Global Food Bleaching Agents Market Size, Share, Growth Analysis, By Type(Azodicarbonamide, Hydrogen Peroxide), By Application(Bakery Products, Flour) - Industry Forecast 2024-2031

Report ID: SQMIG30C2005 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 67 | Figures: 61

Global Food Bleaching Agents Market News

In November 2022, Clariant acquired BASF’s U.S. Attapulgite business assets for USD 60 million in cash.
In June 2022, Nouryon has introduced Expancel® HP92 microspheres, a brand-new invention that pushes the limits of thermoplastic microsphere fillers in high-pressure production processes for the automobile sector.
In April 2022, BASF announced to wind down activities in Russia and Belarus except for business that supports food production.
In February 2022, Polyclar brewbrite granules were launched by Ashland, which is an effective solution for upstream purification. It is easier to use as it can be mixed directly into the solution.

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Global Food Bleaching Agents Market size was valued at USD 859.60 million in 2019 and is poised to grow from USD 902.58 million in 2023 to USD 1333.52 million by 2031, at a CAGR of 5% during the forecast period (2024-2031).

Global food bleaching Agents Market is relatively fragmented, with a high level of competition. The major companies account for a share of more than half of the bleaching agents market. These companies have a strong presence in Europe, North America, and the Rest of the World (RoW). They also have manufacturing facilities in these regions and a strong distribution network. 'BASF (Germany)', 'Aditya Birla Chemicals (India)', 'Solvay (Belgium)', 'Nouryon (Netherland)', 'Akzonobel (Netherland)', 'PeroxyChem (US)'

The global market for food bleaching agents is anticipated to be driven by rising demand for hydrogen peroxide in the food and beverage sector. In nations including the United States, Canada, Australia, and New Zealand, hydrogen peroxide is utilized as a bleaching agent in some goods like wheat flour, edible oil, egg white, and others.

Functional flours are key elements in the creation of high-end food products that are of superior quality and healthier than regular fare. Mid-market goods are less popular with consumers today. There is an emerging pattern among these consumers where they are seen to be reducing their spending on essential groceries and trying out fresh, high-end products instead. With regard to functional flour, this tendency has primarily been observed in the baking goods that use such flours.

Asia-Pacific (APAC) now holds a dominant position in the bleaching agent market. The major countries with growth potential in this market include China, India, Japan, and Australia. The Asia Pacific region is 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. Due to the region's growing pulp and paper and chemical industries' demand for hydrogen peroxide. In addition, due to the region's changing lifestyles, growing urban population, and rising disposable income, traditional home meals are increasingly being substituted by on-the-go breakfast snacks and dinners. The market for food bleaching agents in the area is anticipated to grow as a result of the increase in bread consumption and other related goods.

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Global Food Bleaching Agents Market Size, Share, Growth Analysis, By Type(Azodicarbonamide, Hydrogen Peroxide), By Application(Bakery Products, Flour) - Industry Forecast 2024-2031

Global Food Bleaching Agents Market News

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