The market for baking soda Substitute was valued at US$ 4.1 billion in 2022, and it is predicted that it will expand to US$ 7.5 billion by 2033, with a CAGR of 6.1% from 2023 to 2033. The demand for premixes for different bakery goods is expanding, which has caused people to pay more attention to healthier options such as alternatives to baking soda.
A crucial element used to lengthen the shelf life, increase flavor, and improve texture is baking soda alternative. The demand for baking soda substitutes is anticipated to increase as people become more aware of the harmful effects of baking soda on well-being and the need for natural alternatives. The need for baking soda substitutes is expected to rise due to the boom in the baking sector. Consumer appetite for ready-to-eat bakery products has increased as a result of factors such as urbanization, changes in lifestyles, the rise in nuclear families and the growing number of working women, the impact of western culture, etc. This has drawn consumers’ attention to healthier alternatives to baking soda.
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When making a variety of bakery items, the baking soda alternative is a crucial component that is needed to enhance the taste, appearance, volume, shelf-life, and other aspects of the finished product. The demand for baking soda alternatives has increased due to growing knowledge of the negative health consequences of baking soda and rising levels of bakery product consumption. Factors as these are likely to boost the global market during the forecast period.
Key Takeaways from the Market Study
- Sales in the global market for baking soda alternatives increased significantly between 2018 and 2022, achieving a CAGR of 5.5%.
- In 2022, baking powder will represent 45.5% of the market for baking soda alternatives.
- In 2023, it is anticipated that online sales will represent 40.2% of total sales, growing at a 5.5% CAGR during the projected period.
- The market for baking soda alternatives in North America accounted for 45.7% of the worldwide market in 2022.
- In 2022, 21.5% of the worldwide market share for baking soda alternatives was held by the United States.
- In 2022, the India baking soda substitute market was worth US$ 428 million, or around 18.5% of the worldwide baking soda substitute industry.
“The baking soda substitutes boost volume, increase taste and texture, and lengthen the shelf life of baked goods, which is a significant driver of the global baking soda substitute market,” remarks an FMI analyst.
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Competitive Landscape
Prominent players in the baking soda substitute market are:
- BHS Specialty Chemical Products
- Bob’s Red Mill Natural Foods
- Archer Daniels Midland Co.
- Cargill, Inc.
- Weikfield Products Co. Pvt. Ltd
- Corbion N.V.
- AB Mauri
- Koninklijke DSM N.V.
- Lesaffre et Compagnie
- Lallemand Inc.
- Kudos Blends Limited
- Associated British Foods PLC (ABF)
Major market rivals are focusing on mergers and acquisitions to expand their product offerings and increase their manufacturing capacity and to better fulfill consumer demand. Several significant developments in the market for baking soda alternatives include:
- One of the global leaders in nutrition solutions supported by research, ADM, said in 2023 that it had constructed an additional manufacturing plant in Valencia, Spain, in order to address the growing demand for postbiotics, probiotics, and other goods that promote health and wellbeing. The manufacturing plant represents an expenditure of more than $30 million along with an increase in production capacity of over five times, to 50 metric tons annually, for ADM.
- The facility will enable ADM to offer probiotics and postbiotics to expanding markets in the Americas, the Pacific Rim, and Europe. ADM anticipates that its client base will more than treble over the following five years as more individuals become aware of the connections between the gut microbiota and other aspects of health and search for solutions suited to their individual needs.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global baking soda substitute market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the baking soda substitute market, the market is segmented on the basis of form, product type, end-use application, and sales channel across seven major regions.
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Key Segments Profiled in the Baking Soda Substitute Market
By Form:
- Powder
- Liquid
By Product Type:
- Baking Powder
- Potassium Bicarbonate
- Yeast
- Eggs
- Others (e.g. Ammonium bicarbonate, etc.)
By End-Use Application:
- Household
- Foodservice
- Food Industry
By Sales Channel:
- Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
- Online Sales Channel
- Company Website
- E-commerce Platform
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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