Market Size –
The leavening agents market size has grown steadily in recent years. It will grow from $6.44 billion in 2023 to $6.74 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to growth in demand for bakery and confectionery products, expansion of food processing industry, consumer preference for convenience foods, increased consumption of baked goods, rise in disposable income and changing lifestyles.
The leavening agents market size is expected to see strong growth in the next few years. It will grow to $8.3 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to health and wellness trends impacting baking choices, focus on clean label and natural leavening agents, emerging markets and increased urbanization, online retailing and e-commerce for baking ingredients, regulatory support for quality and safety standards. Major trends in the forecast period include gluten-free leavening agents, use of natural and organic leavening agents, clean label ingredients in baking, application in artisanal and specialty baking, customized leavening solutions for different products, microencapsulation technology for controlled release.
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Scope Of Leavening Agents Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Leavening Agents Market Overview
Market Drivers –
The rising demand for bakery products is expected to propel the leavening agents market going forward. Bakery products refer to the food products made from a dough or batter that is baked, such as bread, cakes, cookies, and others. Leavening agents help bakery products rise and make them soft and light. For instance, in August 2022, according to International Dairy Deli Bakery Association (IDDBA), a US-based non-profit organization, the bakery sector sales were in around $3.1 billion for June, increasing 9.3% year over year. Therefore, the rising preference for bakery products is driving the leavening agents market.
The leavening agents market covered in this report is segmented –
1) By Form: Biological, Physical, Chemical
2) By Application: Sea Food, Bakery Products, Fried Foods, Wheat Flour, Soy Products
3) By Sales Channel: Direct Sales And Wholesalers, Independent Grocery Retailer, Non-Store Retailers, Other Sales Channels
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Regional Insights –
North America was the largest region in the leavening agents market in 2023. Asia-Pacific is expected to be the fastest-growing region in the leavening agents market share during the forecast period. The regions covered in the leavening agents market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the leavening agents market include Kudos Blends Ltd., Puratos Group, Cargill Incorporated, AB Mauri North America, Shandong Sunkeen Co. Ltd., Archer Daniels Midland Company, Associated British Foods (ABF) plc, Corbion N.V., Kerry Group plc, Koninklijke DSM N.V., The Kraft Heinz Company, Novozymes A/S, Stern-Wywiol Gruppe, Lesaffre Yeast Corporation, Lallemand Inc., Angel Yeast Co. Ltd., Oriental Yeast Co. Ltd., Watson Inc., Caravan Ingredients, Bakels Group, AB Vista an AB Agri company, Biorigin, Fazer Group, Kemin Industries Inc., LFI Inc., MGP Ingredients Inc.
Table of Contents
1. Executive Summary
2. Leavening Agents Market Report Structure
3. Leavening Agents Market Trends And Strategies
4. Leavening Agents Market – Macro Economic Scenario
5. Leavening Agents Market Size And Growth
…..
27. Leavening Agents Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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