Baking Powder Market Growth, Trends, And Forecast (2018 - 2023)

Recent Developments
Caravan Ingredients Inc. is a Dutch food and biochemicals company. It produces chemicals derived from organic acids, bioingredient-based foods, and lactic acid-based solutions for the food, chemical and pharmaceutical industries. Caravan Ingredients has introduced Ultra Fresh Sweet, an affordable, high performing alternative to simple enzymes, starches, gums, and sugars. Ultra-Fresh Sweet creates from one day to 45 days or more of great eating quality, with smooth, tender and resilient crumb texture in a variety of products including yeast-raised donuts, cupcakes, pastries, sheet cakes, and muffins.

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Market Segmentations
Market Data Forecast published a report named Baking Powder Market. It is valued around USD 3.13 billion in 2018 and estimated to be growing at a CAGR of 5.3%, to reach USD 4.05 billion by 2023.

Report is segmented by
Product
• Phosphate,
• anhydrous phosphate,
• sodium aluminium sulphate phosphate,
• tartrate,
• aluminium free,
• phosphate free.

Based on the product, market was dominated by tartar based baking powder. This growth can be attributed to the growing demand for tartaric acid based baking powder owing to the increasing awareness among people regarding the health advantages associated with the consumption of bakery products made using it.

Geographical Segmentation:
Based on the geography the market is analyzed under several regions namely, North America, Europe, Asia-Pacific. The Baking Powder market was leaded by Asia Pacific followed by Europe.

Key market players in the market are –
• ACH Food Companies Inc.,
• Caravan Ingredients Inc.,
• Clabber Girl Corporation,
• Davis,
• Rumford.

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Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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