Europe is projected to be the largest market for #baking ingredients in coming years

The global baking ingredients market is projected to reach USD 22.3 billion by 2026, at a CAGR of 6.0% from 2021 to 2026.

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Factors such as increased consumption of baked goods, especially as convenient food products, and awareness about natural baking ingredients, such as yeast extracts, enzymes, and fibers are the major factors for the large market size of Europe in the baking ingredients market.

Asia pacific is projected to be the fastest-growing market for baking ingredients market, recording a CAGR of 7.2% from 2021 to 2026.

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