Vegan Baking Ingredients Market

Vegan Baking Ingredients Market Analysis by Starch, Raising Agents, Emulsifiers, Leavening Agents, Baking Powder & Mixes, Vegetable Oils, Colors & Flavors, and Enzymes from 2023 to 2033

Analysis of Vegan Baking Ingredients Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Vegan Baking Ingredients Market Outlook (2023 to 2033)

The global vegan baking ingredients market is estimated at US$ 1.9 billion in 2023 and is forecasted to expand at a noteworthy 6.5% CAGR over the next ten years (2023 to 2033). Worldwide vegan baking ingredients demand is projected to reach a market revenue of US$ 3.6 billion by 2033-end.

What are Vegan Baking Ingredients?

Ingredients derived from plant-based sources which are replacing dairy and animal-based ingredients in bakeries are vegan bakery ingredients. Vegan baking substitutes include products such as vegan milk, vegan butter, egg replacers, vegan baking mixes, and vegan chocolate.

Growing awareness about the relationship between food production and its impact on the environment is prompting consumers to shift towards brands that incorporate sustainable solutions in food processing and manufacturing. Although vegan baking ingredients conform to ethical concerns regarding animal treatment, manufacturers are increasingly focusing on streamlining their supply chain operations to keep consumers informed of their sustainable practices and promote sales.

The baking industry is struggling to produce quality vegan baked goods, owing to the loss of functionality, texture, and mouthfeel that eggs provide. Finding ingredients that can potentially replace eggs in vegan baked goods limits the scope of development for the baking industry.

  • In June 2023, Plantible Foods, a supplier of sustainable protein ingredients, announced the launch of a plant-based egg replacer for baking applications. Rubi Whisk is the first product by the company in its quest to replace animal products with plant-based alternatives.

However, innovations in vegan baking ingredient manufacturing are slowly enabling bakeries to bridge the gap between vegan baked goods and normal bakery items. Numerous companies are working towards the production of vegan baking ingredients that could mimic the texture and taste of bakery products.

Additionally, vegan baking ingredient manufacturers are working towards the development of stabilizers that provide a better texture and mouthfeel. An expanding vegan population is slated to be at the helm of global vegan baking ingredient demand.

Report Attributes Details
Vegan Baking Ingredients Market Size (2023) US$ 1.9 Billion
Projected Market Value (2033F) US$ 3.6 Billion
Global Market Growth Rate (2023 to 2033) 6.5% CAGR
Europe Market Share (2023) 35%
Key Companies Profiled
  • Associated British Foods
  • Kerry
  • DuPont
  • Cargill Inc.
  • Bakels
  • Döhler Group
  • Lallemand Inc.
  • Dawn Food Products
  • Ingredion

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How Can New Companies Make a Name for Themselves in This Market?

“Development of Novel Vegan Baking Substitutes Crucial to Start-up Success”

Incoming vegan baking ingredient manufacturers can focus on tracking vegan baking trends to identify the opportunities, which they can profit from in the future. Vegan sprinkles, vegan food coloring, vegan vanilla extract, vegan baking powder, and vegan baking soda are products that new vegan baking ingredient vendors can sell to improve their revenue generation.

  • In May 2023, The VERY Food Co., a start-up focusing on the development of animal-free egg and dairy ingredients for bakery products, announced its US$ 1.06 billion pre-seed financing round. The company had plans to use the raised capital to finalize its commercial contracts.
  • Gaven Technologies, a start-up based in Israel, is focusing on developing alternatives for animal fats used in the bakery industry. The company has developed a new plant-based protein alternative called FaTRIX that is capable of providing vegan bakery products with a texture that is similar to traditional bakery products.

New companies can know more about the current and forecasted market scenario by studying aspects such as local supply, pricing trends, product standards, safety regulations, and new developments in vegan baking ingredients market research analysis by skilled analysts at Fact.MR, a market research and competitive intelligence provider.

Vegan Baking Ingredients Market Size, Share, Trends, Growth, Demand and Sales Forecast Report by Fact.MR

Country-wise Insights

Western countries such as France, the United States, the United Kingdom, and Germany are projected to offer better returns on investments as compared to Asian countries such as China and India across the study period.

What is Pushing Vegan Baking Ingredient Suppliers to Invest in China?

“Rising Inclination of Middle-class Population towards Veganism”

The standard of living in Asian countries such as China and India has been changing rapidly owing to rising disposable income and the growing influence of Western culture. Veganism is one such trend that has been gaining momentum in several Asian countries recently, but China has been specifically seeing a hike in the popularity of veganism despite being a prominent consumer of meat on a global level.

The middle-class population of the country is leaning toward the veganism trend and driving up the demand for vegan baking ingredients. The growing availability of vegan baking kits, vegan baking mixes, and vegan baking classes in China is also estimated to promote market growth over the coming years.

Why is Europe the Crowning Jewel of the Global Vegan Industry?

“Rapidly Increasing Vegan Population in the Continent”

The number of vegans in European countries is increasing rapidly and faster than most other countries in the world, which makes them highly attractive markets for all kinds of vegan product providers. Growing focus on sustainability and rising consumer awareness regarding the environmental viability of animal-based industries are also fanning the fire of veganism among Europeans.

The United Kingdom is home to the most number of vegans in the world and this is more than enough to show how opportune this country is for vegan baking ingredient providers. France and Germany are other attractive markets in this region.

  • In March 2023, Ulrick & Short, a functional ingredients specialist based in the United Kingdom, announced the launch of a new functional egg replacer specifically for vegan meringues. The ovaprox 14 can also be used for other sweet bakery applications as well.
  • In April 2023, Greggs, a renowned British bakery company, announced the launch of a new vegan bakery product as it continues to expand its vegan product portfolio. The new Mexican Chicken-Free Bake features vegan chicken pieces with different vegetables.

How Opportune is the United States Market for Vegan Baking Ingredient Manufacturers?

“Rising Popularity of Vegan Food and Establishment of Vegan Food Restaurants”

The increasing incidence of lactose intolerance and obesity in the United States has pushed people to opt for healthy eating habits, which is where the veganism trend has gained traction. With more and more people becoming health conscious and opting for plant-based food products in the country, the number of vegan food-selling establishments has increased in recent years. As a result, more people are trying out vegan food and opting for it thereby creating high demand for all kinds of vegan ingredients along with vegan baking ingredients as well.

  • Eleven Madison Park, a renowned fine dining restaurant in New York, United States, announced the launch of a pop-up vegan bakery every Saturday of May 2023. The limited-time pop-up bakery was headed by Executive Pastry Chef Laura Cronin and highlighted vegan treats.

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Category-wise Insights

Vegan baking ingredient brands should focus on supplying ingredients used in the making of vegan bread as their demand in Western countries such as the United States and the United Kingdom increases.

What Will Most Vegan Baking Supplies Be Used For?

“Majority of Vegan Baking Ingredients Used to Make Bread”

Different types of breads are a staple in cuisines around the world. The demand for bread is higher than any other bakery product one can imagine and this is also true for vegans as well. Plant-based bread made from vegan flour is gaining popularity among vegans and is one of the most demanded vegan bakery products around the world. Western countries are projected to spearhead sales of vegan baking ingredients for bread making across the study period and beyond.

Competitive Landscape

Leading vegan baking ingredient brands are focusing on launching new products to improve their revenue generation potential and stay competitive in the global marketplace.

  • In January 2022, International Taste Solutions (ITS), a natural flavor manufacturer and supplier, announced the launch of a new line of vegan flavor enhancers. The Vegan Boost range is available in powder and liquid forms to recreate the traditional bakery taste and feel.
  • In September 2020, Dawn Foods, a popular American manufacturer and distributor of baked goods and other food products, expanded its vegan offerings by launching new vegan bakery mixes and frozen vegan bakery products.

Veganism is not just limited to human nutrition but also penetrating the animal nutrition industry as well. To make most of this trend vegan baking ingredients companies are also focusing on making products suited for animal consumption as well.

  • In October 2022, Peterra Kitchen, a start-up providing plant-based pet food, announced the launch of new vegan baking mixes that can be used to create dog and cat treats.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Key Segments of Vegan Baking Ingredients Industry Research

  • By Product Type :

    • Starch
    • Raising Agents
    • Emulsifiers
    • Leavening Agents
    • Baking Powder & Mixes
    • Vegetable Oils
    • Colors & Flavors
    • Enzymes
  • By Nature :

    • Organic
    • Conventional
  • By Distribution Channel :

    • Direct Sales
      • HoReCa
      • Food Processors
    • Residential
      • Modern Trade
      • Convenience Stores
      • Specialty Stores
      • Small Groceries
      • Online Retail
      • Other Channels
  • By Application :

    • Cakes & Pastries
    • Biscuits & Cookies
    • Bread
    • Rolls & Pies
    • Buns
    • Others
  • By Region :

    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

- FAQs -

How big is the vegan baking ingredients market in 2023?

The global vegan baking ingredients market is valued at US$ 1.9 billion in 2023.

What is the forecasted market valuation for 2033?

Vegan baking ingredient sales are predicted to reach US$ 3.6 billion by 2033-end.

At what pace will the shipments of vegan baking ingredients rise?

The market for vegan baking ingredients is projected to increase at 6.5% CAGR from 2023 to 2033.

Are vegan bakeries successful?

Growing popularity of veganism and rising number of vegans are contributing to the success of vegan bakeries.

Who are the leading vegan baking ingredient suppliers?

Kerry, DuPont, Cargill Inc., Bakels, Döhler Group, and Lallemand Inc. are renowned companies in the industry.

Which is the leading regional market for vegan baking ingredients?

Europe accounts for around 35% share of the global market at present.

Vegan Baking Ingredients Market

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