Market Size of South America Anti Caking Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.12 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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South America Anti Caking Market Analysis
The South America anti caking market is forecasted to witness a CAGR of 5.12% during the forecast period (2020 - 2025).
- The application of anti-caking agents in the South American region is growing with the increasing number of applications in the food industry, and other industries particularly feed, beauty, cosmetics and personal care, which is driving the market forward.
- The growth in the market is attributed to the anti caking properties, as they aid in absorption of excess moisture or by coating particles to make them more water repellant. In addition to food, anti-caking agents aid other industries, such as those producing detergents too.