Leavening Agents Market Is Expected To Grow At A CAGR Of 3.4...| MENAFN.COM

Monday, 27 March 2023 12:33 GMT

Leavening Agents Market Is Expected To Grow At A CAGR Of 3.4% From 2022 To 2030

(MENAFN- Ameliorate Digital Consultancy) According to the Market Statsville Group (MSG), the global leavening agents market size is expected to grow from USD 5,929.4 million in 2022 to USD 7,876.1 million by 2030 , at a CAGR of 3.4 % from 2023 to 2030.

A leavening agent is an important ingredient in bakery products and has the largest market share in the baking ingredient industry. It is widely used in batters and dough to create absorbent baked goods. There are several leavening agents available, the most common of which are baking powder and yeast. During the forecast period, market growth will be boosted by an increase in health spending and an increase in disposable income. With the growing working population, the demand for nutritious and high-quality meals also grows. Thus, the market is expected to expand significantly. Furthermore, increased concerns about living a healthy lifestyle are driving up demand for leavening agents, which have several functional advantages connected with their use in food items.

Because of their significant impact on dough qualities and final baked goods, leavening agents are in high demand in the global baking business. The leavening products used in bakery goods, which are a crucial element in the consumption of baked goods, impact the crumb's flavor, texture, and color. The bakery industry needs leavening agents since they are used in the baking process of pies, rolls, cakes, biscuits, cookies, and other baked products. Furthermore, the growing popularity of confectionery and home-baked goods is projected to have a long-term influence on the global market.

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Manufacturers in the global bakery sector confront strong competition, driving them to offer new items regularly in various tastes and textures. Manufacturers also utilize a range of flours in their production lines, which increases the demand for leavening agents in varying amounts in their products. On the other hand, the market for leavening acid is being restrained by increased demand for natural goods among health-conscious clients. To produce novel leavening agent products for the food and beverage industries, businesses in this market are investing heavily in research and development.

COVID 19 Impact on the Global Leavening Agents Market

The COVID-19 pandemic has also impacted the market. The lockout disrupted the supply chain. The market suffered due to the closure of numerous businesses and industries. Additionally impacted by this pandemic are logisticians and farmworkers owing to the nationwide shutdown, all bread shops were shut down. The sales of leavening agents are adversely affected by this. The foodservice industry has noticed a decline in demand for bakery goods, formerly thought to be among the most popular products on the market. The development of the bakery and confectionery sectors and continued efforts by industry participants to invent new products will drive global market expansion in the coming years.

Global Leavening Agents Market Dynamics

The increased demand for food items with higher quality and longer shelf-life and the vast range of functional advantages linked with their presence in food products drive market expansion. Consumer preferences for healthy and gluten-free meals and the execution of various marketing methods boost the market growth. Furthermore, changes in consumer lifestyle, an increase in disposable income, population expansion, and fast urbanization benefit the leavening agents market.

Food safety regulations are regulated by international organizations such as the Canadian Food Inspection Agency (CFIA), the National Food Safety and Quality Service (SENASA), the US Food and Drug Administration (FDA), and the Committee on the Environment, Public Health, and Food Safety (EU). These organizations have direct or indirect control on the use of various chemicals and materials used in food processing. Because leavening agents used in bakery applications come into indirect contact with the food product surface, they must satisfy food safety laws. The USFDA has issued a list of compounds and the amounts used in food processing. Using leavening agents in foods to liberate air makes bread look extremely delicious and increases lucrative opportunities for market players.

Scope of the Global Leavening Agents Market

The study categorizes the leavening agents market based on form and application at regional and global levels.

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By Form Outlook ( Sales, USD Million, 2017 2030)
  • Biological
  • Chemical
  • Others
By Application Outlook ( Sales, USD Million, 2017 2030 )
  • Food
  • Personal & Health Care
  • Others
By Region Outlook ( Sales, USD Million, 2017 2030 )
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • France
    • UK
    • Spain
    • Poland
    • Russia
    • The Netherlands
    • Norway
    • Czech Republic
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Thailand
    • Singapore
    • Australia & New Zealand
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Northern Africa
    • Rest of MEA

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Chemical segment accounts for the highest CAGR during the forecast period by form

Based on the form, the global leavening agents market has been categorized into biological, chemical, and others. Chemical is expected to grow at the highest CAGR during the forecast period. Rising consumer health awareness is a primary driver driving category growth during the forecast period. Furthermore, the segment is expected to develop throughout the assessment period due to changing behaviors toward health and an increasing working population globally. R&D is a key success factor for chemical leavening agents.

Asia Pacific accounts for the highest CAGR during the forecast period by Region

Based on the regions, the global Leavening Agents Market has been segmented across North America, Asia–Pacific, Europe, South America, and the Middle East & Africa. Asia Pacific is expected to account for the highest CAGR during the forecast period due to the increased need for leavening agents. Increased disposable income in nations such as China and India boost category expansion even further. Furthermore, the rising demand for bakery products due to the rising population drives the market expansion during the forecast period. As a result, such market trends are likely to assist the Asia Pacific in dominating the overall market.

Competitive Landscape – Global Leavening Agents Market

The global leavening agents market is highly competitive with key industry players adopting various strategies such as partnerships, acquisitions, product development, agreements, and expansion to strengthen their market positions. Most companies in the market are indulged in expanding business across regions, enhancing their capabilities, and molding strong partner relations.

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Major players in the global leavening agents market are:
  • Archer Daniels Midland Co.
  • Associated British Foods PLC
  • Cargill, Inc
  • Corbion N.V.
  • Kerry Group PLC
  • Novozymes A/S
  • Puratos Group NV
  • Koninklijke DSM N.V.
  • Stern-Wywiol Gruppe GMBH Co. KG

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About Market Statsville Group

market statsville group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.

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