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North America Bakery Ingredients Market Forecast 2019-2027

The North America bakery ingredient market is projected to grow at a CAGR of 5.51% over the forecast period of 2019-2027. As a result, the market share captured by the North America market is predicted to rise to xx% by the end of the forecast period. The region-specific market of the US and Canada are expected to be the major revenue contributors to the regional market. Many of the ingredients have special functions in the baking and cooking process, where a few of them are critical to the success of the finished product. Their chief usability can be a driving factor for rising sales during the forecasting period.

The growing popularity of frozen bakery products and ingredients are presenting the market with potential growth opportunities. The change in consumer lifestyles and increasing demand for convenient and healthy food products that are easy to cook and possess the necessary nutritional values are primarily responsible for propelling the market ahead. However, certain factors like the preference for healthy food by the elderly generation and the possible side-effects due to the excess consumption of bakery products containing trans-fatty acids might restrain the market growth in the future. The market is expected to have very high research & development costs and intense competition, which can influence the increment of the competing landscape size.

Dawn Food Products, Inc., DuPont Pioneer, Archer Daniels Midland Company, Puratos Group, Lesaffre Group, Tate & Lyle PLC, Kerry Group PLC, The Bakels Group, Royal DSM, Cargill, Incorporated, Ashland Inc., Ingredion Incorporated, Corbion N.V., Associated British Foods PLC and Lallemand Inc. are some of the well-known market players in the market.

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North America Bakery Ingredients Market Forecast 2019-2027
Published By :Inkwood Research
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