According to a new report published by Allied Market Research, titled, “Global Bread Improvers Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2019–2026,” the global Bread Improvers market size was valued at $907.7 million in 2018, and is projected to reach $1.4 billion by 2026, registering a CAGR of 6.20% from 2019 to 2026.
The global demand for Bread Improvers market is expected to increase due to the growing demand for organic bakery products from not only the developed regions but also developing countries. For this reason, manufacturers have developed several baking organic ingredients including Bread Improvers.Furthermore, growing demand by bakers has also generated a positive impact for Bread Improvers.This in turn has led to a positive growth aspect for bread enhancers and has created a surge in the Bread Improvers market. However, stringent regulations related tobakery products is anticipated to hinder the growth of the market during the forecast period.
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On the contrary, food manufacturers are progressively in search for new ways to increase their production capacity and profitability. Providing innovative solutions to food producer such as Bread Improvers can be regarded as an opportunity for expansion of the global Bread Improvers market.
The global Bread Improvers market analysis is carried on the basis of form, type, application, and region. On the basis of form, the market is divided into powder, liquid, and paste. Among these, the powder segment led the market with maximum share in terms of revenue in 2018.Bread Improvers in the form of powder facilitate efficient and trouble-free production of yeast-raised bakery products. The application of powder Bread Improvers in terms of dosage is less complex as compared to the other forms, and hence is used comparativ elymore. However, the pasteBread Improvers segment is expected to witness significant growth during the forecast period.
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By application, the market is categorized into bread, cakes, viennoiserie, and others. The bread segment registered the highest growth in 2018, owing to the fact that consumption of bread is significantly high. In addition, surge in demand for bread from the bakery industry and from number of consumers considerably contributes toward the Bread Improvers market growth.
Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Among these, the Europe region accounts for the largest market share in 2018, however Asia-Pacific is expected to grow at the highest CAGR during the forecast period. The consumption of bread is highest among all the segments, due to soaring demand from the bakery industry as well as consumers and hence it holds the largest market share for the year 2018. However, the viennoiserie segment is expected to grow at the highest CAGR of 7.40% during the forecast period. Region wise, the Bread Improvers market is studied across North America, Europe, Asia-Pacific, and LAMEA.
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Key findings of the study
Depending on form, the powder segment accounted for the highest Bread Improvers market share in 2018 and is estimated to grow at a CAGR of 6%.
On the basis of type, the inorganic segment accounted for about 85% of the market share in 2018. However, the organic Bread Improvers segment is expected to grow at a CAGR of 9.30% during the forecast period.
By application, the bread segment accounted for about 72% of the market share in 2018. However, the viennoiserie segment is expected to grow fastest at a CAGR of 7.4% during theBread Improvers market forecast period.
Region wise, Asia-Pacific accounted for about 21% of the market by share and is expected to grow at a CAGR of 7.8%.
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The key players in the global Bread Improversindustry include Agropur Dairy Cooperative, Associated British Foods, Royal DSM N.V., Lesaffre, Riken Vitamin Co., Ltd., Bakels Sweden, Oy Karl Fazer Ab., Corbion N.V., Puratos, and Laucke Flour Mills.
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