The Canada anticaking market is expected to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising demand for packed foods.
An anticaking agent is an added substance set in granulated or powdered materials to avoid the development of lumps and facilitate flowability. Glasslike solids are frequently caked by the development of liquid platform and successive combination of microcrystals. Amorphous materials can be caked by glass advancements and changes in thickness. Polymorphic stage conversions can also result in caking.
Some anticaking agents work by engrossing overabundance moisture or by covering particles and making them water-repulsive. Calcium silicate, a normally utilized anti-caking agent, added to table salt, retains both water and oil. Anticaking agents are additionally utilized in non-food products such as fertilizers, synthetic detergents, road salt, manufacturing applications, and cosmetics.
The COVID-19 pandemic adversely impacted the anticaking market owing to disruption in global supply chains, which persuaded companies to shut down their industries. However, the relaxation in the lockdown is expected to positive influence the market growth.
Market Trends, Drivers, Restraints, and Opportunities
- The growth in the consumption of the food ingredients such as baking powder, milk & cream powder, cake mixes, and instant soup powder are major factors of the market growth.
- The dynamic buyers’ preferences, rapid technological innovations, and intense competition are spurring the market growth.
- Changing lifestyle and increasing disposable income are key factors that are anticipated to drive the market growth.
- Stringent food and drug regulations, with respect to the use or presence of anticaking agents, can hamper the growth of market.
- Negative consumer perceptions regarding the nutritive value of anticaking food additives can create challenges for the market growth.
- Increasing demand from emerging markets can create lucrative opportunities for the market growth.
Scope of the Report
The report on the Canada anticaking 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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Canada Anticaking 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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Types (Sodium Compounds, Calcium Compounds, Magnesium Compounds, and Others) and Applications (Dairy Products, Soups & Sauces, Bakery Products, and Others)
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Country
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Canada
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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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BASF; ABITEC association; Cargill Corporation; and Corbion Chemicals company
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Canada Anticaking Market Segment Insights
Calcium compounds segment is expected to grow at a rapid pace
On the basis of types, the market is segregated into sodium compounds, calcium compounds, magnesium compounds, and others. The calcium compounds segment is expected to constitute a key share of the market during the projected period due to growing consumption of food ingredients and the demand for food products with longer lifespan. Additionally, it delivers minerals to human body, which increases the strength of body, contributing to the market segment growth. On the other hand, the calcium compounds segment is estimated to grow at a steady rate in the coming years. Some of the generally used calcium compounds contain calcium aluminum, calcium silicate, and calcium ferro cyanide. Calcium silicates are the chemical composites achieved by reacting silica and calcium oxide in many ratios.
Bakery products segment is anticipated to constitute a key market share
In terms of applications, the market is categorized as dairy products, soups & sauces, bakery products, and others. The bakery products segment is projected to expand at a considerable CAGR during the forecast period. Customers request for convenience food of good quality and long-term lifespan is constantly growing due to the changing life style and chaotic schedule. Rising level of importance on cleanliness in food manufacturing, anxiety toward food security, comfort in packaging and storage, and accessibility in transportation of food products are major drivers of the market segment. Anticaking agents absorbs extra humidity or make them more water repulsive, which benefits prevent clumping. Additionally, these mixtures maintain dryness and free-flowing of food products.
Segments
The Canada anticaking market is segmented on the basis of:
Types
- Sodium Compounds
- Calcium Compounds
- Magnesium Compounds
- Others
Applications
- Dairy Products
- Soups & Sauces
- Bakery Products
- Others
Country
Key Players
- BASF
- ABITEC association
- Cargill Corporation
- Corbion Chemicals Company
Competitive Landscape
The key players competing in the Canada anticaking market are BASF; ABITEC association; Cargill Corporation; and Corbion Chemicals Company.
Companies are engaging in mergers & acquisitions and partnering with food manufacturers to expand their market share. Moreover, they’re focusing on improving their product quality to leverage their market position.
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