Largest Bakery Ingredients Companies in the World

The global bakery ingredients market size reached US$ 16.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 25.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.6% during 2024-2032, owing to an increase in the demand for convenience foods, such as biscuits, bread, pastries, and cakes. The bakery ingredients are used to improve and maintain the freshness, aroma, taste, texture and shelf-life, and are usually available in the forms of emulsifiers, fats, shortenings, blends, colours, flavours, mixes, etc. Owing to the increasing health consciousness among consumers, the major companies in the industry are focussing on R&D investments to ensure diversified growth opportunities in the market. Flower Foods, one of the leading bakery companies, has acquired Alpine Valley Bread Company and Canyon Bakehouse for US$ 120 Million and US$ 205 Million respectively to extend their baking category.

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Top Companies Operating in the Global Bakery Ingredients Market

AAK AB

Establishment: 2005
Headquarters: United Kingdom
Website: https://aak.com/

AAK is a one of the top suppliers for speciality shortenings, laminating fats, frying oils, margarines, flaked shortenings, hardstocks, melanges for the bakery industry. The company’s business segment also involves value-added solutions for Chocolate & Confectionery, Dairy, Special Nutrition, Foodservice, Personal Care, and other industries. The company has more than 20 production facilities and 25 sales offices. AAK generated US$ 2.9 Billion revenue in 2018. The company has more than 3,600 employees.

Archer Daniels Midland Company

Establishment: 1902
Headquarter: United States of America
Website: https://www.adm.com/

ADM is a manufacturers variety of products such as milled ingredients, sweeteners, baking mixes and bases, fillings and icings for the food & beverage industry. The company generated a revenue of about US$ 64.3 Billion and operates in more than 270 plants worldwide.

Associated British Foods Plc

Establishment: 1935
Headquarter: United Kingdom
Website: https://www.abf.co.uk

Associated British Foods Plc is an agriculture, food processing and retail company. The company's business segments include grocery, sugar, agricultural products, ingredients and retail. The company is currently operating in 50 countries, with more than 137,000 employees. The company generated a revenue of approximately US$ 15.0 Billion in the year of 2018.              

Cargill

Establishment: 1865
Headquarter: United States of America
Website: https://www.cargill.com/

Established in 1865, Cargill is an American food and beverage company that manufacturers ingredients, such as flour, cocoa, soya proteins, sweeteners, oils and others for bakery products. The company is currently operating in 125 countries, with more than 160,000 employees. It generated a revenue of US$ 113.5 Billion in 2018 from its various segments, such as agriculture, animal protein & nutrition, food & beverage, and industrial.

Corbion

Establishment: 1919
Headquarter: Netherlands
Website: https://www.corbion.com/

Corbion is one of the leading companies in emulsifiers, functional enzyme blends and lactic acid derivatives, essential for high-speed and automated baking systems. The company also has a major base for meat, beverage, confectionery, and dairy industry. In 2018, Corbion generated annual revenue of US$ 993.3 Million and had a workforce of 2,040 employees worldwide.

IFFCO Ingredients Solution

Establishment: 1975
Headquarter: United Arab Emirates
Website: http://www.iffco.com/

IFFCO is a UAE based food & beverage industry that produces a wide range of bakery ingredients and supplies them to skilled industrial bakeries. The company manufactures specialty ingredients for fermented goods and flour confectionery products such as breads, croissants, sponge cakes, pizzas, doughnuts and dessert mixes.

Ingredion Incorporated

Establishment: 1906
Headquarter: United States of America
Website: https://www.ingredion.us/

Ingredion manufactures a variety of speciality starch and flour-based ingredients for bakery products which include cakes, bread, sweet biscuits, pastries and fillings. The company generated a revenue of US$ 5.8 Billion. It employs more than 11,000 employees and serves more than 120 countries.

Kerry Group

Establishment: 1972
Headquarter: Ireland
Website: https://www.kerrygroup.com/

Kerry Group is a manufacturer and seller of functional bakery ingredients to the UK, Irish and other international food markets. The company offers more than 15,000 products with 147 manufacturing facilities. It generated a revenue of US$ 7.3 Billion in 2018. The company has a presence in more than 140 countries.

Koninklijke DSM N.V.

Establishment: 1935
Headquarter: Netherlands
Website: https://www.dsm.com/

Established in 1935, DSM focusses on healthier, better tasting baked goods, such as gluten-free breads, bakery products with less sugar and salt content, lactose-free products, intended for the use of health-conscious consumers. The company employed 20,977 employees and generated a revenue of US$ 9.8 Billion in 2018.

Lesaffre

Establishment: 1853
Headquarter: France
Website: https://www.lesaffre.com/

Lesaffre expertises in bread fermentation processes. The company has developed cereal-based bread mix that improves the taste and texture of bread, premixes and blends, milling correctors, etc. The company generated a turnover of US$ 2 Billion from its 44 baking centres. It has 66 production sites and 78 business offices across the world.

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