North America Food Anti Caking Agents Market

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

North America Food Anti Caking Agents Market was worth USD 157.06 million in 2022 and estimated to be growing at a CAGR of 3.82%, to reach USD 189.44 million by 2028. North America is third largest for Food Anti Caking agents after Europe and Asia –Pacific.

Market Overview:

Food Additives are the substances that are added to the food apart from ingredients that add additional beneficiary properties to the food. They are added to preserve the quality of food or enhance its taste, appearance or other qualities. Anti caking agents are a type of food additives that are added to prevent the formation of cakes or lumps and aid in packaging, transport and consumption of food.

Drivers and Restraints:

Factors fuelling the growth of market are increasing demand and consumption of bakery and confectionary foods, increasing preference of consumers towards value ingredients, which have forced the manufacturers to make product improvements and need the make anti caking agents. Factors like changing food habits and upsurge in population have also assisted in the growth of market. On the other hand, factors like negative consumer insights and harsh government regulation are hindering the growth of market.

North America Food Anti Caking Agents Market Segmentation Analysis:

North 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.

Region Analysis:

Geographically the North America Food Anti Caking Agents Market is segmented into US, Canada, Mexico and Rest of North America. United States is the largest market in the region in terms of number of shares followed by Canada due to factors like the presence of market leaders coupled with a sophisticated food industry and growing demand for hassle free packaging and transport of food products.

Key Players in the Market:

Major key Players in the North America Food 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