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The AsiaPacific bakery ingredient market is predicted to exhibit the highest growth in CAGR 6.52%, over the forecast period of 20172025. This is expected to boost the revenue generated by the market, increasing it from $2216.7 million in 2016 to $3878.2 million by 2025.
The growth of frozen bakery products and the emerging novelty functions of baking ingredients are providing the market with lucrative growth opportunities. Also, there is a significant rise in the demand for meal solutions/readytoeat meals from this region. The AsiaPacific bakery ingredient market is classified according to the market by type and market by application. The incorporation of bread in the Asian diet has increased significantly over the past few years. Also, baking powder mixes has emerged as a key segment of this market.
Bakels Worldwide, Corbion Nv, Dawn Food Products, Archer Daniels Midland Company, Ingredion, Associated British Foods Plc, Puratos Group Tate Lyle, Lesaffre Italia Spa, N.V.Kerry Group Plc, Cargill Inc, Royal Dsm, and Dupont, are few of the leading players in this market.NEXT ARTICLE
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Food is any substance consumed to provide nutritional support for the body. It is usually of plant or animal origin, and contains essential nutrients, such as carbohydrates, fats, proteins, vitamins, or minerals. The substance is ingested by an organism ...