Published on : Feb 11, 2016
The global baking powder market has been reporting a rise in its valuation over the past few years. The rapid urbanization has stimulated the demand for fast food across the world. Apart from this, the increasing preference of health-oriented bakery products, specifically gluten-free food items, is propelling the worldwide baking powder market significantly.
Asia Pacific to Maintain its Lead in Global Baking Powder Market
The global market for baking powder is spread across Asia Pacific, Europe, North America, and the Rest of the World. Asia Pacific acquired the leading position in the overall market in 2012. The augmenting preference of consumers for fast food in this region has fueled the Asia Pacific baking powder market. This regional market is expected to maintain its dominance in the coming years. India and China are the leading baking powder market in Asia Pacific.
Europe occupied the second position in the global baking powder market, the same year. However, this market is anticipated to rise at a moderate pace as it has attained a stable rate of economic development, hence the impact of further urbanization in this region is likely to be lesser than that in Asia Pacific. North America is also expected to exhibit a similar trend. The U.S. is the biggest baking powder market in North America while the baking powder market in the Rest of the World is led by Brazil.
Tartar-based Baking Powder Market Acquires Dominance
In 2012, the global baking powder market was led by the tartar-based baking powder segment. It the accounted for a share of approximately 30.4% in the overall market. Experts project the market segment to maintain its leading position in the coming years, fueled by the rising demand for tartar-based baking powder.
Rumford, Clabber girl, Davis, and Calumet are the major baking powder makers in the global arena.