Market Overview —
The leavening agents market size is estimated to grow at a fast pace and reach a valuation of USD 900 million at a CAGR of 5.8% during the forecast period 2021-2028.
Consumers' preferences are shifting toward healthier and gluten-free foods. This is a significant factor driving the market for leavening agents. Bread is consumed by the majority of people worldwide. The usage of leavening agents in bread is accelerating the expansion of the leavening agents market. Additionally, the companies are utilising a variety of marketing techniques, which is pushing the market for leavening agents. The employment of leavening chemicals in foods allows for the release of air, which gives the baked product an exceptionally delectable appearance. These items are used in the bakery sector to increase the volume and texture of the bread. This is a significant opportunity for the leavening agent market to expand during the forecast period.
Along with the many reasons that drive the market for leavening agents, there are a few obstacles that could stymie the industry's expansion. It is critical to maintain a balanced ratio of leavening agents in order to produce an adequate amount of carbon dioxide in foods. This balance can be a significant problem for the leavening agents business, particularly as the number of health-conscious consumers grows. Excessive use of leavening chemicals such as baking soda, baking powder, and yeast in a variety of baked goods containing fatty acids is contributing to an increase in health problems among people. This is a significant aspect that could limit the market for leavening agents' growth. Additionally, international quality standards and stringent regulations operate as restraints on the market.
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The market is divided according to its form into biological, chemical, physical, and others. The growing demand for chemical leavening agents for their functional properties in bakery products has boosted leavening agent sales.
The market is split by application into seafood, bread products, wheat flour, fried foods, and soy products. In comparison to other products, leavening agents are critical in bakery items since they give them structure, texture, and flavour. Leavening agents are required for bakery items such as cakes, pastries, and bread, which contributes to the worldwide leavening agents market's growth.
The global leavening agents market is split geographically into five submarkets: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
North America is predicted to have the biggest leavening agent market share among these regions, owing to the rising popularity of healthy and gluten-free cuisine among American citizens. The United States is the only country in North America that contributes significantly to leavening agents. As a result, North America is predicted to expand at a rapid pace during the projection period.
Europe, on the other hand, will hold the second biggest market share in the leavening agents industry by 2020. Germany, Spain, France, and the United Kingdom all have marketplaces that contribute to the market's growth. However, the growing knowledge of the health benefits among Europeans has contributed to the market's expansion.
Asia Pacific and the Middle East and Africa are two fast-growing regions that may present a significant opportunity for the leavening agents industry. Numerous research and development organisations active in the market have been involved in the development of new products.
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Corbion NV, DSM, Kudos Blends Limited, AB Mauri Food, and Kraft Foods Corporation are some of the key players in the market who are changing and creating new leavening agent functions to strengthen their position in the market.
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