The Leavening Agents market is valued at USD 6.4 Bn in 2022 and is projected to grow at a CAGR of 4.4% during the forecast period, to reach a value of USD 9.8 Bn by 2032. Newly released data from Future Market Insights market analysis shows that global Leavening Agents demand is projected to grow year-on-year (Y-o-Y) growth of 2.9% in 2022.
2017-2021 Leavening Agents Market Outlook Compared to 2022-2032 Forecast
The market grew with a CAGR of 4.1% between 2017 and 21 as one of the key components and the ingredient with a significant market share in the market for baking ingredients is a leavening agent. By causing mixes to release gases, leavening agents are primarily utilized in batters and doughs to produce baked goods with absorbent structures.
Baking soda, baking powder, active dry yeast, sourdough starter, handmade potash, potassium bicarbonate, and baker’s ammonia are among the several leavening agents that can be used. Baking soda, baking powder, and active dry yeast all contribute significantly to the pie’s overall flavor.
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High Demand for Processed Food Driving the Leavening Agent Market
The expanding market for processed baked goods is what is driving the demand for leavening agents globally. The market for leavening agents is becoming increasingly demanding due to changing lifestyles and rising health consciousness. To ensure that the food product contains the right amount of carbon dioxide, the ratio of acid to the leavening agent must be matched.
Given that the Asia Pacific, the Middle East, and Africa are regions that are rapidly expanding, there is numerous potential for the market expansion of leavening agents. The companies competing in this market have been conducting in-depth research and development to create new leavening agent-related products for the food and beverage industry.
Additionally, during the projection period, the market expansion would be aided by rising healthcare costs and rising disposable income. There is an increasing need for wholesome meals as the working population grows. As a result, the industry is anticipated to experience significant expansion. The market for leavening agents is also rising as people’s worries about leading healthier lives expand, as their use in food products provides several functional advantages.
Country-wise Insights
US to Uplift Demand for Magnesium Stearate
With the rising consumer demand for processed bakery food products in nations like the U.S. and Canada, North America is predicted to experience considerable growth in the worldwide leavening agents market.
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Europe’s demand for Leavening Agents to fuel the Market Growth
With strong demand in the U.K. and Germany, Europe contributed the most to the global market in 2022, holding over 30% of the market. Additionally, the growing spending power of customers in this region for bakery goods will fuel category expansion. Additionally, the use of meal replacements made from functional food items is growing as they tend to meet consumers’ needs for both energy and nutrition. Leavening Agents are commonly employed in the food sector as a result of rising consumer knowledge and greater internet usage.
Category-wise Insights
Application of Leavening Agents in the global market
Due to the rising demand for baked products, Bakery made up the largest portion of the global market revenue in 2022, accounting for around 66.8% of it. The market for food leavening agents is being driven by the expansion of the baked goods industry. Future trends in lifestyle change and rising health consciousness will make the market for food-leavening agents more competitive.
Due to rising demand, personal and health care will rise at the fastest rate during the forecast period. Other factors influencing the segment’s growth include increased disposable incomes, rising demand for personal and health care items, and adaptability to healthier lifestyles.
Natural source Projected to Grow with High CAGR as Its Demand Grows
Due to the rising demand for the natural ingredient, the natural source is projected to grow with a CAGR of 7.8% during the forecast period. Further, the most widely used natural agent is yeast as changes in consumer food habits and increasing demand for bakery products are the major factors driving the growth of this segment.
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Leavening Agents Market by Category
By Source:
- Natural
- Synthetic
By End-Use Application:
- Beverages
- Bakery and Confectionery
- Dairy Products
- Dietary Products
- Personal Care and Cosmetics
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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