Baking powder is a dry chemical leavening agent composed 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. The driving forces for this market include increasing inclination towards ready to eat food and adoption of healthy approach in bakery products. The factors limiting growth of this market include easy availability of its substitute, baking soda and some adverse effects caused by the use of baking powder. This market may find growth opportunities by innovative product differentiation.
GLOBAL BAKING POWDER PRODUCT TYPE MARKET ANALYSIS
On the basis of product types, this market can be classified into phosphate, anhydrous phosphate, sodium aluminum sulfate phosphate, tartrate, aluminum-free, phosphate-free and others. The commonly used baking powder includes phosphate, tartrate and anhydrous phosphate.
BAKING POWDER GEOGRAPHY MARKET ANALYSIS
On the basis of geography, this market can be classified into North America, Europe, Asia-Pacific and rest of the world (RoW). The rising urbanization and increasing influence of western lifestyle would increase the market for baking powder in Asia-Pacific countries, especially in India and China.
The major players in this market are Weikfield Products Private Limited, ACH Food Companies, Inc., Clabber Girl Corporation, Blue Bird and Calumet Baking Powder Company. The companies are focusing on product differentiation so as to increase their market share.
HIGH LEVEL ANALYSIS
The report analyzes the global baking powder market by using Porter’s five forces model. This model helps in understanding the various components of industry such as buyers, suppliers, new entrants and substitutes available. The bargaining power of buyers is high due to the presence of numerous suppliers in this market. There exists intense competition in this market due to increasing application of baking powder in ready to eat and bakery products. The threat of substitute is also very high in this market. The market dynamics are explained to give a better understanding of the market scenario.
KEY MARKET SEGMENTS
The global baking powder market is segmented into product types and geography.
MARKET BY PRODUCT TYPE
MARKET BY GEOGRAPHY
SIMILAR MARKET STUDIES
Milk Packaging Market by Packaging Type (Cups, Cans, Bottles, Pouches, and Others) and Material (Glass, Plastic, Metal, Paperboard, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023
The global milk packaging market was valued at $36,157 million in 2016, and is projected to reach at $49,809 million by 2023, growing at a CAGR of 4.6% from 2017 to 2023. Milk packaging has witnessed significant changes from traditional methods to new and innovative techniques. In addition, packaging can ...
July 2017 | $5370 | View Details >>
High-intensity Sweeteners Market by Type (Saccharin, Acesulfame Potassium (Ace-K), Sucralose, Neotame, Advantame, Steviol Glycosides, and Luo Han Guo Fruit Extracts (Monk Fruit)) and Application (Beverages, Bakery & Confectionery, Dietary Products, Dairy Products, Pharmaceuticals, Table Top Sweeteners, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023
The global high intensity sweeteners (HIS) market was valued at $1,807million in 2016, and is anticipated to reach at $2,134 million by 2023, growing at a CAGR of 2.3% from 2017 to 2023. High-intensity sweeteners are commonly used as substitutes for sugar, owing to their low-calorie content and higher. Moreover, HIS are ideal alternatives to sugar and other caloric sweeteners such as high-fructose syrup.
July 2017 | $5370 | View Details >>
UPCOMING MARKET RESEARCH REPORTS
2017 © Copyright Big Market Research