Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Vegan Baking Ingredients Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Vegan Baking Ingredients Market?
The global vegan baking ingredients market has expanded significantly in the recent past. The market size is projected to increase from $1.96 billion in 2024 to $2.1 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%.
What Is the Forecasted CAGR for the Vegan Baking Ingredients Market by 2029?
The Vegan Baking Ingredients Global Market is expected to reach a size of $2.99 billion in 2029, growing at a compound annual growth rate (CAGR) of 9.3%.
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What Are the Market Drivers in the Vegan Baking Ingredients Industry?
The key drivers in the vegan baking ingredients market are:
• Market expansion in developing countries
• Collaborations and partnerships for ingredient development
• Growing consumer interest in clean label and non-gmo ingredients
• Increasing demand for convenience baking solutions
What Is the Segment-Wise Breakdown of the Vegan Baking Ingredients Market?
The vegan baking ingredientsmarket covered in this report is segmented –
1) By Product Type: Starch, Raising Agent, Emulsifier, Baking Powder and Mixes, Vegetable Oil, Colors and Flavors, Enzymes
2) By Nature: Conventional Vegan Baking Ingredients, Organic Vegan Baking Ingredients
3) By Application: Cakes and Pastries, Biscuits and Cookies, Bread and Buns
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Which Emerging Trends Are Driving Growth in the Vegan Baking Ingredients Sector?
The key trends in the vegan baking ingredients market are:
• Technological advancements are driving development of innovative vegan ingredient alternatives.
• There is a growing trend towards plant-based milk and butter substitutes in vegan baking.
• Gluten-free and grain-free flour choices are emerging as a key trend in the market.
• The use of natural sweeteners and sugar substitutes, as well as functional ingredients for nutritional enhancement, is becoming increasingly popular.
Which Companies Are Dominating the Vegan Baking Ingredients Market in Terms of Revenue?
Major players in the vegan baking ingredients market are:
• Associated British Foods plc
• DuPont de Nemours Inc.
• Ingredion Inc.
• Döhler GmbH
• Lallemand Baking Inc.
• Bakels Group JR
• Cargill Incorporated
• Turtle Island Foods Inc.
• Veganz Group AG
• B&G Foods Inc.
• CSM Ingredients SARL
• Koninklijke DSM NV
• Lesaffre Group
• Pak Group BV
• Dawn Food Products Inc.
• Kerry Group plc
• Upfield Holdings BV
• Vitasoy International Holdings Limited
• Violife Holdings BV
• Hain Celestial Group
• Bakels Worldwide
• Puratos Group
• Archer Daniels Midland Company
• Tate & Lyle plc
• Corbion NV
• Roquette Frères SA
• Ingredion Incorporated
• Chr. Hansen Holding A/S
• Kerry Group
• Barry Callebaut AG
• Olam Internationa Ltd.
What Are the Regions Driving Demand in the Vegan Baking Ingredients Market?
Europe was the largest region in the vegan baking ingredients market share in 2024
