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Bleaching Agents Market Worth 953.8 Million USD by 2023
  • USA - English

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MarketsandMarkets

Jun 01, 2018, 08:30 ET

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PUNE, India, June 1, 2018 /PRNewswire/ --

The report "Bleaching Agents Market by Type (Azodicarbonamide, Hydrogen Peroxide, Ascorbic Acid, Acetone Peroxide, and Chlorine Dioxide), Form (Powder and Liquid), Application (Bakery Products, Flour, and Cheese), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the market is estimated at USD 728.6 Million in 2018 and is projected to reach USD 953.8 Million by 2023, growing at a CAGR of 5.5% during the forecast period. This market is driven by factors such as the increase in the consumption of bread and related bakery products along with advancements in technology for flour evaluation.

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Browse 77 market data Tables and 35 Figures spread through 126 Pages and in-depth TOC on "Bleaching Agents Market"

https://www.marketsandmarkets.com/Market-Reports/bleaching-agent-market-97198526.html

Early buyers will receive 10% customization on this report 

In terms of type, hydrogen peroxide is estimated to hold the largest share in 2018. 

Based on type, the Bleaching Agents Market has been segmented into azodicarbonamide, hydrogen peroxide, chlorine dioxide, ascorbic acid, acetone peroxide, and others (chlorine, sulfur dioxide, calcium peroxide, and benzoyl peroxide). The hydrogen peroxide segment accounted for the largest share in 2018. 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. Hydrogen peroxide primarily bleaches and purifies food products, which, in turn, helps in improving the color of the food products. It also enhances the shelf-life of the products by sterilizing aseptic packaging containers in the food industry. Hydrogen peroxide is used as a bleaching agent in instant tea, starch, lecithin, colored cheese, whey, beef feet, herring, and in emulsifiers that contain fatty acid esters.

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The flour segment, by application, is estimated to account for the largest share of the Bleaching Agents Market in 2018. 

Bleaching of flour helps in the weakening of the proteins and maturation of flour in a reduced amount of time and has thereby become a necessity for flour producers. Bleaching compounds help with the contraction of protein molecules in the flour, which enables it to carry more than its weight in sugar and fat, which improves the baking performance during bread making.

On the basis of form, the powder segment dominated the Bleaching Agents Market. 

In terms of form, the powder segment accounted for a larger share of the global Bleaching Agents Market in 2018. Bleaching agents, in the powdered form, are the most commonly used by manufacturers, as these are easier to use, especially as raw materials in baking processes as compared to the liquid form

The Asia Pacific region dominated the Bleaching Agents Market in 2018. 

In 2018, the Asia Pacific led the global market for bleaching agents. The market for bleaching agents in the Asia Pacific region is projected to be the largest, globally; one of the factors for this is the increase in economic growth and rapid urbanization. The fastest-growing consumer markets such as China, India, and a few other Asia Pacific countries had a combined population exceeding 4.46 billion people as of 2016, according to the Population Reference Bureau. The growing population is one of the important drivers for the growth of the bread industry due to which the Bleaching Agents Market is projected to grow at a significant rate during the forecast period.

This report includes a study of the marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as BASF (US), Aditya Birla Chemicals (Grasim) (India), Evonik Industries (Germany), AkzoNobel (Netherlands), and PeroxyChem (US).

Other players include Hawkins(US), Siemer Milling Company (US), Gujarat Alkalies and Chemicals (India), Solvay (Belgium), Supraveni Chemicals (India), Spectrum Chemicals Manufacturing Corporation (India), and Engrain (US).

Know more about the Bleaching Agents Market: 

https://www.marketsandmarkets.com/Market-Reports/bleaching-agent-market-97198526.html

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
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MarketsandMarkets™ INC.
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USA: +1-888-600-6441
Email: [email protected]

Visit Our Blog: http://www.marketsandmarketsblog.com/market-reports/food-and-beverage  
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SOURCE MarketsandMarkets

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