Latin America 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)
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According to the report Latin America Anti-Caking Agents Market, published by Market Data Forecast, The 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.
The Latin American nations of Argentina, Brazil and Mexico agreement 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.
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They do not have nutritious value. There are several anti-caking agents available in the market which includes tricalcium phosphate, powdered cellulose,.
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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.
Latin America Anti-Caking Agents Market: Segmentation
- Calcium Compounds
- Sodium Compounds
- Magnesium Compounds
- Microcrystalline Cellulose
- Silicon Dioxide
- Seasoning & Condiments
- Fruits & Vegetables
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Geographically the market is segmented into Mexico, Brazil and Argentina. Mexico is dominating the region’s market for anti-caking agents and predicted to continue the dominance over the forecast period.
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 access Latin 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
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
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