Baking Soda Substitute Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.43 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Baking Soda Substitute Market Analysis
The global baking soda substitute market is projected to grow at a CAGR of 6.43% during the forecast period (2021-2026).
- The use of baking soda can cause some side-effects such as stomach pain, nausea, gas, and diarrhea, while the prolonged or overuse of baking soda increases the risk of hypochloremia, hypokalemia, hypernatremia, etc. Therefore, as the health awareness among the consumers is increasing, the preference for baking soda substitute is anticipated to increase.
- In recent years, the consumer preference for natural ingredients and clean label products is increasing. The presence of natural substitutes such as eggs and yeast prove to be a suitable option for the manufacturers of the food industry to develop clean-label products thus, attracting the health-conscious consumers.
- The COVID-19 pandemic has placed unprecedented stresses on food supply chains, with bottlenecks in farm labor, processing, transport, and logistics, as well as momentous shifts in demand. Food supply chains demonstrated a remarkable resilience in the face of these stresses. The effect on the processed food products including bakery products has been marginal prmarily theough foodservice sectors such as bakery shops, owing to forced lockdown in many countries across the globe.
- However, the foreced lockdown resulted in increasing number of consumers investing time in cooking and as bakery products such as cakes, pastries, doughnuts and others are high apprecaited among cnsumers under demographics, the demand for leavening agents such as baking powder has also increased through off-trade distrinution channels.
Baking Soda Substitute Market Trends
This section covers the major market trends shaping the Baking Soda Substitute Market according to our research experts:
The Surge in Baking Industry to Increase the Demand For Baking Soda Substitute
The surge in the baking industry is anticipated to increase the demand for baking soda substitutes. The increase in urbanization, changes in lifestyle, increase in the number of nuclear families and working women, the influence of western culture, etc. are some of the factors that have increased the demand for ready-to-eat bakery products, which in turn is eventually capturing consumer's attention towards healtheier alternatives to baking soda. The baking soda substitute is an important ingredient that is required to improve the texture, increase the volume, enhance the flavor, improve the shelf-life, etc, and therefore, is used while preparing several bakery products. Thus, wih increasing awareness about the side-effects of baking soda on health and high consumption of bakery products, the demand of baking soda substitutes such as baking powder, yeast and others, is expected to rise in the near future.
Asia Pacific Emerges as The Fastest Growing Region
The bakery industry is expected to grow at a rapid rate in the Asia Pacific region. China and India are anticipated to show a high growth rate in the bakery industry. Consumers in India are becoming aware of the Western and French-style pastries and are demanding innovative bakery products. The rise in the demand for bakery products creates an opportunity for the use of baking soda substitute, and thus, contributing towards the sales for baking soda substitute in the Asia Pacific region. Expansion of food service industry, besides mushrooming bakeries across high potential markets will support the growth in the Asia Pacific market. Additionally, as a result of changing food habits, consumers in the region are demonstrating greater desire to spend on breads, cookies, and pastries.
Baking Soda Substitute Industry Overview
The global baking soda substitute market is highly fragmented with some global players, like Associated British Foods PLC (ABF), Lesaffre International, Lallemand Inc., and various regional players. Companies, such as Lesaffre International, have an organic range of baker's yeast, and claims optimum performance in the long-term. The key market players are focusing on mergers and acquisitions to expand their product portfolio and increase their production capacity, to fulfill the consumer needs. In 2018, Lesaffre acquired a major stake in the Rayen Food Industries in Tunisian, which majorly focuses on the production of baker's yeast. With this acquisition, Lessafre has strengthened its position in the African region.
Baking Soda Substitute Market Leaders
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Bob's Red Mill Natural Foods
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Lesaffre et Cie SA
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Associated British Foods PLC
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Kothari Fermentation And Biochem Ltd
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Clabber Girl Corporation.
*Disclaimer: Major Players sorted in no particular order
Baking Soda Substitute Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables and Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
-
4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Produdct Type
- 5.1.1 Baking powder
- 5.1.2 Potassium Bicarbonate
- 5.1.3 Yeast
- 5.1.4 Others
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5.2 By Distribution Channel
- 5.2.1 On-Trade
- 5.2.2 Off-Trade
- 5.2.2.1 Supermarkets/Hypermarkets
- 5.2.2.2 Convenience Stores
- 5.2.2.3 Online Retailers
- 5.2.2.4 Other Distribution Channels
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5.3 By Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.1.4 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 United Kingdom
- 5.3.2.2 Germany
- 5.3.2.3 France
- 5.3.2.4 Italy
- 5.3.2.5 Spain
- 5.3.2.6 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 India
- 5.3.3.2 China
- 5.3.3.3 Japan
- 5.3.3.4 Australia
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 Rest of The World
- 5.3.4.1 South America
- 5.3.4.2 Middle East & Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Active Companies
- 6.2 Most Adopted Strategies
- 6.3 Market Positioning Analysis
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6.4 Company Profiles
- 6.4.1 Bob's Red Mill Natural Foods
- 6.4.2 Lesaffre et Cie SA
- 6.4.3 Associated British Foods PLC
- 6.4.4 Kothari Fermentation And Biochem Ltd
- 6.4.5 Clabber Girl Corporation.
- 6.4.6 Weikfield Foods Pvt Ltd
- 6.4.7 Kudos Blends Limited
- 6.4.8 New England Cupboard
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
Baking Soda Substitute Industry Segmentation
The global baking soda substitute market is segmented by type into baking powder, potassium bicarbonate, yeast and others. Bassed on distribution channel, the market is segmented into off-trade and on-trade. The off-trade is further segmented into supermarkets/hypermarkets, convenience stores, online retailers and other distribution channels. To provide broader prospective, the market analyzes the potential and promising countries across different regions such as North America Europe, Aisa Pacific and Rest of the World (South America and Middle East and Africa). The report contains top-line revenues and market positioning analysis of the key players, highlighting the most adopted strategies of the companies in the market studied.
| By Produdct Type | Baking powder | |
| Potassium Bicarbonate | ||
| Yeast | ||
| Others | ||
| By Distribution Channel | On-Trade | |
| Off-Trade | Supermarkets/Hypermarkets | |
| Convenience Stores | ||
| Online Retailers | ||
| Other Distribution Channels | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| By Geography | Europe | United Kingdom |
| Germany | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| By Geography | Asia-Pacific | India |
| China | ||
| Japan | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| By Geography | Rest of The World | South America |
| Middle East & Africa |
Baking Soda Substitute Market Research FAQs
What is the current Global Baking Soda Substitute Market size?
The Global Baking Soda Substitute Market is projected to register a CAGR of 6.43% during the forecast period (2024-2029)
Who are the key players in Global Baking Soda Substitute Market?
Bob's Red Mill Natural Foods, Lesaffre et Cie SA, Associated British Foods PLC, Kothari Fermentation And Biochem Ltd and Clabber Girl Corporation. are the major companies operating in the Global Baking Soda Substitute Market.
Which is the fastest growing region in Global Baking Soda Substitute Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Baking Soda Substitute Market?
In 2024, the Europe accounts for the largest market share in Global Baking Soda Substitute Market.
What years does this Global Baking Soda Substitute Market cover?
The report covers the Global Baking Soda Substitute Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Baking Soda Substitute Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Global Baking Soda Substitute Industry Report
Statistics for the 2024 Global Baking Soda Substitute market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Baking Soda Substitute analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
