Industry giants such as Archer Daniels Midland Company (U.S.), DuPont (U.S.), Associated British Foods Plc (U.K.), Cargill Inc. (U.S.), etc. dominate the frozen bakery additives market, which has been recently estimated to reach USD1, 469.7 million by 2018, growing at a CAGR of 6.8% from 2013 to 2018, according to research by MarketsandMarkets.
The top five players active on the segment of frozen bakery additives make up for almost 28.3% of the total market share, while other companies such as Novozymes (Denmark), Kerry Group (Ireland), Royal DSM N.V. (The Netherlands) have also enjoyed a strong presence globally.
According to the report, between 2010 and 2013 the main development activity undertaken by the key market players have been product launches.