Russia anti caking market size is estimated to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to rising consumption and demand for food ingredients.
Anticaking agent refers to the food additive that prevents the formation of lumps in certain solids, permitting a free-flowing condition. The growing consumption of food ingredients has a significant impact on the growth of food anti-caking agents, owing to their properties such as texture, free-flow, and long shelf-life. Furthermore, increasing the consumption of various food ingredients is anticipated to contribute to the market growth of food anti-caking agents.
The Covid-19 pandemic had an adverse impact on the Russia anti caking market. As production and utilization of food ingredients have changed, food consumption patterns has also changed around the world. Furthermore, restriction of trade activities, distribution networks, and supply chains had a moderate impact on the sales of food products; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.
Market Trends, Drivers, Restraints, and Opportunities
- Growing demand from the bakery industry is expected to drive the market during the forecast period.
- Increasing number of applications of anti-caking agents such as moisture absorption functionality, which helps food products to enhances the shelf-life in food manufacturing and processing and maintaining their organoleptic properties are estimated to surge the market.
- Growing level of consumer inclination toward enhanced food quality, changing consumer tastes, and increasing number and diversity of food applications are the key factors responsible for the market growth.
- Rising consumption of various food ingredients is projected to propel the market over the forecast period.
- R&D investment and technological advancement in Russia anti caking market are expected to offer lucrative opportunities for the market players.
Scope of the Report
The report on Russia anti caking market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Russia Anti Caking Market –Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Type (Calcium Compounds, Sodium Compounds, Magnesium Compounds, and Others) and Application (Bakery Products, Dairy Products, Soups & Sauces, and Others)
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Kao Corporation; Corbion NV; and BASF SE
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Market Segment insights
The calcium compounds segment is projected to constitute a large market share
Based on applications, the Russia anti caking market is segregated into calcium compounds, sodium compounds, magnesium compounds, and others. The calcium compound segment is expected to account for a key share of the market during the forecast period owing to its characteristics as an antacid and table salt in food preparation. Furthermore, it is approved by WHO as a safe food additive in variety of products and is expected to boost the segment growth.
The bakery products segment is expected to register a substantial CAGR
Based on applications, the market is divided into bakery products, dairy products, soups & sauces, and others. The bakery products segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to changing consumer lifestyles towards healthy food habits. Furthermore, the bakery products are undergoing innovation and development in terms of the healthy ingredients to be included in the bakery products which is projected to drive the market.
Segments
Segments Covered in the Report
The Russia anti caking market has been segmented on the basis of:-
Type
- Calcium Compounds
- Sodium Compounds
- Magnesium Compounds
- Others
Application
- Bakery Products
- Dairy Products
- Soups & Sauces
- Others
Key Companies
- Kao Corporation
- Corbion NV
- BASF SE
Competitive Landscape
Key players competing in the Russia anti caking market include Kao Corporation; Corbion NV; and BASF SE
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
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