USD 859.60 million
Food Bleaching Agents Market Size, Share, Growth Analysis, By Type(Azodicarbonamide, Hydrogen Peroxide, Ascorbic Acid, Acetone Peroxide), By Application(Bakery Products, Flour, Cheese, Other), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30C2005 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
67
|Figures:
61
Food Bleaching Agents Market Insights
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.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Bakery products
Fastest Growth
Cheese
Growth Rate
5% CAGR
Global Food Bleaching Agents Market, 2021-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
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Food Bleaching Agents Market Segmental Analysis
The Global Food Bleaching Agents Market is segmented based on Type, Application, and region. Based on the Type, the Global Food Bleaching Agents Market is segmented as Azodicarbonamide, Hydrogen peroxide, Ascorbic acid, Acetone peroxide, Chlorine dioxide, and Others. Based on the Application market is segmented as Bakery Products, Flour, Cheese, and others. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Food Bleaching Agents Market Analysis by Type
Based on the Type the Global Food Bleaching Agents Market is segmented as Azodicarbonamide, Hydrogen peroxide, Ascorbic acid, Acetone peroxide, Chlorine dioxide and Others. Among these, Hydrogen peroxide is usually used as a peroxygen agent in food and beverage processing products such wheat, bakery goods, natural sugars, natural oils, waxes, gums, and starches. The generally regarded as safe (GRAS) status of hydrogen peroxide as a direct ingredient in food items has been verified by the US Food and Drug Administration (FDA). In order to improve the colour of food goods, hydrogen peroxide primarily bleaches and cleanses them. In the food sector, sterilising aseptic packaging containers extends the shelf life of the products.
Food Bleaching Agents Market Analysis by Application
Global food bleaching Agents Market has been segmented on the basis of application as bakery products, flour, cheese and others. freshly milled flour contains carotenoids, it has a slightly yellowish appearance, thus bleaching chemicals are employed to make it appear whiter. Bleaching also oxidizes the flour's surface, increasing its capacity to produce gluten. Bleaching flour has become necessary for flour producers since it speeds up the maturing process and weakens the proteins in the flour. The most popular bleaching chemicals for flour include chlorine dioxide, hydrogen peroxide, and benzoyl peroxide.
Global Food Bleaching Agents Market By Application, 2021 (%)
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Food Bleaching Agents Market Regional Insights
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.
North America is expected to have significant growth in the food bleaching agents market for food bleaching agents. Due to the high consumption of bread and bakery items in this region. In the developed markets of North America and Europe, the expansion of organic bleaching agents is expected to be accelerated by consumers' growing health consciousness.
Global Food Bleaching Agents Market By Geography, 2021-2028
- Largest
- Fastest
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Food Bleaching Agents Market Dynamics
Food Bleaching Agents Market Driver
- 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.
- One of the main uses for food bleaching agents is in bakery goods. Bakery goods such as wheat, bread, pastries, biscuits, and cakes among others use food bleaching agents. The changing lifestyles of people and the rise in disposable income are driving up the demand for bakery goods. Growth is predicted to be fueled by this.
- Improvement in the organoleptic property of the food product by bleaching agent positively drives the market . It helps the consumer to experience the food the via there senses
Food Bleaching Agents Market Restraint
- The market growth is anticipated to be hindered by the ban of specific flour bleaching agents in a number of countries and health problems associated with the bleaching agents, such as harm to the eye, skin, and lungs.
- The strict government rules relating to product usage and the decreased consumption of food goods with chemical additives.
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Food Bleaching Agents Market Competitive Landscape
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.
Food Bleaching Agents Market Top Player's Company Profiles
- BASF (Germany)
- Aditya Birla Chemicals (India)
- Solvay (Belgium)
- Nouryon (Netherland)
- Akzonobel (Netherland)
- PeroxyChem (US)
Food Bleaching Agents Market Recent Developments
- 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.
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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.
Food Bleaching Agents Key Market Trends
An increase in the demand for functional Flours
- 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.
- In order to improve the colour of food goods, hydrogen peroxide primarily bleaches and cleanses them. In the food industries, sterilising aseptic packaging containers extends the shelf life of the products. Hydrogen peroxide has been given the generally regarded as safe (GRAS) designation by the US Food and Drug Administration (FDA) for use as a primary component in food items.
Food Bleaching Agents Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Food Bleaching Agents Market Analysis, in terms of application, the flour segment accounted for the largest share of the market. In terms of form, the powder segment accounted for a larger share of the global market. Among the regions, Asia Pacific is projected to be the fastest-growing market for bleaching agents during the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 859.60 million |
| Market size value in 2031 | USD 1333.52 million |
| Growth Rate | 5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Food Bleaching Agents Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Food Bleaching Agents Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Food Bleaching Agents Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Food Bleaching Agents Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Food Bleaching Agents Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Food Bleaching Agents Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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