Dough concentrates offer exceptional benefits for various sweet wheat doughs in the bakery industry. They enhance the volume and texture of the final product, ensuring a soft and pleasant eating experience. Furthermore, the versatility of dough concentrates allows for a wide range of baked goods, from cakes and buns to toast bread and hamburger buns. With the added advantage of prolonged freshness, dough concentrates cater to the demands of both commercial and home baking, driving their popularity in the market.
According to Data Bridge Market Research, the Dough Concentrates Market accounted USD 670.99 million in 2022 and is expected to reach USD 1,053.43 million by 2030, registering a CAGR of 5.80% during the forecast period of 2022 to 2030.
“Rising spending on bakery products”
The growth of the dough concentrate market is being driven by the increasing consumer spending on bakery products. The rising demand for bakery items like cakes, pastries, and muffins has led to the adoption of convenient solutions like dough concentrates by bakers. These ready-to-use solutions offer efficiency and consistency in baking, driving their sales in the market. As the demand for bakery products continues to surge, the usage of dough concentrates is expected to witness sustained growth during the forecast period, further propelling the overall market expansion.
What restraints the growth of the dough concentrates market?
“Issue related with dough concentrates”
Fluctuations in raw material prices can pose a significant restraint on the dough concentrates market. When the prices of key ingredients such as flour, sugar, fats, and additives fluctuate, it directly impacts the production cost for manufacturers. This can lead to reduced profit margins or increased product prices, which may deter potential customers or limit market demand. Moreover, unpredictable raw material costs make it challenging for companies to plan their pricing strategies and overall business operations effectively. These fluctuations can create instability and uncertainty in the dough concentrates market, hindering its growth and profitability.
Segmentation: Global Dough Concentrates Market
The dough concentrates market is segmented on the basis of application and ingredients.
- On the basis of application, the dough concentrates market is segmented into bread products, and bakery products.
- On the basis of ingredients, the dough concentrates market is segmented into shortening, dough conditioners, dehydrated eggs, and flavors.
Regional Insights: North America dominates the dough concentrates market
North America's dominance in the dough concentrates market can be attributed to the region's increasing awareness of the benefits of consuming customized bakery premixes. These premixes provide essential ingredients like vitamins and minerals, enhancing the nutritional value of bakery products. As consumers become more health conscious, the demand for such products grows, thereby driving the market growth in North America. The availability of a wide range of customized options and the emphasis on convenience further contribute to the region's revenue and market share in the dough concentrates market.
The Asia-Pacific region is projected to experience rapid growth in the dough concentrates market due to the high consumption of cakes during parties and special occasions. Additionally, the increasing trend of people in these countries purchasing dough concentrates for home baking and preparing a variety of bakery products further contributes to the market's development in the region.
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The Prominent Key Players Operating in the Dough Concentrates Market Include:
- Oy Karl Fazer Ab (Finland)
- ADM (Canada)
- PURATOS MALAYSIA (Malaysia)
- Corbion NV (Netherlands)
- Bakels Worldwide (Switzerland)
- Nestlé (Switzerland)
- Cargill, Incorporated. (U.S.)
- Nisshin Seifun Group Inc. (Japan)
- Swiss Bake Ingredients Pvt. Ltd. (India)
- Premia Food Additives (I) Pvt. Ltd. (India)
- MIDAS (India), Limagrain (France)
- Trans Standard International Sdn Bhd (Malaysia)
- Pondan (Indonesia)
Above are the key players covered in the report, to know about more and exhaustive list of dough concentrates market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Dough Concentrates Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
