Vegan Baking Ingredients Market
Global Vegan Baking Ingredients Market Size, Share & Trends Analysis Report by Product (Emulsifier, Colors & Flavors, Raising Agents, Edible Oils, and Others), By End Product (Cakes & Pastries, Breads & Rolls, Biscuits & Cookies, and Others), By Type (Organic Ingredients and Conventional Ingredients) Forecast Period 2020-2026 Update Available - Forecast 2024-2030
The vegan baking ingredients market is anticipated to grow at a CAGR 7.0% during the forecast period. The vegan baking ingredients market is growing significantly with the increasing demand for vegan baking essential due to increasing awareness toward its health benefits all across the globe. The vegan lifestyle is now being adopted by a significant base of the population across the globe which is surging the demand for plant-based baking products. Moreover, the increasing availability of dairy baking alternatives in the market is also significantly promoting the growth of the vegan baking ingredients market.
Additionally, online stores are also utilizing the vegan baking market opportunity by offering a range of vegan baking ingredients to their raising customer base. Moreover, a positive trend toward veganism is expected after the COVID-19 pandemic which will further augment the market growth. However, the consumption of baked is lowering down in recent years due to the associated health problems such as increased blood sugar level, indigestibility, obesity, and many more. This is anticipated to restrict the growth of the vegan baking ingredient industry during the forecast period.
Segmental Outlook
The global vegan baking ingredients market is segmented based on the product, end product, and type. Based on the product, the market is sub-segmented into emulsifiers, colors & flavors, raising agents, edible oils, and others. Further, based on the end product, the market is sub-segmented into cakes & pastries, bread & rolls, biscuits & cookies, and others. On the basis of type, the market is bifurcated into organic and conventional ingredients. A significant rise in the organic vegan ingredient will be witnessed during the forecast period.
The breads & rolls segment will witness a significant growth
The bread & rolls segment is anticipated to grow with a significant CAGR in the vegan baking ingredients market owing to its already established popularity in western countries. Additionally, the rising adoption of bread & rolls across Asia Pacific’s developing economies such as India and China is expected to significantly drive the growth of the breads & rolls segment. In addition to this, the increasing product range of organic vegan bread & rolls across the globe will also impact the growth of the breads & rolls segment in the vegan baking ingredients market.
Global Vegan Baking Ingredients Market Share By End Product, 2020 (%)
Regional Outlooks
The global vegan baking ingredients market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to hold a major market share in the vegan baking ingredients market during the forecast period. The growth of the market in the region is owing to the increasing population that are turning into vegan diet. Moreover, the increased awareness regarding the benefit of vegan diet is also expected to fuel the market growth in the region during the forecast period. Europe and North America are also anticipated to show lucrative growth in the vegan baking ingredients market during the forecast period. The growth of Europe is owing to the large population base of bakery products consuming population.
Global vegan baking ingredients Market Growth, by Region 2020-2026
Asia-Pacific will augment with the fastest growth rate in the vegan baking ingredients market
Asia-Pacific is expected to witness the fastest growth rate in the vegan baking ingredients market owing to the increasing demand for processed bakery products across the region. In addition to this, the increasing acceptance of clean labeled healthy and organic products across the region is also fuelling the growth of the vegan baking ingredient market. Moreover, increasing urbanization, rapidly changing lifestyle owing to the growing disposable income are also some major factor contributing to the market growth in the region.
Market Players Outlook
The key players of the vegan baking ingredients market include Associated British Foods plc, B&G Foods, Inc. (Clabber Girl Corp.), Bakels Worldwide, BASF SE, Kerry Group Plc, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups, and new product launches to stay competitive in the market. For instance, in May 2019, B&G Foods, Inc. acquired Clabber Girl Corp. which is engaged in offering various baking products including baking powder, baking soda, and corn starch. The acquisition will enable the company to gradually increase its earnings per share and free cash flow. Additionally, it is estimated that the acquired business will generate approximately $70 to $75 million of net sales on an annualized basis to the company.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Vegan baking ingredients market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Business Functions and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Associated British Foods plc
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. B&G Foods, Inc. (Clabber Girl Corp.)
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Nestle SA
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. BASF SE
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Kerry Group Plc
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1 Motivators
4.2 Restraints
4.1. Opportunities
5. Market Segmentation
5.1. Global Vegan Baking IngredientsMarket ByProduct
5.1.1. Emulsifier
5.1.2. Colors & Flavors
5.1.3. Raising Agents
5.1.4. Edible Oils
5.1.5. Others (Starch, Enzymes)
5.2. Global Vegan Baking Ingredients Market By End Product
5.2.1. Cakes & Pastries
5.2.2. Bread& Rolls
5.2.3. Biscuits & Cookies
5.2.4. Others
5.3. Global Vegan Baking Ingredients Market By Type
5.3.1. Organic Ingredients
5.3.2. Conventional Ingredients
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Abel & Schafer Inc.
7.2. Andrew Ingredients Ltd.
7.3. Associated British Foods plc
7.4. B&G Foods, Inc. (Clabber Girl Corp.)
7.5. Bakels Group
7.6. BASF SE
7.7. Dawn Food Products, Inc.
7.8. Dealers Ingredients Inc.
7.9. DuPont de Nemours, Inc.
7.10. Fuji Plant Protein Labs Inc
7.11. Kerry Group Plc
7.12. Natural Candy Store
7.13. Nestle S.A.
7.14. Palsgaard A/S
7.15. Puratos Group
7.16. Unilever PLC
1. GLOBAL VEGAN BAKING INGREDIENTS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
2. GLOBAL EMULSIFIER MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
3. GLOBAL COLORS & FLAVORS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL RAISING AGENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
5. GLOBAL EDIBLE OILS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
6. GLOBAL OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
7. GLOBAL VEGAN BAKING INGREDIENTS MARKET RESEARCH AND ANALYSIS BY END PRODUCT, 2019-2026 ($ MILLION)
8. GLOBAL CAKES & PASTRIES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
9. GLOBAL BREAD& ROLLS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
10. GLOBAL BISCUITS & COOKIES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
11. GLOBAL OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
12. GLOBAL VEGAN BAKING INGREDIENTS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
13. GLOBAL VEGAN BAKING INGREDIENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
14. GLOBAL ORGANIC INGREDIENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
15. GLOBAL CONVENTIONAL INGREDIENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
16. GLOBAL COLORS & FLAVORS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
17. NORTH AMERICA VEGAN BAKING INGREDIENTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
18. NORTH AMERICAN VEGAN BAKING INGREDIENTS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
19. NORTH AMERICAN VEGAN BAKING INGREDIENTS MARKET RESEARCH AND ANALYSIS BY END PRODUCT, 2019-2026 ($ MILLION)
20. NORTH AMERICAN VEGAN BAKING INGREDIENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
21. EUROPE VEGAN BAKING INGREDIENTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
22. EUROPE VEGAN BAKING INGREDIENTS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
23. EUROPE VEGAN BAKING INGREDIENTS MARKET RESEARCH AND ANALYSIS BY END PRODUCT, 2019-2026 ($ MILLION)
24. EUROPE VEGAN BAKING INGREDIENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
25. ASIA-PACIFIC VEGAN BAKING INGREDIENTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
26. ASIA-PACIFIC VEGAN BAKING INGREDIENTS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
27. ASIA-PACIFIC VEGAN BAKING INGREDIENTS MARKET RESEARCH AND ANALYSIS BY END PRODUCT, 2019-2026 ($ MILLION)
28. ASIA PACIFIC VEGAN BAKING INGREDIENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
29. REST OF THE WORLD VEGAN BAKING INGREDIENTS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
30. REST OF THE WORLD VEGAN BAKING INGREDIENTS MARKET RESEARCH AND ANALYSIS BY END PRODUCT, 2019-2026 ($ MILLION)
31. REST OF THE WORLD VEGAN BAKING INGREDIENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
1. GLOBAL VEGAN BAKING INGREDIENTS MARKET SHARE BY PRODUCT, 2019 VS 2026 (%)
2. GLOBAL VEGAN BAKING INGREDIENTS MARKET SHARE BY END PRODUCT, 2019 VS 2026 (%)
3. GLOBAL VEGAN BAKING INGREDIENTS MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
4. US VEGAN BAKING INGREDIENTS MARKET SIZE, 2019-2026 ($ MILLION)
5. CANADA VEGAN BAKING INGREDIENTS MARKET SIZE, 2019-2026 ($ MILLION)
6. UK VEGAN BAKING INGREDIENTS MARKET SIZE, 2019-2026 ($ MILLION)
7. FRANCE VEGAN BAKING INGREDIENTS MARKET SIZE, 2019-2026 ($ MILLION)
8. GERMANY VEGAN BAKING INGREDIENTS MARKET SIZE, 2019-2026 ($ MILLION)
9. ITALY VEGAN BAKING INGREDIENTS MARKET SIZE, 2019-2026 ($ MILLION)
10. SPAIN VEGAN BAKING INGREDIENTS MARKET SIZE, 2019-2026 ($ MILLION)
11. ROE VEGAN BAKING INGREDIENTS MARKET SIZE, 2019-2026 ($ MILLION)
12. INDIA VEGAN BAKING INGREDIENTS MARKET SIZE, 2019-2026 ($ MILLION)
13. CHINA VEGAN BAKING INGREDIENTS MARKET SIZE, 2019-2026 ($ MILLION)
14. JAPAN VEGAN BAKING INGREDIENTS MARKET SIZE, 2019-2026 ($ MILLION)
15. REST OF ASIA-PACIFIC VEGAN BAKING INGREDIENTS MARKET SIZE, 2019-2026 ($ MILLION)
16. REST OF THE WORLD VEGAN BAKING INGREDIENTS MARKET SIZE, 2019-2026 ($ MILLION)
