The anti-caking agent is an additive, which is used in the food industry which includes seasoning and condiments, dairy products, food products, bakery, soups and sauces, and sweeteners. It’s a long way used within the form of powder or granules to save you the formation of lumps and for clean packaging, intake, and shipping. The application of anti-caking agents is utilized in fertilizers, feed, rock salt, cosmetics, and synthetic detergents. Use of anti-caking agent in fertilizer consists of phosphorus, nitrogen, ammonium, and compound based fertilizers.
The Global Food Anti Caking Agents market become worth $713.91 million in 2018 and expected to be growing at a CAGR of 4.4%, to attain $885.41 million by way of 2023.
Drivers and Restraints:
Increasing demand for food and beverage enterprise is primary to an excessive requirement of Food Anti Caking Agents for espresso, chocolate powders and instantaneous soups, which has delivered as much as the ultra-modern market for the usage of anti-caking marketers in the enterprise. The anti-caking agents is driven by factors such as growing demand of client inclination closer to the advantages of packaged food and the choice to spend extra for higher exceptional food. Anti-caking retailers, no longer simplest help in preserving the unfastened-flowing capacity of packaged substances.
But, health dangers and problem-outcomes associated with the use of anti-caking sellers in meals material are expected to bog down the market growth.
Geographically the market is segmented into North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. Europe dominating the Food Anti Caking agents market in 2018 and is projected to preserve as the most important for the duration of the forecast period. Increasing demand for convenience foods with traits which include enriched great and shelf lifestyles in the developing economies of Asia has caused the widespread utilization of food anti caking dealers.
Some of the prominent players of the market include 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.
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
Contact Info: Name: Mr. Abhishek Shukla Email: abhishek@marketdataforecast.com Organization: MarketDataForecast™ Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India. Phone: +1-888-702-9626
