Baking Powder Market Forecasts to 2028 – Global Analysis By Product (Aluminum-Based, Aluminum-Free, Tartrate), Application (Bread, Cakes, Cookies, Pancakes, Waffles), End User (Bakery, Restaurants), and By Geography
According to Stratistics MRC, the Global Baking Powder Market is accounted for $4.00 billion in 2020 and is expected to reach $6.87 billion by 2028 growing at a CAGR of 7.0% during the forecast period. The rise in demand for baked goods and the rise in popularity in bakeries, homes & restaurants are the factors driving the market growth. However, the availability of substitutes such as baking soda is hampering the market growth.
Baking powder refers to a dry chemical preservative that comprises carbonate. It is used as a leavening agent in making baked goods that typically consists of an acidic substance, sodium bicarbonate, and starch.
Based on end user, the bakery segment is going to have lucrative growth during the forecast period due to the high demand for bakery products. It is a rich source of carbohydrates, protein, and, vitamins which are considered essential components of baked food. Also, baking powder usage in waffles, biscuits, and donuts will increase because of changing consumer preferences.
By geography, Asia Pacific is going to have lucrative growth during the forecast period due to the varying food habits of consumers, and consumers in the region are demonstrating a greater desire to spend on bread, cookies, and pastries.
Some of the key players profiled in the Baking Powder Market include ACH Food Companies, Associated British Foods Plc, Blue Bird Foods India Pvt. Ltd. , Calumet Baking Powder Company, Carvan Ingredients, Clabber Girl Corp. , Corbion NV, Davis, Keliff's, Kudos Blends Ltd., Rumford , The Kraft Heinz Co., The Oetker Group, Ward McKenzie Pty Ltd (McKenzies), and WeiKFiELD Foods Pvt Ltd.
Estimated Market Size in 2020:
USD 4.00 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 6.87 billion
Tables, Graphs& Figures
Type, Nature, Product, Application, End User, Distribution Channel and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Leavening Agents
• Anhydrous Phosphate
• Brown Sauce
• Single And Double Acting Baking Powder
• Sodium Aluminum Sulfate Phosphate
• Tartar-Based Baking Powder
• Cakes & Pastries
• Cookies & Biscuits
• Rolls & Pies
End Users Covered:
Distribution Channels Covered:
• Offline (Hypermarkets)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Baking Powder Market is majorly driven by increase in demand for baked goods, the rise in popularity in bakeries, homes & restaurants, and changing consumer preferences.
The bakery segment is growing at a highest CAGR due to the high demand for bakery products and changing consumer preferences.
Asia Pacific dominated with a significant market share due to the to the changing food habits of consumers in the region and expansion of food service industry in the region.
North America market is growing at a highest CAGR due to the high demand for packaged and processed food in the region.
Key players in Baking Powder Market include ACH Food Companies, Associated British Foods Plc, Blue Bird Foods India Pvt. Ltd., Calumet Baking Powder Company, Carvan Ingredients, Clabber Girl Corp., Corbion NV, Davis, Keliff's, Kudos Blends Ltd., Rumford, The Kraft Heinz Co., The Oetker Group, Ward McKenzie Pty Ltd (McKenzies), and WeiKFiELD Foods Pvt Ltd.
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