The global raising agents market was valued at USD 29,288.3 million in 2019, growing at a CAGR of 2.8% from 2019 to 2023 to reach USD 33,874.2 million in 2024. Forecasts for 2024-2034 predict a 3.4% CAGR, pushing the market to USD 47,323.2 million by 2034.
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This market is vital to the food and baking industries, encompassing products like baking powder, baking soda, cream of tartar, and emerging natural leavening agents. These products play a key role in delivering desired texture and rise in baked goods and processed foods.
While dominated by baking powder and soda, the industry is increasingly embracing clean-label trends, driving the development of sustainable formulations. Additionally, technological advancements, such as automation and data analytics, are revolutionizing efficiency, quality control, and supply chain traceability. The rapid evolution of the food and beverage sector continues to shape the growth and innovation of the raising agents market.
The raising agents market forms an integral part of the food and baking industries, encompassing products such as baking powder, baking soda, cream of tartar, and innovative organic alternatives. These products are vital in delivering the desired rise, texture, and quality to baked goods and processed foods.
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