According to a recent report by Fact.MR, vegan baking ingredients sales are expected to close in on 38,000 tons in 2019. Widespread adoption of veganism coupled with pervasive trends such as “mindful choices”, “clean label”, and “sustainability” continue to impact growth of the vegan baking ingredients market.
• History Year: 2013 – 2017
• Base Year: 2018
• Estimated Year: 2019
• Forecast Year: 2018 – 2028
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Growing research and development activities for the production of improved vegan baking ingredients is a vital aspect contributing to market proliferation. Innovations in the vegan baking ingredients manufacturing are enabling the production of vegan emulsifiers which are key to producing bakery products that mimic the texture and mouthfeel of normal bakery products. According to the report, the vegan baking ingredients market is projected to grow at 6% CAGR through 2028.
Each segment of the Vegan Baking Ingredients market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the following regions:
North America, Latin America, Europe, Japan, APEJ, and MEA
The key players in the global Vegan Baking Ingredients market report consist of
Associated British Foods, BASF SE, Kerry, DuPont, Dohler Group, Kerry, and Dawn Food Products.
Each market player encompassed in the Vegan Baking Ingredients market study is assessed according to its market share, production footprint, current launches, agreements, ongoing R&D projects, and business tactics. In addition, the Vegan Baking Ingredients market study scrutinizes the strengths, weaknesses, opportunities and threats (SWOT) analysis.
Functional Ingredients Brand Mapping, by Product Type
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The global Vegan Baking Ingredients market covers the demand trends of each end user which includes
• Cakes & Pastries
• Rolls & pies
• Other Applications
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What insights readers can gather from the Vegan Baking Ingredients market report?
• Learn the behavior pattern of every Vegan Baking Ingredients market player – product launches, expansions, collaborations and acquisitions in the market currently.
• Examine and study the progress outlook of the global Vegan Baking Ingredients landscape, which includes, revenue, production & consumption and historical & forecast.
• Understand important drivers, restraints, opportunities, and trends (DROT Analysis).
• Important trends, such as carbon footprint, R&D developments, prototype technologies, and globalization.
The Vegan Baking Ingredients market report answers the following queries:
1. Which players hold the significant Vegan Baking Ingredients market share and why?
2. What strategies are the Vegan Baking Ingredients market players forming to gain a competitive edge?
3. Why region is expected to lead the global Vegan Baking Ingredients market?
4. What factors are negatively affecting the Vegan Baking Ingredients market growth?
5. What will be the value of the global Vegan Baking Ingredients market by the end of 2028?
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