NORTH AMERICA ANTI CAKING MARKET-GROWTH, TRENDS AND FORECAST (2015-2020)
Food additives which are used to enhance the taste, color, texture of food, same time maintaining the freshness and nutritional content, are expected to cross US $50 billion by 2020; growing at a CAGR of 5.5% from 2014 and 2020. In the food additives market, the market for anti-caking agents, in terms of value, is projected to reach $1.56 billion growing at a CAGR of 4.3% from 2014 to 2020. Anticaking Agent is the food additive that prevents formation of lumps in certain solids, permitting a free-flowing condition. North America is third largest for anti-caking agents after Europe and Asia –Pacific.
Some of the common examples of foods that contain anti-caking agents include:coffee, cocoa, soup powders, Milk and cream powders, Grated cheese, Icing sugar, Baking powder, Cake mixes, Drinking chocolate, Table salt and canned fruits and vegetables as a firming agent. North America was the largest anti-caking agents market in 2013, closely followed by Europe. Increasing demand for bakery and confectionary is driving the market for anti caking agents in North American region. United States is the largest market in the region.
The market is segmented based on type, which include calcium compounds, sodium compounds, Silicon dioxide where silicon dioxide is the most widely used ingredient. Anti-caking agents find applications in Salt, bakery & Confectionary, Dairy & frozen products, and beverages. Bakery & Confectionary is takes up a maximum share in the market.
The leading players in the anti-caking agents market include Evonik Industries AG, Huber Engineered Material, and Kao Corp. Companies are investing in new facilities to expand their production capacities, in order to meet the increasing demand for anti-caking agents. The major constraint being faced by the industry is the high cost for natural anti caking agents and thus the opportunities lies in for the manufacturers to innovate in technological advancements under the natural category.
In this report we offer,
1 Market Definition for the specified topic along with identification of key drivers and restraints for the market.
2 Market analysis for the North AmericaAnti caking agent Market, with region specific assessments and competition analysis on a global and regional scale.
3 Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
4 Extensively researched competitive landscape section with profiles of major companies along with their share of markets.
5 Identification and analysis of the Macro and Micro factors that affect the North AmericaAnti caking agent Market on both global and regional scale.
6 A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Why should you buy this report?
1 For getting a comprehensive overview of the North AmericaAnti caking agent Market.
2 To gain wide ranging information about the major players in this industry and the strategies adopted by them.
3 To gain an insight about the major countries/regions in which this industry is blooming and also identify the regions which are untapped.
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