The demand within the food raising agents market has been increasing because of the rising popularity of tortilla and breads. Bread producers mainly focus on making low carbohydrate breads and adding wheat fiber and wheat protein. With introduction of new bread products, the demand for the food raising agents will also increase in upcoming years. New product development in confectionery and bakery sector with new nutritional ingredients and flavors is expected to accelerate market growth.
According to Data Bridge Market Research the Food Raising Agents Market accounted for USD 37.0 billion in 2021, and expected to reach USD 47.97 billion by 2029. The market is expected to grow with a CAGR of 3.30% in the forecast period of 2022 to 2029.
“Growing Investment in Production of Biological and Natural Food Raising Agents”
The major market players in food raising agents market are progressively investing in the production of biological and natural food raising agents to prepare clean-label baked and confectionary products. Yeast is widely used as a biological raising agent in the food sector. The demand for instant dry yeast, active dry yeast and fresh yeast is increasing for use in baked goods. Leaven is also a natural food raising agent made using mixture of water and flour and is also gaining popularity in the global. Stiff leaven and Liquid leaven are two types of leaven widely used in various products. Furthermore, growing consumer preference for organic and natural baked products is expected to increase the demand for biological and natural raising agents in the food raising agents market.
What restraints the growth of Food Raising Agents Market?
“Increasing emergence of substitutes”
With the emergence of substitutes such as egg and lemon juice alternatives, the demand for the food raising agents is expected to decrease. Buttermilk, vinegar, sour milk, plain yogurt, cream of tartar, whipped egg whites, molasses, self-rising flour and club soda are some of the substitutes which are used in baked products at place of baking powder. Most of the above mentioned substitutes are selected on the basis of flavor of final baked good. For instance, molasses has wide application in sweet desserts and other confectionary products due to its sugary flavor. Therefore, increasing emergence of substitutes is expected to hamper the market growth.
Segmentation: Food Raising Agents Market
The food raising agents market is segmented on the basis of type, application and sales channel.
- On the basis of type, the food raising agents market is segmented into baking soda, baking powder, organic agents, cream of tartar, others.
- Based on application, the food raising agents market is segmented into bakery products, biscuits and crackers, confectionery products, fried food products, others.
- On the basis of sales channel, the food raising agents market is segmented into direct sales and wholesalers, modern grocery retailers, independent grocery retailer, non-store retailers.
Regional Insights: North America is expected to dominate the Food Raising Agents Market
North America is expected to dominate the market and is expected to grow significantly owing to the factors such as high consumption of nutritious food products such as bread among people. Furthermore, increasing trend of ready-to-eat foods and a large network of state-of-the-art retail channels will further boost the market growth of food raising agent in this region.
In addition, the Asia-Pacific region is likely to register highest growth rate during the forecast period of 2022 to 2029 due to increasing the living standards of people in this region. The growing economic affluence of nations such as China and India bringing millions of peoples out of impoverished conditions. Furthermore, an increasing network of top-notch retail channels such as offline and online is another factor that will support the market growth in this region.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-food-raising-agents-market
Recent Developments in Food raising agents Market
- In 2021, Angel yeast, a China-based yeast manufacturing company, successfully acquired with Shandong Bio Sunkeen Company. With this acquisition, Angel Yeast made around $15.4 million payment. Furthermore, this acquisition was also strengthening the manufacture activities of Angel yeast.
- In 2020, McCormick & Company which a United States-based well-known food company has announced their acquisition with FONA International, Illinois-based food and beverage company. McCormick bought a 100 percent controlling stake in FONA International. Moreover, a payment of around $710 million was made to close the process.
The Prominent Key Players Operating in the Food Raising Agents Market Include:
- Novus International (U.S.)
- DSM (Netherlands)
- Kerry Group plc (Ireland)
- Chr. Hansen Holding A/S (Denmark)
- Lallemand Inc. (Canada)
- Angel yeast Co., Ltd (U.S.)
- Lesaffre (France)
- AB Mauri (U.K.)
- Laffort (France)
- Alltech (U.S.)
- Imperial yeast (U.S.)
- DCL Food Distributors (U.K.)
- Agrano GmbH and Co. KG (Germany)
- UNIFERM GmbH and Co. KG (Germany)
Above are the key players covered in the report, to know about more and exhaustive list of Food raising agents Market companies contact, https://www.databridgemarketresearch.com/reports/global-food-raising-agents-market
Research Methodology: Global Food Raising Agents Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
