Published on : Jun 19, 2017
Albany, New York, June 19, 2017: The global baking powder market perceived growth in recent years due to growing fast food industry. The sales of baking powder have witnessed a substantial surge over the last couple of years due to the rising demand for fast food products and bakery items such as pastries, cakes and quick instant mixes. As per a recent research study, the global baking powder is anticipated to grow at a significant growth rate over the forecasted period i.e. 2017 to 2021. To analyze the market trends and growth factors of the estimated growth, analysts have studied the global market and prepared a new study, which is titled as “Global Baking Powder Market Research Report 2017”. This study is now a part of the mega-repository of Market Research Hub’s research offerings.
Geographically, the report contains a brief regional analysis of global baking powder market by segmenting it into six broad regions, such as North America, Japan, Europe, Southeast Asia, China and India. For each region, market size of the baking powder is analyzed and provided with production, consumption, revenue (million USD), market share and growth rate for the time period of 2012-2022.
Baking powder is a dry chemical leavening agent composed of carbonate, inert fillers and weak acid. It is generally used for increasing the volume of baked goods. The most commonly used baking powders are those which are prepared from weak acids including sodium aluminum sulfate and monocalcium phosphate. In this study, the report has segmented the market on the basis of product type and major applications. Major product type of baking powder analyzed in the report are Tartar-based baking powder, Aluminum-free baking powder, Phosphate free baking powder and Phosphate-based baking powder. The primary use of baking powder is mainly found in breads such as waffles, cakes, muffins and pancakes to help hold the raised batter until its set while baking.
The study further elaborates a full competitive advantage of the market through factors such as opportunities, growth drivers, and restraints, and their various impacts. Last few years have witnessed a definite shift in the viewpoint of people willing to spend on luxurious items and rely on eating habits that have more traditional taste than convenience food items. As the consumption of baked products rises among people residing in the urbanized areas, the baking powder becomes a necessary ingredient showing high growth across the globe.
Moreover, the report describes the overall competitive landscape in the global market, by profiling major players available in the market, such as ACH Food Companies, Hansells Food Group, Clabber Girl Corporation, Corbion, Eagle International, Blue Bird Foods India, AB Mauri, Ward McKenzie, The Kraft Heinz Company, Weikfield Products Private and Kudos Blends.
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