USD 6.20 billion
Report ID: SQMIG30I2252 | Region: Global | Published Date: June, 2023 | Pages: 157 | Tables: 61 | Figures: 75
Leavening Agents Market size was valued at USD 6.20 billion in 2021 and is poised to grow from USD 6.42 billion in 2022 to USD 8.45 billion by 2030, growing at a CAGR of 3.5% during the forecast period (2023-2030).
Global Leavening Agents Market is a thriving and rapidly expanding industry that encompasses a wide range of products used in the food and beverage sector. This market is driven by the growing demand for convenience foods, the increasing popularity of bakery products, and the rising consumer preference for natural and organic ingredients. Manufacturers are focusing on product innovation and development to meet the evolving consumer demands, offering a variety of leavening agents such as yeast, baking powder, baking soda, and sourdough starters. Additionally, technological advancements in the food processing industry have led to the development of specialized leavening agents that cater to specific dietary requirements, including gluten-free and vegan options. The market is also influenced by the expanding foodservice industry, as restaurants, cafes, and bakeries require a consistent supply of high-quality leavening agents. Geographically, the market is experiencing significant growth in emerging economies, driven by factors such as urbanization, changing lifestyles, and an increasing disposable income. However, challenges such as price fluctuations of raw materials, stringent regulations on food additives, and the need to maintain product quality and freshness pose hurdles to market growth. Overall, the global leavening agents market is witnessing robust growth and is poised for further expansion, driven by the surging demand for bakery products and continuous product innovation to meet consumer preferences.
US Leavening Agents Market is poised to grow at a sustainable CAGR for the next forecast year
Global Market Size
USD 6.20 billion
Largest Segment
Biological
Fastest Growth
Biological
Growth Rate
3.5% CAGR
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Global Leavening Agents Market is segmented by form, application, and region. Based on form, the market can be segmented into Biological, chemical and others. Based on application, the market is segmented into Food, personal and health care and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Form
The biological form of leavening agents currently holds the dominant position in the Global Leavening Agents Market. Biological leavening agents, such as yeast and sourdough starters, have been widely used in baking for centuries. They offer natural fermentation and produce desirable flavors, textures, and aromas in baked goods. The demand for biological leavening agents is driven by the growing consumer preference for natural and organic ingredients, as well as the increasing popularity of artisanal and traditional baking methods. Manufacturers are focusing on developing improved strains of yeast and enhancing the performance of biological leavening agents to meet the evolving needs of the market.
The chemical form of leavening agents is the fastest growing segment in the Global Leavening Agents Market. Chemical leavening agents, such as baking powder and baking soda, provide quick and consistent results in baking applications. They are easy to use and offer convenience to both commercial and home bakers. The rapid growth of the chemical segment can be attributed to several factors, including the rising demand for convenience foods, the increasing number of bakeries and foodservice establishments, and the ease of incorporating chemical leavening agents into various recipes. Additionally, advancements in chemical leavening technologies, such as double-acting baking powders, are further driving the growth of this segment. Manufacturers are investing in research and development to enhance the functionalities of chemical leavening agents, such as improving shelf life and minimizing undesirable flavors, to capitalize on the growing market opportunities.
Analysis by Application
The food application segment currently holds the dominant position in the Global Leavening Agents Market. Leavening agents are extensively used in the food industry to enhance the texture, flavor, and overall quality of various food products. They play a crucial role in baked goods, including bread, cakes, pastries, and biscuits, providing the desired rise and structure. Leavening agents are also utilized in the production of snacks, such as chips and crackers, as well as in the preparation of batter-based products like pancakes and waffles. The dominance of the food segment is attributed to the widespread consumption of bakery products and the growing demand for processed and convenience foods worldwide. Manufacturers are focusing on developing innovative leavening agents that offer improved functionalities and cater to specific food applications, driving the growth of this segment.
The personal and healthcare application segment is the fastest growing segment in the Global Leavening Agents Market. Leavening agents find increasing applications in the personal care and healthcare industries. In personal care products, such as toothpaste and skincare formulations, leavening agents are utilized for their abrasive and exfoliating properties. They help in removing plaque, dead skin cells, and impurities, contributing to improved oral hygiene and skincare routines. In the healthcare sector, leavening agents are used in the formulation of pharmaceutical products and dietary supplements, where they aid in the release of gases and provide effervescence. The growing focus on personal hygiene, oral care, and wellness, coupled with the rising demand for natural and organic ingredients in personal and healthcare products, is driving the growth of this segment. Manufacturers are exploring new applications and formulations to cater to the evolving needs of consumers in this sector, resulting in the rapid expansion of the personal and healthcare segment in the leavening agents market.
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Europe holds the dominant position in the Global Leavening Agents Market. The region has a rich baking tradition and a strong demand for bakery products. European consumers have a high affinity for artisanal and high-quality baked goods, driving the demand for leavening agents. Additionally, the presence of established bakery and foodservice industries, along with a high level of consumer awareness regarding food safety and quality, contributes to the dominance of Europe in the leavening agents market. European manufacturers are known for their expertise in producing a wide range of leavening agents, including traditional yeast and sourdough starters, catering to the diverse baking requirements of the region.
The Asia Pacific region is the fastest growing segment in the Global Leavening Agents Market. The region's rapid economic growth, changing consumer lifestyles, and increasing disposable incomes have led to an expanding demand for bakery and convenience food products. As a result, there is a growing need for leavening agents to meet the rising baking and culinary demands. Additionally, the influence of Western cultures, changing dietary preferences, and the adoption of international food trends contribute to the growth of the leavening agents market in Asia Pacific. Countries like China, India, and Japan are witnessing significant growth in the bakery and foodservice sectors, driving the demand for leavening agents. Manufacturers are capitalizing on this opportunity by expanding their production capacities, investing in distribution networks, and developing tailored products for the diverse Asian market, leading to the rapid growth of the leavening agents market in the Asia Pacific region.
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Drivers
High Demand for Processed Food
Global demand for leavening agents is being driven by the growing market for processed baked goods. Due to shifting lifestyles and an increase in health concern, the market for leavening agents is becoming more and more competitive. The ratio of acid to leavening agent must match for the food product to contain the appropriate amount of carbon dioxide. There are several opportunities for the market expansion of leavening agents given that the Asia Pacific, Middle East, and Africa are regions that are quickly increasing. To produce novel leavening agent-related goods for the food and beverage industry, the businesses in this market have been performing extensive research and development. Additionally, during the forecast period, Increasing healthcare expenses and increased disposable income would support market expansion. As the population of people who work grows, there is an increased need for healthful meals. The industry is predicted to grow significantly as a result. As concerns about living healthier lives grow, so does the market for leavening agents since their usage in food goods offers a number of practical benefits.
Restraints
Stringent regulations on food additives and ingredients
The strict laws on food additives and ingredients are a major constraint on the global market for leavening agents. The use of leavening agents in food items is subject to stringent rules from governments and regulatory agencies around the world. The objectives of these laws are to guarantee food safety, safeguard consumer health, and uphold standards for product quality. Manufacturers must spend in rigorous testing, paperwork, and compliance procedures in order to comply with these laws, which can be time-consuming and expensive. The approval procedure for novel leavening agents or components can also be drawn out and difficult. Particularly for smaller enterprises or those with fewer resources to traverse regulatory frameworks, these regulatory obstacles might operate as market growth inhibitors.
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The competitive landscape of the Global Leavening Agents Market is characterized by intense competition and a diverse range of players. The market is fragmented, with numerous regional and international manufacturers vying for market share. Key players in the market focus on product innovation, research and development activities, and strategic partnerships to gain a competitive edge. They strive to meet the evolving consumer demands for natural and organic ingredients, gluten-free and vegan options, and improved functionalities. Additionally, manufacturers emphasize maintaining high-quality standards, ensuring consistent supply, and enhancing distribution networks to cater to the demands of various end-use industries. Overall, the competitive landscape of the leavening agents market is dynamic, driven by continuous product development, technological advancements, and a focus on meeting consumer preferences.
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Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Leavening Agents Market analysis, the market is a competitive and dynamic industry, driven by factors such as the demand for convenience foods, increasing consumer preferences for natural and clean label ingredients, and the growing bakery and foodservice sectors. Biological leavening agents dominated the market, supported by their extensive usage in various food applications. The food application segment holds the dominant position, driven by the widespread consumption of bakery products and the demand for processed and convenience foods. Additionally, the personal and healthcare application segment is the fastest growing, fueled by the focus on personal hygiene, oral care, and wellness. Europe is the dominant region in the market, benefiting from a strong baking tradition and a high demand for bakery products. The Asia Pacific region is the fastest growing, attributed to rapid economic growth, changing consumer lifestyles, and increasing disposable incomes. The market's competitive landscape features numerous regional and international players who emphasize product innovation, quality standards, and distribution networks to gain a competitive edge. However, stringent regulations on food additives and ingredients pose a challenge to market growth. Overall, the market is characterized by continuous product development, technological advancements, and a focus on meeting consumer preferences for convenience, natural ingredients, and improved functionalities.
Report Metric | Details |
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Market size value in 2021 | USD 6.20 billion |
Market size value in 2030 | USD 8.45 billion |
Growth Rate | 3.5% |
Base year | 2021 |
Forecast period | 2023-2030 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Leavening Agents Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Leavening Agents Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Leavening Agents Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Leavening Agents Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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