Anti-Caking Agents Market Growth and Forecast to 2024
Posted by shanigaram karthik on August 8th, 2019
An anti-caking agent is a kind of an additive that is added to powdered or granulated materials such as table salt or confectionaries so as to avert the formation of lumps. The formation of lumps is an undesired situation called caking. The purpose of adding an anti-caking agent to food products is to act as a food additive that keeps powders or granulated materials such as milk powder, powdered sugar, tea and coffee powders employed in vending machines, table salt etc. flowing freely. In terms of anti-caking agent applications in animal feed, red lake diatomaceous earth develops the fluidity and mixing abilities of the animal feed. The world anti-caking agent is expected to be USD 655 million and estimated to increase to USD 812.35 million with a CAGR of 4.4%.
Market drivers and restraints:
High use of anti-caking agents, growth of the food and beverages market and an increase in disposable income are the major factors driving the market growth. Furthermore, growing awareness regarding packaged food products would fuel the market growth. Nevertheless, factors such as potential health hazards and government regulations might be challenging for the growth of this market. Rising demand from growing markets and advancement in technology is estimated to offer several opportunities for the market.
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Report segmented as:
Based on geography, the global anti-caking agents market is segregated into North America, Europe, Asia-Pacific, and Latin America and the Middle East and Africa. The Asia Pacific is estimated to witness high growth in anti-caking agents demand over the forecast period on account of increasing population and rising industrial output in China, India and Japan.
Important market players:
Major players operating in the market are Huber Engineered Material, Kao Corp., Evonik Industries AG, IMAC Inc., PPG Industries Inc., PQ corp., BASF SE, Chepicol S.A., and Sweetener Supply Corp.
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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 a 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 Authorshanigaram karthik
Joined: June 19th, 2019
Articles Posted: 71
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