Baking Ingredients Market Will be Worth US$18.1 Bn by 2024 - Transparency Market Research - Seite 2

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Rising Cases of Obesity and Diabetes to Plummet Down Market Growth 

Rising cases of diabetes and obesity are raising concern among the consumer regarding eating outside food such as cakes, donuts, pies, breads, cupcakes, pizza, cookies, and pastries. Rising health conscious people all across the world is opting for healthier products such as cereals. This is likely to pose a serious threat to the global baking ingredients market. Rising awareness among the crowd to maintain a balanced diet in order to achieve a healthier lifestyle is making them go for home-made meals rather than dinning out. The market is also predicted to receive a blow by strengthen regulation and implementations of international quality standards.

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Rising Demand for Color Additives and Flavor to favors Growth of Market 

On the basis of ingredients, the global baking ingredients market can be split into yeast, baking powder and baking soda, sweeteners, fats, flavors and color additives, flours, and others. It is predicted that the demand for flavor and color additives to rise owing to the rise in demand for exotic and luxury baked products specifically in the Europe and North America. On the basis of geography, Europe is likely to hold major share in the market. However, it has been noticed that Asia Pacific to become the fastest growing market in years to come, attributed to incessant rise in population and uptake of western culture.

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