Baking Ingredients Market Demand, Growth and Re...

Globally, the baking ingredients market was valued at approximately USD 14.0 billion. It is estimated to expand at a compound annual growth rate of over 6% from 2021 to 2026. The market’s expected valuation at the end of the forecast period is nearly USD 20.0 billion. The global baking ingredients market has been adversely affected since the advent of the pandemic. Even though the demand has sustained, the disruptions in supply chain have resulted in a low supply. The consequences of low supply have driven the prices of these ingredients significantly up in 2020. The rising product prices and the supply chain issues have resulted a dip in the overall market valuation.

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