Bread Improver Market: Current Analysis and Forecast (2021-2027)

Report Description

The bread improvers market is expected to register a CAGR of approx. 6% over the period of 2022-2028. A bread improver is a consistent, well-balanced mixture of baking ingredients that are put together according to the correct method. It is a flour-based blend of components like enzymes with specific functional properties designed to modify dough characteristics and improve the quality of bread. Bread Improvers helps to control the uncertainties within the bread production process, such as humidity, temperature, and flour. In addition, it helps to achieve optimal freshness, increases the volume of baked products, and extends the shelf life of baked products. The growing demand for bread improvers can be attributed to the rise in the consumption of bread and bread products across the globe. Furthermore, there has been a significant increase in consumer demand for convenience food, which includes bakery food products, primarily bread. Concurrently, consumer demand puts pressure on bakery food manufacturers to increase output. As a result, there is an increase in the demand for bakery ingredients such as Bread Improvers, which actively helps industry players manufacture the bread improver and thus boost the market growth. For instance, In Jan 2022, Lesaffre yeast Corporation launched “Saf – Pro Volume 3.1” Saf- Pro Volume 3.1 is a clean-label bread improver that improves the quality and consistency of the Dough. It continues the trend of Non-GMO certified and clean label bread improvers. Owing to the glaring statistics rise in the consumption of bread helps to boost the demand for bread improvers across the globe and would contribute to the growth of the market in the forthcoming period as well. Furthermore, the bread improver market is anticipated to grow on account of the increase in awareness about health and food safety. However, some of the restraints in the market including the adherence to international quality standards and regulations for baking ingredient products are impeding the growth of this market all over the world.

Oriental Yeast Co. Ltd., Ireks GMBH, AB Mauri, Archer Daniels Midland Company, Fazer Group, Corbion N.V, Puratos Group, Lallemand Inc, BreadPartners, Bakels Worldwide are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst types, the inorganic category accounted for the significant share in the market in 2020”

Based on the type, the bread improver market is segmented into inorganic and organic. The inorganic segment accounted for a significant market share, and it is estimated that it will grow rapidly during the projected timeframe. Inorganic Bread Improvers are economical for large-scale production and hence are widely adopted by manufacturers.

“Amongst Forms, the powder category accounted for the significant share in the market in 2020”

Based on the type, the bread improver market is segmented into inorganic and organic. The inorganic segment accounted for a significant market share, and it is estimated that it will grow rapidly during the projected timeframe. Inorganic Bread Improvers are economical for large-scale production and hence is widely adopted by manufacturers.

“Amongst ingredient, the emulsifiers category accounted for the significant share in the market in 2020”

Based on ingredients, the market is fragmented into emulsifiers, enzymes, oxidizing agents, reducing agents, others. The emulsifiers segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Emulsifiers are used in the production of bakery products to reduce the fat content of baked goods. Some of the emulsifiers used in the production of bread improvers are DATEM, diglycerides, lecithin, and monoglycerides. Emulsifiers are easily available at lower costs.

“Amongst application, the breads category is expected to witness considerable CAGR during the forecast period”

Based on application, the market is fragmented into breads, cakes, viennoiserie, other. The breads segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period owing to the fact that consumption of bread is significantly high due to change in lifestyle. Manufacturers are coming up with fortified and flavored breads for these matured markets.

 Europe to witness significant growth during the forecast period”

For a better understanding of the market dynamics of the bread improvers market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. Europe constitutes a major market for the bread improver industry owing to the largest consumer of bread products and the demand for bread improvers is growing in this region. The demand for different types of bread products from customers is also increasing.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global bread improvers market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Global Bread Improver Market Analysis (2022-2028)

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global bread improvers market were the three major steps undertaken to create and analyze the adoption of bread improvers in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global bread improvers market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the bread improvers market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the bread improvers market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as the type, forms, ingredient and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the bread improvers market. Further, we conducted factor analysis using dependent and independent variables such as a rise in consumption of bread and bread product globally. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the bread improvers market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global bread improvers market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the bread improvers market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global bread improvers market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global bread improvers market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, forms, ingredient and application in the global bread improvers market.

The main objective of the Global Bread improvers Market Study

The current & future market trends of the global bread improvers market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the bread improvers market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of type, forms, ingredient and application.
• Define and analysis of the regulatory framework for the bread improvers market industry.
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the bread improvers market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
• Company profiles of the bread improvers market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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