The Baking Ingredients Market: Growth Trends and Forecast 2023–2033
The global baking ingredients market is expected to post a CAGR of 6.8% from 2023 to 2033. In 2023, the market size is projected to be US$ 17.92 billion. By 2033, the market size is anticipated to cross US$ 34.60 billion.
The world has been witnessing rapid urbanization. This has led to evolving consumption patterns. As people are left with no time to prepare food by themselves, they prefer consuming food from retail outlets. A lot of people prefer consuming bakery items for their breakfast. These factors are expected to surge the demand for baking ingred