Bakery Preservatives: Market outlook
Bakery preservative is the substance or a chemical product, which is added to bakery food, to prevent decomposition of bakery goods by microbial growth or by undesirable chemical changes. Bakery preservatives are generally made up in the artificial and natural way. Where the natural bakery preservative is more in demand due to the additional health benefits and no harm to health characteristic. Whereas artificial preservatives are chemical additives which restrict the growth of microorganisms and slow down the food deterioration. Food deterioration is mainly caused by microorganisms and oxidation reactions. Besides, bakery preservatives also help to stabilize fats and oils, by extending their oxidation as well as prevent discoloration of natural pigments of bakery product for a longer duration. In the global bakery preservatives market, North America and Europe hold the major share in production and consumption of bakery preservatives, owing to the presence of key bakery manufacturers in the region. Also, attractive promotional activities and strategies applied by manufacturers in the region are spurring the demand for bakery preservatives. With the increasing demand for bakery preservatives among food, manufacturers are expected to boost the growth of bakery preservatives in the coming future.
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Increasing consumption of bakery preservative with increasing consumption rate of bakery products around the worldwide
In the global food and beverage market, bakery preservatives are high in demand owing to their antibacterial properties which help to increase the shelf life of bakery products. Bakery products are more prone to infestation with microorganisms such as bacteria and fungi, which make bakery preservative one of the key ingredients of bakery food products. In the global bakery preservative market, synthetic bakery preservatives have major share over the natural preservative. But, the demand for natural bakery preservative is increasing in parallel with the flourishing trend of consuming natural food ingredients. On the other hand, the chemical preservatives are more economical, broad functionalities, and easily available, making chemical preservative more favorable for bakery product manufacturers. However, growing resistance from consumers and effects on human health are among the major reasons leading to faster growth of natural preservatives.
Bakery products are among the most popular food products across the globe, and the number of HoReCa outlets in the world are increasing day by day due to the increasing consumer demand. On the other hand, health awareness and consciousness towards healthy food consumption among the consumers across the globe are expected cause reduction in demands for chemical bakery preservatives, which hold the major market share hindering the growth of the global bakery preservative market.
Bakery Preservatives: Market Segmentation
Based on source, the global bakery preservatives market can be segmented as:
Based on product type, the global bakery preservatives market can be segmented as:
- Sodium Propionate
- Soy Lecithin Liquid
- Calcium Propionate
- Lactic Acid Powder
Based on end-users, the global bakery preservatives market can be segmented as:
- Pizza crusts
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Bakery Preservatives: Key Players
Key players operating their business in global bakery preservatives market are Sunsweet Growers, Foodchem International Corporation, Honeyville Food Products, Inc., Kemin Food Technologies, Saputo Ingredients, Blagden Specialty Chemicals Ltd., Ronas Chemicals Ind.Co., Ltd., Tereos Syral and others.
Opportunities for Market Participants:
The steady growth of the food and beverage industry and the expansion of HoReCa across the globe has significantly boosted the growth of bakery products putting a positive impact on the growth of the bakery preservatives market. The rising HoReCa sector is likely to trigger the use of bakery preservative to a significant extent. Bakery preservatives have proved extremely effective in extending the shelf life as compared to other ingredients used in bakery products. Apart from all the above-mentioned factors, increasing awareness about the benefits of bakery preservatives among bakery manufacturers is also contributing to the healthy growth of bakery preservatives.
The bakery preservatives market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the Bakery preservatives market, including but not limited to: regional markets, source, product type and end users.
The study is a source of reliable data on:
- Bakery preservatives market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.