Global Food Bleaching Agents Market is projected to grow at a CAGR of 6.23% during the forecast period (2019-2024).
The growing demand for bleaching agents is increasing significantly due to the rising demand for bread and bread-related products, growing urban population, increasing disposable income, and the technological advancements in flour quality assessment.
In the food & beverage processing industry, it is commonly used as a peroxygen agent in products such as flour, bakery foods, natural sugars, natural oils, waxes, gums, and starches.
Key Market Trends
Growing Demand for Functional Flours
Functional flours act as active ingredients in making premium food products are good quality and are healthier than normal products. Present day consumers are less interested in mid-market products. A trend is emerging among these consumers, in which they are seen to be minimizing their expenditures on basic groceries and are instead trying out new premium products available in the market. In the case of functional flour, this trend has been seen mainly in the bakery products that contain such flours.
Asia-Pacific Witness a Significant Market Growth in the Market Studied
Asia Pacific is projected to be the fastest-growing in the food bleaching agents market. The major countries with growth potential in this market include China, India, Japan, and Australia. The developing economies studied in the Asia Pacific region are witnessing a significant demand for flour used in various food applications and the baking industry as a result of decreased flour prices in the region. Furthermore, traditional at-home meals are increasingly being replaced with on-the-go breakfast snacks and meals owing to the growing urban population, increasing disposable income, and changing lifestyles of the people in the region. This, in turn, has led to an increase in the consumption of bread and related products, which is expected to drive the food bleaching agents market in the region.
Competitive Landscape
Some of the major key players in the food bleaching agents market, globally, BASF, Aditya Birla Chemicals, Spectrum Chemical Manufacturing Corp, Engrain, Evonik, among others.
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The growing demand for bleaching agents is increasing significantly due to the rising demand for bread and bread-related products, growing urban population, increasing disposable income, and the technological advancements in flour quality assessment.
In the food & beverage processing industry, it is commonly used as a peroxygen agent in products such as flour, bakery foods, natural sugars, natural oils, waxes, gums, and starches.
Key Market Trends
Growing Demand for Functional Flours
Functional flours act as active ingredients in making premium food products are good quality and are healthier than normal products. Present day consumers are less interested in mid-market products. A trend is emerging among these consumers, in which they are seen to be minimizing their expenditures on basic groceries and are instead trying out new premium products available in the market. In the case of functional flour, this trend has been seen mainly in the bakery products that contain such flours.
Asia-Pacific Witness a Significant Market Growth in the Market Studied
Asia Pacific is projected to be the fastest-growing in the food bleaching agents market. The major countries with growth potential in this market include China, India, Japan, and Australia. The developing economies studied in the Asia Pacific region are witnessing a significant demand for flour used in various food applications and the baking industry as a result of decreased flour prices in the region. Furthermore, traditional at-home meals are increasingly being replaced with on-the-go breakfast snacks and meals owing to the growing urban population, increasing disposable income, and changing lifestyles of the people in the region. This, in turn, has led to an increase in the consumption of bread and related products, which is expected to drive the food bleaching agents market in the region.
Competitive Landscape
Some of the major key players in the food bleaching agents market, globally, BASF, Aditya Birla Chemicals, Spectrum Chemical Manufacturing Corp, Engrain, Evonik, among others.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned
A selection of companies mentioned in this report includes:
- BASF SE
- Aditya Birla Chemicals
- Evonik Industries AG
- Akzo Nobel Inc.
- Solvay Holding Inc.
- Nouryon Holding BV
- Spectrum Chemical Manufacturing Corp
- Engrain Inc.
Methodology
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