Global Dough Conditioners Market Projected to Reach $5.24 Billion by 2027, Exhibiting a Steady CAGR of 5.12%
The Business Research Company's Dough Conditioners Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
LONDON, GREATER LONDON, UK, October 26, 2023 /EINPresswire.com/ -- The global dough conditioners market, valued at $4.09 billion in 2022, is anticipated to experience steady growth, reaching $5.24 billion by 2027, with a commendable compound annual growth rate (CAGR) of 5.12%. Despite challenges stemming from the Russia-Ukraine conflict and the ongoing ramifications of the COVID-19 pandemic, the market is poised for expansion, propelled by the escalating demand for bakery and confectionery products across diverse consumer segments.
Market Drivers: Surging Demand for Bakery Products Stimulates Market Growth
The surging demand for bakery products is a key driver fueling the growth of the dough conditioners market. Dough conditioners play a vital role in enhancing various bakery products, imparting improved dough handling, structure reinforcement, prolonged freshness, consistent quality and appearance, and heightened tolerance to diverse processing conditions. This, in turn, ensures optimal dough performance and contributes to the overall appeal and longevity of bakery goods.
Market Segments and Leading Players
• Types: Enzymes, Emulsifiers, Oxidizing Agents, Reducing Agents, Others
• Form: Powder, Liquid, Semi-Liquid, Granular
• Applications: Bread, Rolls and Buns, Pastries and Cakes, Pizza Crust, Tortillas, Other Applications
Key market players such as Cargill Incorporated, Archer-Daniels-Midland Company, and Associated British Foods PLC are at the forefront of driving product innovation and industry advancements, contributing significantly to the development and expansion of the dough conditioners market globally.
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Emerging Trends: Product Innovations and Strategic Mergers Shaping Market Landscape
A prominent trend gaining traction in the dough conditioners market is the emphasis on product innovations, as highlighted by Corbion's introduction of a consumer-friendly dough-strengthening solution. This innovative solution enables bakers to create robust dough that meets the demands of high-speed commercial processing, reducing the reliance on expensive critical wheat gluten, thus addressing supply and pricing challenges faced by bakers.
The strategic merger between Eurogerm and KB Ingredients signifies Eurogerm's efforts to expand its production and distribution capacities, particularly in North America, while simultaneously leveraging enhanced research and development capabilities from KB Ingredients, an established baking ingredient company.
North America Takes the Lead, with Asia-Pacific Poised for Rapid Growth
In 2022, North America emerged as the dominant region in the dough conditioners market, with Asia-Pacific anticipated to exhibit robust growth in the forecast period. The report encompasses a comprehensive analysis of market dynamics across key regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Explore the complete report for a detailed understanding of the global dough conditioners market dynamics:
https://www.thebusinessresearchcompany.com/report/dough-conditioners-global-market-report
Dough Conditioners Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Dough Conditioners Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on dough conditioners market size, dough conditioners market drivers and trends, dough conditioners market major players, competitors' revenues, market positioning, and dough conditioners market growth across geographies. The dough conditioners market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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Food and Beverages Market Growth Forecast 2023-2027
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