Revenues of the Raising Agents Market grew by 2.7% to surpass the figure of USD 31 billion in 2021. The demand for raising agents is going to grow at a rate of 3.1%, according to the Future Market Insights (FMI) study.
Raising agents have been used in food and beverage firms’ production processes to give food items like cakes and bread a lighter texture. Raising agents play a crucial role in the creation of cakes and other baked goods because of their unique ability to release gas when the mixture is cooked, which makes them fluffy and creamy at their core.
The global food and beverage business uses a variety of elevating agents, including chemical, biological, natural, and physical ones. With the introduction of egg alternatives and equivalents like lemon juice, the market for raising agents has been declining. A projection report by Future Market Insights that was just released predicts that the global market for raising agents will grow at a moderate rate in the foreseeable future.
Key insights from the study reveal The global raising agents market is expected to register a value CAGR of 3.1% for the forecast period, 2017-2026 In terms of volume, the study estimates that by the end of 2026, over 33,00,000 tonnes of raising agents will be sold across the globe The demand for raising agents will witness considerable traction on the back of their effective applications in the production of confectionaries
Confectionary Product Applications to Register Fastest Revenue Growth at 3.6% CAG The study has highlighted the rising applications of raising agents in the confectionary businesses. Manufacturers of confectionary products in several parts of the world are using up a considerable share of raising agents being produced in the world. The report estimates that in 2017, US$ 5.4 billion worth of raising agents sold across the world were accounted for by confectionary product applications. The report also reveals that the demand for raising agents namely, cream of tartar and baking soda, will gain equivalent traction by registering a value CAGR of 3.2% individually for the forecast period.
During this period, baking powder will lose its prevalence as a sought-after raising agent. Acidity issues and rancid tastes arising from excessive use of baking powder as raising agents will continue to lower its demand in the global market. On the other hand, the report also reveals that organic agents will register the highest revenue growth, bringing in more than US$ 5 billion by 2026-end.
Segmentation of Raising Agents Market
Region :
- North America
- Latin America
- Europe
- Japan
- APEX
- MEA
Product Type :
- Baking Powder
- Baking Soda
- Cream of Tartar
- Organic Agents
- Others
Sales Channel :
- Direct Sales & Wholesalers
- Modern Grocery Retailers
- Independent Grocery Retailer
- Non-Store Retailers
Application :
- Bakery Products
- Confectionery Products
- Biscuits and Crackers
- Packaged Food Products
- Fried Food Products
- Other Food Products
