Latin America Food Anti Caking Agents Market was worth $92.81 million in 2021 and estimated to be growing at a CAGR of 4.76%, to reach $117.1 million by 2026. The recent agreement between the Latin American nations to blend the food legislation has had a positive impact on the permissibility of food additives.
Caking is the formation of cakes or lumps in the food products which cause complications while packing, transport and consumption. Anti caking agents are a type of food additives that prevent the formation of caking either by absorbing the additional moisture or dampness or by covering the particle and making them water repulsive and thus preventing the formation cakes. Some type of commonly used caking agents are silicates, acids, etc.
Factors like varying lifestyles of individuals, inclining preference towards bakery, confectionary and convenience foods, growing population and increasing awareness among the manufacturers regarding complications in packaging of foods and their remedies are driving the growth of market. However, high raw material and processing costs of natural anti caking agents and strict government regulations are the factors restricting the growth of market.
Latin America Food Anti Caking Agents Market is segmented by type into Calcium Compounds, Sodium Compounds, Magnesium Compounds, Microcrystalline Cellulose and Silicon Dioxide. Based on application the market is segregated into Spice, Seasoning & Condiments, Bakery, Flavor, Beverages, Dairy, Fruits & Vegetables and Chocolates. The market for seasonings & condiments is expected to grow at a substantial rate mainly due to the change in consumer's tastes, improvements in food products, and aspiration to attain specific organoleptic properties in food products.
Geographically the Latin America Food Anti Caking Agents Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. Mexico is dominating the region’s market for Food Anti Caking agents and predicted to continue the dominance over the forecast period due to its use in many types of food products like cheese, powder formulas, bakery products and convenience foods.
Key Players in the Market:
Major Key Players in the Latin America Food Anti Caking Agents Market are
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Type
5.1.1 Calcium Compounds
5.1.2 Sodium Compounds
5.1.3 Magnesium Compounds
5.1.4 Microcrystalline Cellulose
5.1.5 Silicon Dioxide
5.2 By Application
5.2.1 Spice
5.2.2 Seasoning & Condiments
5.2.3 Bakery
5.2.4 Flavor
5.2.5 Beverages
5.2.6 Dairy
5.2.7 Fruits & Vegetables
5.2.8 Chocolates
6. Geographical Analysis
6.1 Introduction
6.2 Brazil
6.3 Mexico
6.4 Argentina
6.5 Rest of Latin America
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Sasol Wax
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Fuji Chemicals Industries
8.3 Chemipol S.A.
8.4 Huber Engineered Materials
8.5 Agropur Ingredients
8.6 PPG Industries Inc.
8.7 Grain Corporation
8.8 IMAC Inc
8.9 Evonik Industries AG
8.10 BASF
8.11 Norkem Group
8.12 Kao Chemicals
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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