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Reports
The global leavening agents market is expected to witness strong growth during the forecast period between 2021 and 2031.
Leavening agents have emerged as one of the key ingredients in production of bakery food products and have been deployed in dough and batters used to produce baked products.
Available in physical and chemical forms, some of the leavening agents which have increased demand include baking powder, baking soda, and sourdough starter.
Rising demand from food and beverage industry is a key growth driver of global leavening agents market.
Also, increasing consumer demand for processed bakery food products is expected to fuel the demand for leavening agents and help create revenue-generating opportunities for leading players in global market, in the years ahead.
In addition to this, increasing demand for nutritional food products is anticipated to fuel the demand for leavening agents, in the years ahead.
Advancements to existing products with deployment of new raw materials to produce leavening agents could lead to increased demand, in future.
Stringent regulations towards the use of leavening agents in food production facilities is expected to fuel product demand and augment the growth in overall leavening agents market, in years to come.
Other factors such as rising disposable income among population sections and rising expenditure on healthcare are also projected to contribute to growth in global leavening agents market, in the coming years.
Biological form of leavening agents are expected to emerge as largest revenue contributor to overall market because of increasing demand for sugar fermentation process in a bid to obtain carbon dioxide in prominent countries worldwide.
Personal and healthcare product segment is expected to emerge as largest revenue contributor to overall market because of increasing demand for leavening agents in manufacturing of personal and healthcare products in leading economies globally.
With prominent presence of well-established market players, competition in overall leavening agents market players is intense. It is expected that well-established players will continue to hold a large share in global market, in the coming years.
Growth strategies such as new product launches could help prominent leavening agents market players in gaining a competitive edge over other players and in generating new revenue streams.
R&D undertakings could be key, revenue-generating growth strategy for leading players in overall leavening agents market, in future.
Other strategies such as signing of collaborative agreements with smaller players could help prominent leavening agents market players in expanding their presence in global market and increasing their revenue.
Some of the leading players in global market include Cargill Inc., Novozymes A/S., Associated British Foods PLC, and Archer Daniels Midland Company.
The global leavening agents market is divided into four regions, namely, North America, Asia Pacific, Europe, and rest of the world.
Europe is expected to emerge as dominant region in global leavening agents market in the coming years because of presence of numerous prominent market players in countries such as the U.K and Netherlands.
North America is expected to witness significant growth in global leavening agents market owing to increasing demand for processed bakery food products among consumers residing in countries such as the U.S and Canada.
Asia Pacific is expected to witness strong growth in overall market in future due to rising purchasing power among customers in both developed and developing countries such as China and India.
Ease of availability of key resources such as land and labor could help prominent leavening agents market players in establishing research and development facilities in Asia Pacific countries, in future.
The rest of the world is expected to witness moderate growth in overall leavening agents market, in the coming years.
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Leavening Agents Market
