Baking Powder Market Overview
The Baking Powder market research report analyzes strategies, micro and macro market trends, pricing, short-term market conditions, and key players. The report also delves into upcoming trends that are expected to shape the evolution of the Baking Powder market.
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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Baking Powder Market Report Scope and Research Methodology
The report offers a comprehensive analysis of the global Baking Powder market, encompassing growth patterns, evaluations of competitive landscapes, and the developmental status across regions. It delves into various key players, covering aspects like import/export dynamics, supply-demand equilibrium, cost structures, pricing patterns, revenue streams, and profit margins.
The research methodology employed a meticulous examination of numerous factors influencing the Baking Powder sector. These factors include governmental policies, the competitive scenario, historical data, prevailing market trends, technological advancements, emerging innovations, and advancements in related industries. The SWOT analysis was leveraged to ascertain the strengths and weaknesses of key players within the Baking Powder sector.
Baking Powder Market Regional Insights
The Baking Powder market research report features company profiles from diverse regions, providing insights into their business strategies and statistical data. The dynamics and size of the Baking Powder market have been analyzed comprehensively at the local, regional, and global scales.
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Baking Powder Market Segmentation:
As a result of tartrate—a salt of tartaric acid that is frequently used to stabilize baking powder—holding the largest share of the product type market in 2022, with a close to 30% share. As a preventive measure, tartrate makes sure that the ingredients in baking powder don't bunch together, split apart, or react too soon.
by End-User
Cafes
Home/Residential
Bakery
Restaurants
Other End Users
In terms of market share for baking powder, the bread sector dominated in 2022. There is an increasing trend among consumers to choose food high in protein, such as cakes, pizzas, pastries, rolls, and donuts. In many areas, baked goods have become staple foods.
by Application
Bread
Biscuits & Cookies
Cakes & Pastries
Pancakes
Muffins
Rolls & Pies
Waffles
Others
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Baking Powder Key Competitors:
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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