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The Leavening Agents market is valued at USD 6.4 Billion 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 Billion 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 Billion |
Market Forecast Value in 2032 |
USD 9.8 Billion |
Global Growth Rate (2022 to 2032) |
4.4% CAGR |
Forecast Period |
2022 to 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 starters are some of the leavening agents that are in higher demand. They are all available in physical and chemical forms.
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The market grew with a CAGR of 4.1% between 2017 and 2021 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.
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.
With the rising consumer demand for processed bakery food products in nations like the USA and Canada, North America is predicted to experience considerable growth in the worldwide leavening agents market.
With strong demand in the United Kingdom 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.
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 healthcare items, and adaptability to healthier lifestyles.
Due to the rising demand for natural ingredients, 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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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.
Attribute |
Details |
Market Size Value in 2022 |
USD 6.4 Billion |
Market Forecast Value in 2032 |
USD 9.8 Billion |
Global Growth Rate |
4.4% CAGR |
Forecast Period |
2022 to 2032 |
Historical Data Available for |
2017 to 2021 |
Market Analysis |
MT for Volume and USD Billion for Value |
Key Regions Covered |
North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa. |
Key Countries Covered |
USA, Canada, Brazil, Mexico, Argentina, Chile, Peru, Germany, France, Italy, Spain, United Kingdom, 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 |
|
Pricing |
Available upon Request |
The Leavening Agents market is estimated to reach sales of nearly USD 6.4 Billion by 2022.
Leavening Agent's market revenue is expected to increase at a CAGR of around 4.4% during the period 2022 to 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 Billion in 2032.
The top countries driving the Leavening Agents demand are the USA, Germany, China, and the United Kingdom.
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