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Food Anti-Caking Agents Market is projected to increase at 5.1% CAGR during 2022-2029, reaching USD 1,265 million | Size, Growth, & Forecast

11-26-2022 01:12 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Gmi Research

Food Anti-Caking Agents Market

Food Anti-Caking Agents Market

Food Anti-Caking Agents Market size was valued at USD 850 million in 2021 and is estimated to reach USD 1,265 million in 2029, exhibiting a CAGR of 5.1% from 2022-2029

For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/food-anti-caking-agents-market-analysis-industry-research/

The factors driving the growth of Food Anti-Caking Agents Market includes growing demand for food ingredients such as baking powder, milk and cream powder and cake mixes, increasing consumers preference for convenience food products and improvements in the living standards. Moreover, growing adoption of advanced technologies by manufacturers, increasing consumption of processed and packaged food products and rapid urbanization, are some of the additional factors supplementing the Global Food Anti-Caking Agents Market. In addition, anti-caking agents are highly soluble in water and pother organic solvents and absorbs excess moistures by creating water repellent coating along with increasing investments by major companies on research and development and rising population growth rates, are further contributing towards the market growth. 

However, growth of the Food Anti-Caking Agents Market is hindered due to strict regulations imposed by Governments regarding the manufacturing of anti-caking agents.

The leading players operating in the market are Huber Engineered Materials, Solvay, Evonik Industries AG, Merck KGaA, Agropur US, BASF SE, PPG Industries, Inc., Kao Corporation, PQ Corporation and IMAC Inc., among others.

Based on Type, the Silicon dioxide segment is predicted to expand at a significant CAGR during the forecast period

Increasing availability of silicon dioxide in synthetic forms such as rice husk powder, leafy green vegetables, and beets, is propelling growth of the segment.

Based on Application, the Seasoning & condiments segment is projected to grow at a robust CAGR over the forecast period

Increasing application of food grade anti-caking agents for preventing the formulation of lumps in food products, is the major factor pushing growth of the segment.

Based on Region, the North American region is anticipated to expand at a remarkable CAGR during the forecast period

As per the Food Anti-Caking Agents Market Analysis, growing demand for processed and packaged food products across United States and Canada, rising adoption of advanced technologies by major corporations, increasing population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in the North American region.

Key Development

In 2019, Solvay developed its hydrogen peroxide plant in Jemeppe-sur-Sambre (Belgium) allowing an increase of hydrogen peroxide production.

Market Segmentation

Segmentation by Type

Calcium compounds
Sodium compounds
Silicon dioxide
Magnesium compounds
Microcrystalline cellulose
Others

Segmentation by Application

Seasoning & condiments
Bakery
Dairy products
Soups & sauces
Other Applications

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/

Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate, Dublin D18 Y3X2, Ireland

GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.

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