Baking Soda Substitute Market

Baking Soda Substitute Market Value And Growth (2023-2028)

Baking Soda Substitute Market was worth US$ 4.1 billion in 2022 and is anticipated to reach a valuation of US$ 6.8 billion by 2027 and is predicted to register a CAGR of 7.2% during 2023-2028.

Baking Soda Substitute Market Overview:

Sodium hydrogen carbonate, bicarbonate of soda, and sodium bicarbonate are all names for baking soda. It's a rising or leavening agent that's commonly found in bakery goods like cakes, rolls, muffins, pastries, pancakes, and cookies, and it enables the dough or batter to rise and expand, giving them a unique soft, fluffy texture. Potassium bicarbonate and salt, yeast, and baking powder are some of the replacements available on the market. These alternatives improve the texture and flavour of baked items, as well as their volume and shelf life. As a result, these alternatives perform similarly to baking soda while also providing some extra functional advantages.

Potassium bicarbonate, for example, has similar rising qualities to baking soda but lacks the sodium that baking soda does. Potassium bicarbonate is recommended for consumers with circulatory or cardiac problems, as well as those who are seeking to restrict their salt intake, due to the lack of soda. Yeast performs the same purpose as baking soda but without the bitter flavour. It is also a nutritious element. The demand for baking soda alternatives is expected to rise as the baking industry expands. Furthermore, the surge in customer preferences for natural ingredients such as yeast is propelling the baking soda alternative industry forward. Baking soda, on the other hand, is readily available in food stores; however, alternatives such as potassium bicarbonate are not, which is projected to limit the expansion of the baking soda substitute industry in the coming years. Nonetheless, the rise of the baking sector in rising economies such as China and India is expected to drive demand for baking soda alternatives due to accessibility, convenience, and changes in consumer lifestyles and dietary habits, which is expected to fuel the market in the future.

Baking Soda Substitute Market Growth:

The increased consumption of baked products like bread, bagels, etc. are expected to fuel the baking soda substitute market growth.

REPORT COVERAGE:

Baking Soda Substitute Market Drivers:

Baking soda alternatives are likely to become more popular as the baking business grows. Increased urbanisation, lifestyle changes, a rise in the number of nuclear families and working women, Western cultural impact, and other variables have all led to a significant increase in demand for ready-to-eat bread items. In recent years, customers have become more interested in natural components. Clean-label items are more likely to be used by consumers. The inclusion of natural alternatives such as eggs and yeast demonstrates that developing clean-label products utilising such baking soda substitutes is a viable option for food sector firms. Product development with a clean label would help to attract health-conscious customers. As a result of the existence of natural components, the market for baking soda alternatives is predicted to grow.

Baking Soda Substitute Market Restraints:

The COVID-19 epidemic has wreaked havoc on food supply chains, producing bottlenecks in farm labour, processing, shipping, and logistics, as well as severe demand shifts. Food supply chains have shown extraordinary resilience in the face of these challenges. The impact on processed food goods, particularly bakery products, has been minimal as a result of forced lockdowns in many nations throughout the world, primarily through food service sectors such as bakeries.

Recent Developments in the Global Baking Soda Substitute Market:

In March 2022, Cargill formed a strategic partnership with another agriculture company called Multi X by acquiring 24.5% of their shares.

Baking Soda Substitute Market Segmentation: 

By Form:

• Powdered Baking Soda Substitutes

• Liquid Baking Soda Substitutes

When segmented by form, the powdered baking soda substitutes dominated in this segment, this baking soda substitutes market share came predominantly from the increased demand of baked goods sector and as powdered baking soda substitutes is easier to store and transport and it also has a longer shelf life than its counterpart, the liquid baking soda substitutes. Production of and other overhead costs of powdered baking soda substitutes is also easier when compared to its counterpart, the liquid baking soda substitutes. All of these are reasons why we see baking soda substitutes' market share dominated by powdered baking soda substitutes.

By Variety:

• Baking Powder

• Potassium Bicarbonate Substitutes

• Yeast Substitutes

• Egg Substitutes

• Other Baking Soda Substitutes (e.g. Ammonium bicarbonate, etc.)

The Variety segment was divided into Baking Powder, Potassium Bicarbonate Substitutes, Yeast Substitutes, Egg Substitutes and Other Baking Soda Substitutes (e.g. Ammonium bicarbonate, etc.). In this, the segment which took the largest baking soda substitute market share was the potassium bicarbonate substitute. As the demand for baked and processed food options which include breads, cakes, and others is increasing, the market is maturing. This is why we see the market being dominated by potassium bicarbonate substitutes in the baking soda substitutes market industry.

By Distribution Channel:

• Direct Baking Soda Substitute Sales

• Indirect Baking Soda Substitute Sales (Supermarkets, Online retailers, etc.)

The distribution channel segment was divided into Direct baking soda substitute sales and indirect baking soda substitute sales. In this, the segment which took the one which took the larger baking soda substitute market share in terms of distribution channel was Direct baking soda substitute sales. These sales were driven primarily because of B2B companies and how baked goods producers bought their baking soda substitute in bulk. This is the baking soda substitute market trends we see with regards to the distribution channel.

Baking Soda Substitute Market Regional Analysis: 

The Global Baking Soda Substitute Market Report includes the segmentation of Regions:

• North America

1. The U.S.

2. Canada

3. Mexico

Rising sodium bicarbonate usage in the animal feed, pharmaceutical, food, water treatment, and pesticide businesses is likely to help the North American market.

The rise in government financing to promote R&D effort targeted at discovering new uses for the substance is also helping to grow the regional market. In the United States, the Sodium Bicarbonate market is anticipated to be worth US$ 340 million in 2022. The country currently controls a quarter of the global market. During the evaluation period, these figures are predicted to increase at a steady rate, in the North American market., the baking soda substitute market growth is expected to grow at a steady X.X% during the forecasted period

• Europe

1. The U.K.

2. France

3. Germany

4. Netherlands

5. Russia

6. Italy

Due to the obvious widespread consumption of bakery products, many bakery enterprises use baking enzymes to deliver quality confectionery in the Europe Baking Powder market. Following Germany, France has a high demand for confectionary items, with the majority of the French Baking Powder market share leading to business creation. Due to product development and increased availability of enzymes and hydrolytic enzymes, the Italian Baking Powder market is developing at the third fastest rate in Europe. During the evaluation period, these figures are predicted to increase at a steady rate in the European market., the baking soda substitute market growth is expected to grow at a steady X.X% during the forecasted period

• Asia Pacific

1. India

2. China

3. Japan

In the Asia Pacific area, the bakery industry is predicted to grow at a quick pace. The bread business is expected to grow at a rapid pace in China and India. Indian consumers are growing more aware of Western and French-style pastries, and they are requesting new bakery items. The increased demand for bakery items creates an opportunity for the usage of baking soda substitute, which contributes to baking soda substitute sales in the Asia Pacific region. The growth of the Asia Pacific market will be aided by the expansion of the food service industry, as well as the proliferation of bakeries in high-potential markets. Furthermore, as a result of shifting eating patterns, customers in the region are showing a stronger propensity to spend on breads, cookies, and other baked goods. During the evaluation period, these figures are predicted to increase at a steady rate in the Asia Pacific market., the baking soda substitute market growth is expected to grow at a steady X.X% during the forecasted period

Baking Soda Substitute Market Key Players:

1. Archer Daniels Midland Co.

2. Cargill, Inc.

3. Weikfield Products Co. (I) Pvt. Ltd

4. Corbion N.V.

5. AB Mauri

6. Koninklijke DSM N.V.

7. Corbion N.V.

8. Lesaffre et Compagnie

9. Lallemand Inc.