Argentina Anti-caking Market - Trends, Growth, and Forecast (2020 - 2025)

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. 

Market Dynamics

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. 

Market segmentation

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.

Key Developments

October 2016: Salt's roll was added to baked goods for flavor enhancement. In baked goods, salt brings out the subtle flavors, like chocolate and fruits, and helps balance spices in sweet goods.

Competitive Landscape

Major Players: Cargill Inc, Kerry Group, Corbion Purac, BASF, IMAC Inc, A Zhengzhou Natural Chemical Co., Ltd., PQ Corporation, PPG Industries, ABITEC association, Danisco, Kao Corp., Huber Engineered Materials, and CP Kelco, among others. Companies are investing in new facilities to expand their production capacities, in order to meet the increasing demand for anti-caking agents. The major constraint being faced by the industry is the high cost for natural anti-caking agents, and thus, the opportunities lies in for the manufacturers to innovate in technological advancements under the natural category.  

Reasons to Purchase this Report

• Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
•  Market dynamics which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis, including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet in excel

Customization of the Report

• Value chain analysis
• Consumer behavior analysis in country level