Press release
Leavening Agents Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | Kudos Blends Ltd., Puratos Group, Cargill Incorporated, AB Mauri North America, Shandong Sunkeen Co. Ltd
Leavening Agents Market Size
The Business Research Company offers in-depth market insights through Leavening Agents Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
The main forms of leavening agents are biological, physical, and chemical forms. Biological leavening agents refer to agents that have harmless micro-organisms that help in the process of leavening mainly by producing carbon dioxide after being added to food. These are used in various applications such as seafood, bakery products, fried foods, wheat flour, and soy products and are sold through different sales channels such as direct sales and wholesalers, independent grocery retailers, non-store retailers, and other sales channels.
Major Driver - Leavening Agents Market Thrives On Bakery Product Demand
The rising 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.
Competitive Landscape:
Major companies operating in the leavening agents market include 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.
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Top Trend - Enhancing Food Products With Innovative Leavening Agents
Product innovations are a key trend gaining popularity in the leavening agent market. 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.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Leavening Agents Market Characteristics
3. Leavening Agents Market Trends And Strategies
4. Leavening Agents Market - Macro Economic Scenario
5. Leavening Agents Market Size And Growth
…..
27. Leavening Agents Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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