The Baking Soda Substitute market has saw impressive growth in the last few years, fueled by dietary choices and growing trends among health-conscious consumers. To meet a variety of dietary requirements, manufacturers are experimenting with new additives including potassium bicarbonate and cream of tartar. This thriving market exhibits encouraging prospects for more growth.
The market for baking soda substitutes is anticipated to achieve a market valuation of US$ 4.1 billion by 2022 and grow at a CAGR of 6% between 2022 and 2032 to reach US$ 7.4 billion.
The Baking Soda Substitute market analysis includes essential information and projections that will equip established and emerging market players with the know-how to develop long-term strategies and guarantee business continuity in the event of emergencies such as the continuing COVID-19 epidemic.
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If baking soda is consumed in excess, people are more likely to develop hypokalemia, hypochloremia, hypernatremia, kidney disease, heart failure, and increased stomach acid production. Because baking powder has a similar leavening capacity to baking soda, people are replacing it in recipes.
Consumers who are watching their salt intake typically prefer potassium bicarbonate. Ammonium bicarbonate can also be used in place of baking ingredients to avoid giving baked goods the crispiness that is desired in cookies and crackers.
COVID-19 Impact Analysis on Baking Soda Substitute Market
The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Baking Soda Substitute market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.
Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Baking Soda Substitute Industry have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.
Baking Soda Substitute Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Baking Soda Substitute industry Competitive information detailed in the Baking Soda Substitute industry report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Baking Soda Substitute industry report.
Key players covered in the report include:
The global baking soda substitute industry is highly fragmented, with global players such as Associated British Foods PLC (ABF), Lesaffre International, Lallemand Inc., and a variety of regional players. Companies such as Lesaffre International offer an organic range of baker’s yeast and claim optimum long-term performance. The major market players are focusing on mergers and acquisitions to broaden their product portfolios and increase production capacity.
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Baking Soda Substitute Market by Category
By Form:
- Powder
- Liquid
By Product Type:
- Baking powder
- Potassium bicarbonate
- Yeast
- Eggs
- Others (e.g. Ammonium bicarbonate, etc.)
By End-Use Application:
- Household
- Foodservice
- Food Industry
By Sales Channel:
- Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
- Online Sales Channel
- Company Website
- E-commerce Platform
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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Frequently Asked Questions
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