Market OverviewThe global Frozen Bakery Additives market size was valued at USD 1,200 million in 2022 and is projected to reach USD 2,000 million by 2033, growing at a CAGR of 6.4% during the forecast period.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 1,200 million |
Market Forecast in 2033 | USD 2,000 million |
CAGR % 2023-2033 | 6.4% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heat map, company Capacity Technology Product capacity, growth factors and more |
Key Companies | Associated British Foods Plc., Sensient Technologies Corporation, Archer Daniels Midland Co., Purac Biochem B.V., Cargill Inc., Puratos Group N.V., Lonza Group Ltd., Shenzhen Leveking Bio-Engineering Co. Ltd., Kerry Group, Lasenor Emul S.L., Palsgaard A/S, Jungbunzlauer AG, Ddw-the Color House, E.I. Dupont De Nemours & Company, Royal DSM N.V. and David Michael & Co. |
Global Frozen Bakery Additives Market- DescriptionThe frozen bakery additives market refers to the industry that supplies various additives used in the production of frozen bakery products. These additives are ingredients or substances added to frozen bakery goods to enhance their quality, taste, texture, shelf life, and overall appeal. Frozen bakery additives play a crucial role in the production process as they help overcome challenges associated with freezing and thawing of bakery products. They ensure product stability, prevent spoilage, maintain texture, and improve the visual appeal of frozen bakery items.
There is a growing demand for clean-label additives in the frozen bakery industry. Consumers are increasingly seeking natural and minimally processed ingredients, and this trend has extended to additives as well. Clean-label additives are those that are easily recognizable and understood by consumers, without any artificial or synthetic components. Similar to the clean-label trend, there is a rising preference for natural and organic additives in frozen bakery products. Consumers are becoming more conscious about the origin of ingredients and the environmental impact of food production. This has led to an increased demand for additives sourced from natural and organic ingredients. The market is witnessing a surge in demand for functional additives that provide additional health benefits. These additives may include fibers, probiotics, vitamins, and minerals that improve the nutritional profile of frozen bakery products. Consumers are seeking healthier options, and manufacturers are responding by incorporating functional additives to meet these demands. With the growing prevalence of gluten intolerance and food allergies, there is a significant demand for gluten-free and allergen-free additives in frozen bakery products. These additives help cater to consumers with specific dietary restrictions and ensure the safety of the products for individuals with allergies or intolerances.
Global Frozen Bakery Additives market: Key Trends
• Technological advancements
Advancements in food processing and freezing technologies have influenced the development of new additives for frozen bakery products. Manufacturers are exploring innovative additives that improve freezing and thawing processes, enhance product quality, and extend shelf life.
• Customized and specialty additives
As consumer preferences diversify, there is an increasing need for customized and specialty additives in the frozen bakery industry. Manufacturers are developing additives tailored to specific product formulations, regional tastes, and dietary requirements. This allows for greater product differentiation and appeals to niche consumer segments.
Global Frozen Bakery Additives market: Segmental Analysis
Type
• pH Control Agents
• Emulsifiers, Enzymes
• Colorants
• Thickeners
• Other
Application
• Frozen-Candy
• Jelly
• Cake
• Pastry
• Whipped Cream
• Other
Global Frozen Bakery Additives market: Geographical landscape
The frozen bakery additives market has witnessed significant growth in various regions across the globe. In North America, the United States and Canada are the leading contributors to the market due to the high consumption of frozen bakery products and the presence of key market players. The increasing demand for convenience food and ready-to-eat meals is driving the market growth in this region. Europe is another prominent market for frozen bakery additives, with countries like Germany, France, and the United Kingdom at the forefront. The well-established bakery industry, along with changing consumer lifestyles and preferences, is fueling the demand for frozen bakery products in Europe. Additionally, stringent regulations and guidelines regarding food safety and quality are driving the adoption of additives to enhance the shelf life and overall quality of frozen bakery products. The Asia Pacific region is also witnessing significant growth in the frozen bakery additives market. Countries such as China, India, and Japan are experiencing rapid urbanization, a rising middle class, and an increasing preference for convenience food, which is boosting the demand for frozen bakery products. Moreover, the expanding retail sector and the influence of western food culture are further driving the market growth in this region. Latin America and the Middle East and Africa are emerging markets for frozen bakery additives. In Latin America, countries like Brazil and Mexico are experiencing growing consumer awareness regarding frozen bakery products, leading to increased demand. In the Middle East and Africa, changing consumer lifestyles, urbanization, and the presence of a large expatriate population are driving the demand for frozen bakery products and, consequently, the need for additives.
Global Frozen Bakery Additives Market- Impact of COVID 19
The frozen bakery additives market heavily relies on a global supply chain for sourcing raw materials and ingredients. With the pandemic causing restrictions on transportation and lockdown measures, supply chains were disrupted, leading to delays in the procurement of additives. This resulted in inventory shortages and affected the production capacity of frozen bakery goods. The closure of restaurants, cafes, and other foodservice establishments during lockdowns significantly impacted the demand for frozen bakery products. As people stayed home and limited their social interactions, the consumption of bakery goods outside the home declined. This decrease in demand affected the sales and production of frozen bakery additives. With the pandemic, consumer preferences and buying behaviors have undergone changes. Health and safety concerns became paramount, and consumers showed a preference for healthier and more natural ingredients. This shift in consumer demand influenced the type of additives used in frozen bakery products, with a greater emphasis on clean-label ingredients and natural alternatives.
Global Frozen Bakery Additives Market: Key Companies
• Associated British Foods Plc.
• Sensient Technologies Corporation
• Archer Daniels Midland Co.
• Purac Biochem B.V.
• Cargill Inc.
• Puratos Group N.V.
• Lonza Group Ltd.
• Shenzhen Leveking Bio-Engineering Co. Ltd.
• Kerry Group
• Lasenor Emul S.L.
• Palsgaard A/S
• Jungbunzlauer AG
• Ddw-the Color House
• E.I. Dupont De Nemours & Company
• Royal DSM N.V.
• David Michael & Co.
• Others
Global Frozen Bakery Additives Market: Regional Scope
North America
• U.S.
• Canada
• Mexico
Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
South America
• Brazil
• Argentina
• Rest of South America
Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa
Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
• Business Model
• Production Capacity, Revenue, Sales, Gross Margin
• Key Business Strategy
• SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
• Company Share Analysis from 2018-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Application/End Use
• Company Share Analysis by Product/Specification.
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