Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Leavening Agents Market size is expected to reach $7.4 billion by 2028, rising at a market growth of 4.0% CAGR during the forecast period.
The Food segment acquired maximum revenue share in the Global Leavening Agents Market by Application in 2021, thereby, achieving a market value of $5.2 billion by 2028. There has been a rise of the leavening market because of the growing demand for food and drinks made up of leavening agents. Food leavening agents will be more popular in the future due to rising health awareness and changing lifestyles. As well as more varieties are launched by baked food producer witnessing the popularity of baked food products made with leavening agents
The Chemical market is showcasing a CAGR of 4.3% during (2022 - 2028). The growing consumer awareness of personal health will be a prominent element responsible for this segment’s growth. The market is also expected to develop because of changing lifestyles regarding health and an increasing working population. Chemical leavening agents are benefited much from research and development activities.
The Europe market dominated the Global Leavening Agents Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.5 billion by 2028. The North America market is estimated to witness a CAGR of 3.6% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 4.7% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/leavening-agents-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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