Global Food Anti-caking Agents Market Overview
The key driver impacting the food anti-caking agents market is the rapidly growing packaged food industry across the globe. Food anticaking agents are widely utilized in food items such as milk and cream powders, table salt, flour-based mixes, baking powder, cocoa, mixed coffee beverages, cheese, animal feed nutrients, and other products. This makes a high consumption of food anti-caking agents in the growing packaged food industry. For instance, As per the Institute of Food Technologists, packaged foods and drinks global sales reached $2.1 trillion in 2017 and are expected to expand at a compound annual growth rate (CAGR) of 2.2% through 2022. As a result, the Middle East/Africa and the Asia Pacific food sectors are anticipated to increase in the coming years. Moreover, the rising demand for food products with better quality and longer shelf-life contributes to food anti-caking agents market demand in the coming years. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2020 and foreseen to grow with a CAGR of XX% during 2021-2027.
According to Value Market Research, the global Food Anti-caking Agents market size was valued at about USD 2 billion in 2020 and is estimated to grow at a CAGR of around 12% during the forecast period 2021 to 2027.
The increasing consumption and development of diverse food ingredients, including food coating ingredients and food & beverage premixes, will likely augment the need for food anti-caking agents in the forecast period. However, strict government regulation hampers the market in the long run. In addition, the growing health hazards due to synthetic anticaking agents are negatively impacting the market growth. Nevertheless, the industry trends, the advancement in the food processing industry, and the rising preference for ready-to-eat food might provide massive market opportunities to the market's key players.
The Food anti-caking agents market is widespread, with many local and international players. The market leaders follow diverse strategies to strengthen their market, such as extending product portfolio, acquisitions, contracts, amalgamation, product upgrades to raise their market share globally. The key players taken in the report are Evonik Industries AG, Solvay S.A., PPG Industries, Agropur Ingredients, Univar Inc., Huber Engineered Materials, PQ Corporation, International Media, and Cultures Inc., Kao Corp, Sweetener Supply Corp, and Brenntag AG.
In this research report, the Food Anti-caking Agents market is segmented by type, application, and region.
Analysis by Type:
By type, the report is categorized into calcium compounds, sodium compounds, silicon dioxide, magnesium compounds, microcrystalline cellulose, and other types. The calcium compounds segment dominates the type segment with a market share of 25% in 2020. It is due to the widely used anti-caking food agents, for example, Calcium silicate (CaSiO3), a commonly used anti-caking agent, added to, e.g., table salt, absorbs both water and oil. Moreover, It is available in natural as well as synthetic forms and can it provides minerals to the human body, which increases the strength of the body contributes to the calcium compounds segment's growth in the forecast period.
Analysis by Application:
By application, the report is segmented into seasoning & condiments, bakery, dairy products, soups & sauces, and other applications. The seasoning & condiments segment dominates the application segment with a market share of 30% in 2020. It is due to the growing demand by consumers for convenience food of high quality, and long-lasting shelf life is continuously rising due to the changing lifestyle and hectic schedule. Moreover, growing concern towards ease in storage and packaging, food safety, and convenience in transporting powdery food products like seasonings and condiments contributed to the growth of the seasoning & condiments segment in the forecast period.
Analysis by Region:
In the regional outlook of the global Food anti-caking agents market, the North America region dominates with the largest market share of 30% in 2020. It is due to the high consumption and constantly mounting demand for a varied range of food ingredients and premixes in a diverse range of food products/applications. Moreover, the high consumption of processed and packaged food in the US has been considerably high, contributing to the tremendous market growth across North America.
Market Segmentation covered in the Report:
By Type
- Calcium Compounds
- Sodium Compounds
- Silicon Dioxide
- Magnesium Compounds
- Microcrystalline Cellulose
- Other
By Application
- Seasoning & Condiments
- Bakery
- Dairy Products
- Soups & Sauces
- Other
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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