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Leavening Agents Market

Market Insights on Leavening Agents covering sales outlook, demand forecast & up-to-date key trends

Leavening Agents Market by Source, End-Use Application & Region for 2022 – 2032

Leavening Agents Market Outlook – 2022 – 2032

The Leavening Agents market is valued at USD 6.4 Bn in 2022 and is projected to grow at a CAGR of 4.4% during the forecast period, to reach a value of USD 9.8 Bn by 2032. Newly released data from Future Market Insights market analysis shows that global Leavening Agents demand is projected to grow year-on-year (Y-o-Y) growth of 2.9% in 2022.

Market Size Value in 2022

USD 6.4 Bn

Market Forecast Value in 2032

USD 9.8 Bn

Global Growth Rate (2022 to 2032)

4.4% CAGR

Forecast Period

2022-2032

Collective Value Share: Top 3 Countries (2021A)

40.4%

The substances used to form the dough are leavening agents; these preservatives aid in the release of gases from the mixture, resulting in a variety of baked goods. The need for leavening agents is rising in the North American and European markets. The market for leavening agents has shown rapid expansion in recent years, and this pattern is anticipated to hold during the forecast period.

Further, the employment of leavening agents in the dough and batters used to make baked goods has made them one of the essential elements in the creation of bakery food products. Baking soda, baking powder, and sourdough starter are some of the leavening agents that are in higher demand. They are all available in physical and chemical forms.

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2017-2021 Leavening Agents Market Outlook Compared to 2022-2032 Forecast

The market grew with a CAGR of 4.1% between 2017 and 21 as one of the key components and the ingredient with a significant market share in the market for baking ingredients is a leavening agent. By causing mixes to release gases, leavening agents are primarily utilized in batters and doughs to produce baked goods with absorbent structures.

Baking soda, baking powder, active dry yeast, sourdough starter, handmade potash, potassium bicarbonate, and baker's ammonia are among the several leavening agents that can be used. Baking soda, baking powder, and active dry yeast all contribute significantly to the pie's overall flavor.

High Demand for Processed Food Driving the Leavening Agent Market

The expanding market for processed baked goods is what is driving the demand for leavening agents globally. The market for leavening agents is becoming increasingly demanding due to changing lifestyles and rising health consciousness. To ensure that the food product contains the right amount of carbon dioxide, the ratio of acid to the leavening agent must be matched.

Given that the Asia Pacific, the Middle East, and Africa are regions that are rapidly expanding, there is numerous potential for the market expansion of leavening agents. The companies competing in this market have been conducting in-depth research and development to create new leavening agent-related products for the food and beverage industry.

Additionally, during the projection period, the market expansion would be aided by rising healthcare costs and rising disposable income. There is an increasing need for wholesome meals as the working population grows. As a result, the industry is anticipated to experience significant expansion. The market for leavening agents is also rising as people's worries about leading healthier lives expand, as their use in food products provides several functional advantages.

Nandini Roy Choudhury
Nandini Roy Choudhury
Principal Consultant
LinkedIn
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Country-wise Insights

US to Uplift Demand for Magnesium Stearate

With the rising consumer demand for processed bakery food products in nations like the U.S. and Canada, North America is predicted to experience considerable growth in the worldwide leavening agents market.

Europe's demand for Leavening Agents to fuel the Market Growth

With strong demand in the U.K. and Germany, Europe contributed the most to the global market in 2022, holding over 30% of the market. Additionally, the growing spending power of customers in this region for bakery goods will fuel category expansion. Additionally, the use of meal replacements made from functional food items is growing as they tend to meet consumers' needs for both energy and nutrition. Leavening Agents are commonly employed in the food sector as a result of rising consumer knowledge and greater internet usage.

Category-wise Insights

Application of Leavening Agents in the global market

Due to the rising demand for baked products, Bakery made up the largest portion of the global market revenue in 2022, accounting for around 66.8% of it. The market for food leavening agents is being driven by the expansion of the baked goods industry. Future trends in lifestyle change and rising health consciousness will make the market for food-leavening agents more competitive.

Due to rising demand, personal and health care will rise at the fastest rate during the forecast period. Other factors influencing the segment's growth include increased disposable incomes, rising demand for personal and health care items, and adaptability to healthier lifestyles.

Natural source Projected to Grow with High CAGR as Its Demand Grows

Due to the rising demand for the natural ingredient, the natural source is projected to grow with a CAGR of 7.8% during the forecast period. Further, the most widely used natural agent is yeast as changes in consumer food habits and increasing demand for bakery products are the major factors driving the growth of this segment.

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Competitive Landscape

To address the rising demand, manufacturers of leavening agents are concentrating on developing fresh uses for leavening agents. However, with low entry barriers and larger market potential, new players are joining the market. In areas with strong demand, the rising need for leavening agents presents a chance for product development. The following are major companies that are active in the global leavening agents market.

Scope of Report

Attribute

Details

Market Size Value in 2022

USD 6.4 Bn

Market Forecast Value in 2032

USD 9.8 Bn

Global Growth Rate

4.4% CAGR

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

MT for Volume and USD Bn for Value

Key Regions Covered

North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA

Key Countries Covered

United States, Canada, Brazil, Mexico, Argentina, Chile, Peru, Germany, France, Italy, Spain, UK, Netherlands, Belgium, Nordic, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, North Africa, and others

Key Market Segments Covered

Source, End-Use Application

Key Companies Profiled

  • 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
  • Others

Pricing

Available upon Request

Leavening Agents Market by Category

By Source:

  • Natural
  • Synthetic

By End-Use Application:

  • Beverages
  • Bakery and Confectionery
  • Dairy Products
  • Dietary Products
  • Personal Care and Cosmetics
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Frequently Asked Questions

The Leavening Agents market is estimated to reach sales of nearly USD 6.4 Bn by 2022.

Leavening Agent's market revenue is expected to increase at a CAGR of around 4.4% during the period 2022-2032.

Leavening Agent's sales increased a CAGR of around 4.1% over the past half-decade.

The global Leavening Agents market value is estimated to be around USD 9.8 Bn in 2032.

The top countries driving the Leavening Agents demand are the US, Germany, China, and the UK.

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Nandini Roy Choudhury
Principal Consultant
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Leavening Agents Market