(MoneyNewsWire.Net, January 12, 2018 ) According to the report North America Anti-Caking Agents Market, published by Market Data Forecast, The Market was worth $144.1 million in 2016 and estimated to be growing at a CAGR of 3.82%, to reach $173.81 million by 2021. North America is third largest for anti-caking agents after Europe and Asia –Pacific.
Food additives are used to improve the texture of food, taste, color, same time sustaining the freshness and nutritious content. Consumers in North America want food products that supports in maintaining their health, wellness, and their lively routines. Manufacturers of anti-caking agents are trailing forward by addressing consumers’ anxieties through novelties and expansions and achievements to gain market share.
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Growing demand for bakery and confectionary is driving the market for anti-caking agents in North American region. The growth of anti-caking agents is associated to consumers’ search for value ingredients, which have urged product improvements and need the agents to avoid caking. This industry’s growth is ascribed to population growth and the surge in powdered foods, associated with geographical food habits and market maturity. Challenges to the extension of the market come from negative customer insights as to the nutritious value of food anti-caking agents, as well as harsh government regulations.
North America Anti-Caking Agents Market: Segmentation
• Calcium Compounds
• Sodium Compounds
• Magnesium Compounds
• Microcrystalline Cellulose
• Silicon Dioxide
• Seasoning & Condiments
• Fruits & Vegetables
The market for seasonings & condiments is expected to grow at a substantial rate mainly due to the change in consumer's tastes, improvements in food products, and aspiration to attain specific organoleptic properties in food products.
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Geographically the market is segmented into USA and Canada. United States is the largest market in the region in terms of number of shares followed by Canada.
Key companies operating in anti-caking agents market includes, Sasol Wax, Fuji Chemicals Industries, Chemipol S.A., Huber Engineered Materials, Agropur Ingredients, PPG Industries Inc., Grain Corporation, IMAC Inc, Evonik Industries AG, BASF, Norkem Group, Kao Chemicals, PQ Corporation, Bogdány Petrol Ltd. and Sweetener Supply Corp.
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Reasons to buy North America Anti-Caking Agents Market Report:
• Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
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