Transparency
Market Research has published a new market study on the global
baking powder market for the 2013-2019 period. The report says
that the global baking powder market will rise at a CAGR of 5.3% from
2013 to 2019. As a result, the market’s valuation is expected to
increase from US$2.3 bn in 2012 to US$3.4 bn by 2019. The report,
titled “Baking Powder Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast, 2013 - 2019,” is available for
sale on the company’s website.
Baking
powder is a dry chemical leavening used in a large number of baked
goods. It is a mixture of baking soda, a dry acid, and sometimes
cornstarch, and is used to increase the volume and lighten the
texture of baked goods.
One
of the major factors propelling the growth of the global baking
powder market is the burgeoning food and fast food markets. The
increasing consumption of baked foods directly affects the
performance of the global baking powder market. The food industry
utilizes baking powder as a raising agent to impart fluffiness and
lightness to products such as cakes, waffles, tarts, pastries, etc.
However, the rising awareness about the health implications of baking
powder, if consumed for prolonged periods of time, is the biggest
challenge for manufacturers presently.
The
report studies the global baking powder market in terms of product
and geography. By product, the segments of this market are tartrate,
aluminum-free, phosphate-free, phosphate, sodium aluminum sulfate
phosphate, anhydrous phosphate, and others. The tartrate segment held
the highest share of 30.4% in the global market in 2012. This segment
is expected to maintain its dominant position over the forecast
period due to an increased preference for healthy baked foods.
Phosphate-based baking powder is also a major product segment of the
baking powder market; the segment held a share of 24.5% in the global
market in 2012. Anhydrous phosphate and
sodium-aluminum-phosphate-based baking powder collectively held a
share of 28.65% in the global market in 2012.
View
exclusive Global strategic Business report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1423
Geography-wise,
the report segments the global baking powder market into four broad
regions, namely North America, Asia Pacific, Europe, and Rest of the
World. In 2012, Asia Pacific dominated the global baking powder
market due to the upsurge in the population of urban regions and the
changing food habits in the region. Europe and Asia Pacific together
held a share of 64.8% in the global market for baking powder in 2012.
In
developed countries such as the U.S., the historically stable rate of
economic growth has ensured that further urbanization will not make a
significant impact on the baking powder market, particularly when
compared to countries such as India and China.
The
report also analyzes top players in the global baking powder market,
which are Kraft Foods Group Inc., AB Mauri, Ward McKenzie Pty Ltd.,
Weikfield Products Private Limited, Eagle International, Clabber Girl
Corporation, The New England Cupboard, Kudos Blends Limited, Blue
Bird Foods India Pvt. Ltd., Hansells Food Group Limited, Caravan
Ingredients Inc., and ACH Food Companies Inc.
The
segmentation of the global baking powder market is as follows:
Segmentation
of Global Baking Powder Market, by Product
- Tartrate,
- Aluminum free
- Phosphate free
- Phosphate
- Sodium aluminum sulfate phosphate
- Anhydrous phosphate
- Others
Segmentation
of Global Baking Powder Market, by Geography
- North America
- Asia Pacific
- Europe
- Rest of the World
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