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Baking Powder Market is to reach USD 3.66 billion by 2021 – Market data forecast

(Entertainment-NewsWire.com, January 11, 2018 ) Baking Powder Market was worth USD 2.82 billion in 2016 and estimated to be growing at a CAGR of 5.3%, to reach USD 3.66 billion by 2021. Baking powder is a dry chemical agent consisting of carbonate, inert fillers and weak acid. It is generally used for increasing the volume of baked goods. Certifications under PFO Act and BIS Act are necessary as quality control to ensure that the baking powder is fulfilling the specified conditions. The usage of baking powder can be seen in restaurants, households and bakeries.
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The growing demand for fast food products, bakery items such as pastries and cakes, and quick instant mixes is the major reason for the growth of this market. These items have gain popularity across caterers, bakeries, households, and restaurants. This trend is spreading significantly across the globe owing to the burgeoning urbanization. Baking powder is becoming a crucial ingredient across several segments, thus exhibiting strong growth. The flourishing food markets worldwide are likely to bode well for the growth of the baking products market. However, manufacturers are likely to face challenges from the repercussions that baking powder has on health from its prolonged consumption.
Baking Powder Market is broadly categorized into product. By product the market is classified into Phosphate, anhydrous phosphate, sodium aluminium sulphate phosphate, tartrate, aluminium free, phosphate free and others. The market was dominated by tartar based baking powder. This growth can be attributed to the growing demand for tartaric acid based baking powder owing to the rising awareness among people regarding the health benefits associated with the consumption of bakery products made using it. On the basis of geography, the market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Baking Powder market was dominated by Asia Pacific followed by Europe.
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Some of the major companies dominating the market, by their products and services include Weikfield Products Private Limited, ACH Food Companies Inc., Caravan Ingredients Inc., Clabber Girl Corporation, Davis, and Rumford.
Market Segmentation

1)Product type
• Introduction
• Phosphate
• Anhydrous phosphate
• Sodium aluminum sulfate phosphate
• Tartrate
• Aluminum-free
• Phosphate-free
• Others
• Y-o-Y Growth Analysis, By Product type
• Market Attractiveness Analysis, By Product type
• Market Share Analysis, By Product type

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Scope of the report:

Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms by type, packaging and meat type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economic and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
On the basis of geography, the Asia Pacific market is analysed under various regions namely China, India, Japan and South Korea. With growing disposable incomes and increased awareness the market will grow significantly in future years.

About Market Data Forecast:
The publisher of this report is Market Data Forecast whose forte lies in Market research and Business Intelligence. Handling both individual and corporate clients across multiple business domains they offer syndicated/customized research to suit the client’s research objective. Their research reports section offers a wide variety of market studies ranging from all-encompassing comprehensive market studies to product specific niche markets covering North America among other regions of the global market as well. For more info kindly visit, www.marketdataforecast.com

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Source: EmailWire.Com

Source: EmailWire.com

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