Food Grade Silica Market – Global Briefing, Growth Analysis And Opportunities Outlook 2023 To 2033
The Food Grade Silica Market is Expected to Increase from US$ 785 Million in 2023 to US$ 1219 Million by 2033 and is likely to record a CAGR of 4.5% during the forecast period.
Food grade silica mainly used as a thickening agent is the most common additive in the production of food with unique properties of neutral pH and low water content and is acknowledged for purity and nontoxic nature. This food-grade silica must necessarily meet safety standards explicit to their use; for instance, if the food-grade silica could possibly come into contact with food, it must be made with additives that are nontoxic for related food contact.
Rising concern regarding caking, powder products free flow ability, increased production time and reduced production speed is expected to grow the food grade silica market over the forecast period. With numerous other applications such as avoiding powder pollution to production machines, preservatives in milk, juice, beer, cereals, meat additives, and improve taste and lastly can be used as filter aid agent in beer. Mounting customer consciousness regarding wellness, healthy lifestyle and hygiene is expected to boost the product demand in food and beverage application over the forecast period.
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Growing Application in Precipitated Silica Segment to Bolster the Market’s Growth Trajectory
On the basis of product type precipitated silica are widely used due to their superior absorption, high purity, and anti- caking property in edible salt and powdered food products and as carrier for liquids. Precipitated silica market is expected to grow over the forecast period, on account of increasing applications in food industry and oral care.
Increasing demand in food and beverage industry as an anti-caking agent in is projected to have an optimistic impact on the global food grade silica market. Increasing number of governing approvals from associations like FDA and U.S Department of Agriculture regarding the use of food grade silica in food & beverages is expected to lift the demand for market over the forecast.
Fumed silica product segment is expected to be grow in near future due to increasing demand for end use applications such as catalyst, tobacco treatment and pharmaceutical applications is estimated to fuel the demand for fumed silica over the forecast period.
Milk powder application segment is estimated to be the dominant segment in global food grade silica market. Properties of food grade silica namely ability to absorb moisture are expected to boost the demand for food grade silica in milk powder industries. In addition, growing demand in North America and Europe is expected to fuel the food grade silica market.
Global Food Grade Silica: Key Players
Some of the key players manufacturing food grade silica are as follows-
In June 2019, the company Evonik started new plant complex in Antwerp for manufacturing of fumed silica. The company has sufficient raw material to supply the site and cater to the increasing demand of clients for fumed silica worldwide.
In March 2019, the company Evonik extended its precipitated silica products for cosmetic industry.
Opportunities for Global Food Grade Silica Market Participants:
In terms of volume, Asia Pacific held the leading market share of more than 47% of the global food grade silica market in 2019. The region is likely to experience the significant growth in the next few years. Thus, it is anticipated to maintain its dominance during the forecast period.
Asia Pacific and North America are predicted to offer fast-growing markets for food grade silica during the forecast period. Increasing demand for anti-caking property from the food industry and rapid developments in the flavor industry is projected to drive the demand for food grade silica market in these regions.
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COVID-19 Impact:
The COVID-19 pandemic affected the global supply chain on a vast scale. The food grade silica manufacturers spend a lot capital while procuring the ingredients since they place a small purchase order. The factor restricting them a good purchase price is low production capacity.
Once these companies are big enough, the restricting factor would be reversed and optimum use of raw materials would be observed. This, in turn, would create a side stream for other companies, thus expanding the food grade silica chain through integration.
The food grade silica market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
By doing so, the research report serves as a repository of analysis and information for every facet of the food grade silica market, including but not limited to: regional markets, end use, nature, product type, application.
The Report Covers Exhaustive Analysis on:
Regional Analysis Includes:
The food grade silica market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the food grade silica market report projects the attractiveness of each major segment over the forecast period.
Highlights of the Food Grade Silica Market Report:
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Global Food Grade Silica: Market Segmentation
On the basis of nature :
On the basis of product :
On the basis of application :
On the basis of end-use :
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jun 30, 2023
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