bakery item manufacturers, and increased demand for convenience ready-to-eat food products are some of the major trends influencing the bread improvers market’s growth. Key manufacturers in the bread improvers domain are now focusing on developing innovative dough enhancers that align with consumer preferences for non-GMO, gluten-free, and low-carb bakery products.
The key players in the global bread improvers market include Associated British Foods, Royal DSM N.V., Lesaffre, DuPont, Archer Daniels Midland Company, Agropur Dairy Cooperative, Riken Vitamin Co., Bakels Sweden, Lallemand Inc., Oy Karl Fazer Ab., Bread Partners, Corbion N.V., Puratos, Kerry Group, and Laucke Flour Mills among others. These market players are focusing on stronger bread improvers distribution channels, new innovative product launches, research and development strategies, and offering a wide variety of options to end-user industries to remain a prominent player in the global market.
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Frequently Asked Questions
- How much is the current worth of Bread Improvers market?
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- Who are the various stakeholders in the bread improvers market?
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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