Baking Ingredients Market Worth $27.2 Billion by 2030

The Baking Ingredients Market is projected to reach $27.2 billion by 2030, at a CAGR of 6.4% from 2023 to 2030. The growing consumer demand for bakery products, increasing urbanization and changing food consumption patterns, and rising demand for healthy bakery products are the key factors driving the growth of the baking ingredients market. However, an increase in health-conscious consumers is expected to hinder the growth of this market to a notable extent. Furthermore, growing consumer demand for frozen bakery products and emerging functional bakery ingredients are expected to provide significant growth opportunities for manufacturers of baking ingredients in the coming years.

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