Global Baking Powder Market foreseen to reach USD 17 billion by 2025

1. Global Baking Powder Market foreseen to reach USD 17 billion by 2025 Market overview: The global Baking Powder Market was worth USD 13 billion in 2019, and it is estimated that it will reach a valuation of USD 17 billion by 2025 at a CAGR of 5.4% during the conjecture period. Baking powder is an essential ingredient used in the processing of bakery products such as breads, pies, cakes, pastries, cookies, and cakes. Good quality baking powder is considered essential to improve the color, flavor and texture of baked goods. As a result, the demand observed in the market has remained constant during the last years. Baking powder is a type of powder specially designed to be used in the preparation of baking products such as cookies, breads, cakes, etc. It is usually a combination of a weak acid and a carbonate or bicarbonate salt. Market Drivers and Restrains: The driving forces in this market include a greater propensity for ready-to-eat foods and taking a healthy approach to bakery products. This market can find growth opportunities through the differentiation of innovative products. Changes in eating habits have led to an increase in the consumption of fast food by the urban population. Urbanization, along with the trend to consume ready-to-eat foods, has driven demand in the world market for baking powder. Additionally, the preference for health and wellness-focused bakery products has led to the growth of the overall market. Since baking powder is nothing more than baking soda premixed with acidic ingredients, baking powder is likely to be replaced by baking soda in many food manufacturers to slow market growth. Baking soda is alkaline in nature and must be mixed with an acidic liquid like vinegar to release carbon dioxide. Manufacturers are focusing on baking powder innovation to deliver product differentiation that will pave the way for the market during the forecast period. Other factors such as increased demand for convenience foods, increased prevalence of trans fats and gluten-free products, increased demand for organic baking ingredients, increased interest in reducing costs and improving quality and shelf life will also drive demand for baking powder in the forecast period. Changes in people's lifestyles are expected to enhance market growth. The use of baking soda as a substitute for baking powder will have a negative impact on the global baking powder market. The availability of substitutesand side effects of using baking powder are hindering the expansion in this market.

2. To know more read: https://www.marketdataforecast.com/market-reports/baking-powder-market Report is segmented as: Depending on the type of product, this market can be segmented into Anhydrous Phosphate, Phosphate, Tartrate, Sodium Aluminum Phosphate, Phosphate Free, Aluminum Free, etc. The applications of the baking powder market include biscuits and cookies, breads, rolls, cakes and pastries, etc. Geographical Segmentation: The global baking powder market is divided into four main regions, namely Asia Pacific, Europe, North America and other regions. Asia Pacific and Europe represent around 65% of the total market. Asia Pacific has become an important market region due to changing consumer behavior and increasing consumption of fast food in the region. The global market for baking powder will be driven by a growing urban population in Asia Pacific in the future. North America and Europe are also very profitable markets for baking powder. Both regions are expected to benefit from the expansion of the bakery powder market due to the significant demand for packaged and processed food products. Impact of COVID 19 on Baking Powder Market Demand for processed and packaged foods will increase as COVID-19 strengthens the bond around the world. In the midst of an ongoing crisis, consumers have developed unique behavior when storing products that they consider essential. As a result, foods with a longer shelf life are preferred as consumers observe long-term self-isolation. Key market players: The key players in this market are ACH Food Companies, Inc., Weikfield Products Private Limited, Blue Bird, Clabber Girl Corporation, and Calumet Baking Powder Company. View sample and decide: https://www.marketdataforecast.com/market-reports/baking-powder-market/request-sample Scope of the report:

3. The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/