Transparency
Market Research (TMR) has recently published a research study on the
global
baking powder market and estimated it to rise at a CAGR of 5.30%
during the period from 2013 to 2019. The market is expected to
increase from a value of US$2.3 bn in 2012 to a value of US$3.3 bn by
the end of the forecast period.The research report, titled “Baking
Powder Market - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast, 2013 - 2019,” states that the rising demand for fast
food across the world is the key factor behind the impressive growth
of the worldwide baking powder market.
On
the flip side, the easy availability of alternatives, such as baking
soda, is hampering this market significantly. The increasing
incidence of adverse effects of baking powder reported by consumers
is also expected to hinder the market’s growth in the coming years,
notes the study.The report has analyzed the global market for baking
powder on the basis of the products available in the market.
Phosphate-based baking powder, sodium aluminum sulfate
phosphate-based baking powder, anhydrous phosphate-based baking
powder, tartrate-based baking powder, phosphate-free baking powder,
and aluminum-free baking powder are the major products in this
market.
The
tartar-based baking powder segment accounted for a share of 30.4% in
the overall market, occupying the leading position in 2012. Experts
anticipate this segment to maintain its lead throughout the forecast
period, owing to the rise in the demand for tartar-based baking
powder from bakeries in order to meet the demand of consumers for
healthy bakery food products, states the report.
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a Brochure of this Report :
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The
global baking powder market has also been studied on the basis of its
regional spread. North America, Europe, Asia Pacific, and the Rest of
the World are the main regional markets for baking powder across the
world. Asia Pacific emerged as the largest baking powder market among
all the regions in 2012.
Collectively
with Europe, it occupied a share of approximately 65% in the overall
market. The rapid increase in the urban population in these regions
has boosted the demand for fast food, which has resulted in the
increased requirement of baking powder. This factor has fueled the
market for baking powder in Europe and Asia Pacific, says the report.
Analysts
at TMR expect the baking powder markets in North America and the Rest
of the World to witness moderate growth in their market shares.
ACH
Food Companies Inc., Caravan Ingredients Inc., Clabber Girl Corp.,
Eagle International, Weikfield Products Private Ltd., Hansells Food
Group Ltd., Blue Bird Foods India Pvt. Ltd., Kudos Blends Ltd., Ward
McKenzie Pty Ltd., AB Mauri, Kraft Foods Group Inc., and The New
England Cupboard are some of the major players in the global baking
powder market, states the research study.
The
global baking powder market is segmented into:
By
Products
- Phosphate-based Baking Powder
- Anhydrous Phosphate-based Baking Powder
- Sodium Aluminum Sulfate Phosphate-based Baking Powder
- Tartrate-based Baking Powder
- Aluminum-free Baking Powder
- Phosphate-free Baking Powder
- Others
By
Region
- Europe
- North America
- Asia Pacific
- Rest of the World
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