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Baking Powder Market worth $7.15 billion by 2030, growing at a CAGR of 5.30% - Exclusive Report by 360iResearch
Baking Powder Market | 360iResearch
The Global Baking Powder Market to grow from USD 4.98 billion in 2023 to USD 7.15 billion by 2030, at a CAGR of 5.30%.
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Baking powder is a leavening agent utilized in baking to produce volume and lighten the texture of baked goods. It is a mixture comprising an acid, usually cream of tartar, a base such as sodium bicarbonate, and a filler to absorb moisture and prevent the acid and base from reacting prematurely. Upon addition to dough or batter, baking powder undergoes chemical reactions that produce carbon dioxide gas, which forms bubbles that expand during cooking, thereby raising the mixture. This market is integral to household and commercial sectors, catering to an increasing demand fuelled by shifting lifestyles and dietary preferences. Innovations such as aluminum-free variants highlight the industry's response to the growing health-conscious consumer base. Additionally, the market is experiencing expansion through enhanced distribution channels, including online and retail avenues, making baking essentials more accessible. The drive towards convenience foods and the potential in emerging markets present significant growth opportunities. Nonetheless, the sector navigates challenges such as competition from alternative leavening agents, regulatory hurdles, and health-related concerns over certain ingredients. Innovation remains pivotal, focusing on health-centric products, eco-friendly packaging, and incorporating organic materials to meet consumer demands for healthier and more sustainable options.
In the Americas, particularly in North America, baking powder is heavily integrated into commercial food production and home baking, driven by a long-standing tradition of baked goods. Major companies in this region benefit from advanced distribution networks and extensive product varieties catering to specific consumer preferences. Conversely, the APAC region, characterized by burgeoning economic growth and shifting dietary patterns, presents a dynamic market for baking powder. Rapid urbanization and the increasing influence of Western eating habits contribute to its growing demand. Recent initiatives include investments in research for developing low-sodium and aluminum-free baking powders to meet health-centric consumer demands. The production techniques in APAC are evolving, emphasizing cost-efficiency and adaptation to local tastes. In the EMEA region, the market dynamics vary significantly across different areas. EU countries strongly prefer organic and natural baking solutions that align with stringent EU food safety and quality regulations. This has led to increased research in natural leavening agents and eco-friendly packaging solutions. The Middle East and Africa are experiencing growing urbanization and the retail sector's expansion, leading to a higher demand for convenient food options, including baked goods. Efforts to introduce fortified baking products to address nutritional deficiencies are notable in these regions.
Market Segmentation & Coverage:
This research report categorizes the Baking Powder Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Aluminum-based Baking Powder and Aluminum-free Baking Powder. The Aluminum-based Baking Powder is projected to witness significant market share during forecast period.
Based on Distribution Channel, market is studied across Offline and Online. The Offline is projected to witness significant market share during forecast period.
Based on Application, market is studied across Breads, Cakes & Pastries, and Cookies & Crackers. The Cakes & Pastries is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.67% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Baking Powder Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Baking Powder Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Baking Powder Market, highlighting leading vendors and their innovative profiles. These include AB Mauri India Pvt.Ltd., Ach Food Companies, Inc., Angel Yeast Co., Ltd., B&G Foods, Inc., Blue Bird Foods India Pvt. Ltd., Bob's Red Mill Natural Foods, Inc., British Bakels Ltd., Colombian Brew Coffee, Corbion NV, Doves Farm Foods Ltd., Dr. Oetker (UK) Ltd., Hain Celestial Group, Inc., Honest to Goodness, Keliffs Nutrients Private Limited, Kent Foods Limited, Kraft Heinz Company, Kudos Blends Limited, Lallemand Inc., Lesaffre Corporation, Prestige Brands, Inc., Royal Baking Powder, Top-Op Foods Ltd., and WEIKFIELD FOODS PVT. LTD..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Baking Powder Market, by Type
7. Baking Powder Market, by Distribution Channel
8. Baking Powder Market, by Application
9. Americas Baking Powder Market
10. Asia-Pacific Baking Powder Market
11. Europe, Middle East & Africa Baking Powder Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Baking Powder Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Baking Powder Market?
3. What is the competitive strategic window for opportunities in the Baking Powder Market?
4. What are the technology trends and regulatory frameworks in the Baking Powder Market?
5. What is the market share of the leading vendors in the Baking Powder Market?
6. What modes and strategic moves are considered suitable for entering the Baking Powder Market?
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About 360iResearch
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Global Food Baking Equipment Sales Market Report 2017
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1 Food Baking Equipment Overview
1.1 Product…
