USD 6.42 billion
Global Leavening Agents Market Size, Share, Growth Analysis, By Form(Biological, chemical and others), By Application(Food, personal and health care and others) - Industry Forecast 2024-2031
Report ID:
SQMIG30I2252 |
Region:
Global |
Published Date: March, 2024
Pages:
198
|
Tables:
61 |
Figures:
75
Global Leavening Agents Market Insights
Global Leavening Agents Market size was valued at USD 6.42 billion in 2022 and is poised to grow from USD 6.64 billion in 2023 to USD 8.75 billion by 2031, growing at a CAGR of 3.5% during the forecast period (2024-2031).
A leavening agent is a substance or ingredient primarily responsible for the generation, expansion and sealing of gas in batter or dough, making it an important component in baking after flour and water. Yeast, bacteria or baking powder can be used to make dough. They play a vital role in the food industry and offer benefits such as improving the texture of cakes by softening the crumb in the final product. In addition, leavening agents increase the airiness, flexibility and consistency of the dough during preparation and baking. The yeast market is dependent on growth due to several key factors. Growing popularity of baked goods, increasing demand for bread as a healthy food, and major lifestyle and dietary changes in developing countries such as India and China are expected to boost market growth.
The ready-to-eat sector, including frozen baked goods, is occupied by urban consumers with busy lifestyles, higher disposable incomes and the number of working women. The use of leavening agents in various industries, including bakeries, and the growing demand for healthy snacks in the bakery segment are also contributing to the expansion of the market. Acidulants are important in maintaining the texture, structure and fluffiness of baked goods, while they regulate pH, improve flavor and influence the color development of baked goods. These versatile substances are available in physical, chemical and biological forms, and their functions in the food and beverage industry offer ample opportunities for innovation. Consumer preference for baked goods due to convenience, taste and seasonal availability is boosting the market outlook.
US Leavening Agents Market is poised to grow at a sustainable CAGR for the next forecast year
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Biological
Fastest Growth
Biological
Growth Rate
3.5% CAGR
Global Leavening Agents Market ($ Bn)
Country Share for Europe Region (%)
Global Leavening Agents Market By Foam ($ Bn)
Global Leavening Agents Market By Foam (%)
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Global Leavening Agents Market Segmental Analysis
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 leads the position in the Global Leavening Agents Market. Biological leavening agents 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 increasing due to the growing consumer preference for natural and organic ingredients, as well as the increasing popularity of artisanal and traditional baking methods. Manufacturers in the market are continuously focusing on developing improved strains of yeast and increasing the performance of biological leavening agents to meet the growing needs of the market.
The chemical form of leavening agents is one of the fastest growing segments in the Global Leavening Agents Market. Chemical leavening agents, such as baking powder and baking soda, provide fast and reliable results in baking applications. They are easy to use and suitable for both professional and home bakers. The fast growth of the chemical segment can be attributed to several factors, including the increasing demand for convenience foods, the increasing number of bakeries and food service establishments, and the ease of incorporating chemical leavening agents into various recipes. Furthermore, developments in chemical leavening technologies, such as double-acting baking powders, are driving this market forward. To capitalize on the rising market potential, manufacturers are capitalizing on research and development to expand the functions of chemical leavening agents, such as improving shelf life and minimizing unfriendly flavors.
Analysis by Application
The food segment contributed to the highest revenue share of around 70% of the global market revenue in 2022 due to its increasing demand for baked food and beverages. The growth of the baked foods market is driving the segment market for food leavening agents. Increasing health awareness and changing lifestyles are major driving factors in the market for food leavening agents.
The personal & health care segment has the fastest growing segment during the forecast period due to increasing demand. Increasing disposable incomes, rising demand for personal & health care products, and adaptation towards healthy lifestyles are other factors driving the segment growth.
Global Leavening Agents Market By Foam, 2023 (%)
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Global Leavening Agents Market Regional Insights
Europe is the dominating region in the global market with over 30% share in 2022 due to high demand in the U.K. and Germany. Also, the increasing purchasing power of the consumers towards bakery products in this region will drive the segment growth. As per a survey conducted by the International Baking Industry Exposition, consumption of bakery products is highest in Europe. Europe's bakery consumption hit USD 165 billion in 2016, as a result of this, the demand for a leavening agent is increasing in this region.
Asia Pacific is expected to grow at a CAGR of 4.4% from 2023 to 2030. This is due to the increasing demand for leavening agents in this region. An increase in disposable income in countries like China, India. And Japan is further driving the segment growth. Furthermore, increasing demand for bakery products due to the high population is also responsible for market growth during the forecast period.
Global Leavening Agents Market By Geography, 2024-2031
- Largest
- Fastest
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Global Leavening Agents Market Dynamics
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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Global Leavening Agents Market Competitive Landscape
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.
Top Player’s Company Profiles
- Archer Daniels Midland Co. (US)
- Associated British Foods PLC (UK)
- Cargill, Inc (US)
- Corbion N.V. (Netherlands)
- Kerry Group PLC (Ireland)
- Novozymes A/S (Denmark)
- Puratos Group NV (Belgium)
- Koninklijke DSM N.V. (Netherlands)
- Stern-Wywiol Gruppe GMBH Co. KG (Germany)
- Lesaffre Group (France)
- Lallemand Inc. (Canada)
- Angel Yeast Co., Ltd. (China)
- AB Mauri (UK)
- Bakels Group (Switzerland)
- Kudos Blends Ltd. (UK)
- Oriental Yeast Co., Ltd. (Japan)
- Caravan Ingredients Inc. (US)
- Kerry Bioscience (US)
- Bluebird Grain Farms (US)
- DCL Yeast Ltd. (UK)
Recent Developments
- Lesaffre and Yeap were happy to announce in September 2023 that Lesaffre had invested 10% in Yeap to assist in the completion of the development of a potential new protein ingredient derived from repurposed yeast. Yeap joins Lesaffre as a partner in introducing novel, functional, alternative proteins to the market with this investment.
-
June 2023 Lesaffre, a major participant in the fermentation industry, planned to build a new yeast plant in Brazil in order to increase its footprint there.
- In April 2023, Innophos specialist in leavening agents for the bakery industry launched a non-aluminium alternative to the traditional sodium aluminum phosphate (SALP) for bakers looking to meet the consumer preference for clean label. SALP is leavening acid that reacts with heat to allow baked goods to rise. Baking powders for home use don't typically contain aluminum as they contain levelling ingredients that usually react to moisture rather than heat.
Global Leavening Agents Key Market Trends
- One key market trend in the Global Leavening Agents Market is the increasing demand for clean label and natural ingredients. Consumers are becoming more conscious of the ingredients used in their food products and are actively seeking options that are free from artificial additives and preservatives. This trend is driving the preference for leavening agents derived from natural sources, such as yeast and sourdough starters, which offer a clean label and are perceived as healthier alternatives. Manufacturers are responding to this trend by developing and promoting leavening agents that are natural, organic, and GMO-free, meeting the growing consumer demand for clean label products.
Global Leavening Agents Market SkyQuest Analysis
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 |
|---|---|
| Market size value in 2023 | USD 6.42 billion |
| Market size value in 2031 | USD 8.75 billion |
| Growth Rate | 3.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Leavening Agents Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Leavening Agents Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
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.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
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.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Leavening Agents Market Report Snapshots
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