Study on the Global Raising Agents Market
MRRSE, recently published a market study which indicates that the global keyword market is anticipated to grow at a CAGR of ~XX% during the forecast period (2019-2029). The growth of the keyword market is predominantly driven by rising demand for keyword from multiple end-use industries such as end-use industry 1, end-use industry 2, end-use industry 3, and end-use industry 4.
The presented study addresses the following queries related to the keyword market:
- Why is the demand for product 1 expected to witness considerable growth over the forecast period?
- How will progress in technology influence the growth of the keyword market in the upcoming years?
- Which region is likely to emerge as the most lucrative pocket for market players?
- What are the recent trends that are likely to impact the growth of the keyword market in the near future?
- Which market players are expected to have a strong global presence in the keyword market?
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The presented market report dives deep into understanding the business strategies adopted by leading market players in the global keyword market. Further, the SWOT analysis for leading market players is enclosed in the report along with the revenue share, pricing analysis, and product overview of each company.
manufacturers of baked goods and several other products use raising agents in production methods. The effectiveness of these agents in filling air and gas into the baking mixtures continues to create a steadfast demand for raising agents in the food & beverage industry. However, emergence of egg alternatives and growing use of substitutes such as lemon juice are observed as key impediments for growth of the global raising agents market. According to Future Market Insights’ recent study, the global raising agents market is estimated to register expansion at a CAGR of 2.7% in terms of volume for the forecast period, 2017-2026. The study further projects that by the end of 2026, global sales of raising agents will bring in nearly US$ 36 billion in revenues.
Increasing Use of Raising Agents in Production of Confectionary Products to Drive Market Growth
The report observes that raising agents are finding lucrative grounds for sales growth on the back of their effective applications in the confectionary businesses. Producing confectionary products with the use of raising agents is gaining traction across the global food production landscape. Over the forecast period, sales of raising agents across confectionary applications are expected to register a global value CAGR of 3.9%, reflecting fastest revenue growth. Fried fish product applications of raising agents are also likely to gain considerable traction in terms of revenues. The report, however, observes a declining demand for raising agents in bakery product applications. Nonetheless, bakery applications of raising agents will continue to account for largest chunk of the global revenue pie, registering a one-fourth share on global market value by 2026-end.
Global Sales of Cream of Tartar to Bring in over US$ 21.5 Bn by 2026-end
The demand for raising agents is expected to remain highly concentrated at baking soda and the cream of tartar. While the cream of tartar is expected to bring in nearly 60% of global raising agents market value throughout the forecast period, sales of baking soda are pegged to register revenue growth at 3.2% CAGR. The report also reveals a dwindling demand for baking powder, wherein consumers are using less amounts of baking powder as raising agents to avoid the risks of high acidity levels. Over the forecast period, the sales of raising agents are slated to remain concentered at direct sales and wholesales. In 2017, direct sales and wholesalers accounted for nearly US$ 9.5 billion of global market revenues. The report further reveals that majority of manufacturers in the global raising agents market will be interested in signing long-term supply partnerships with wholesalers. Modern grocery retailers are also observed to emerge as key sales channel in the global raising agents market, and will register a value CAGR of 3.8% over the forecast period.
Key Producers of Raising Agents
The report has profiled leading companies partaking in the expansion of the global raising agents market through 2026. Weikfield Products Private Limited, ACH Food Companies Inc., Caravan Ingredients Inc., Clabber Girl Corporation, Davis, Rumford, McCormick & Company Inc., Newseed Chemical Co. Limited, (Tártaros Gonzalo Castello SL) Mitsubishi Corporation, and Foodchem International Corporation, are expected to drive the global raising agents production in the near future. Majority of these players will be investing in expanding their production of biological or natural raising agents. Several companies are expected to focus on increasing the applications of raising agents in organic production of baked items.
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The extensive study on the keyword market pinpoints the different factors that are likely to influence the prospects of the keyword market in each region. The different regions covered in the report include:
The report offers crucial insights related to the various applications of the keyword along with the Year-on-Year growth analysis of each application.
Decisive Information Enclosed in the report:
- The scenario of the global keyword market in different regions
- Current market trends influencing the growth of the keyword market
- Factors expected to hinder the growth of the global keyword market
- Micro and macro-economic factors shaping the growth of the market in different regions
- Key strategies adopted by players to gain a competitive edge in the keyword market
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