Leavening Agents Market is Expected to Top Nearly $9.2 billion by 2031; growing at a CAGR of 4.2%

Increase in popularity of baked food products, rise in demand for bread as functional food, rise in standard of living among people, rapid urbanization, and drastic changes in lifestyle & food habits of emerging countries drive the growth of the global leavening agents market. Closure of retail stores, disruption in export & import activities, dynamic changes in expenditure pattern during the pandemic had a negative impact on the growth of the market.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-sample/32196

Leavening agents, especially baking soda, play a considerable role in animal feed. Baking soda is primarily used in dairy cow feed supplements as it helps to stabilize rumen pH by reducing acidic conditions. Dynamic changes in food patterns and a rise in demand for animal-based protein are expected to increase the demand for animal feed, propelling the growth of the leavening agents market during the forecast period. Furthermore, baking soda is considerably used for making cosmetics and personal care products owing to its benefits such as it reduces dark spots, helping to get rid of pimples & blackheads, and removing dead skin, thereby increasing the use of baking soda and other chemical leavens in personal and healthcare products which are anticipated to contribute for the growth of the leavening agents market.

The report offers detailed segmentation of the global leavening agents market based on form, end-user industry, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation.

𝐌𝐚𝐤𝐞 𝐚 𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞: https://www.alliedmarketresearch.com/checkout-final/94f372e3c97985b2f20190b3db1c4cc5

The players operating in the global leavening agents industry have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Archer-Daniels-Midland Company, Associated British Foods PLC, Cargill, Inc., Corbion N.V., Kerry Group PLC, Koninklijke DSM N.V., Kraft Heinz Company, Novozymes A/S, Puratos Group NV, and Stern-Wywiol Gruppe GmbH Co. KG.

Based on end-user industry, the food segment held the dominating market share in 2021, holding nearly three-fourths of the global leavening agents market, and is expected to maintain its leadership status during the forecast period. The personal and health care segment, on the other hand, is expected to cite the fastest CAGR of 5.5% during the forecast period.

𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝: https://www.alliedmarketresearch.com/request-for-customization/32196

The report analyzes these key players in the global leavening agents market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance and operating segments by prominent players in the market.

Region-wise, Europe garnered the highest market share in 2021 and is expected to maintain its market share throughout the forecast period. The rise in consumption of bread as functional food is generating more demand for leavening agents. Moreover, development of the tourism sector in this region is providing roadside shops an opportunity to sell bakery products, which can be easily sold and carried with low selling and storage costs. Growing bakery and food service industry in Europe is likely to support Europe leavening agents market growth during the forecast period.

Key findings of the study

The leavening agents market size was $5,971.9 million in 2020 and is estimated to reach $9,198.1 million by 2031, registering a CAGR of 4.2% from 2022 to 2031.

In 2021, depending on form, the biological segment accounted for $4,017.1 million garnering 67.3% of the global market share.

In 2021, on the basis of the end-user industry, the food segment acquired $4,261.6 million, exhibiting 71.4% of the global market share.

Germany was the most prominent market in Europe in 2021 and is projected to reach $760.2 million by 2031, growing at a CAGR of 2.5% during the forecast period.

𝐓𝐚𝐥𝐤 𝐭𝐨 𝐨𝐮𝐫 𝐀𝐧𝐚𝐥𝐲𝐬𝐭: https://www.alliedmarketresearch.com/connect-to-analyst/32196

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐀𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Anti-Caking Agents Market - https://www.prnewswire.com/news-releases/anti-caking-agents-market-to-reach-2-1-bn-globally-by-2031-at-6-4-cagr-allied-market-research-301685023.html

Non-Dairy Creamer Market - https://www.prnewswire.com/news-releases/non-dairy-creamer-market-to-reach-2-38-bn-globally-by-2027-at-7-3-cagr-amr-301096811.html

Plant based Diet Market - https://www.prnewswire.com/news-releases/plant-based-diet-market-to-reach-227-2-billion-globally-by-2032-at-17-7-cagr-allied-market-research-301864589.html

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