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

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).

The competitive landscape of the 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. '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)'

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.

One key market trend in the 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.

Europe is the dominating region in the 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.