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Leavening Agents Market 2023-2032: Global Overview, Industry Share, Business Growth And Top Key Players| Kudos Blends, Puratos, Cargill Inc., AB Mauri Food Inc., Shandong SunKeen Biological Engineering Co. Ltd.
Leavening Agents Market
The Business Research Company's Leavening Agents Global Market Report 2023 identifies ising demand for bakery products as the major driver for the Leavening Agents Market's growth in the forecast period. Bakery products refer to the food products made from a dough or batter that is baked, such as bread, cakes, cookies, and others. Leavening agents help bakery products rise and make them soft and light.
The global leavening agents market size grew from $6.18 billion in 2022 to $6.47 billion in 2023 at a compound annual growth rate (CAGR) of 4.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global leavening agents is expected to grow to $7.78 billion in 2027 at a CAGR of 4.7%.
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Major competitors in the leavening agents market are Kudos Blends, Puratos, Cargill Inc., AB Mauri Food Inc., Shandong SunKeen Biological Engineering Co. Ltd., Kraft Foods, Lessafree, Koninklijke DSM N.V., Associated British Foods plc, Weikfield Foods Pvt. Ltd., Lallemand, Kerry Group plc, Novozymes A/S, Solvay S.A. and Tata Chemicals Ltd.
A key trend in the Leavening Agents Market includes Product innovations. Major companies operating in the leavening agent market are introducing new leavening agents, to enhance the flavor and texture of food products. For instance, in September 2022, Angel Yeast, a China-based company yeast extract manufacturer for baking, seasoning, brewing, and others, introduced a high-sugar dry yeast product to address baking challenges related to high-sugar, high salt, and weak organic acids. Angel Yeast's new Premium high-sugar dry yeast product is capable of providing rapid and high-quality fermentation, where high sugar, salt, and oil content affects the yeast fermentation under normal conditions and extends the shelf of bread and baked goods due to its resistance towards weak organic acids.
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The Leavening Agents Market is segmented -
By Form: Biological, Physical, Chemical
By Application: Sea Food, Bakery Products, Fried Foods, Wheat Flour, Soy Products
By Sales Channel: Direct Sales And Wholesalers, Independent Grocery Retailer, Non-Store Retailers, Other Sales Channels
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Leavening Agents Market.
The Business Research Company's "Global Leavening Agents Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Leavening Agents Market Include:
1. Executive Summary
2. Leavening Agents Market Characteristics
3. Leavening Agents Market Trends And Strategies
4. Leavening Agents - Macro Economic Scenario
5. Leavening Agents Market Size And Growth
……
26. Africa Leavening Agents Market
27. Leavening Agents Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Leavening Agents Market
29. Leavening Agents Market Future Outlook and Potential Analysis
30. Appendix
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