Latin America Anti-Caking Agents Market

Latin America Anti-Caking Agents Market Growth and Forecast (2023 - 2028):

Latin America Anti-Caking Agents Market was worth $92.81 million in 2022 and estimated to be growing at a CAGR of 4.76%, to reach $117.1 million by 2028.

Market Overview:

Anti-caking agents are additives retained in powdered or grounded materials to prevent the formation of lumps or caking. Anti-caking agents are placed in powdered products for the comfort of packaging, transportation and ingestion. They do not have nutritious value. There are several anti-caking agents available in the market which includes tricalcium phosphate, powdered cellulose, etc.

Drivers and Restraints:

Widespread use of anti-caking agents, advancement of the food and beverages industry and increase in disposable income are the key factors driving the market growth. Great demand for antic-caking agents in confectionery, fresh meat, cereals, soups, coffee and dried foods is likely to boost the demand in the forecast period. However, there are several regulations in the use of anti-agents under the Food Safety Authority which is projected to act as a restrictive factor for the market.

Latin America Anti-Caking Agents Market Segmentation Analysis:

Latin America 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.

Region Analysis:

Geographically the Latin America Anti-Caking Agents Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. Mexico is dominating the region’s market for anti-caking agents and predicted to continue the dominance over the forecast period. The Latin American nations of Argentina, Brazil and Mexico agreement create free trade area, blend food legislation and create a positive list of food additives to be permitted throughout the region.

Key Players in the Market:

Major Key Players in the Latin America Anti-Caking Agents Market are

• Sasol Wax
• Fuji Chemicals Industries
• Chemipol S.A
• Huber Engineered Materials
• Agropur Ingredients
• PPG Industries Inc
• Grain Corporation
• IMAC Inc
• Evonik Industries AG
• BASF
• Norkem Group
• Kao Chemicals
• PQ Corporation
• Bogdány Petrol Ltd
• Sweetener Supply Corp