Mexico Anti Caking Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Mexico Anti Caking Market Analysis
The Mexico anti-caking market is projected to grow at a CAGR of 4.5% during the forecast period (2020 - 2025).
- Mexico is an emerging market and is seeing rapid growth in the processed food industry. The anti-caking market in the food and beverage sector is driven largely due to increased consumer exposure to packaged food and beverages in the country.
- Manufacturers in order to prevent the formation of lumps in powdered products, across the applications like detergents, coffee, cement, feed, etc., are incorporating anti-caking agents, during formulations, leading to an increased demand of market studied in the country.
Mexico Anti Caking Market Trends
This section covers the major market trends shaping the Mexico Anti Caking Market according to our research experts:
Growing Market for Processed Food
The growth in the consumption of the food ingredients supported by strong demand for processed/packaged food products in the country is projected to have a positive impact on the growth of food anti-caking agents, due to their properties such as free-flow, texture, other organoleptic properties, and long shelf-life. Some of the common examples of foods that contain anti-caking agents include coffee, cocoa, soup powders, milk and cream powders, grated cheese, icing sugar, baking powder, cake mixes, drinking chocolate, table salt, and canned fruits and vegetables as a firming agent.
Despite the constant exchange rate fluctuations of the USD versus the Mexican Peso, and an increase in consumer prices (2.82% in 2016 vs 2.71% in 2015) affecting the Mexican economy, the internal macroeconomic environment remained steady, keeping the demand for anti-caking ingredients having application in food and beverage applications constant from last few years. Mexican anti-caking ingredient producers are raising the challenge of producing quality goods with an increase in variety, learning, and adapting to growing demands of consumers
Increasing Demand Due to Varied Applications and Functionality of Anti Caking Ingredients
Mexico is one of the major producers of animal feed and is constantly seeking for ingredients that can be incorporated into animal feed. This, in turn, is driving the demand for feed ingredients including anti-caking agents in the feed industry sector of the country. In poultry and cattle anti-caking agents primarily calcium compounds and magnesium compounds is used in feed to stop caking and agglomeration and increase the flow properties of feed ingredients. Furthermore, calcium aluminum silicate, calcium phosphate tribasic, calcium silicate are some of the most commonly used calcium compounds in different end-user industries primarily food, beverage, and animal feed. Calcium silicate (CaSiO3), a common calcium compound that is added to food products such as table salt, etc. adsorbs both water and oil.
Mexico Anti Caking Industry Overview
The leading players in the Mexico anti-caking market include Cargill Incorporated, BASF, Agropur Ingredients, and Evonik Industries AG. Companies are investing in new facilities to expand their production capacities, in order to meet the increasing demand for anti-caking agents, across the country.
Mexico Anti Caking Market Leaders
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BASF SE
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PQ Corporation
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Dr. Oetker (Chemische Fabrik Budenheim KG)
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Evonik Industries AG
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Cargill Inc
*Disclaimer: Major Players sorted in no particular order
Mexico Anti Caking Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables and Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Application
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5.1.1 Food and Beverage
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5.1.1.1 Bakery Products
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5.1.1.2 Dairy Products
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5.1.1.3 Soups & Sauces
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5.1.1.4 Beverages
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5.1.1.5 Others
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5.1.2 Cosmetic and Personal Care
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5.1.3 Feed
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5.1.4 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Position Analysis
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6.3 Company Profiles
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6.3.1 BASF SE
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6.3.2 Agropur Ingredients
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6.3.3 Cargill Incorporated
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6.3.4 PQ Corporation
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6.3.5 Dr. Oetker (Chemische Fabrik Budenheim KG)
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6.3.6 Evonik Industries AG
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6.3.7 PPG Industries, Inc.
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Mexico Anti Caking Industry Segmentation
The mexico anti-caking market is segmented by application which majorly includes food and beverage, cosmetic and personal care, feed, and others. The report contains top-line revenues and market share analysis of the key players, highlighting the most adopted strategies of the companies in the market studied.
| By Application | |||||||
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| Cosmetic and Personal Care | |||||||
| Feed | |||||||
| Others |
Mexico Anti Caking Market Research FAQs
What is the current Mexico Anti Caking Market size?
The Mexico Anti Caking Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)
Who are the key players in Mexico Anti Caking Market?
BASF SE, PQ Corporation, Dr. Oetker (Chemische Fabrik Budenheim KG), Evonik Industries AG and Cargill Inc are the major companies operating in the Mexico Anti Caking Market.
What years does this Mexico Anti Caking Market cover?
The report covers the Mexico Anti Caking Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Anti Caking Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Mexico Anti Caking Industry Report
Statistics for the 2024 Mexico Anti Caking market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Anti Caking analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Mexico Anti Caking Report Snapshots
