Press release
The Global Baking Powder Market witnessed substantial growth in 2022, with a market value of USD 3.65 Bn. It is projected to grow at a CAGR of 7.66 percent from 2023 to 2029, reaching nearly USD 6.12 Bn.
Baking Powder Market
Baking powder, composed of baking soda, cornstarch, and cream of tartar, is a popular ingredient used in various baked goods. Despite the shift in customer preferences towards healthier food options, the demand for baking powder has remained steady in recent years. The global baking powder market is expected to experience growth due to the increasing demand for baked goods worldwide.
The market dynamics of the Global Baking Powder Market are thoroughly studied and explained in the comprehensive market report, providing insights into emerging trends, drivers, restraints, opportunities, and challenges at both the global and regional levels. The research methodology involved extensive data collection from primary and secondary sources, using advanced statistical tools and methodologies to ensure accuracy and reliability.
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What are Baking Powder Market Dynamics:
The market for baking powder is primarily driven by the booming bakery industry, with an increasing number of bakeries and commercial baking facilities relying on baking powder to create light and fluffy baked goods. The growing trend of ready-to-eat food consumption and the rising penetration of baking powder in developing countries are also contributing factors. Collaborations with bakers and food service providers offer opportunities for baking powder manufacturers to showcase their products and gain credibility in the industry.
The baking powder market faces challenges due to fluctuating raw material prices, constantly changing consumer preferences for baked goods, intense market competition, and the need to comply with strict food safety regulations and standards.
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Baking Powder Market Regional Insights:
Asia-Pacific leads the global baking powder market, accounting for nearly 41 percent of the market share in 2022. The region's growth is attributed to the expansion of the food service industry and the increasing number of bakeries in high-potential areas. North America is expected to have the highest CAGR of 8.21 percent over the forecast period, driven by the region's substantial demand for processed and packaged foods.
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What is Baking Powder Market Segmentation:
By Product Type:
Phosphate-based
Phosphate-free
Aluminum-based
Aluminum-free
Anhydrous Phosphate
Sodium Aluminum Sulfate Phosphate
Tartrate
Others
By End-User:
Cafes
Home/Residential
Bakery
Restaurants
Other End Users
By Application:
Bread
Biscuits & Cookies
Cakes & Pastries
Pancakes
Muffins
Rolls & Pies
Waffles
Others
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Who are Baking Powder Market Key Players:
1. Archer Daniels Midland
2. John Pointon & Sons Ltd.
3. Koninklijke DSM N.V.
4. Kemin Industries Inc.
5. BASF
6. Omega Protein Corporation
7. Cargill Incorporated
8. Darling Ingredients Inc.
9. Ingredion Incorporated
10. Dow Du Pont Inc.
11. Weikfield Products Private Limited
12. ACH Food Companies Inc
13. Davis Baking Powder
14. Caravan Ingredients Inc
15. Clabber Girl Corporation
16. Others
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Table of content for the Baking Powder Market includes:
1. Global Baking Powder: Research Methodology
2. Global Baking Powder Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
1. Global Baking Powder Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
1. Global Baking Powder Market Segmentation
• Global Market, by Product Type (2022-2029)
• Global Market, by End-User (2022-2029)
• Global Market, by Application (2022-2029)
1. Regional Baking Powder Market (2022-2029)
• Regional Market, by Product Type (2022-2029)
• Regional Market, by End-User (2022-2029)
• Regional Market, by Application (2022-2029)
• Regional Market, by Country (2022-2029)
1. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product Type, End-User and Application
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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