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 Insights

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).

The main driving factor in boosting the market's growth is the increasing use of bleaching agents in sectors like textile and paper. Additionally, they are used to prepare baking dough in the food and beverage industry to enhance its structure and flexibility.

A bleaching agent is a chemical substance that is widely used domestically or commercially to whiten or remove color from various products and materials. The product is frequently used in homes to remove stains and brighten clothing. Liquid sodium hypochlorite in a diluted solution can be used as a bleaching agent. The product has calcium hypochlorite in its formulation when it is in powder form.

The most widely used bleaching chemicals can be divided into two groups: peroxygen bleaching agents like hydrogen peroxide and sodium perborate, and chlorine and its associated substances (such as sodium hypochlorite). reducing bleaches falls under a different category.

One of the major factors propelling the growth of the bleaching agents’ market is the rising demand for water treatment across the globe. The market growth is accelerated by the widespread use of bleaching agents in a variety of industries, including pulp and paper, textile, and construction.

US Food Bleaching Agents Market is poised to grow at a sustainable CAGR for the next forecast year.

Global Food Bleaching Agents Market Report Snapshots

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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 Insights

Global Food Bleaching Agents Market Report Snapshots

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