Food Antifoaming Agents Market – Overview:
Antifoaming agents are seeing a rise in demand, as the global population becomes increasingly predisposed to consume convenience or frozen foods. Market reports associated with the food, beverages and nutrition sector made available by Market Research Future along with published reports on various sectors have been recently put out together with a report on this industry. Food antifoaming agents market size is projected to be worth USD 7,686.8 million by 2030, registering a CAGR of 5.92% during the forecast period (2022–2030).
The incremental demand stemming from the beverage industry is boosting the pace of expansion of the market over the forecast period. Elevating production levels worldwide of foods & beverages, convenience food, bakery and confectionery sectors are identified as the key drivers for the market. The foods and beverages industry is anticipated to fuel market while providing novel opportunities for growth.
Segmental Analysis:
The global segmentation of the Food Antifoaming Agents Market Insights is segmented on the basis of application and type. The application basis of segmenting the market comprises of oils & fats, dairy & frozen desserts, bakery & confectionery, beverages, and others. The beverages segment is controlling the market due to the high use of antifoaming agents in the packed beverage products to prevent foam formation. On the basis of the type, the segmentation comprises of silicone, water, oil-based, and others. Among these segments, the silicone-based food antifoaming agents segment controls the key market portion due to its extensive range of product applicability and improved attributes such as thermal stability and chemical inertness.
Detailed Regional Analysis:
The market is segmented into regions such as Asia Pacific, North America, Europe, and rest of the world (RoW). North America is controlling the Food Antifoaming Agents Market Outlook trailed by the Asia Pacific region. The U.S. has increased consumption of food antifoaming agents due to growing awareness about the advantages of using defoamers to improve the industrial efficacy which is driving the market development in this region. Likewise, the rising consumer awareness and predisposition towards food antifoaming agents also experience huge demand in the North American region. Moreover, growing demand for food antifoaming agents in beverages in emerging nations such as China, India, and Japan are expected to increase the development of the market through the forecast period.
Competitive Analysis:
The innovation in products and services is the main factor adding to the market's profitability and swaying the trends that gain prominence in the market. The accessibility to a good labor force along with resources is adding to the overall market growth. The external factors are shaping the market which is dependent on the techniques and the strategic roadmaps that are deployed by market players. The market is relatively well defined in terms of its value and volume. The key success factors and competitors’ tendencies are progressively improving by the strategies being exploited by market players.
The prime competitors in the market consist of Evonik Industries AG (Germany), Ashland LLC (U.S.), BASF SE (Germany), Air Products and Chemicals, Inc. (U.S.), Dow Corning Corporation (U.S.), Ecolab Inc. (U.S.), Elementis Plc. (U.K), Wacker Chemie AG (Germany), HiMedia Laboratories Pvt. Ltd. (India), and Kemira OYJ (Finland).
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