Published: Nov, 2015
Transparency Market Research has published a new report on the global baking powder market. According to the new report, the global baking powder market is expected to expand at a 5.30% CAGR during the period between 2013 and 2019. The report, titled ‘Baking Powder Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019’, states that the global baking powder market was valued at US$2.3 bn in 2012 and is expected to reach US$3.3 bn by 2019.
Browse the full Baking Powder (Phosphate, Anhydrous Phosphate, Sodium Aluminum Sulfate Phosphate, Tartrate, Aluminum-free, Phosphate-free& Others) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 report at https://www.transparencymarketresearch.com/baking-powder-market.html
Baking powder is one of the important leavening agents used in a wide variety of baked products. The rapidly expanding food industry and fast food market will propel the global baking powder market in the coming few years. Baking powder includes acid, base, filler, and a neutral stabilizer such as corn or potato starch. In the food industry, baking powder is used as a raising element. The main reason behind using baking powder is to make sure that the lightness and fluffiness of food products is maintained. The level of acidic salt contained in the baking powder defines its variant. The most commonly used baking powders are prepared from weak acids including sodium aluminum sulfate and monocalcium phosphate.
The manufacturers of baking powder in the global baking powder market offer single action baking powder and double action baking powder. Double action baking powder contains slow and fast acids, whereas single action baking powder contains only one of the two acids.
The global baking powder market is segmented on the basis of geography and product type. By products, the global baking powder market is classified into aluminum free, tartrate, anhydrous, phosphate, phosphate free, and sodium aluminum sulfate-phosphate. The tartar-based baking powder segment dominated the global baking powder market in 2012 with the highest market share of 30.4%. The tartar-based baking powder segment is expected to maintain its dominant position by 2019 due to its rising demand.
By geography, the global baking powder market is classified into North America, Europe, Asia Pacific, and Rest of the World. In 2012, Asia Pacific and Europe collectively accounted for 65% of the market. Rapid growth of the population in urban areas and increasing demand for fast food is expected to propel the Asia Pacific and Europe markets for baking powder during the forecast period. Availability of substitutes for baking powder in the food industry can be one of the major threats for the global baking powder market throughout the forecast period. Some of the leading companies operating in the global baking powder market are Kraft Foods Group Inc., AB Mauri, Ward McKenzie Pty Ltd., Weikfield Products Private Limited, Eagle International, Clabber Girl Corporation, ACH Food Companies Inc., The New England Cupboard, Kudos Blends Limited, Blue Bird Foods India Pvt. Ltd., Hansells Food Group Limited, and Caravan Ingredients, Inc. Growth of the hotel and food industries is expected to drive the global baking powder market steadily.
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