Food Oxidizing Agents Market: Market Outlook
Food Oxidizing agents, or oxidizers, are used to improve the mixing and dividing properties of dough and the preparation of food products. They enhance gluten reformation, which helps control dough strength and elasticity. Used as dough conditioners, food oxidizing agents are a necessity in the high-speed production of bread. The food oxidizing agents are essential ingredients in the food and beverage industry. Food oxidizing agents are used in a wide variety of food products such as bakery products, frozen, packaged, sweet and confectionary, alcoholic, and non-alcoholic products. Besides, the food oxidizing agents improve the taste, texture, quality, and shelf-life of the food products. Thus, the demand for food oxidizing agents is increasing form the global food and beverage industry. Also, food oxidizing agents are widely used by the foodservice industry in making recipes and new menus. With developing science technology food oxidizing agents can be used in the wide range of food products.
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Food Oxidizing Agents Market: Market Dynamics
Bakery products are the most consumed food products across the world. Bakery products are the most popular products among consumers, owing to their taste and ready to east characteristics. The food oxidizing agents are widely consumed in the bakery products such as bread, muffins, cakes, cookies, etc., as food oxidizing agents are used to improve the mixing and dividing properties of dough in bakery products. Every food oxidizing agent has a different function in food products. For example, the use of ozone in the processing of foods has recently come to the front as an anti-microbial agent for food and beverage treatment, processing, and storage. Ozone is being used as a harmless, powerful disinfectant to control biological growth of undesirable organisms in products and equipment used in the food and beverage industries. Methylcellulose food oxidizing agent used as an emulsifier and thickener in various food and beverages, and cosmetic products. As follows the food oxidizing agents are the essential ingredient in the food and beverage products which is expected to fuel the growth of the global food oxidizing agents market in the forecast period.
Food Oxidizing Agents Market: Key Players
Some of the key players are operating in the global food oxidizing agents market are BAKERpedia, Merck KGaA, Spectrum Chemical Manufacturing Corp., Archer Daniels Midland Company, BASF SE, Du Pont De Nemours and Company, Eastman Chemical Company, and others. These key players are focused on improving the application ratio of the food oxidizing agents and looking for new opportunities in the global food and beverage, and foodservice industry.
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Opportunities for the Key Players in the Global Food Oxidizing Agents Market
North America is anticipated to hold the largest share in the global food oxidizing agents market. The high consumption of bakery and dough-based products in the region is expected to boost the sales of food oxidizing agent in this region. The number of leading food and beverage manufacturers is based in the European countries that are expected to boost the demand for food oxidizing agents in Europe. The Asia Pacific is one of the fastest-growing regions in the world based on population and economy, having the highest number of consumers. Also, the food and beverage manufacturers are focused on expanding their business in the Asia Pacific to serve a larger consumer base. Thus, Asia Pacific is expected to register a significant growth rate in the forecast period of the global food oxidizing agents market.
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Impact of COVID-19 on the Global Food Oxidizing Agents Market.
The world is facing an unprecedented threat from the COVID-19 pandemic caused by the SARS-or-2 virus (referred to as the COVID-19 virus). To stop the spread of COVID-19, all major countries around the world are taking all essential precautions. Initially, the international trade has stopped, manufacturing and supply chain was disrupted due to lack of manpower and shortage of raw material. As food and agriculture commodities trade was allowed as these are essential goods good. Manufacturing has started by taking care of all safety precautions. The demand for food oxidizing agents was declined for some time due to lockdowns and disrupted supply chain. As every industry is started its manufacturing and sales activities, especially food and beverage the demand is increasing for food oxidizing agents. The food oxidizing agents market is expected to register a steady growth rate until the pandemic normalizes across the globe.
