Global Food Raising Agents Market – Industry Trends and Forecast to 2029

Market Analysis and Size

The rising demand for food raising agents from end-user industries such as food and beverages is fuelling the market's expansion. Food raising agents has a large market because it is widely used to improve the quality of bakery goods. Due to the increased consumer preference for convenience and packaged food products, the use of compressed food raising agents in the bakery industry is growing at a faster rate.

Data Bridge Market Research analyses that the food raising agents market was valued at USD 37.0 billion in 2021 and is expected to reach the value of USD 47.97 billion by 2029, at a CAGR of 3.30% during the forecast period of 2022-2029.

Market Definition

Raising agents are ingredients that can be added to baked goods to increase their volume and softness. They accomplish this by producing carbon dioxide gas bubbles in a recipe when they interact with moisture, heat, or acidity, causing them to expand during baking. This allows doughs and batters to rise into light, airy cakes, biscuits (cookies), swiss rolls, and other baked goods.

Report scope and market segmentation

Food Raising Agents Market Dynamics

Drivers

• Changing consumer tastes and preferences

Factors such as widespread modernization, sweeping migration (particularly in developing countries), and the prevalence of chronic illnesses due to poor dietary habits, and changing consumer tastes and preferences are the primary factors ensuring the global raising agents market's steady growth. People's living standards have improved as a result of increased migration to cities, where they have better access to resources than in deprived areas. As a result, consumers are increasingly interested in confectionery and bakery items.

• High demand from the bakery industry

The bakery industry was a forerunner in the use of food raising agents as a key ingredient. Breads, rye breads, whole wheat bread, buns, white breads, brown breads, and a variety of other bakery products are in high demand around the world. These dominant factors are driving the market forward.

Opportunity

The revenue index of the global raising agents market is expected to rise in the coming years, owing primarily to the growing popularity of bakery products. Several companies in the food and beverage industry have introduced ancillaries in the baking and confectionary industries. This factor will propel the global market for raising agents forward in the coming years. The rise of urbanisation and Western culture has resulted in an increase in demand for bakery products. Furthermore, demand for food raising agents is being driven by the enrichment of animal feed products and rising alcoholic consumption.

Restraints

However, stringent government regulations for food raising agent’s derivative products are expected to limit the use of food raising agents. On the other hand, the easy availability of better natural and biological alternatives has contributed to a slowing of the rising agent market.

This food raising agents market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the food raising agents market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Food Raising Agents Market

The threatening coronavirus pandemic has had a negative impact on almost all businesses worldwide. Market participants in the global food raising agents market have focused on increasing production of high-quality food raising agents to meet rising demand from health-conscious consumers in the midst of the pandemic. During the first wave of the coronavirus pandemic, market players developed innovative strategies to stay afloat in the business, despite some negative effects on the global food raising agents market such as supply chain disruption. During the coronavirus pandemic, the growing trend and popularity of making baking items at home has greatly increased the sales of food raising agents products. Global manufacturing firms are concentrating their efforts on increasing food raising agents production.

Recent Development

• Lallemand Baking will launch LalFerm, a new brand of fresh bakers Food Raising Agents, in North America in 2019. The new brand provides Bakers with customised Food Raising Agents solutions for their applications (lean dough, sweet dough, rich dough, frozen dough, flexible proofing, Vitamin D rich, etc.
• Angel Food Raising Agents Co. Ltd debuted its new purpose-built Food Raising Agents and biotechnology R&D Center in China in 2018. The new centre has a total area of 36,000sqm and can house up to 1,500 people engaged in R&D and related work, with the goal of transforming the complex into a world-class biotechnology product R&D centre and a leading global Food Raising Agents technology research platform.

Global Food Raising Agents Market Scope

The food raising agents market is segmented on the basis of type, application and sales channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Baking Soda
• Baking Powder
• Organic Agents
• Cream of Tartar
• Others

Application

• Bakery Products
• Biscuits and Crackers
• Confectionery Products
• Fried Food Products
• Others

Sales channel

• Direct Sales
• Wholesalers
• Modern Grocery Retailers
• Independent Grocery Retailer
• Non-Store Retailers

Food Raising Agents Market Regional Analysis/Insights

The food raising agents market is analysed and market size insights and trends are provided by country, type, application and sales channel as referenced above.

The countries covered in the food raising agents market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

In Europe, Germany dominates the market, consuming approximately 60% of the food raising agents consumed in industrial and artisan applications. The large hub of bakery products and their high demand have resulted in the highest utilization of food raising ingredients in the country's bakery and breweries industries. However, in North America, the United States is expected to dominate the market due to advances in technology and innovation in food ingredients, rising consumption, and growing innovative industries and people's lifestyles, which are augmenting market growth. China dominates the Asia-Pacific region due to the country's growing demand for bioethanol as a fuel as well as its increased demand for bakery products and convenience foods.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Food Raising Agents Market Share Analysis

The food raising agents market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to food raising agents market.

Some of the major players operating in the food raising agents market are:

• 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 (UK)
• Laffort (France)
• Alltech (US)
• Imperial yeast (US)
• DCL Food Distributors (UK)
• Agrano GmbH & Co. KG (Germany)
• UNIFERM GmbH & Co. KG (Germany)

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