The vegan baking ingredients market is anticipated to grow at a CAGR 7.0% during the forecast period. The vegan baking ingredients market is growing significantly with the increasing demand for vegan baking essential due to increasing awareness toward its health benefits all across the globe. The vegan lifestyle is now being adopted by a significant base of the population across the globe which is surging the demand for plant-based baking products. Moreover, the increasing availability of dairy baking alternatives in the market is also significantly promoting the growth of the vegan baking ingredients market.
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The global vegan baking ingredients market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to hold a major market share in the vegan baking ingredients market during the forecast period. The growth of the market in the region is owing to the increasing population that are turning into vegan diet. Moreover, the increased awareness regarding the benefit of vegan diet is also expected to fuel the market growth in the region during the forecast period. Europe and North America are also anticipated to show lucrative growth in the vegan baking ingredients market during the forecast period. The growth of Europe is owing to the large population base of bakery products consuming population.
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The global vegan baking ingredients market is segmented based on the product, end product, and type. Based on the product, the market is sub-segmented into emulsifiers, colors & flavors, raising agents, edible oils, and others. Further, based on the end product, the market is sub-segmented into cakes & pastries, bread & rolls, biscuits & cookies, and others. On the basis of type, the market is bifurcated into organic and conventional ingredients. A significant rise in the organic vegan ingredient will be witnessed during the forecast period.
Global Vegan Baking Ingredients Market – Segmentation
ByProduct
Emulsifier
Colors & Flavors
Raising Agents
Edible Oils
Others (Starch, Enzymes)
By End Product
Cakes & Pastries
Bread& Rolls
Biscuits & Cookies
Others
By Type
Organic Ingredients
Conventional Ingredients
Global Vegan Baking Ingredients Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
Abel & Schafer Inc.
Andrew Ingredients Ltd.
Associated British Foods plc
B&G Foods, Inc. (Clabber Girl Corp.)
Bakels Group
BASF SE
Dawn Food Products, Inc.
Dealers Ingredients Inc.
DuPont de Nemours, Inc.
Fuji Plant Protein Labs Inc
Kerry Group Plc
Natural Candy Store
Nestle S.A.
Palsgaard A/S
Puratos Group
Unilever PLC
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