Press release
2028 Baking Powder Industry Report Growth Forecasts
Stratistics MRC’s Global Baking Powder Market value expected to reach $6.87 billion growing at a CAGR of 7.0% during 2020-2028.Baking powder refers to a dry chemical preservative that comprises carbonate. It is used as a leavening agent in making baked goods that typically consists of an acidic substance, sodium bicarbonate, and starch.
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Based on end user, the bakery segment is going to have lucrative growth during the forecast period due to the high demand for bakery products. It is a rich source of carbohydrates, protein, and, vitamins which are considered essential components of baked food. Also, baking powder usage in waffles, biscuits, and donuts will increase because of changing consumer preferences. By geography, Asia Pacific is going to have lucrative growth during the forecast period due to the varying food habits of consumers, and consumers in the region are demonstrating a greater desire to spend on bread, cookies, and pastries.
Some of the key players profiled in the Baking Powder Market include ACH Food Companies, Associated British Foods Plc, Blue Bird Foods India Pvt. Ltd. , Calumet Baking Powder Company, Carvan Ingredients, Clabber Girl Corp. , Corbion NV, Davis, Keliff's, Kudos Blends Ltd., Rumford , The Kraft Heinz Co., The Oetker Group, Ward McKenzie Pty Ltd (McKenzies), and WeiKFiELD Foods Pvt Ltd.
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1 Food Baking Equipment Overview
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