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How is the Leavening Agents Market Expected to Grow?
The leavening agents market size has seen steady progress in recent years. It is forecast to grow from $6.74 billion in 2024 to $7.05 billion in 2025 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period was driven by factors such as increased consumption of bakery and confectionery products and the expansion of the food processing industry. Additional factors like rising disposable income, changing lifestyles, and a general preference for convenience foods have also contributed to this trend.
Over the coming years, the leavening agents market size is predicted to experience robust growth, reaching $8.8 billion by 2029 with a CAGR of 5.7%. This growth is largely driven by health and wellness trends that are influencing baking choices, along with a greater emphasis on clean label and natural leavening agents. Emerging markets, increased urbanization, and the advent of online retailing and e-commerce for baking ingredients also play a key role. In addition, regulatory support for quality and safety standards is expected to boost market growth.
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What Factors Are Driving the Growth of the Leavening Agents Market?
Growth in the leavening agents market is expected to be driven by the rising demand for bakery products. Bakery products such as bread, cakes, and cookies require leavening agents to help them rise and make them soft and light. In fact, the International Dairy Deli Bakery Association reported that sales in the bakery sector reached around $3.1 billion in June 2022, reflecting a 9.3% yearly increase. This rising preference for bakery products is expected to boost the leavening agents market.
What are the Key Segments within the Global Leavening Agents Market?
The leavening agents market covered in this report includes:
1) By Form: Biological, Physical, Chemical
2) By Application: Sea Food, Bakery Products, Fried Foods, Wheat Flour, Soy Products
3) By Sales Channel: Direct Sales And Wholesalers, Independent Grocery Retailer, Non-Store Retailers, Other Sales Channels
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Who are the Major Players in the Leavening Agents Market?
Major companies in the leavening agents market include Kudos Blends Ltd., Puratos Group, Cargill Incorporated, AB Mauri North America, Shandong Sunkeen Co. Ltd., Archer Daniels Midland Company, Associated British Foods (ABF) plc, Corbion N.V., Kerry Group plc, Koninklijke DSM N.V., The Kraft Heinz Company, Novozymes A/S, Stern-Wywiol Gruppe, Lesaffre Yeast Corporation, Lallemand Inc., Angel Yeast Co. Ltd., Oriental Yeast Co. Ltd., Watson Inc., Caravan Ingredients, Bakels Group, AB Vista an AB Agri company, Biorigin, Fazer Group, Kemin Industries Inc., LFI Inc., MGP Ingredients Inc.
What are the Emerging Trends in the Leavening Agents Market?
Product innovation is a key trend in the leavening agent market. Companies are introducing new leavening agents to enhance the flavor and texture of food products. For example, in September 2022, China-based yeast extract manufacturer Angel Yeast introduced a high-sugar dry yeast product to address baking challenges related to high-sugar, high salt, and weak organic acids.
Which Regions are Set to Grow the Fastest in the Leavening Agents Market?
In 2024, North America had the largest share in the leavening agents market. However, Asia-Pacific is expected to be the fastest-growing region in the market during the forecast period. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Is the Definition of the Leavening Agents Market?
Leavening agents are substances used in baking to encourage dough or batter to rise, resulting in a light and airy texture in baked goods. These agents function by generating gas, typically carbon dioxide, during the mixing, fermentation, or baking processes. The Leavening Agents Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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