(Entertainment-NewsWire.com, May 31, 2018 ) Overview: Baking powder is a dry chemical leavening agent, a combination of a carbonate or hydrogen carbonate and a weak acid and is employed for increasing the amount and lightening the feel of food. It is used rather than yeast for merchandise wherever fermentation flavors would be undesirable or wherever the batter lacks the elastic structure to carry gas bubbles for quite a few minutes or to hurry the production.
Asia Pacific baking powder Market was valued at USD 987 million in 2016 and is approximated to be growing at a CAGR of 5.5%, to achieve USD 1.28 billion by 2021. Positive market growth could also be determined on account of developing economies, immense influence from Western culture and rise within the living standards of the population.
Drivers and Restraints: Shifting lifestyles of shoppers and a growing demand for processed food merchandise is projected to guide the frozen food market worldwide. Growing foodservice market within the region has galvanized the growing client demand for frozen baking powder merchandise. The shift among the everyday home cooked food to convenience foods has in addition increased the demand for baking powder among the rising markets.
Changing consumption preferences, disposition and affordability of shoppers to try new merchandise and pay cash on them have also been the very important factors supplying the expansion of the retail channel. Moreover, the increasing range of increasing food market chains and hyper market brands across the region is with success propelling the regional baking powder market.
Geographical Segmentation: On the idea of geography, the market is analyzed beneath numerous regions particularly China, India, Japan, Australia and South Korea. Asia Pacific is dominating the regional market because of the increasing population and rising urbanization with China and India rising as regional dominators. 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.
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