Project report for Baking Powder

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Now, The Banking power is used in India fast food market that is the main factor driving the growth of Banking power manufacturing Industry. Owing to increased awareness regarding health and wellness, the consumer’s demand for a well-balanced meal are met through high fiber breads, nutrition bars, and breakfast cereals. These health and wellness oriented food products require baking powder as an ingredient, thus driving their demand. It is gaining polularity in restaurants, Bakeries and Homes and it is spreading worldwide due to shift growth of urbanization.Baking powder is used instead of yeast for end-products where fermentation flavors would be undesirable, where the batter lacks the elastic structure to hold gas bubbles for more than a few minutes, and to speed the production of baked goods.

Baking powder is used to increase the volume and lighten the texture of baked goods. It works by releasing carbon dioxide gas into a batter or dough through an acid–base reaction, causing bubbles in the wet mixture to expand and thus leavening the mixture. The first single-acting baking powder, which releases carbon dioxide at room temperature as soon as it is dampened, was developed by food manufacturer Alfred Bird in England in 1843. Because carbon dioxide is released at a faster rate through the acid-base reaction than through fermentation, breads made by chemical leavening are called quick breads. The introduction of baking powder was revolutionary in minimizing the time and labor required to make breadstuffs. It led to the creation of new types of cakes, cookies, biscuits, and other baked goods.

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Market potential & Strategy

The global Baking Powder Market size was valued to be INR 255,660 Crores in 2021, and it is estimated to reach a valuation of INR 304.550 Crores by the end of 2026, expanding at an annual growth rate (CAGR) of 5.3% over the conjecture time frame. The main factor driving growth in the market for baking powder is the rise in the worldwide fast food market. The urbanization of population has brought many changes in the food habits and consumption patterns of people. A radical shift in the socio-cultural behavior due to cultural borrowing has led to nuclear families and rise in the number of working women. Moreover, increasing disposable income has also led to a rise in the demand for baking powder-based food such as waffles, cakes, pastries, donuts, pizzas, and burgers. “An increasing consumption of junk food owing to busy lifestyle is thus behind the growth of the global baking powder market. As COVID-19 tightens its noose around the world, the demand for processed and packaged food is poised to surge. Amid the ongoing crisis, consumers have developed a unique behavior of stockpiling on commodities they consider essential. As a result, food products with higher shelf-life is preferred as consumers observe extended periods of self-isolation. Baking powder is often a key ingredient used in packaged food, therefore, a higher demand in the packaged and processed food categories is likely to dispel growth in the baking powder market as well.

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