A recent report by Custom Market Insights estimates that the global vegan baking ingredients market, valued at approximately USD 2.03 billion in 2025, is expected to grow to USD 2.18 billion in 2026. The market is forecasted to expand further, reaching around USD 4.07 billion by 2035, with a compound annual growth rate (CAGR) of 7.15% between 2026 and 2035.
The report highlights major companies operating in this sector, including Cargill, Associated British Foods plc, Ingredion Incorporated, Archer Daniels Midland Company (ADM), Tate & Lyle plc, IFF Inc., Bakels Group, Dawn Food Products Inc., Kerry Group, Corbion N.V., and Koninklijke DSM N.V. These players contribute to the market through various sales and strategic initiatives.
**Why this matters**
The projected growth in the vegan baking ingredients market reflects increasing consumer demand for plant-based and allergen-free alternatives in the food industry. This trend is influencing manufacturers and suppliers to innovate and expand their product offerings, impacting market dynamics and investment opportunities globally.
Source: NewsData