PUBLISHER: SkyQuest | PRODUCT CODE: 1448213
PUBLISHER: SkyQuest | PRODUCT CODE: 1448213
Global Leavening Agents Market size was valued at USD 6.42 billion in 2022 and is poised to grow from USD 6.64 billion in 2023 to USD 8.75 billion by 2031, growing at a CAGR of 3.5% during the forecast period (2024-2031).
After flour and water in baking, a leavening agent is a chemical or ingredient that is largely responsible for the creation, expansion, and sealing of gas in batter or dough. Dough can be made with bacteria, yeast, or baking powder. They are essential to the food sector and have advantages like softening the crumb in cakes to improve their texture. Additionally, during preparation and baking, leavening agents improve the dough's airiness, elasticity, and consistency. The market for yeast is growing because of a number of important considerations. Market expansion is anticipated to be aided by the rising demand for bread as a healthful food, the growing popularity of baked items, and significant dietary and lifestyle changes occurring in developing nations like China and India.
The ready-to-eat market, which includes frozen baked goods, is dominated by working women and metropolitan customers who lead busy lives and have more disposable income. The market is developing as a result of the usage of leavening agents in a variety of sectors, including bakeries, and the rising demand for healthy snacks in the bakery sector. Acidulants regulate pH, enhance flavor, and have an impact on the development of baked goods' color. They are crucial in preserving the texture, structure, and fluff of baked goods. These adaptable materials come in chemical, biological, and physical forms, and their uses in the food and beverage sector present several chances for creativity. The convenience, flavor, and seasonal availability of baked goods are driving consumer preference, which is improving the market picture.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Leavening Agents Market Beverage Packaging Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Leavening Agents Market Segmental Analysis
The form, application, and region segments of the global leavening agents market are identified. The market can be divided into biological, chemical, and other segments based on form. The market is divided into categories such as food, personal and health care, and others based on application. The market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America based on geographic factors.
Drivers of the Global Leavening Agents Market
The expanding market for processed baked goods is driving the need for leavening agents globally. The market for leavening agents is growing increasingly competitive as a result of changing lifestyles and a rise in health concerns. For the food product to have the right amount of carbon dioxide, the acid to leavening agent ratio must match. With the rapid population growth in the Asia Pacific, Middle East, and Africa areas, there are numerous prospects for the leavening agent market to expand. The companies in this market have been doing a lot of research and development to create innovative products related to leavening agents for the food and beverage sector. Moreover, rising healthcare costs and rising disposable income would encourage market expansion during the projection period. The demand for wholesome meals is rising along with the number of individuals who work. As a result, it is anticipated that the industry will increase greatly. The market for leavening agents is expanding along with concerns about leading healthier lives because these agents have several useful advantages when used in food products.
Restraints in the Global Leavening Agents Market
One of the main obstacles to the global market for leavening agents is the stringent regulations governing food additives and chemicals. Governments and regulatory bodies worldwide have strict regulations governing the use of leavening agents in food products. These regulations are intended to protect consumer health, ensure food safety, and maintain standards for product quality. Manufacturers have to invest in costly and time-consuming compliance procedures, documentation, and stringent testing to ensure compliance with these requirements. The process of approving new leavening agents or ingredients can sometimes be convoluted and challenging. Regulatory barriers can impede market expansion, especially for smaller businesses or those with limited resources to navigate regulatory systems.
Market Trends of the Global Leavening Agents Market
An important trend in the global leavening agent market is the growing desire for natural ingredients and clean labels. Customers are actively looking for solutions devoid of artificial additives and preservatives as they become more aware of the components in the food goods they buy. The need for leavening agents made from natural sources, including yeast and sourdough starters, is being driven by this trend. These products have a clean label and are seen as healthier options. In response to the increased customer demand for clean label products, manufacturers are creating and promoting natural, organic, and GMO-free leavening agents.