The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Bread Improvers Market.
It was estimated prior to this unanticipated outbreak that the Bread Improvers Market was expected to grow at a CAGR of 5.5% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
A combination of ingredients that stimulate gluten and support to produce gas which assists and improves the processes of fermentation and dough kneading is known as bread improvers. They are used more often in grain mixes or breads with addition of fruit, seeds or nuts to a loaf to impart strength and volume.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the ingredient type, the bread improvers market is segmented as emulsifiers, enzymes, oxidizing agents, reducing agents, and other ingredients. The emulsifier segment is expected to be the largest segment during the forecast period. Low cost, ability to reduce fat content in bakery products, ease of availability and its use in clean label products are the major factors driving the growth of the segment.
Based on the application type, the bread improvers market is segmented as bread, cakes, viennoiseries, and others. The bread segment is expected to remain the largest segment over the forecast period. Bread has been a staple food for large population around the world. With the growing global population and new products such as fortified and flavored breads, the demand for bread is increasing and hence, snowballing the demand for bread improvers, globally.
In terms of regions, Europe is estimated to be the largest market for bread improvers during the forecast period. The dominance of the European region in the bread improvers market is attributed to the higher consumption of bread products in countries, such as the UK, France, Spain, Italy, and Germany, as bread in the form of sandwiches, burgers, and buns is a part of the daily diet for consumers in these countries.
Key Players:
Some of the major players in the bread improvers market are-
- E.I Du Pont De Nemours and Company
- Archer Daniels Midland Company
- AB Mauri
- Ireks GMBH
- Oriental Yeast Co. Ltd.
- Fazer Group
- Corbion N.V
- Nutrex N.V
- Group Soufflet
- Puratos Group