Regional and country-level analysis and forecasts of the Latin America Food Anti Caking Agents Market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions those are still untapped
Latin America Food Anti Caking Agents Market
PR-Inside.com: 2017-12-07 12:43:29
According to the report “Latin America Food Anti Caking Agents Market By Type (Calcium Compounds, Sodium Compounds, Magnesium Compounds, Microcrystalline Cellulose And Silicon Dioxide) By Application (Spice, Seasoning & Condiments, Bakery, Flavor, Beverages, Dairy, Fruits & Vegetables And Chocolates) And By Region Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)” published by Market Data Forecast, The Latin America Food Anti Caking Agents Market was worth $85.15 million in 2016 and estimated to be growing at a CAGR of 4.76%, to reach $107.44 million by 2021.
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Latin America Food Anti Caking Agents Market Overview:
Recently, the Latin American nations, Argentina, Brazil and Mexico agreed to create free trade area, blend food legislation and create a positive list of food additives to be permitted throughout the region.
Anti caking agents are additives retained in powdered or grounded materials to prevent the formation of lumps or caking. Anti caking agents are placed in powdered products for the comfort of packaging, transportation and ingestion. They do not have nutritious value. There are several anti caking agents available in the market which includes tricalcium phosphate, powdered cellulose, etc.
Widespread use of anti caking agents, advancement of the food and beverages industry and increase in disposable income are the key factors driving the market growth. Great demand for antic caking agents in confectionery, fresh meat, cereals, soups, coffee and dried foods is likely to boost the demand in the forecast period. However, there are several regulations in the use of anti agents under the Food Safety Authority which is projected to act as a restrictive factor for the market.
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Latin America Food Anti Caking Agents Market Segmentation:
Latin America Food Anti Caking Agents Market is segmented by type into Calcium Compounds, Sodium Compounds, Magnesium Compounds, Microcrystalline Cellulose and Silicon Dioxide. Based on application the market is segregated into Spice, Seasoning & Condiments, Bakery, Flavor, Beverages, Dairy, Fruits & Vegetables and Chocolates. 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.
Geographically the Latin America Food Anti Caking Agents Market is segmented into Mexico, Brazil and Argentina. Mexico is dominating the region’s market for Food Anti Caking agents and predicted to continue the dominance over the forecast period.
Key companies operating in Latin America Food Anti Caking agents market:
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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