Page 48 - The European Baking Ingredients Market Report 2022 - Volume 2
P. 48

European Baking Ingredients Market Report 2022
                       INKWOOD RESEARCH
            48 Netherlands





            NETHERLANDS





                                                                                 higher interest in and greater
                                                                                 availability of specialty offerings
                                                                                 like bread made with spelt flour
                                                                                 or free from gluten bread. Bakers
                                                                                 are set to increase their use of
               NETHERLANDS                                                       naturally healthy ingredients,
               Capital                                 Amsterdam                 such as organic flour, as well as
                                                                                 follow a minimum fermentation
               Population                              17,217,831 (2022)
                                                                                 process to enable offerings to
               GDP (in US$ billion)                    US$1018 (2021)            qualify as sourdough bread.
               Expenditures spent on food (%)          11.35% (2018)
                                                                               Recent developments/packaging
               Expenditure on food per capita (US$)    US$2,661 (2018)
                                                                               innovations/product launches/
               Source: Inkwood Research                                        marketing campaigns
                                                                               •  The private label retailer Albert
                                                                                 Heijn is expected to remain
                                                                                 the leading player in a highly
            Key trends of bakery ingredients &   •  Non-traditional bread, flat   fragmented competitive
            baked goods observed in country     bread has seen an upsurge        landscape. Albert Heijn has
            •  The lockdown and stay-at-home    in popularity in recent years.   introduced vegetable pitta bread
               measures have seen consumers     Moroccan and Turkish bread,      (flatbread) in a variety of flavors,
               work or study remotely and       as well as flavor and ingredient   including one combination
               generally spend long hours in    combinations that are unique.    containing 45% red beetroot
               the home. With time on their     One example is its veggie wrap   and carrot purée. The retailer
               hands, many consumers have       line, which offers beetroot and   has also launched leavened
               turned to make their own bread   carrot-based variants with a 40%   vegetable bread in two varieties
               and cakes at home. This has      vegetable content. It also has   containing 45% carrot and 45%
               seen a spike in sales of flour and   a protein-enriched power pide   beetroot. In addition to price
               restrained retail growth in baked   that is currently in the works.   sensitivity due to heightened
               goods.                                                            economic concerns in the wake
                                             •  There is anticipated to be a     of COVID-19, such novelties
             Product Analysis – bakery ingredients                               have gained further traction


               Netherlands baked goods market, by product, 2021 (US$ Million)
                 5000
                 4500                       998.62           44.57            41.82           215.98
                4000
                 3500      3017.60
                 3000
                 2500
                 2000
                 1500
                 1000
                  500
                    0
                           Bread            Cakes         Dessert Mixes    Frozen baked       Pastries
                                                                              goods
               Source: Inkwood Research




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