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Leavening Agents Market Trends, Top Companies, Share, Growth And Forecast 2033
Leavening Agents Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the leavening Agents industry. This report on leavening Agents market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The leavening agents market size has grown steadily in recent years. It will grow from $6.44 billion in 2023 to $6.74 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to growth in demand for bakery and confectionery products, expansion of food processing industry, consumer preference for convenience foods, increased consumption of baked goods, rise in disposable income and changing lifestyles.
The leavening agents market size is expected to see strong growth in the next few years. It will grow to $8.3 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to health and wellness trends impacting baking choices, focus on clean label and natural leavening agents, emerging markets and increased urbanization, online retailing and e-commerce for baking ingredients, regulatory support for quality and safety standards. Major trends in the forecast period include gluten-free leavening agents, use of natural and organic leavening agents, clean label ingredients in baking, application in artisanal and specialty baking, customized leavening solutions for different products, microencapsulation technology for controlled release.
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Key Market Players:
Kudos Blends Ltd., Puratos Group, Cargill Incorporated, AB Mauri North America, Shandong Sunkeen Co. Ltd., Archer Daniels Midland Company, Associated British Foods (ABF) PLC, Corbion N.V., Kerry Group PLC, Koninklijke DSM N.V., The Kraft Heinz Company, Novozymes A/S, Stern-Wywiol Gruppe, Lesaffre Yeast Corporation, Lallemand Inc., Angel Yeast Co. Ltd., Oriental Yeast Co. Ltd., Watson Inc., Caravan Ingredients, Bakels Group, AB Vista an AB Agri company, Biorigin, Fazer Group, Kemin Industries Inc., LFI Inc., MGP Ingredients Inc.
Market Drivers:
According to the Leavening Agents Market Report 2024 by The Business Research Company, the key factors driving the growth of the leavening Agents market, includes the demand for bakery products is expected to propel the leavening agents market going forward. 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. For instance, in August 2022, according to International Dairy Deli Bakery Association (IDDBA), a US-based non-profit organization, the bakery sector sales were in around $3.1 billion for June, increasing 9.3% year over year. Therefore, the rising preference for bakery products is driving the leavening agents market.
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Market segments for leavening Agents include:
1) By Form: Biological, Physical, Chemical
2) By Application: Sea Food, Bakery Products, Fried Foods, Wheat Flour, Soy Products
3) By Sales Channel: Direct Sales And Wholesalers, Independent Grocery Retailer, Non-Store Retailers, Other Sales Channels
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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