PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627710
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627710
The baking powder market is expected to grow at a compound annual growth rate of 4.79% over the forecast period to reach US$5.347 billion in 2030, up from US$4.231 billion in 2025.
Baking has been a part of food production since its employment in the Fertile Crescent about six thousand years ago. The odorless white powder, referred to as baking powder, has been equivalently revolutionary and has further aided in radically shortening the cooking time resulting in the development of a new breed of fast baked goods like gingerbread, cookies, and the like. This functional benefit has remained the prime factor facilitating the baking powder market growth.
Additionally, with shifting consumer preferences for exotic bakery products in developing economies, increased availability of allergen-free variants of traditional bakery products, an increasing number of urban home bakers, expanding retail footprint, and rising female labor-force participation, particularly in high-income and emerging economies, leading to increased availability of disposable income, among other factors, are expected to propel the global baking powder market to unprecedented heights. Bakery products have been a staple in every household since time immemorial.
With the growing income and urbanization, the demand for baking powder has risen. There is a significant market for ready-to-eat snacks and foods. There is a high demand for fast food products because of the change in consumers' eating behavior. Consumers have become more aware and knowledgeable about their wellness and health. There is a substantial surge in the consumption of health-based bakery products. The consumption of nutrition bars, high-fiber bread, and breakfast cereals meets consumer demand for a balanced and healthier diet. Baking powder is required for wellness and health-oriented food products.
There is a substantial surge in the demand for convenience foods that are ready to eat and easily available. There is also a need for yeast-based food products such as doughnuts, pizzas, cakes, cookies, and hamburgers. Therefore, the demand for junk food products is expected to rise by analyzing consumer behavior, the significant change in their lifestyle, and the surge in income. Hence, the baking powder market is expected to surge.
By geography, the baking powder market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries. Countries like India and China will register significant growth because of rising urbanization.
According to the World Integrated Trade Solution (WITS), the top importers of prepared baking powders in 2023 were Saudi Arabia with an import of 11,934,000 Kg, Canada with an import of 6,488,490 Kg, Philippines with 7,758,170 Kg, followed by Indonesia import of 2,757,720 Kg, and the United States had 4,056,690 Kg.
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