The Food-grade Silica Market is estimated to secure a valuation of USD 785 Million in 2023 and is estimated to rise to USD 1219 Million by 2033. The market is anticipated at a CAGR of 4.5% during the forecast period.
The factor accelerating the demand for food-grade silica are as follows-
The food-grade silica is mainly used as an absorbent and is available in powdered and gel formats. The growth in the market is mainly attributed to widespread use in the food and beverage industry as a thickening agent.
Also, the increasing concern regarding the caking, powdered product free flow ability, increased production time, and lower production speed is likely to drive the food-grade silica market.
The increasing application of food additives in many food products such as dairy, milk, juice, and beer is expected to boost the product demand. The increased use of food-grade silica as an anti-caking agent is likely to drive the growth of the food-grade silica market during the forecast period.
The increasing demand for used food-grade silica in applications like tobacco treatment, catalysts, and pharmaceuticals boosts the demand for food-grade silica. Food-grade silica is also mostly used in the milk powder industry to absorb moisture.
North America is expected to be the fastest-growing market for food-grade silica during the forecast period. The growth of the market is attributed to rapid development in the food flavor industry and increased demand for thickening agents.
Food grade silica is one of the fastest growing markets in the Asia Pacific owing to the changing consumer lifestyle and growing inclination towards processed food and increased use of food ingredients with longer shelf life and anti-caking property.
Some of the key players manufacturing food-grade silica are Evonik, PQ Corporation, Wacker, Tokuyama, OCI Company, Shandong Dongyue Organosilicon Materials, Hoshine Silicon, Libbie Innovative Materia, Jinneng Science and Technology Company among others.
In the food-grade silica manufacturing business, key players are using various strategies such as strategic agreements, mergers, acquisitions, and partnerships and adopting new technology in creating, testing, and releasing new and more efficient food-grade silica.
For instance in May 2022 - Tokuyama corporation decided to expand the capacity of its hydrophobic grade fumed silica production line at its wholes own subsidiary Tokuyama chemical (Zhejiang )Co. Ltd.
The future of the food-grade silica market looks promising, driven by increasing demand from various end-use industries such as food, pharmaceutical, and agriculture. The increasing demand for food-grade silica in emerging markets such as Asia Pacific is expected to provide a growth opportunity for the market.
The increasing focus on sustainability and increased demand for environment-friendly thickening agents are expected to drive the development of new and innovative products. The new entrants are coming up with sustainable products made from natural ingredients.
For instance, founded in 2016 - Brisil technology produces precipitated silica from rice husk ash, the company has developed the technology to produce highly dispersible silica and other grades of precipitated silica from rice husk ash. The product has applications in various end-use industries like food, agriculture, tyre, rubber, and pharmaceuticals.
Data Point | Key statistics |
---|---|
Expected Market value in 2023 | USD 785 Million |
Projected Market Value in 2033 | USD 1219 Million |
Growth Rate (2023 to 2033) | CAGR of 4.5% |
Food grade silica mainly used as thickening agent, is the most common additive in the production of food with unique properties of neutral pH and low water content and acknowledged for purity and nontoxic nature. These food grade silica must necessarily meet safety standards explicit to their use; for instance, if the food grade silica could possibly come into contact with food, it must be made with additives that are nontoxic for related food contact.
Rising concern regarding caking, powder products free flow ability, increased production time and reduced production speed is expected to grow food grade silica market over the forecast period. With numerous other applications such as avoiding powder pollution to production machines, preservatives in milk, juice, beer, cereals, meat additives, and improve taste and lastly can be used as filter aid agent in beer.
Mounting customer consciousness regarding wellness, healthy lifestyle and hygiene is expected to boost the product demand in food and beverage application over the forecast period.
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On the basis of product type precipitated silica are widely used due to their superior absorption, high purity, and anti- caking property in edible salt and powdered food products and as carrier for liquids. Precipitated silica market is expected to grow over the forecast period, on account of increasing applications in food industry and oral care.
Increasing demand in food and beverage industry as an anti-caking agent in is projected to have an optimistic impact on the global food grade silica market. Increasing number of governing approvals from associations like FDA and USA Department of Agriculture regarding the use of food grade silica in food & beverages is expected to lift the demand for market over the forecast.
Fumed silica product segment is expected to be grow in near future due to increasing demand for end use applications such as catalyst, tobacco treatment and pharmaceutical applications is estimated to fuel the demand for fumed silica over the forecast period.
Milk powder application segment is estimated to be the dominant segment in global food grade silica market. Properties of food grade silica namely ability to absorb moisture are expected to boost the demand for food grade silica in milk powder industries. In addition, growing demand in North America and Europe is expected to fuel the food grade silica market.
Some of the key players manufacturing food grade silica are as follows-
In June 2019, the company Evonik started new plant complex in Antwerp for manufacturing of fumed silica. The company has sufficient raw material to supply the site and cater to the increasing demand of clients for fumed silica worldwide.
In March 2019, the company Evonik extended its precipitated silica products for cosmetic industry.
In terms of volume, Asia Pacific held the leading market share of more than 47% of the global food grade silica market in 2019. The region is likely to experience the significant growth in the next few years. Thus, it is anticipated to maintain its dominance during the forecast period.
Asia Pacific and North America are predicted to offer fast-growing markets for food grade silica during the forecast period. Increasing demand for anti-caking property from the food industry and rapid developments in the flavor industry is projected to drive the demand for food grade silica market in these regions.
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The food grade silica market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the food grade silica market report projects the attractiveness of each major segment over the forecast period.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. On The Basis Of Nature 6.2. On The Basis Of Product 6.3. On The Basis Of Application 6.4. On The Basis Of End-Use 7. Global Market Analysis and Forecast, By On The Basis Of Nature 7.1. Powder food grade silica 7.2. Gel food grade silica 8. Global Market Analysis and Forecast, By On The Basis Of Product 8.1. Precipitated food grade silica 8.2. Fumed food grade silica 9. Global Market Analysis and Forecast, By On The Basis Of Application 9.1. Additives 9.2. Thickening agents 9.3. Anti-caking agents 10. Global Market Analysis and Forecast, By On The Basis Of End-Use 10.1. Flavor 10.2. Milk Powder 10.3. Cocoa Powder 10.4. Vegetable Powder 10.5. Others 11. Global Market Analysis and Forecast, By Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. South Asia 11.5. East Asia 11.6. Oceania 11.7. Middle East & Africa (MEA) 12. North America Sales Analysis and Forecast, by Key Segments and Countries 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries 14. Europe Sales Analysis and Forecast, by Key Segments and Countries 15. South Asia Sales Analysis and Forecast, by Key Segments and Countries 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries 17. Oceania Sales Analysis and Forecast, by Key Segments and Countries 18. Middle East & Africa (MEA) Sales Analysis and Forecast, by Key Segments and Countries 19. Sales Forecast by On The Basis Of Nature, On The Basis Of Product, On The Basis Of Application, and On The Basis Of End-Use for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. Evonik 21.2. PQ Corporation 21.3. Jinneng Science and Technology Company 21.4. Zhongkuang Resource (Cabot) 21.5. Wacker 21.6. Tokuyama 21.7. OCI Company 21.8. Shandong Dongyue Organosilicon Materials 21.9. Hoshine Silicon 21.10. Libby Innovative Materia 21.11. Others
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