Baking Powder Market: Changing Consumer Preferences and Growth of Bakery and Foodservice Industries Drive Demand Forecast (2023-2029)

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.
Baking Powder Market Overview:
Baking powder, made up of baking soda, cornstarch, and cream of tartar, is a powdered leavening agent commonly used in baking. Baking powder plays a vital role in various bakery items like bread, tarts, pies, pastries, biscuits, and cakes. High-quality baking powder is essential for enhancing the flavour, colour, and texture of baked goods. The demand baking powder market has continued steady in recent years, even with customer preferences shifting towards healthier food options. Baking powder continues to be widely used in the food processing industry. As consumer demand for baked goods continues to increase, the global baking powder market is expected to experience growth.

China is the largest baking powder market for baking powder, followed by India and the United States. These three countries account for nearly 52% of the global demand for baking powder. Baked goods are a popular food choice around the globe, and the demand for these products is expected to continue to grow in the coming years. Baking powder is a key ingredient in many baked goods, so the demand for this product is likely to follow the demand for baked goods.
Baking Powder Market Dynamics:
The Global Baking Powder Market dynamics are thoroughly studied and explained in the MMR report, which helps reader to understand emerging market trends, drivers, restraints, opportunities, and challenges at global and regional level for the Baking Powder Market. Some of the driving factors are illustrate below, their detailed explanation is discussed in the report with other supporting.To know about the Research Methodology :- Request Free Sample Report

Booming Bakery Industry:
The booming bakery industry is a significant driver for the baking powder market. As the bakery sector continues to grow, the demand for baking powder as a leavening agent increases.The bakery industry is growing globally, with an increasing number of bakeries, pastry shops, and commercial baking facilities. These establishments heavily rely on baking powder to create light, fluffy, and well-risen baked goods. The higher the production of bakery items, the greater the demand for baking powder.

Clabber Girl is a prominent player in the baking powder market. It has established itself as a leading supplier of baking powder and related products. With its wide product portfolio, Clabber Girl caters to the needs of the bakery industry, with both commercial and home bakers.

Growing Trend of Ready-To-Eat Food Consumption:
The demand for healthier bread products is on the increase, reflecting the growing trend of ready-to-eat food consumption. Urbanization has played a significant role in fueling the global baking powder market, as city dwellers increasingly opt for fast and convenient food options. This shift in eating habits has created a market demand for health-conscious bakery products.As consumers become more health-conscious, there is a growing preference for bakery items that promote wellness. High-fiber bread, nutrition bars, and breakfast cereals are sought after as part of a balanced diet, and baking powder is a key ingredient in producing these health and wellness-oriented food products. This has contributed to the increased demand for baking powder.

The convenience-driven lifestyle has led to a greater reliance on ready-to-eat foods like pizzas, donuts, hamburgers, and cakes. This trend towards consuming quick and easy food options has resulted in a global surge in the demand for baking powder, as it is an essential ingredient in the preparation of these popular convenience foods.

Rising Penetration of Baking Powder in Developing Countries: 
The baking powder market is expected to grow in developing countries, thanks to the rising penetration of baking powder in these countries. The growing disposable incomes and changing lifestyles of consumers in developing countries are driving the demand for baked goods, which is in turn driving the demand for baking powder market.

Collaboration With Bakers & Food Service Providers: 
Collaborating with professional bakers, pastry chefs, & food service providers can provide opportunities for baking powder manufacturers to showcase their products and gain credibility in the industry. Partnerships can include joint product development, recipe collaborations, and promotional activities, which can help increase market reach and build brand awareness.

Baking Powder Market Faces Several Challenging Factors, Including:

The price of raw materials used in the production of baking powder can fluctuate, which can impact the cost of the product.

Consumer preferences for baked goods are constantly changing. This can make it difficult for manufacturers to predict demand and develop products that will appeal to consumers.

The baking powder market is highly competitive, with numerous manufacturers and brands vying for market share.

Baking powder manufacturers must comply with strict regulations and standards set by food safety and regulatory authorities.

Food safety protocols are overseen by various international organizations such as the National Food Safety and Quality Service (SENASA), the Canadian Food Inspection Agency (CFIA), the United States Food and Drug Administration (FDA), the World Health Organization (WHO), and the Committee on the Environment, Public Health, and Food Safety (EU). These organizations exert direct or indirect control over the utilization of diverse chemicals and materials involved in food production, ensuring compliance with safety standards.
Baking Powder Market Competitive Landscapes:
Baking Powder Market is highly competitive, with various market players offering a range of solutions and services to address the increasing threat landscape. Major industry participants are pursuing a number of both organic and inorganic growth strategy in to expand their product and service portfolios and strengthen their market position in the global market.

For example, In Jan 2023, BASF has declared an investment in the capacity growth of polymer dispersions at its production site in Merak, Indonesia. The growth is in line with the rising trend of high-quality packaging in ASEAN where key paper & board producers are located.
Baking Powder Market Segment Analysis:
Based on Product Type, the tartrate segment held the highest share of nearly 30% in 2022 owing to tartrate is a salt of tartaric acid that is regularly used to stabilise baking powder. Tartrate serves as a preventive agent, ensuring that the components of baking powder do not clump, separate, or react prematurely. Its inclusion in baking powder leads to a more uniform leavening process, thereby enhancing the consistency of baked goods. Moreover, certain types of wines utilize this particular tartrate during their production.

Based on Application, Bread segment held the largest Baking Powder Market share in 2022. Consumers are displaying a growing inclination towards protein-rich products, including pastries, pizzas, cakes, rolls, and donuts. Bakery items have become staple foods in many regions. As the consumption of protein-rich bakery products continues to rise, there is a corresponding increase in the demand for bakery ingredients. In addition, bakery outlets are focusing on creating innovative products, particularly bread with various Flavors, to align with the health preferences of consumers. Thanks to the strong demand for bakery products, the bread segment is expected to experience significant market growth throughout the forecast period.

Baking Powder Market Regional Insights:

Asia-Pacific is the global leader in Baking Powder Market:
In 2022, The Asia Pacific Baking Powder Market held the highest share of nearly 41%. This growth is attributed to the growth of the food service industry as well as the growing of bakeries throughout high potential areas. As eating habits shift, consumers in the region are increasingly inclined to invest in breads, cookies, and pastries. Considering these factors, the Asia Pacific region is expected to emerge as a significant market for baking powder. However, the outbreak of the novel coronavirus has adversely affected the region, resulting in a slowdown in growth. Nevertheless, as normalcy gradually returns to public life, sales are projected to increase once again.

North America to Retain Lead through 2029:
North America is expected to have the highest CAGR of 8.21% over the forecast period, thanks to baking powder likes a thriving baking powder market in North America.The region's substantial demand for processed and packaged foods is expected to drive the growth of the baking powder market. However, the market growth may encounter obstacles owing to stringent regulations governing the usage of certain baking ingredients in some countries.

Baking Powder Market Country-wise Insights:
The baking powder market in Asian countries such as China and India are experiencing significant impacts from factors like rapid urbanization, evolving consumer preferences, and the growing popularity of Western-style baked goods. As more consumers in these regions embrace Westernized dietary habits, there is a notable increase in the demand for baking powder in the production of bread, cakes, and pastries. This trend reflects the shifting culinary preferences and the integration of Western baking techniques into the local bakery industry.

In the US, baking powder is a commonly used ingredient in a wide range of bakery products, making it a significant baking powder market manufacturer. The country's strong baking culture, consumer preference for convenience foods, and the presence of a well-established food processing industry contribute to the steady demand for baking powder.

In European economies like Germany, France, and the UK, traditional bakery items hold social significance, and baking powder is widely utilized in the production of bread, pastries, and cakes. These countries have a well-developed bakery sector, which drives the demand for baking powder market.

South American countries like Brazil have a rich cooking heritage that includes various baked goods. Baking powder plays a crucial role in achieving the desired texture and leavening in these traditional and popular bakery products. The growing urban population, along with the growing middle class, contributes to the increasing demand for baking powder in this country.

Baking Powder Market Recent Development:

The MMR reports cover recent developments in the Baking Powder Market as organic and inorganic growth strategies. VariousBaking Powder Market companies are focusing on organic growth strategies such as product launches, product approvals and others like patents and events.

In 2023, Caravan Ingredients Inc. launched a new baking powder product that is made with a blend of baking soda and cornstarch. This product is designed to be more stable than traditional baking powder, and it is also free of gluten and aluminum.
Baking Powder Market Scope: Inquire before buying



Global Baking Powder Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 3.65 Bn.


Forecast Period 2023 to 2029 CAGR:
7.66 %
Market Size in 2029:
US $ 6.12 Bn.


 Segments Covered:
by Product Type
Phosphate-based
Phosphate-free
Aluminum-based
Aluminum-free
Anhydrous Phosphate
Sodium Aluminum Sulfate Phosphate
Tartrate
Others


by End-User
Cafes
Home/Residential
Bakery
Restaurants
Other End Users


by Application
Bread
Biscuits & Cookies
Cakes & Pastries
Pancakes
Muffins
Rolls & Pies
Waffles
Others



Baking Powder Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players
The captured list of leading manufacturers of Baking Powder industry has been compiled after an analysis of multiple factors. It is not an exhaustive list based only on market share ranking. After a regional analysis, a competitive analysis and other such considerations, the company profiles were selected based on a variety of factors. The comprehensive report contains information on the position of each company in the Baking Powder market from local and global perspective.
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

FAQs:
1] What segments are covered in the Global Market report?
Ans. The segments covered in the Baking Powder report are based on Product Type, End user, Application and Region.

2] Which region is expected to hold the highest share in the Global Market during the forecast period?
Ans. North America region is expected to hold the highest share of the Baking Powder Market during the forecast period.

3] What is the market size of the Global Baking Powder by 2029?
Ans. The market size of the Baking Powder by 2029 is expected to reach US$ 6.12 Bn.

4] What is the forecast period for the Global Baking Powder Market?
Ans. The forecast period for the Baking Powder Market is 2023-2029.

5] What was the market size of the Global Baking Powder in 2022?
Ans. The market size of the Baking Powder in 2022 was valued at US$ 3.65 Bn.