Baking Powder Market Overview
Maximize Market Research's most recent report on the Baking Powder Market for the years 2024-2030 provides valuable insights into market competitors. The report conducts a comprehensive analysis of the market, exploring essential business insights through an in-depth examination of the market's value chain structure, geographical aspects, applications, and anticipated market size throughout the forecast period.
Market Value :
Global Baking Powder Market size was valued at USD 3.65 Billion in 2022 and the total Baking Powder Market is expected to grow at a CAGR of 7.66 % from 2023 to 2029, reaching nearly USD 6.12 Billion.
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Scope and Methodology of the Baking Powder Market Report:
The Baking Powder Market report aims to provide insights into market size, segment analysis, regional considerations, and industry competition. Employing a bottom-up approach, the report estimates and forecasts market growth, offering a detailed examination of key players' revenue performance. It covers a comprehensive analysis of the Baking Powder Market at global, regional, and local levels, identifying factors that influence, drive, and challenge market growth during the forecast period.
Regional Insights:
North America emerged as the dominant region in the Baking Powder market in 2022, primarily due to the presence of market leaders. Europe and Asia Pacific are witnessing rapid growth, driven by technological advancements in these regions.
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Segmentation of the Baking Powder Market:
by Application
Bread
Biscuits & Cookies
Cakes & Pastries
Pancakes
Muffins
Rolls & Pies
Waffles
Others
Based on Product Type, the tartrate segment had the highest share of nearly 30% in 2022, owing to tartrate being a salt of tartaric acid that is commonly used to stabilize baking powder. Tartrate acts as a preventive agent, ensuring that the baking powder ingredients do not clump, separate, or react prematurely.
by End-User
Cafes
Home/Residential
Bakery
Restaurants
Other End Users
Bread accounted for the largest Baking Powder Market share in 2022. Consumers are showing an increasing preference for protein-rich products such as pastries, pizzas, cakes, rolls, and donuts. Bakery items have become staples in many communities. As the consumption of protein-rich bakery products increases, so does the demand for bakery ingredients.
Key Players in the Baking Powder Market:
1. Archer Daniels Midland
2. John Pointon & Sons Ltd.
3. Koninklijke DSM N.V.
4. Kemin Industries Inc.
5. BASF
6. Omega Protein Corporation
7. Cargill Incorporated
8. Darling Ingredients Inc.
9. Ingredion Incorporated
10. Dow Du Pont Inc.
11. Weikfield Products Private Limited
12. ACH Food Companies Inc
13. Davis Baking Powder
14. Caravan Ingredients Inc
15. Clabber Girl Corporation
16. Others
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Key questions answered in Baking Powder Market are:
What is Baking Powder Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Baking Powder Market?
Which factors are the lucrative opportunities for the Baking Powder market growth?
Which factors are limiting the scope of the Baking Powder market?
How is the intervention from regulatory authority shaping the Baking Powder Market?
What growth strategies are the key players considering to increase their presence in the Baking Powder Market?
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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