Vegan Baking Ingredients Market Size, Share & Trends Analysis Report By Product (Flour, Oils), By End Product (Cakes & Pastries, Breads & Rolls), By Region, And Segment Forecasts, 2019 - 2025

Published: Jul, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global vegan baking ingredients market size is anticipated to reach USD 1.6 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.6% over the forecast period. The growth of the market is attributed to increase in inclination of people towards vegan diet, rise in demand for such products, and continuous research and development in the global market.

Moreover, online retail stores are focusing on adding multiple vegan based bread items to tap the surging demand as well as capitalize on the increasing demand with few stores that are launching self manufactured products. For instance, a British supermarket chain, Waitrose & Partners has been assigning specific sections for these products, thereby providing an expansive distribution network.

In 2018, approximately 11,000 tons of vegan baking ingredients were sold for the production of bread in U.K. Europe is actively taking initiatives to improve the standard of food products by continuous research in this market. For instance, in U.K., Artisan Bread Organic launched a vegan burger with 100% organic products.

In 2018, flour held the largest share of 37.5% in the global market and is anticipated to witness the highest growth in the coming years. It has a medium protein content of 9% to 12%, which makes it inelastic and suitable for cookies and cakes. Moreover, flour has a wide application in the bakery market for products such as cakes, cookies, and biscuits. Gluten Free is a leading manufacturer of vegan flour and bakery mixes such as muffin mix and bread and roll mix. The segment is gaining popularity due to innovation by companies related to the product.

Breads and rolls held the largest share of more than 40.0% as result of high consumption by the Western countries and at the global level. The companies are expanding the product range by introducing new healthy bread alternatives. For instance, in U.S., a chain of grocery stores named Trader Joe's, introduced vegan banana bread loaf in all its stores.

The APAC region is expected to expand at a CAGR of 6.3% from 2019 to 2025. Improved standard of living and change in food preferences are the major factors driving the market in the region. For instance, in Japan, a bakery chain named Pompadour launched its vegan curry bread in all outlets, which is made up of organic and clean ingredients.

The industry is dominated by leading players such as Associated British Foods, BASF SE, Kerry, DuPont, Dohler Group, Kerry, and Dawn Food Products. To gain a competitive advantage, the companies are focusing on product expansion and innovation. For instance, Pak Group launched a vegan egg replacer under its brand, Bellarise.

Further key findings from the report suggest:

• The global vegan baking ingredients market is expected to expand at a CAGR of 5.6% from 2019 to 2025

• By product, flour is expected to witness the highest growth over the forecast period

• By end product, the breads and rolls segment accounted for the largest share of more than 40.0% in 2018

• The growth of online segment is attributed to rising penetration of e-commerce and low cost of startups

• Europe held the largest market share in 2018. APAC is anticipated to expand at the highest CAGR of 6.3% over the forecast period.

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Market Segmentation & Scope
                    1.2. Market Definition
                    1.3. Information Procurement
                        1.3.1. Purchased Database
                        1.3.2. GVR's Internal Database
                        1.3.3. Secondary Sources & Third-Party Perspectives
                        1.3.4. Primary Research
                    1.4. Information Analysis 
                        1.4.1. Data Analysis Models
                    1.5. Market Formulation & Data Visualization
                    1.6. Data Validation & Publishing

Chapter 2. Executive Summary
                    2.1. Market Outlook
                    2.2. Segmental Outlook
                    2.3. Competitive Insights

Chapter 3. Vegan Baking Ingredients Market Variables, Trends & Scope
                    3.1. Market Introduction
                    3.2. Penetration & Growth Prospect Mapping
                    3.3. Industry Value Chain Analysis
                        3.3.1. Sales/Retail Channel Analysis
                        3.3.2. Profit Margin Analysis
                    3.4. Market Dynamics
                        3.4.1. Market Driver Analysis
                        3.4.2. Market Restraint Analysis
                        3.4.3. Industry Challenges
                        3.4.4. Industry Opportunities
                    3.5. Business Environment Analysis
                        3.5.1. Industry Analysis - Porter's
                            3.5.1.1. Supplier Power
                            3.5.1.2. Buyer Power
                            3.5.1.3. Substitution Threat
                            3.5.1.4. Threat from New Entrant 
                            3.5.1.5. Competitive Rivalry
                    3.6. Roadmap of Vegan Baking Ingredients Market
                    3.7. Market Entry Strategies 

Chapter 4. Consumer Behavior Analysis
                    4.1. Consumer Trends and Preferences
                    4.2. Factors Affecting Buying Decision 
                    4.3. Consumer Product Adoption 
                    4.4. Observations & Recommendations

Chapter 5. Vegan Baking Ingredients Market: Product Estimates & Trend Analysis
                    5.1. Product Movement Analysis & Market Share, 2018 & 2025
                    5.2. Flour
                        5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.3. Oils
                        5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.4. Sweeteners
                        5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.5. Flavoring Agents
                        5.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.6. Others
                        5.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)

Chapter 6. Vegan Baking Ingredients Market: End Product Estimates & Trend Analysis
                    6.1. End Product Movement Analysis & Market Share, 2018 & 2025
                    6.2. Cakes & Pastries
                        6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    6.3. Breads & Rolls
                        6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    6.4. Biscuits & Cookies
                        6.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    6.5. Others
                        6.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)

Chapter 7. Vegan Baking Ingredients Market: Regional Estimates & Trend Analysis
                    7.1. Regional Movement Analysis & Market Share, 2018 & 2025
                    7.2. North America
                        7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        7.2.3. Market estimates and forecast, by end product, 2015 - 2025 (USD Million)
                        7.2.4. U.S.
                            7.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.2.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            7.2.4.3. Market estimates and forecast, by end product, 2015 - 2025 (USD Million)
                    7.3. Europe
                        7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.3.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        7.3.3. Market estimates and forecast, by end product, 2015 - 2025 (USD Million)
                        7.3.4. Germany
                            7.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.3.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            7.3.4.3. Market estimates and forecast, by end product, 2015 - 2025 (USD Million)
                        7.3.5. U.K.
                            7.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.3.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            7.3.5.3. Market estimates and forecast, by end product, 2015 - 2025 (USD Million)
                    7.4. Asia Pacific
                        7.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        7.4.3. Market estimates and forecast, by end product, 2015 - 2025 (USD Million)
                        7.4.4. China 
                            7.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.4.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            7.4.4.3. Market estimates and forecast, by end product, 2015 - 2025 (USD Million)
                        7.4.5. India
                            7.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.4.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            7.4.5.3. Market estimates and forecast, by end product, 2015 - 2025 (USD Million)
                    7.5. Central & South America
                            7.5.1.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.5.1.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            7.5.1.3. Market estimates and forecast, by end product, 2015 - 2025 (USD Million)
                    7.6. Middle East & Africa (MEA)
                        7.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        7.6.3. Market estimates and forecast, by end product, 2015 - 2025 (USD Million)

Chapter 8. Competitive Analysis
                    8.1. Key global players, recent developments & their impact on the industry
                    8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                    8.3. Vendor Landscape
                        8.3.1. Key company market share analysis, 2018

Chapter 9. Company Profiles
                    9.1. Associated British Foods
                        9.1.1. Company Overview
                        9.1.2. Financial Performance
                        9.1.3. Product Benchmarking
                        9.1.4. Strategic Initiatives
                    9.2. BASF SE
                        9.2.1. Company Overview
                        9.2.2. Financial Performance
                        9.2.3. Product Benchmarking
                        9.2.4. Strategic Initiatives
                    9.3. Kerry
                        9.3.1. Company Overview
                        9.3.2. Financial Performance
                        9.3.3. Product Benchmarking
                        9.3.4. Strategic Initiatives
                    9.4. DuPont
                        9.4.1. Company Overview
                        9.4.2. Financial Performance
                        9.4.3. Product Benchmarking
                        9.4.4. Strategic Initiatives
                    9.5. Dohler Group 
                        9.5.1. Company Overview
                        9.5.2. Financial Performance
                        9.5.3. Product Benchmarking
                        9.5.4. Strategic Initiatives
                    9.6. Dawn Food Products
                        9.6.1. Company Overview
                        9.6.2. Financial Performance
                        9.6.3. Product Benchmarking
                        9.6.4. Strategic Initiatives

List of Tables

1. Vegan baking ingredients - Key market driver analysis
2. Vegan baking ingredients - Key market restraint analysis
3. Global vegan baking ingredients market for flour estimates and forecast, 2015 - 2025 (USD Million)
4. Global vegan baking ingredients market for oils estimates and forecast, 2015 - 2025 (USD Million)
5. Global vegan baking ingredients market for sweeteners estimates and forecast, 2015 - 2025 (USD Million)
6. Global vegan baking ingredients market for flavoring agents estimates and forecast, 2015 - 2025 (USD Million)
7. Global vegan baking ingredients market for others estimates and forecast, 2015 - 2025 (USD Million)
8. Global vegan baking ingredients market estimates and forecast by cakes & pastries, 2015 - 2025 (USD Million)
9. Global vegan baking ingredients market estimates and forecast by breads & rolls, 2015 - 2025 (USD Million)
10. Global vegan baking ingredients market estimates and forecast by biscuits & cookies, 2015 - 2025 (USD Million)
11. Global vegan baking ingredients market estimates and forecast by others, 2015 - 2025 (USD Million)
12. North America vegan baking ingredients market estimates and forecast, 2015 - 2025 (USD Million)
13. North America vegan baking ingredients market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
14. North America vegan baking ingredients market revenue estimates and forecast by end product, 2015 - 2025 (USD Million)
15. U.S. vegan baking ingredients market estimates and forecast, 2015 - 2025 (USD Million)
16. U.S. vegan baking ingredients market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
17. U.S. vegan baking ingredients market revenue estimates and forecast by end product, 2015 - 2025 (USD Million)
18. Europe vegan baking ingredients market estimates and forecast, 2015 - 2025 (USD Million)
19. Europe vegan baking ingredients market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
20. Europe vegan baking ingredients market revenue estimates and forecast by end product, 2015 - 2025 (USD Million)
21. Germany vegan baking ingredients market estimates and forecast, 2015 - 2025 (USD Million)
22. Germany vegan baking ingredients market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
23. Germany vegan baking ingredients market revenue estimates and forecast by end product, 2015 - 2025 (USD Million)
24. U.K. vegan baking ingredients market estimates and forecast, 2015 - 2025 (USD Million)
25. U.K. vegan baking ingredients market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
26. U.K. vegan baking ingredients market revenue estimates and forecast by end product, 2015 - 2025 (USD Million)
27. Asia Pacific vegan baking ingredients market estimates and forecast, 2015 - 2025 (USD Million)
28. Asia Pacific vegan baking ingredients market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
29. Asia Pacific vegan baking ingredients market revenue estimates and forecast by end product, 2015 - 2025 (USD Million)
30. China vegan baking ingredients market estimates and forecast, 2015 - 2025 (USD Million)
31. China vegan baking ingredients market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
32. China vegan baking ingredients market revenue estimates and forecast by end product, 2015 - 2025 (USD Million)
33. India vegan baking ingredients market estimates and forecast, 2015 - 2025 (USD Million)
34. India vegan baking ingredients market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
35. India vegan baking ingredients market revenue estimates and forecast by end product, 2015 - 2025 (USD Million)
36. Central & South America vegan baking ingredients market estimates and forecast, 2015 - 2025 (USD Million)
37. Central & South America vegan baking ingredients market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
38. Central & South America vegan baking ingredients market revenue estimates and forecast by end product, 2015 - 2025 (USD Million)
39. MEA vegan baking ingredients market estimates and forecast, 2015 - 2025 (USD Million)
40. MEA vegan baking ingredients market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
41. MEA vegan baking ingredients market revenue estimates and forecast by end product, 2015 - 2025 (USD Million)
42. Vendor landscape

List of Figures

1. Vegan baking ingredients market snapshot 
2. Vegan baking ingredients market segmentation & scope
3. Vegan baking ingredients market penetration & growth prospect mapping
4. Vegan baking ingredients value chain analysis
5. Vegan baking ingredients market dynamics
6. Vegan baking ingredients market Porter's analysis 
7. Vegan baking ingredients market: Product movement analysis 
8. Vegan baking ingredients market: End Product movement analysis 
9. Vegan baking ingredients market: Regional movement analysis