The North America Leavening Agents Market would witness market growth of 3.6% CAGR during the forecast period (2022-2028).
The leavening agents market is witnessing a surge in growth due to the rising health expenditure and growing disposable income. In addition, as the working population increases, demand for nutritious and high-quality meals, and increased concerns about living a healthier lifestyle are escalating demand for leavening agents, which have a wide range of functional benefits when used in food.
As an outcome of the significant impact of leavening agents on dough properties and final baked goods, leavening agents are in high demand around the food industry. The flavor, texture, and color of the crumb are all affected by the leavening products used in bakery items, which is an important component in baked-goods consumption. Numerous food and bakery industry have a significant need for leavening agents since these are used in the making of pies, cakes, rolls, cookies, biscuits, and other baked goods. Moreover, the growing popularity of confectionery and home-baked goods is likely to have a long-term impact on the leavening agent market.
The population of the this region is showing a huge demand for baked food and beverages made up from leavening agents, and as a result, various new bakeries and confectioneries are being opened in many places. For instance, as per government of Canada figures, there were roughly 2,760 bakeries in Canada, making it the leavening agents industry's second-largest job. Moreover, each month, a large number of people in the country frequent bakery cafés. This figure demonstrates the need for bakery entrepreneurs to continue to evolve in order to remain relevant in the market.
In addition, the figure reflects the rising demand for bakery enzymes as a result of rising baked-goods consumption and demand. Additionally, such changes have motivated bakers to abandon the traditional methods and incorporate creative ingredients to improve the nutritional content of the products. Bagels, toast, and English muffins are in high demand across the United States and Canada. The popularity of mobile and single-serve packaging has increased in the US bakery business. As a result, such factors are expected to propel the leavening agents market forward over the forecast period.
The US market dominated the North America Leavening Agents Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,509.5 Million by 2028. The Canada market is estimated to grow at a CAGR of 5.9% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 5% during (2022 - 2028).
Based on Application, the market is segmented into Food, Personal & Health Care, and Others. Based on Form, the market is segmented into Biological, Chemical, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Leavening Agents Market is Predict to reach $7.4 Billion by 2028, at a CAGR of 4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Koninklijke DSM N.V., Archer Daniels Midland Company, Associated British Foods PLC, Corbion N.V., Kerry Group PLC, Novozymes A/S, Cargill Corporation, Puratos NV/SA, and Stern-Wywiol Gruppe GmbH & Co. KG.
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