Market Size of Canada Anti-Caking Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.86 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Canada Anti-Caking Market Analysis
The Canadian anticaking market is projected to register a CAGR of 3.86% during the forecast period, 2020-2025.
- The growth in the market is attributed to its moisture absorption functionality, which aids food products in maintaining their organoleptic properties and enhances the shelf-life in food manufacturing and processing. In addition, these agents are used in various food applications, such as bakery, dairy products, soups and sauces, and other applications.
- Some of the commercial anticaking agents available in the market are powered cellulose tricalcium phosphate, sodium bicarbonate, potassium aluminum silicate, polydimethylsiloxane, and magnesium trisilicate.
Canada Anti-Caking Industry Segmentation
The Canadian anticaking market is segmented by type and application. On the basis of type, the market is segmented into calcium compounds, sodium compounds, magnesium compounds, and other types. On the basis of application, the market is segmented into bakery products, dairy products, soups and sauces, and other applications.
By Type | |
Calcium Compounds | |
Sodium Compounds | |
Magnesium Compounds | |
Other Types |
By Application | |
Bakery Products | |
Dairy Products | |
Soups and Sauces | |
Other Applications |
Canada Anti-Caking Market Size Summary
The Canadian anticaking market is experiencing steady growth, driven by the increasing demand for food additives that enhance the quality and shelf-life of food products. Anticaking agents play a crucial role in maintaining the organoleptic properties of food by preventing clumping and ensuring free-flowing textures. These agents are widely used in various food applications, including bakery, dairy products, soups, and sauces. The market is characterized by the presence of commercial anticaking agents such as powdered cellulose, tricalcium phosphate, sodium bicarbonate, and others. The competitive landscape of the food retail industry in Canada, with its diverse retail channels and formats, is further propelling the demand for these additives as consumers seek quality and convenience in their food choices.
The expansion of the Canadian anticaking market is also fueled by changing consumer preferences and the growing inclination towards enhanced food quality. This has led to a broader consumer base and innovation in food ingredients, including food coating ingredients and premixes. The increasing consumption of these ingredients, such as baking powder and instant soup powder, is positively impacting the demand for anticaking agents. Leading companies in the market, including Cargill Inc, Corbion Purac, BASF, Huber Engineered Material, and Kao Corp, are investing in new production facilities to meet the rising demand. These developments underscore the market's potential for growth, driven by the need for effective food additives that ensure product quality and longevity.
Canada Anti-Caking Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Calcium Compounds
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2.1.2 Sodium Compounds
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2.1.3 Magnesium Compounds
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2.1.4 Other Types
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2.2 By Application
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2.2.1 Bakery Products
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2.2.2 Dairy Products
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2.2.3 Soups and Sauces
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2.2.4 Other Applications
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Canada Anti-Caking Market Size FAQs
What is the current Canada Anti-Caking Market size?
The Canada Anti-Caking Market is projected to register a CAGR of 3.86% during the forecast period (2024-2029)
Who are the key players in Canada Anti-Caking Market?
ABITEC association, BASF, Cargill Inc and Corbion Purac are the major companies operating in the Canada Anti-Caking Market.