LAMEA Leavening Agents Market Size, Share & Industry Trends Analysis Report By Application (Food, Personal & Health Care, and Others), By Form (Biological, Chemical), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Leavening Agents Market would witness market growth of 5.4% CAGR during the forecast period (2022-2028).
Manufacturers in the leavening agent market compete fiercely, requiring the companies to introduce new products on a regular basis in a range of flavors and textures. The manufacturers also use a range of flours in the production processes, increasing the demand for leavening agents in varying concentrations. Companies in this market have been conducting extensive research and development activities in order to develop innovative leavening agent products for the food and beverage industry.
Companies in the leavening agent industry deal with a wide range of ingredients to create consumer goods. To provide suitable results, businesses managing dough, batters, and expansion solutions must comprehend the essential ingredients. Baking powders are essential in the preparation of baked goods because it help to generate CO2 and cause foods to puff or expand in the oven. Leavening agents are essential components of baking powder since it push air/gases across food products to achieve the desired volume and texture.
The governments across LAMEA region has been actively investing in strengthening the market of leavening agents by implementing several rules and regulations associated with maintaining the standard of the food ingredients. As well as, the population of the region is showing great popularity for baked products which require leavening agents. For instance, Nigeria's Minister of Agriculture has taken significant steps to strengthen the region's leavening agents industry. The ministry invested heavily to increase the supply of cassava flour in the country, which is displacing wheat flour. Such actions enhanced cassava bread production and availability in the region, as well as provided training to Small and Medium Scale Entrepreneurs and others on how to manufacture high-quality baked goods using the best materials and equipment available.
Leavening agents and bakery items have proven popular with people of various ages and economic backgrounds. The government's decision to use cassava flour rather than wheat flour is based on the fact that both cassava and wheat flour have similar qualities and can thus be substituted in different proportions for different bread goods. As a result, such factors are expected to provide profitable growth possibilities for regional leavening agents market players throughout the forecast period.
The Brazil market dominated the LAMEA Leavening Agents Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $185.5 Million by 2028. The Argentina market is poised to grow at a CAGR of 6% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 5.1% during (2022 - 2028).
Based on Application, the market is segmented into Food, Personal & Health Care, and Others. Based on Form, the market is segmented into Biological, Chemical, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Leavening Agents Market is Predict to reach $7.4 Billion by 2028, at a CAGR of 4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Koninklijke DSM N.V., Archer Daniels Midland Company, Associated British Foods PLC, Corbion N.V., Kerry Group PLC, Novozymes A/S, Cargill Corporation, Puratos NV/SA, and Stern-Wywiol Gruppe GmbH & Co. KG.
Scope of the Study
Market Segments Covered in the Report:
- Personal & Health Care
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Koninklijke DSM N.V.
- Archer Daniels Midland Company
- Associated British Foods PLC
- Corbion N.V.
- Kerry Group PLC
- Novozymes A/S
- Cargill Corporation
- Puratos NV/SA
- Stern-Wywiol Gruppe GmbH & Co. KG
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