According to a new report, published by KBV research, The Global Leavening Agents Market size is expected to reach $6.6 billion by 2031, rising at a market growth of 5.5% CAGR during the forecast period.
The growth of the leavening agents market appears promising, with robust growth expected across regions and sectors. It is anticipated that the demand for bakery products will increase in rapidly urbanizing areas, notably in developing economies, due to the changing dietary preferences and the growing middle class.
The Food segment led the maximum revenue in the Global Leavening Agents Market by Application in 2023, thereby, achieving a market value of $4.6 billion by 2031. As lifestyles become busier, consumers increasingly rely on ready-to-eat foods, increasing the need for high-quality leavening agents in items like bread, cakes, and cookies. The rise in home baking, spurred by online recipes and cooking shows, also contributes to demand, as consumers seek specific leavening agents to replicate professional-quality products.
The Biological segment is growing at a CAGR of 5.6 % during the forecast period. Consumers increasingly prefer clean-label ingredients, pushing manufacturers to use biological leavening agents like yeast and sourdough in baked goods. Artisanal and traditional baking, which often rely on natural fermentation, have also surged in popularity, further driving demand in this segment.
Full Report: https://www.kbvresearch.com/leavening-agents-market/
The Europe region dominated the Global Leavening Agents Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2.2 billion by 2031. The North America region is anticipated to grow at a CAGR of 5.2% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 6.1% during (2024 - 2031).
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