GCC Bakery Ingredients Market Size, Share, Opportunities, And Trends By Ingredient Type (Sweetener, Leaving Agent, Enzyme, Color & Flavor, Emulsifier, Preservative, Others), By Application (Bread, Cake & Pastry, Roll & Pie, Cookie & Biscuit, Others), And By Geography - Forecasts From 2023 To 2028
- Published : May 2023
- Report Code : KSI061615244
- Pages : 145
Bakery ingredients prolong the shelf life of food while preserving its freshness, softness, and flavor. Additionally, it increases the protein content of baked goods and influences their flavor and texture. It is regarded as the essential food for nutrition and is sold in a variety of forms, including baking powder, enzymes, sweeteners, leavening agents, and emulsifiers.
A surge in disposable income and customer preferences for quick-to-prepare foods are the key drivers of the demand for foreign bakery goods in the GCC market. The launch of fresh flavors and creative packaging is also assisting the market's expansion. The health-conscious consumers who view gluten-free as a way to better control their health are what has given the gluten-free industry popularity. The switch from imported to local biscuits is the largest trend in the GCC.
The region's need for bakery products is being driven by the growing food processing industry as well as the growing impact of Western cuisine trends. Additionally, the expansion of food service businesses and the accessibility of a broad variety of bakery product lines are both contributing to the market's expansion. The demand for the product is also being supported by a notable increase in the number of artisanal bakery stores and patisseries that provide various sorts of cakes, pastries, tarts, macrons, pies, etc. The increased popularity of presenting bakery foods at social gatherings, business parties, unique and festive occasions, etc. is another factor driving the GCC industry.
In addition, several local businesses are concentrating on the creation of premium baking ingredients to extend shelf life and give baked goods a rich flavor and texture. The market for bakery goods in the GCC area will be driven by all of the aforementioned reasons during the projected period.
Increasing demand for bread to surge the market
Saudi Arabians are the only nation that consumes more bread per person. With the main course, bread is consumed. It can be used to hold the meat and vegetables as well as be dipped in gravy. The most popular bread in the United Arab Emirates is tandoori bread, a single-layered flatbread composed of medium-hard wheat and cooked in a shell oven. In addition, bread is currently the most popular type of baked good and is predicted to continue to remain so in the future. These factors influence the growth of bakery ingredients in GCC.
Rising consumer shift in favor of veganism
The expansion of the GCC Bakery Ingredients Market is being driven by an increasing shift in consumer attitudes toward veganism. This is due to customers being more conscious of sustainability, social effect, and health issues. Due to concerns about human health and animal welfare, there is a growing consumer trend toward veganism. Additionally, there is a rising demand for goods made from plants, like vegan cakes, muffins, buns, and bread. Consequently, the GCC Bakery Ingredients Market is expected to increase more throughout the forecast period.
Saudi Arabia is projected to be the prominent bakery ingredient market shareholder in GCC and is anticipated to continue throughout the forecast period.
The GCC region provides a vast opportunity for countries throughout the world to sell their bakery goods and satisfy consumer demand in the area. Saudi Arabia has the largest proportion of the GCC countries, but Bahrain, Kuwait, and the United Arab Emirates have the quickest economies in the area. Due to the country's climatic circumstances, Kuwait's domestic agriculture output is essentially nonexistent, yet the demand for bakery goods or their ingredients is always rising. The 20th-largest market in the world for bread goods in Saudi Arabia. Government programs like the NITAQAT program, which encourages companies to recruit Saudi citizens, caused the market to drop in ranking.
Market Key Developments
- In February 2023, Kerry opened a 21,500-square-foot facility at its Jeddah operation in Saudi Arabia.
- In October 2021, A prominent food and beverage company located in Abu Dhabi named Agthia Group stated on Thursday that it had successfully finalized the acquisition of Al Faysal Bakery and Sweets, one of Kuwait's top industrial bakeries.
- In March 2021, the largest dairy firm in the Gulf, Almarai of Saudi Arabia, agreed to pay 93.5 million dirhams ($25.5 million) to acquire Bakemart, a maker of frozen bread products in the UAE and Bahrain.
- By Ingredient Type
- Leaving Agent
- Color & Flavor
- By Application
- Cake & Pastry
- Roll & Pie
- Cookie & Biscuit
- By Geography
- United Arab Emirates
- Saudi Arabia
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. GCC BAKERY INGREDIENTS MARKET, BY INGREDIENT TYPE
5.3. Leaving Agent
5.5. Color & Flavor
6. GCC BAKERY INGREDIENTS MARKET, BY APPLICATION
6.3. Cake & Pastry
6.4. Roll & Pie
6.5. Cookie & Biscuit
7. GCC BAKERY INGREDIENTS MARKET, BY GEOGRAPHY
7.1. United Arab Emirates
7.2. Saudi Arabia
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. Cargill Inc.
9.2. Archer Daniels Midland
9.3. Kerry Group
9.6. Al Jadeed Bakery
9.7. Aryzta AG
Archer Daniels Midland
Al Jadeed Bakery
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