Feed Anti Caking Agents Market Trends, Segment and Future Growth to 2023 - Major Key Players are Sasol Wax, IMAC INC, BASF, Fuji Chemicals Industries, Grain Corporation, Norkem Group, Chemipol S.A., Bogdány Petrol Ltd., Huber Engineered Materials, Evonik

Feed Anti Caking Agents Market Overview

Anti- caking agent is an additive, utilized in food industry including seasoning & condiments, dairy bakery, products, meat products, soups & sauces and sweeteners. It is utilized in the form of powder or granules for preventing the formation of lumps and for easing consumption, packaging, and transport. They are nutritionally void. Few commonly used anti-caking agents in food industry are calcium silicate, magnesium stearate, powdered cellulose, sodium aluminosilicate and silicon dioxide, sodium bicarbonate, magnesium tri silicate, calcium Ferro cyanide potassium aluminium silicate,  sodium Ferro cyanide, stearic acid, tri calcium phosphate and polydimethylsiloxane . Sodium aluminosilicate is utilized as an anti-caking agent in table salts. 

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Demand for fertilizers is expected to rise in order to enhance the crop yield. Increase in demand for fertilizers is expected to fuel the market growth. Factors like ease of transportation and utilization in packaging and consumption are also anticipated to boost the demand for anticaking agents. Robust growth in the livestock industry is one of the key factors propelling the anti-caking agent for feed & fertilizer market. On the other hand, potential health hazard is estimated to hinder market growth. Moreover, implementation of strict governmental regulations, particularly in developed countries, is anticipated to unfavourably affect the overall market during the aforementioned forecast period.

Feed Anti Caking Agents Market Forecast Report (2018-2023)

The Global Feed Anti Caking Agents market size was around USD XX billion in 2018. It is expected to grow at a CAGR of XX% to reach USD XX billion by 2023.

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Feed Anti Caking Agents Market Segmentation

The market is segmented by source and application. Sources include synthetic and natural agents. Natural anti-caking agents like magnesium carbonate and calcium carbonate are very costly and thus synthetic agents are widely preferred. Major applications of anti-caking agents are in food, feed and fertilizers. Application in food includes bakery, sauces, condiments, seasoning, dairy products, and soups. Applications in fertilizers include potassium, nitrogen, ammonium, phosphorus, and compound based fertilizers. Certain limitations like inert properties and its classification as “Generally Recognized as Safe” (GRAS) is anticipated to complement anti-caking agents market growth. But still, only specific amounts of anti-caking agents are allowed in food & beverage applications, further reducing its consumption in the application. This is anticipated to have an adverse effect on the market growth.

By geography the market is segmented into Europe, North America, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific is anticipated to witness considerable increase in anti-caking agents demand over the aforementioned forecast period due to growing population and rising industrial output in China, India and Japan. North America and Europe are high mature markets with demand anticipated to be fuelled by anti-caking agents application in processed foods. Numerous regulations implemented by European Food Safety Authority to limit development of anti-caking agents are anticipated to challenge European market growth. Rising processed food demand in Brazil and Argentina conjoined with high demand for dairy products is anticipated complement Central & South America market growth over the aforementioned forecast period.

 

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Major Players: 

The major companies dominating this market for its products and services are

Sasol Wax
IMAC INC
BASF
Fuji Chemicals Industries
Grain Corporation
Norkem Group
Chemipol S.A.
Bogdány Petrol Ltd.
Huber Engineered Materials
Evonik Industries AG
Kao Chemicals
PPG Industries, Inc.
PQ Corporation
Sweetener Supply Corp.
The market is expected to witness significant growth during the aforementioned forecast period due to the rising demand for the agent in feeds and fertilizers in the manufacture of fertilizers.

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