South America Baking Ingredients Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Baking Powder & Mixes, Emulsifiers, Enzymes, Starches, Colors & Flavors, Oils, Fats & Shortening, and Others) and Application (Breads & Rolls, Biscuits & Cookies, Cakes & Pastries, and Others)
The SAM baking ingredients market is expected to grow from US$ 2,024.38 million in 2022 to US$ 2,804.81 million by 2028; it is estimated to grow at a CAGR of 5.6% from 2022 to 2028.
Over the past few years, the bakery sector has been continuously expanding. The rise in population, rapid urbanization, and changing consumer habits and lifestyles are shaping the bakery sector across several countries. The demand for convenience food is increasing exponentially due to the hectic lifestyle of people. People prefer instant or ready-to-eat food to save their time and effort. Bread and baked products are the staple food in several countries. Moreover, the sector employs almost 800,000 skilled personnel, creating significant employment opportunities. High consumer spending on bakery products is driving the bakery sector across the region. Further, the bakery sector is growing at a significant pace across the developed and developing economies in the region owing to a rise in middle-class population, rising purchasing power, increasing preference for comfort food, and availability of a wide range of bakery products at affordable prices across different retail channels. Consumers prefer bakery products because they are convenient, affordable, and tasty. Bread, cakes, muffins, and doughnuts have become staples in many peoples’ diets. This has increased demand for various baking ingredients used in baked goods, such as flour, sweeteners, livening agents, emulsifiers and shortening, enzymes, and flavors and colors. Thus, the rising consumption of bakery products significantly contributes to the overall growth of the baking ingredients market across South America.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM baking ingredients market. The SAM baking ingredients market is expected to grow at a good CAGR during the forecast period.
SAM Baking Ingredients Market Revenue and Forecast to 2028 (US$ Million)
SAM Baking Ingredients Market Segmentation
The SAM baking ingredients market is analyzed based on type, application, and country. Based on type, the market is segmented into baking powder & mixes, emulsifiers, enzymes, starches, colors & flavors, oils, fats & shortenings, and others. The others segment dominated the market in 2022 and emulsifiers segment is expected to be fastest growing during forecast period. Based on application, the market is segmented into breads & rolls, biscuits & cookies, cakes & pastries, and others. The breads & rolls segment dominated the market in 2022 and cakes & pastries segment expected to be fastest growing during forecast period. Based on country, the SAM baking ingredients market is segmented into the Brazil, Argentina, and Rest of SAM.
AAK AB; ADM; Associated British Foods plc; Cargill, Incorporated; Corbion; Dawn Food Products Inc.; International Flavours & Fragrances; Kerry; and Koninklijke DSM N.V. are among the leading companies in the SAM baking ingredients market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. SAM Baking Ingredients Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. SAM Baking Ingredients Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growth of Bakery Sector
5.1.2 Surging Demand for Organic and Clean-label Bakery Ingredients
5.2 Market Restraints
5.2.1 Increasing Health Concerns
5.3 Market Opportunities
5.3.1 Rising Demand for Functional Ingredients
5.4 Future Trends
5.4.1 Growing Trend of Indulgent Consumption
5.5 Impact Analysis of Drivers and Restraints
6. Baking Ingredients Market – SAM Analysis
6.1 SAM Baking Ingredients Market Overview
6.2 SAM Baking Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
7. SAM Baking Ingredients Market Analysis – By Type
7.1 Overview
7.2 SAM Baking Ingredients Market, By Type (2021 and 2028)
7.3 Baking Powder & Mixes
7.3.1 Overview
7.3.2 Baking Powder & Mixes: Baking Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Emulsifiers
7.4.1 Overview
7.4.2 Emulsifiers: Baking Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Enzymes
7.5.1 Overview
7.5.2 Enzymes: Baking Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Starches
7.6.1 Overview
7.6.2 Starches: Baking Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Colors & Flavors
7.7.1 Overview
7.7.2 Colors & Flavors: Baking Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
7.8 Oils, Fats & Shortenings
7.8.1 Overview
7.8.2 Oils, Fats & Shortenings: Baking Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
7.9 Others
7.9.1 Overview
7.9.2 Others: Baking Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
8. SAM Baking Ingredients Market Analysis – By Application
8.1 Overview
8.2 SAM Baking Ingredients Market, By Application (2021 and 2028)
8.3 Breads & Rolls
8.3.1 Overview
8.3.2 Breads & Rolls: Baking Ingredients Market– Revenue and Forecast to 2028 (US$ Million)
8.4 Biscuits & Cookies
8.4.1 Overview
8.4.2 Biscuits & Cookies: Baking Ingredients Market– Revenue and Forecast to 2028 (US$ Million)
8.5 Cakes & Pastries
8.5.1 Overview
8.5.2 Cakes & Pastries: Baking Ingredients Market– Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Baking Ingredients Market– Revenue and Forecast to 2028 (US$ Million)
9. SAM Baking Ingredients Market – Country Analysis
9.1 Overview
9.1.1 SAM: Baking Ingredients Market, by Key Country
9.1.1.1 Brazil: Baking Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: Baking Ingredients Market, By Type
9.1.1.1.2 Brazil: Baking Ingredients Market, by Application
9.1.1.2 Argentina: Baking Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: Baking Ingredients Market, By Type
9.1.1.2.2 Argentina: Baking Ingredients Market, by Application
9.1.1.3 Rest of SAM: Baking Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of SAM: Baking Ingredients Market, By Type
9.1.1.3.2 Rest of SAM: Baking Ingredients Market, by Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
11. Company Profiles
11.1 Cargill, Incorporated
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 ADM
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Associated British Foods plc.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Koninklijke DSM N.V.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Kerry
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 AAK AB
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Corbion
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 International Flavors & Fragrances Inc.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Dawn Food Products Inc.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About the Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. SAM Baking Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Baking Ingredients Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil Baking Ingredients Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. Argentina Baking Ingredients Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina Baking Ingredients Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. Rest of SAM Baking Ingredients Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of SAM Baking Ingredients Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. List of Abbreviation
LIST OF FIGURES
Figure 1. SAM Baking Ingredients Market Segmentation
Figure 2. SAM Baking Ingredients Market Segmentation – By Country
Figure 3. SAM Baking Ingredients Market Overview
Figure 4. SAM Baking Ingredients Market: By Application
Figure 5. SAM Baking Ingredients Market: By Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. Ecosystem: SAM Baking Ingredients Market
Figure 9. SAM Baking Ingredients Market Impact Analysis of Drivers and Restraints
Figure 10. SAM: Baking Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. SAM Baking Ingredients Market Revenue Share, By Type (2021 and 2028)
Figure 12. SAM Baking Powder & Mixes: Baking Ingredients Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. 0SAM Emulsifiers: Baking Ingredients Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. SAM Enzymes: Baking Ingredients Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. SAM Starches: Baking Ingredients Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. SAM Colors & Flavors: Baking Ingredients Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. SAM Oils, Fats & Shortenings: Baking Ingredients Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. SAM Others: Baking Ingredients Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. SAM Baking Ingredients Market Revenue Share, By Application (2021 and 2028)
Figure 20. SAM Breads & Rolls: Baking Ingredients Market– Revenue and Forecast To 2028 (US$ Million)
Figure 21. SAM Biscuits & Cookies: Baking Ingredients Market– Revenue and Forecast To 2028 (US$ Million)
Figure 22. SAM Cakes & Pastries: Baking Ingredients Market– Revenue and Forecast To 2028 (US$ Million)
Figure 23. SAM Others: Baking Ingredients Market– Revenue and Forecast To 2028 (US$ Million)
Figure 24. SAM: Baking Ingredients Market, by Key Country – Revenue (2021) (US$ Million)
Figure 25. SAM: Baking Ingredients Market Revenue Share, by Key Country (2021 and 2028)
Figure 26. Brazil: Baking Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Argentina: Baking Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Rest of SAM: Baking Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
- AAK AB
- ADM
- Associated British Foods plc
- Cargill, Incorporated
- Corbion
- Dawn Food Products Inc.
- International Flavours & Fragrances
- Kerry
- Koninklijke DSM N.V.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the SAM baking ingredients market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the SAM baking ingredients market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the baking ingredients market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution