Market Size of Global Baking Soda Substitute Industry
Study Period | 2018 - 2028 |
Base Year For Estimation | 2021 |
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.