Baking powder refers to a dry chemical preservative that comprises of carbonate, inert filler along with weak acid. It is used to increase the amount of food in which it is applied. It helps in keeping the dough raised until it gets finally established in a cooking process. Baking powder consists of ingredients like dry acid and cornstarch. It serves as an essential ingredient used in the processing of various bakery products like cakes, waffles, muffins and others.
MARKET DYNAMICS
The rise in demand for baked goods, fast food like cakes and pies drives the growth of baking powder market. Besides this, the rise in popularity in bakeries, home & restaurants and the preference for baking also drive the market growth. However, the available of substitute such as baking soda restricts the fruitful development of the baking powder market. The rising trend of consuming ready to eat food along with urbanization is expected to boost the growth of baking powder market in the years to come.
MARKET SCOPE
The "Global Baking Powder Market Analysis to 2028"? is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the baking powder market with detailed market segmentation by type, application and geography. The global baking powder market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading baking powder market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global baking powder market is segmented on the basis of type and application. On the basis of type, the baking powder market is segmented into emulsifier, leavening agents, enzymes, mixes, starch and others. The baking powder market on the basis of application is broken into bread, biscuits, cookies, cakes & pastries, rolls & pies and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global baking powder market based on various segments. It also provides market size and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The baking powder market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the baking powder market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the baking powder market in these regions.
MARKET PLAYERS
The reports cover key developments in the baking powder market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from baking powder market are anticipated to lucrative growth opportunities in the future with the rising demand for baking powder market in the global market. Below mentioned is the list of few companies engaged in the baking powder market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the food binders. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ACH Food Companies Inc.
- Amrut International
- British Bakels Ltd.
- Clabber Girl Corporation
- Eagle International
- Kudos Blends Limited
- McKenzies
- RB Foods
- Swiss Bake Ingredients Pvt. Ltd.
- Weikfield Products Private Limited
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.