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.
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Market Coverage
- Market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Vegan Baking Ingredients Market Segmentation
By Product
- Emulsifier
- Colors & Flavors
- Raising Agents
- Edible Oils
- Others (Starch, Enzymes)
By End Product
- Cakes & Pastries
- Bread& Rolls
- Biscuits & Cookies
- Others
By Type
- Organic Ingredients
- Conventional Ingredients
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Regional Analysis
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Abel & Schafer Inc.
- Andrew Ingredients Ltd.
- Associated British Foods plc
- B&G Foods, Inc. (Clabber Girl Corp.)
- Bakels Group
- BASF SE
- Dawn Food Products, Inc.
- Dealers Ingredients Inc.
- DuPont de Nemours, Inc.
- Fuji Plant Protein Labs Inc
- Kerry Group Plc
- Natural Candy Store
- Nestle S.A.
- Palsgaard A/S
- Puratos Group
- Unilever PLC
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