Argentina Anti-caking Market - Growth, Trends, and Forecast (2018 - 2023)
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 USD 52.1billion by 2023, growing at a CAGR of 5.6% from 2018 and 2023. In Argentina food additives market, the market for anti-caking agents in Argentina is projected to register a CAGR of 4.7% during the forecast period, 2018 – 2023. Anticaking agent is the food additive that prevents formation of lumps in certain solids, permitting a free-flowing condition.
The increasing disposable incomes is driving the growth for food & beverages industry, and thereby, driving the demand for anti-caking agents in South America. Some of the common examples of foods that contain anti-caking agents include: coffee, cocoa, soup powders, Milk & cream powders, Grated cheese, Icing sugar, Baking powder, Cake mixes, Drinking chocolate, Table salt, and canned fruits and vegetables as a firming agent.
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 takes up a maximum share in the Argentina anti-caking market.
- October 2016 - Salt roll was added to baked goods for flavor enhancement. In baked goods, salt brings out the subtle flavors, like chocolate and fruits, and helps balance spices in sweet goods.
Major players - A ZHENGZHOU NATURAL CHEMICAL CO. LTD., ABITEC ASSOCIATION, BASF, CARGILL INC., CORBION PURAC, CP KELCO, DANISCO, HUBER ENGINEERED MATERIALS, IMAC INC., KAO CORP., KERRY GROUP, PPG INDUSTRIES, PQ CORPORATION, among others. Reasons to Purchase this Report
- Analyzing outlook of the market with the recent trends and Porters five forces analysis
- Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
- Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
- Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
- Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
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