Global Food Grade Silica Market Overview:
Food Grade Silica is chemically stable. It does not build up in the human body. Food Grade Silica is widely used in food as well as in medicines. Food-grade silica can help to avoid caking of foods. Caking occurs as moisture is absorbed or when pressure is applied. Silica has a high adsorption capacity and is an outstanding flow promoter. Food Grade Silica is also used to increase the production speed of food. Primarily food grade silica used as a preservative for foods and as an improver of taste.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Adoption of Pouch Packaging for Food Grade Silica
Market Growth Drivers:
Need of Food Grade Silica as An Anti-Caking Agent and The demand of Food Grade Silica to Improve Flavour
Challenges:
Negative Public Perception About Preservatives and Stringent Government Regulation About Use of Food Grade Silica
Restraints:
Adoption of Pouch Packaging for Food Grade Silica
Opportunities:
The demand of Food Grade Silica in Pharmaceuticals Will Boost Its Demand and Emerging Trend of Packaged Food Will Increase the Demand of Food Grade Silica
Competitive Landscape:
Competition among existing players is due to the microgrid market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for microgrid market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage.
Some of the key players profiled in the report are Anten Chemical Co., Ltd. (China), Evonik (Germany), Tata Chemicals (India), Madhu Silica Pvt. Ltd. (India), JK Silica (China), PQ Corporation (United States), Jinneng Science and Technology Company (China), Wacker (Germany), OCI Company (South Korea), Oriental Enterprises (India) and SFJ Industries Pvt. Ltd (India). Considering Market by Industry Verticals, the sub-segment i.e. Foods and Beverages will boost the Food Grade Silica market. Considering Market by Sales Channel, the sub-segment i.e. Direct will boost the Food Grade Silica market.
Latest Market Insights:
In January 2019, U.S. Silica Holdings, Inc., has purchased a former ceramic proppant facility in Millen, GA that will be converted into manufacturing high-end products for the Company's Industrial and Specialties Products (ISP) business.
In June 2023, Nouryon, a global specialty chemicals leader, today announced the launch of Kromasil 100Å diC4 spherrical silica. This patent-pending, high-efficiency chromatography media is used for the purification of novel peptide-based pharmaceuticals in the GLP-1 agonist class including type 2 diabetes and obesity treatments.
According to FDA, “The food additive silicon dioxide may be safely used in food in accordance with the following conditions: a) The food additive is manufactured by vapor-phase hydrolysis or by other means whereby the particle size is such as to accomplish the intended effect. b) It is used in only those foods in which the additive has been demonstrated to have an anticaking effect.” etc.
What Can be Explored with the Food Grade Silica Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Food Grade Silica Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Food Grade Silica
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Food Grade Silica market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Food Grade Silica market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Food Grade Silica Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.