Albany, NY -- (SBWIRE) -- 11/02/2018 -- The primary use of baking powder is mainly found in breads such as waffles, muffins, and pancakes to help hold the raised batter until its set while baking. Rapid emergence and high demands for fast food items, quick instant mixes, and cakes and pastries have become extremely popular among restaurants, households, bakeries, and caterers. The trend for such food items is spreading rapidly due to growing urbanization as well.

Last few years have witnessed a definite shift in perspective of people willing to spend on luxurious items and rely on eating habits that have more traditional taste than convenience food items. As the consumption of baked products increases among people living in the urbanized areas, the baking powder becomes an essential ingredient showing high growth across the globe.

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Findings in the report state that the global baking powder market was valued at US$2.35 billion in 2012 and is further expected to rise at a 5.3% CAGR for the forecast period 2013 and 2019. The product type segmentation also highlights anhydrous phosphate, phosphate, sodium aluminum sulfate phosphate, aluminum-free, tartrate, phosphate-free, and others as some of the major types of baking powder. Tartrate baking powder held around 30.4% of all revenues, while phosphate-based baking powder followed at distant second with 25.4%.

Asia-Pacific region, especially China, India, and Japan regions are likely to outpace other regions with a CAGR of 5.6% over the forecast period. However, Europe that once held 28.5% demand for baking powder is likely to expand in the foreseeable future too.

The primary objective of the baking powder market report is to facilitate the consumers and entrepreneurs with the understanding and importance of baking powder as a raw material and its use in various applications. Due to a parallel growth in the food and hotels and restaurant industry, the baking powder market has experienced steady growth in the last few years. However, the study also reports that baking powder is detrimental to health, which is the biggest challenge for manufacturers at the moment.

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The report serves as guidance to the users in helping them gain the purpose of the research scope and various research methodologies applied while conducting an analysis on this market. The study elaborates a full competitive advantage of the market through factors such as opportunities, growth drivers, and restraints, and their various impacts followed by three critical parameters such as high, medium, and low for the forecast period of 2013-2019.