Baking Powder Market size was valued to be USD 3.4 billion in 2022, and it is estimated to reach a valuation of USD 4.05 billion by the end of 2028, expanding at an annual growth rate (CAGR) of 5.3% over the forecast period.
The demand-supply environment, pricing structure, profit margins, production, and value chain analysis are only a few of the major topics examined in this research. Regional analysis of the global baking powder market reveals a wealth of unrealized potential in local and regional markets. Users can assess business shares analysis, new product lines, the potential for NPD in new markets, pricing tactics, innovation opportunities, and much more with the help of detailed company profiling.
Baking powder is a leavening agent that is commonly used in baking to help baked goods rise. It is a combination of an acid, such as cream of tartar, and a base, such as baking soda. Baking powder is an essential ingredient in many baked goods, including cakes, cookies, and bread. The global baking powder market is expected to grow at a steady rate due to the increasing demand for baked goods and the growing popularity of home baking. Baking powder is an essential ingredient in many baked goods, and the growing interest in baking as a hobby is expected to drive market growth.
The growth of the global market is driven by factors such as the increasing demand for baked goods, the growing popularity of home baking, and the rising demand for convenience foods. Additionally, the increasing availability of baking powder products in supermarkets and online stores is expected to drive market growth. In terms of geography, North America is expected to witness significant growth in the market due to the high demand for baked goods in the region. Europe is also expected to witness steady growth due to the growing popularity of home baking.
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Global Baking Powder Market: Major Players
Clabber Girl Corporation
Blue Bird Foods India
Hansells Food Group
ACH Food Companies
The Kraft Heinz Company
AB Mauri
Corbion
Eagle International
Ward McKenzie
Weikfield Products Private
Global Baking Powder Market: Types
Tartar-based Baking Powder
Phosphate-based Baking Powder
Phosphate Free Baking Powder
Global Baking Powder Market: Applications
Breads
Pancakes
Muffins
Global Baking Powder Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Baking Powder market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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