Leavening Acids: Market outlook
In the global leavening agent industry, the demand of leavening acids is very high owing to its significant effect on the dough characteristic and the final baked goods. Leavening acids are functioning as a chemical leavening agent and leaven or raise the volume of bakery products. The choice of the leavening acids in the bakery products determines the taste, texture and the crumb color, which is the major driver for the consumption of the baked goods. These effects are due to the reaction between the leavening acid and protein component (gluten) present in the dough. These leavening acids act by releasing carbon dioxide, which forms bubbles in the dough and during baking, these bubbles get released leaving behind pores respective to the size of bubbles formed in the dough. In the global leavening agents market, leavening acids is gaining the demand owing to its ability to raise or leaven the dough or batter used in the bakery industries In the global leavening acid market, the demand for leavening acid majority accounts from North America and European market and Europe also accounts to world’s largest producer of leavening acid.
Increasing Demand for Leavening Acids in Food and Beverages
In the global leavening agent market, the leavening agent is also used in the households for baking and in some recipes to enhance the flavor and texture to the recipes. In the Bakery Industry, the demand of leavening agent is growing at a robust growth rate. In the bakery industry, the demand of the leavening agent is used in the baking process of the bakery products such as biscuits, cookies, pies, rolls, cakes, and others. In the food and beverage industry, the bakery industry is a the boom in the developing nations such as India and China, directly increasing the demand of leavening acid. In the global bakery industry, there is tough competition among the manufactures, which force them to frequent product launch in different flavors and texture of the products. Manufacturers are also using different flours in the production line, which are fueling the demand of leavening agent at a different concentration in their products. On the other hand, increasing demand for the natural product among health-conscious consumers is limiting the leavening acid market.
Global Leavening Acids: Market Segmentation
On the basis of source, the global leavening acids market has been segmented as-
- Anhydrous monocalcium phosphate (AMCP)
- Monocalcium phosphate monohydrate (MCPM)
- Citric acid
- Adipic acid
- Tartaric acid, cream of tartar
- Fumaric acid
- Sodium aluminum phosphate (SALP)
- Sodium aluminum sulfate (SAS)
- Others (SAPP, GDL)
On the basis of action, the global leavening acids market has been segmented as-
On the basis of end use, the global leavening acids market has been segmented as-
- Bakery Food Products
- Biscuits & Cookies
- Cakes & Pastries
- Roll & Pies
Global Leavening acids: Key Players
Some of the major players involved in the global leavening acids market are Corbion N.V., Kerry Group, Stern-Wywiol Gruppe GMBH Co. KG., Associated British Foods PLC, Archer Daniels Midland Co. (ADM), Cargill, Inc., Puratos Group NV, PLC, Novozymes A/S, Koninklijke DSM N.V., and others.
Global Leavening acids: Opportunities for Market Participants:
Booming bakery industry is fueling the demand of leavening acids, to enhance the texture and loaf volume. Busy schedule and urbanization lead to increase the consumption of convenient food products in the market. In recent years, the sales of refrigerated batter and dough have gaining the pace which comprises the use of leavening acids. Apart from all the above-mentioned factors, increasing awareness about the leaving acids will also increase the demand for leavening acid in the coming future.
Global Leavening acids Market: A Regional Outlook:-
North America and Europe account for the highest production and consumption of leavening acids and companies like Kerry Group, Stern-Wywiol Gruppe GMBH Co. KG., Associated British Foods PLC are situated there, it can be anticipated that the demand of the leavening acids will increase in the forecast period. In addition, Asia Pacific witnessed a sturdy boom, attributable to growth in population and growing food industries over the past few decades. Increasing urbanization and industrialization in the Middle East and African countries is expected to increase the consumption of leavening acids in the forecast period.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.