Vegan Baking Ingredients Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028

Published on : Feb-2019 | List of Tables : 58 | List of Figures : 258 | No. of Pages : 17 | Report Code : FACT3072MR |

Over Half Market Shares Remain Clustered Among Multinationals

The vegan baking ingredients market remains highly consolidated with leading players holding over 50% of the market share. These vegan baking ingredients producing giants are focusing on scaling their production facilities, launching innovative and novel products, and strengthening their distribution network to extend their global reach in the vegan baking ingredients market. Some of the notable developments in the vegan baking ingredients market have been listed below:

  • Ingredion, a leading player in the vegan baking ingredients market launched a novel product, potex, which is manufactured using potato fibers and will enhance the texture, freshness, and visual appeal of vegan bakery products. The launch of the product is aimed to cater to the needs of vegan bakeries who are seeking products which could aid them in producing bakery goods with texture and appeal similar to that of the normal bakery products.
  • Lallemand recently made two new additions to its line of yeast products in Instaferm and VitaD. The new products launched were Instaferm Inactive and VitaD Plus Concentrate yeasts which are rich in vitamin D content. The vitamin D in the yeast is obtained from natural plant-based sources and aid in the production of an assortment of vegan bakery goods.
  • Pak Group, a vegan baking ingredients manufacturer, recently launched a vegan egg wash replacer under its brand Bellarise. The product named Bellarise Shine provides a vegan alternative to commercial bakeries for achieving the ideal glaze for clean label bakery goods.
  • Cargill, a prominent player in the vegan baking ingredients market, signed a fresh agreement with six distribution partners in North America to strengthen its network in the continent.
  • Vegan baking ingredients supplier, Bakels opened a new distribution center in Bicester in 2018. Built with an investment of £10 million, the company plans to use the 80,000 square foot facility to store finished goods as demand for vegan bakery ingredients continues to burgeon.

Key players profiled in the vegan baking ingredients market report include Associated British Foods, BASF SE, Kerry, DuPont, Dohler Group, Kerry, and Dawn Food Products.

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vegan baking ingredients market market structure

Players to Benefit from Uptake of Egg Replacement Ingredients

The avian influenza outbreak and its extended prevalence among birds is creating a shortage in supply of eggs worldwide. The epidemic is causing seasonal fluctuations in the prices of eggs. Further, consumers across Europe and the USA are increasingly preferring bakery goods manufactured using egg alternatives, after traces of fipronil were found in eggs in 2017 and 2018. European Union is expected to levy high import charges on egg powder in 2019 making it a high priced ingredient for use in baking. Baking industry is gradually shifting to using egg replacement ingredients in the production of their goods to shield themselves from the egg price volatility and lure in more consumers. With veganism gaining a pervasive prevalence, and consumers associating health benefits with consumption of plant-based and animal-free products, demand for vegan baking ingredients is expected to rise.

Sales Underpinned by Innovation in Ingredients Manufacturing

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. 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. For instance, KaTech, a leading manufacturer of stabilizers and emulsifies, announced the launch of new bakery concepts tailored to address the shortcomings in the vegan bakery ingredients. The company launched an assortment of alternative dairy fillings in different variants such as low-fat and reduced sugar to meet the burgeoning demand for healthier vegan bakery products.

Powdered egg replacers are being manufactured to provide enhanced texture, as they are capable of adding fluffiness in addition to providing the medium required to bind ingredients in bakery products. Additionally, vegan baking ingredients manufacturers are working towards the development of stabilizers that provide for a better texture and mouthfeel. The increasing number of innovations are estimated to meet the diverse demand of consumers and aid in vegan baking ingredients market proliferation.        

Demand Surges in Line With Large Scale Production and Launch of Vegan Bakery Chains

A substantial increase in the number of people following veganism, coupled with a rise in the overall demand for vegan bakery products has led food processing companies to adopt large-scale production. For instance, Greggs, a leading bakery chain based in Britain recently reported a shortage in supply of its new product offering in vegan sausage rolls alluding to the surging demand for vegan bakery products. The sudden increase in the demand for vegan bakery goods is prompting new installments of all-vegan bakeries around the world. E-commerce giants announced the launch of an all-vegan online baking store in 2018 after witnessing the massive demand for the products during the Great British Bake Off Week. To capitalize on the growing demand for vegan bakery products, existing bakeries are also launching new vegan product lines. Large scale investments in all-vegan baking stores are estimated to bolster the demand for vegan baking ingredients.

Sustainability Prevails as a Key Growth Determinant

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. A recent development alluding high traction of sustainable practices in the food processing industry is the Iceland’s ban on palm oil use in vegan bakery products, following reports of child labor, deforestation, and decreasing animal population in Malaysia and Indonesia where it was being sourced from.      

vegan baking ingredients market attractive regions

Definition

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

About the Report

The report on vegan baking ingredients market offer all-inclusive and valuable insights into the vegan baking ingredients market. A comprehensive analysis of all the factors influencing the performance of the vegan baking ingredients market has been provided in the report. Additionally, the report provides a detailed opportunity assessment of the vegan baking ingredients market.

A list of all the macro and microeconomic facets influencing the growth of the vegan baking ingredients market have been compiled in the report. The report on vegan baking ingredients market also includes an analysis of the level of competitiveness prevalent in the vegan baking ingredients market.

Market Structure

The report on vegan baking ingredients market segments the vegan baking ingredients market on the basis of product type, nature, application, end-use, and region.

Based on product type, the vegan baking ingredients market can be segmented into starch, raising agents, emulsifiers, leavening agents, baking powder and mixes, vegetable oils, colors and flavors, and enzymes.

On the basis of nature, the vegan baking ingredients market can be segmented into organic and conventional.

Based on the application, the vegan baking ingredients market can be segmented into cakes & pastries, biscuits & cookies, bread, rolls & pies, buns, and others.

On the basis of end-use, the vegan baking ingredients market can be segmented into direct sales and residential.

vegan baking ingredients market incremental opportunity assessment by region

Additional Questions Answered

Apart from the aforementioned insights about the vegan baking ingredients market, the report answers the following vital questions on the vegan baking ingredients market:

  • What product type will account for the bulk of the vegan baking ingredients market share in 2019?
  • What region offers the most lucrative opportunities for the vegan baking ingredients market in 2019?
  • Which application contributed significantly to the vegan baking ingredients market share?
  • What are the challenges facing the vegan baking ingredients market?

Research Methodology

The report on vegan baking ingredients market is a consequence of robust and elaborate research. A two-step research process was employed to obtain insights into the vegan baking ingredients market. Primary research was conducted by interviewing experts from the vegan baking ingredients market while secondary research involved a thorough study of vegan baking ingredients market trade journals, paid sources, and other publications related to the vegan baking ingredients market. Results from both the steps are cross-referenced to create an authentic forecast of the vegan baking ingredients market.

Request research methodology of this report.

A recent Fact.MR report titled “Vegan Baking Ingredients Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018 to 2027” provides detailed insights into the vegan baking ingredients market. A comprehensive assessment of all the factors influencing the vegan baking ingredients market has been propounded in the report. Both qualitative and quantitative assessment of the identified factors has been propounded in the report.

vegan baking ingredients market

Chapter 1 – Executive Summary

The report commences with the executive summary which provides brief yet affluent information about the vegan baked ingredients market. The chapter provides a comprehensive analysis of the demand and supply scenario prevalent in the vegan baked ingredients market. Additionally, it highlights the evolving technology being used in the vegan baked ingredients market along with an opportunity assessment of the market.

Chapter 2 – Market Introduction

The chapter provides a concrete definition of the vegan baking ingredients market along with a detailed taxonomy of the market.

Chapter 3 – Vegan Baking Ingredients Market Associated Industry Outlook

The chapter sheds light on the veganism market and provides insights into consumer preferences for vegan products. The chapter also outlines the key strategies being followed by manufacturers operating in the vegan market and the factors promoting the growth of the vegan food market. 

Chapter 4 – Building Blocks for Vegan Baking Ingredients Market

The chapter analyses the vegan baking ingredients market on the basis of different substitutes used in the production of vegan bakery items. The chapter also provides an analysis of the opportunities, trends, and challenges prevalent in the vegan baking ingredients market. An overview of the baking ingredients market along with the different brands and categories of products has been provided under the chapter.

Chapter 5 – Vegan Baking Ingredients Market Dynamics

Under the chapter, a detailed analysis of all the key market drivers, restraints, challenges, and opportunities in the vegan baking ingredients market has been provided.

Chapter 6 – Vegan Baking Ingredients Market Background

The chapter sheds light on the different aspects involved in the vegan baking ingredients market such as label overview, certification processes, the regulatory framework in place for vegan food products, value chain analysis, and other macroeconomic factors influencing the performance of the vegan baking ingredients market. The chapter also includes an exclusive global forecast of the vegan baking ingredients market on the basis of value.

Chapter 7 – Survey Analysis

Under this chapter, a comprehensive assessment of consumer sentiments has been provided. The survey lays down all the factors that are influencing the consumers purchasing decisions. Additionally, an assessment of how social media is influencing the consumer decision is also included in the chapter. ‘

Chapter 8 – Vegan Baking Ingredients Market Price Point Analysis

The chapter highlights all the factors which are influencing the prices of vegan baking ingredients along with a detailed analysis of the pricing trends on the basis of region and type.

Chapter 9 – Global Vegan Baking Ingredients Market Demand (in value or Size in US$ MN) Analysis 2013-2017 and Forecast, 2018-2028

Under the chapter, a comprehensive historical analysis of the vegan baking ingredients market has been provided along with an authentic and accurate forecast of the vegan baking ingredients market.

Chapter 10 – Global Vegan Baking Ingredients Market Analysis 2013-2017 and Forecast 2018-2028, by Product Type

The chapter assesses the vegan baking ingredients market on the basis of the different product categories with a detailed analysis and forecast for each of the categories being provided in the report.

Chapter 11 - Global Vegan Baking Ingredients Market Analysis 2013-2017 and Forecast 2018-2028, by Nature

Under the chapter, the key findings of the vegan baking ingredients market in terms of the nature of the products have been propounded. Additionally, a historical analysis, forecast, and revenue share of each of the category identified has been included in the chapter.

Chapter 12 - Global Vegan Baking Ingredients Market Analysis 2013-2017 and Forecast 2018-2028, by Application

The chapter commences with an introduction to the various applications of vegan bakery ingredients. The ensuing sections of the report analyze the vegan baking ingredients market on the basis of each of the category identified on the basis of the application. A historical analysis, as well as a forecast for each of the category, has been provided in the chapter.

Chapter 13 - Global Vegan Baking Ingredients Market Analysis 2013-2017 and Forecast 2018-2028, by Distribution Channel

The chapter commences with an introduction to all the different distribution channels and goes on to provide a detailed assessment of how each of the distribution channels has and will impact the vegan baking ingredients market.

Chapter 14 - Global Vegan Baking Ingredients Market Analysis 2013-2017 and Forecast 2018-2028, by Region

Under this chapter, the vegan baking ingredients market has been analyzed on the basis of different regions and details about the revenue each of the regions holds in the vegan baking ingredients market have been included in the chapter.

Chapter 15 – North America Vegan Baking Ingredients Market Analysis 2013-2017 and Forecast 2018-2028

The chapter specifically analyzes the vegan baking ingredients market prevalent in the North American region providing a historical analysis, as well as a forecast of the vegan baking ingredients market, performance in the area.

Chapter 16 – Latin America Vegan Baking Ingredients Market Analysis 2013-2017 and Forecast 2018-2028

A brief introduction to the Latin American vegan baking ingredients market has been provided in the report along with a detailed pricing analysis. Additionally, the vegan baking ingredients market has been assessed on the basis of country, application, product type, nature, and distribution channels.

Chapter 17 – Europe Vegan Baking Ingredients Market Analysis 2013-2017 and Forecast 2018-2028

The chapter provided an in-depth assessment of the vegan baking ingredients market existent in the European region. It provides a detailed analysis on the basis of both value and volume. A historical analysis as well as a forecast of the vegan baking ingredients market prevalent in the European region has been included in the report.

Chapter 18 – South Asia Vegan Baking Ingredients Market Analysis 2013-2017 and Forecast 2018-2028

Under the chapter, a detailed assessment of the South Asian vegan baking ingredients market has been provided. The chapter analyzes the vegan baking ingredients market prevalent in the region on the basis of all the segments identified above.

Chapter 19 – East Asia Vegan Baking Ingredients Market Analysis 2013-2017 and Forecast 2018-2028

The chapter commences with an introduction to the East Asian vegan baking ingredients market and goes on to provide a detailed assessment of the vegan baking ingredients market on the basis of countries and other segments identified earlier in the report.

Chapter 20 – Oceania Vegan Baking Ingredients Market Analysis 2013-2017 and Forecast 2018-2028

A brief overview of the Oceania vegan baking ingredients market forms the start of the chapter. The ensuing sections of the chapter provide an all-inclusive assessment of the vegan baking ingredients market existent in the region on the basis of countries and other segments identified earlier in the report.

Chapter 21 – Middle East and Africa Vegan Baking Ingredients Market Analysis 2013-2017 and Forecast 2018-2028

The chapter provides a comprehensive analysis of the vegan baking ingredients market on the basis of countries, market share, and other segments identified earlier in the report.

Chapter 22 – Emerging Countries Vegan Baking Ingredients Market Analysis 2013-2017 and Forecast 2018-2028

The chapter provides a detailed assessment of all the countries where the vegan baking ingredients market offers promising prospects. The chapter analyses each country on the basis of value and the different segments identified earlier in the report.

Chapter 23 – Market Structure Analysis

The chapter sheds light on the distribution of shares among different tier companies operating in the vegan baking ingredients market. Additionally, it identifies the leading players operating in the vegan baking ingredients market. 

Chapter 24 – Competition Analysis

All the leading players identified in the previous chapter have been profiled under this chapter. A detailed profile of each of the market players sheds light on their strengths, weaknesses, strategies, product portfolio, market presence, global footprint, and notable business development. The information mentioned in the chapter can help readers streamline their strategies to benefit from the ongoing trends in the vegan baking ingredients market.

Chapter 25 – Assumptions and Acronyms Used

All the assumptions and acronyms used throughout the report have been mentioned in this chapter with a view to help readers comprehend the report better.

Chapter 26 – Research Methodology 

The elaborate and robust research methodology employed to gain valuable insights into the vegan baking ingredients market has been thoroughly explained in this chapter. A two step-research process involving primary and secondary researches was used to gain comprehensive details about the vegan baking ingredients market. Primary research involved interviewing experts from the vegan baking ingredients market while thorough studies of trader journals, paid sources, and other industry-related publications formed the basis of secondary research. Results from both the phases of research were cross-referenced to filter out erroneous information and create an accurate forecast of the vegan baking ingredients market.

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Vegan Baking Ingredients Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028