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.
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.
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.
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.
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.
1.1 Research methodology
1.2 Market Definition
1.3 Report Description
2. Key Findings
3. Market Overview & Dynamics
3.2.1 Growth of food and beverages industry
3.2.2 Wide applications of anti caking agents
3.3.1 High Cost of natural anti caking agents
3.3.2 Demand for Clean label solutions
3.3.3 Stringent regulatory environment
3.4.1 Growing demand for Natural and Nutraceutical Ingredients
3.4.2 Technological Innovations
3.4.3 Wider Acceptance of GSFA for improved International Trade
3.5 Porter’s Five Forces Analysis
3.5.1 Bargaining power of Suppliers
3.5.2 Bargaining power of Buyers
3.5.3 Degree of Competition
3.5.4 Threat of Substitution
3.5.5 Threat of new entrants
4. Market Segmentation
4.1 Anti caking agent, by type
4.1.1 Calcium compounds
4.1.2 Sodium compounds
4.1.3 Silicon Dioxide
4.2 By Application
4.2.3 Dairy & Frozen products
4.2.4 Oils & Fats
4.2.6 Meat poultry & Sea Food products
5. Competitive Landscape Overview
5.1 Market Share Analysis
5.2 Strategies by leading players
5.3 New Product Developments &Other Innovations
6. Competitive Landscape Overview
6.1 Market Share Analysis
6.2 Strategies by leading players
6.3 New Product Developments &Other Innovations
7. Company Profiles
7.1 Cargill Inc
7.2 Kerry Group
7.3 Corbion Purac
7.5 IMAC Inc
7.6 A Zhengzhou Natural Chemical Co., Ltd.
7.7 PQ Corporation
7.8 PPG Industries
7.9 ABITEC association
7.11 Kao Corp.
7.12 Huber Engineered Materials
7.13 CP Kelco
LIST OF TABLES
1.Argentina: Anti - Caking agents market Revenue,by Type, 2012-2020 ($Million)
2.Argentina: Anti - Caking agents market Revenue,by Application, 2012-2020 ($Million)