Feed Anti Caking Agents Market Size and Growth Forecast 2023

Market Overview:

Feed Anti Caking Agents market size was around USD XX billion in 2018. It is expected to grow at a CAGR of XX% to reach USD XX billion by 2023. Anti- caking agent is an additive, utilized in food industry including seasoning & condiments, dairy bakery, products, meat products, soups & sauces and sweeteners. It is utilized in the form of powder or granules for preventing the formation of lumps and for easing consumption, packaging, and transport. They are nutritionally void. Few commonly used anti-caking agents in food industry are calcium silicate, magnesium stearate, powdered cellulose, sodium aluminosilicate and silicon dioxide, sodium bicarbonate, magnesium tri silicate, calcium Ferro cyanide potassium aluminium silicate, sodium Ferro cyanide, stearic acid, tri calcium phosphate and polydimethylsiloxane . Sodium aluminosilicate is utilized as an anti-caking agent in table salts.

Market Drivers and Restraints:

The market is expected to witness significant growth during the aforementioned forecast period due to the rising demand for the agent in feeds and fertilizers in the manufacture of fertilizers. Demand for fertilizers is expected to rise in order to enhance the crop yield. Increase in demand for fertilizers is expected to fuel the market growth. Factors like ease of transportation and utilization in packaging and consumption are also anticipated to boost the demand for anticaking agents. Robust growth in the livestock industry is one of the key factors propelling the anti-caking agent for feed & fertilizer market.

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