The global baking soda substitute market is expected to reach a market valuation of US$ 4.1 Bn by 2022, accelerating at a CAGR of 6% during the forecast period (2022-2032), to reach a value of US$ 7.4 Bn by 2032.
Crucial information and forecast statistics covered in the Baking Soda Substitute market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
Overconsumption of baking soda can increase the risk of hypokalemia, hypochloremia, hypernatremia, kidney disease, heart failure, and increased stomach acid production among people. As a result, consumers are substituting baking soda with alternatives such as baking powder which has similar leavening power.
Potassium bicarbonate is generally preferred by consumers who are controlling their sodium intake. Ammonium bicarbonate can also be used as a substitute for baking goods to avoid it additionally imparts crispness to baked goods which are desirable in cookies and crackers.
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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 market 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 market. Competitive information detailed in the Baking Soda Substitute market 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 market report.
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Key players covered in the report include:
The global baking soda substitute market 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.
Baking Soda Substitute Market by Category
By Product Type:
- Baking powder
- Potassium bicarbonate
- Others (e.g. Ammonium bicarbonate, etc.)
By End-Use Application:
- Food Industry
By Sales Channel:
- Offline Sales Channel
- Departmental Stores
- Convenience Store
- Other Sales Channel
- Online Sales Channel
- Company Website
- E-commerce Platform
- North America
- Latin America
- East Asia
- South Asia
Frequently Asked Questions
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- At What Rate Will Baking Soda Substitute Demand Grow in North America?
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