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Enriched Dough Market to Cross US$ 621 Million by 2032 as Preference for Highly Nutritional Bakery Products Grows
NEW YORK , July 21, 2022 /PRNewswire/ -- The global enriched dough market size reached a valuation of US$ 405.8 million in 2022 and projected to exhibit a CAGR of 4.3% during the forecast period (2022-2032), surpassing US$ 621 million by 2032.
Growing inclination towards highly nutritional bakery products is a key factor pushing demand for enriched dough. Enriched dough is made by adding rich ingredients like oil, butter, eggs, milk, and sugar to traditional dough. Addition of these ingredients enhances flavor, improve nutritional content, and make texture of bread soft and fluffy.
Over the years, growing health awareness have improved the demand for high nutritional products. As a result, food manufacturing industries are utilizing products such as enriched dough to develop highly nutritional food products. This will boost enriched dough sales during the forecast period.
Consumers across the globe are spending extensively on bakery products such as bread, cakes, rolls, cookies, and pasta. As many of these products are made from enriched dough, rise in their production and consumption will aid the growth in enriched dough market over the upcoming decade.
Similarly, rapid expansion of bakery industry worldwide, increasing penetration of online shopping platforms, and growing usage of enriched dough in HoReCa sectors are likely to create lucrative growth opportunities for enriched dough manufacturers.
Regionally, North America , spearheaded by the U.S., accounts for the largest share of 34.2% of the global enriched dough market. Demand in North America enriched dough market is driven by rising consumption of fortified foods, growing focus on fitness, and availability of a variety of enriched dough products such as cakes, pastries, and bread.
Leading enriched dough manufacturers are adopting numerous strategies such as new product launches, partnerships, collaborations, acquisitions, etc. to capitalize on the emerging opportunities as well as to expand their global footprint.
For instance,
In the latest study, Fact.MR offers a 360-degree view of the global enriched dough market for the forecast period of 2022 to 2032. The report also highlights key factors such as recent developments and growth drivers influencing sales in the enriched dough market through detailed segmentation as follows:
The global demand for dough whiteners is projected to rise at a considerable pace during the forecast period, owing to the rising applications of dough whiteners in bakery industry and growing demand for aesthetic ready-to-bake products. Dough whitener is a bleaching agent used to impart whiteness to dough, which is then used for making a wide range of bakery products including dumplings, pastries, pizza.
Fact.MR predicts pastry dough sales to witness significant growth rate during forecast period between 2021 and 2031, generating significant revenues by the end of 2032. Factors such as rising consumer spending on ready to bake products and growing adoption of pastry dough across end-use segments like restaurants, bakery & baking stores, hotels, and café are driving growth in the global enriched dough market.
The global enriched milk powder market size is poised to grow at a CAGR of 5.9% between 2022 and 2032, reaching a valuation of US$ 15.38 billion by 2032. Demand for enriched dough is driven by rising focus on preventive healthcare and fitness, surge in lifestyle diseases, and growing adoption of fortified foods and dietary supplements.
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