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.
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