Food Anti Caking Agents Market is projected to reach 5.41 billion by 2023
Posted by priya gupta on June 21st, 2019
Food Anti Caking Agents Market Size, Share and Growth Analysis:
Food Anti Caking Agents Market was worth 3.91 million in 2018 and estimated to be growing at a CAGR of 4.4%, to reach 5.41 million by 2023.
Food Anti Caking Agents Market Overview:
Food Anti Caking Agents Market was worth 3.91 million in 2018 and estimated to be growing at a CAGR of 4.4%, to reach 5.41 million by 2023. The anti-caking agent is a food additive that prevents the formation of lumps in certain solids by promoting a free-flowing state. They also help to maintain texture and other organoleptic properties and to improve the shelf life of the products. Anticaking agents are used in road salt, cosmetics, fertilizers, and animal feed and synthetic detergents. They are soluble in water, alcohol, and other organic solvents.
Food Anti Caking Agents Market Drivers and Restraints:
The increasing propensity of users to improve the quality of food has led to an increase in consumption and development of various food ingredients, including food coating ingredients and food and beverage premixes. The rise in use of food ingredients has led to the rise in demand for release agents. The increase in disposable income and the increase in technological improvements in the food and dairy industries are driving this market growth. However, factors such as possible health threats and regulatory requirements could be a challenge to the growth of the anti-caking market.
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Report segmented as
Food Anti Caking Agents Market Geographical Analysis:
Geographically the market is segmented into North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. Europe dominated the Food Anti Caking Agents Market in 2018 and is projected to continue as the largest during the forecast period. Growing demand for convenience foods with characteristics such as improved quality and shelf life in developing economies of Asia has led to the extensive utilization of food anti-caking agents.
Important key Players of Food Anti Caking Agents Market:
The major companies operating in the Food Anti Caking agents’ market are Sasol Wax, Fuji Chemicals Industries, IMAC Inc, Evonik Industries AG, BASF, Norkem Group, Chemipol S.A., PPG Industries Inc., Grain Corporation, Kao Chemicals, PQ Corporation, Huber Engineered Materials, Agropur Ingredients, Bogdány Petrol Ltd. and Sweetener Supply Corp.
The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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About the Authorpriya gupta
Joined: June 18th, 2019
Articles Posted: 30
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