Published Date: 30-Nov-2022
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According to a new report, published by KBV research, The Global Anti-Caking Agents Market size is expected to reach $1.5 billion by 2028, rising at a market growth of 6.2% CAGR during the forecast period.
The Sodium Compounds market is exhibiting a CAGR of 6.6% during (2022 - 2028). Beverages including beers, soft drinks, and other carbonated beverages are made using sodium molecules. Additionally, they are utilised in foods including noodles, baked goods, and confections. Additionally, it is used as a preservative and to enhance flavour in food and beverage products.
The Synthetic market is leading the segment in the Global Anti-Caking Agents Market by Source in 2021; thereby, achieving a market value of $932.1 million by 2028. Given that they are simple to produce in large quantities and provide manufacturers a more cost-effective multi-purpose option, synthetic anti-caking agents are expected to continue to be in high demand. In recent years, the market has seen an increase in the production of synthetic anti-caking chemicals.
The Seasonings & Condiments market is showcasing a CAGR of 6.9% during (2022 - 2028). Because of their hectic schedules and changing way of life, consumers are constantly increasing their desire for convenience foods that are of excellent quality and have a long shelf life. The increase in demand for food, increased emphasis on hygiene in food manufacturing procedures, concern over food safety, ease of packaging, storage and convenience in transporting powdery food items like seasonings and condiments are all factors that are contributing to the global increase in demand for food anti-caking agents.
The Europe market dominated the Global Anti-Caking Agents Market by Region in 2021; thereby, achieving a market value of $525.8 million by 2028. The Asia Pacific market is anticipated to grow at a CAGR of 6.6% during (2022 - 2028). Additionally, The North America market would witness a CAGR of 5.9% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Evonik Industries AG (RAG-Stiftung). PPG Industries, Inc., Agropur Dairy Cooperative, Huber Engineered Materials (J.M. Huber Corporation), Kao Corporation, Solvay SA, Univar Solutions, Inc., Cabot Corporation and Brenntag SE .
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