Market Size
The global food anti-caking market size was estimated at USD 822 million in 2020 and to reach USD 1,074 million by 2025, at a Compound Annual Growth Rate (CAGR) of 5.5% in terms of value.
Market Growth
The food anti-caking agents market is driven by its usage in a wide range of applications, need for varied functionalities in diverse range of food products, concern toward food safety and hygiene in manufacturing practices, and demand for food products with better quality and enhanced shelf life.
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Some of the market drivers for food anti-caking agents include:
- Growing demand for convenience foods: With an increasing number of consumers leading busy lifestyles, the demand for ready-to-eat or easy-to-prepare foods is rising. Anti-caking agents are widely used in these products to maintain their texture and consistency.
- Rising demand for dairy products: Anti-caking agents are commonly used in dairy products such as cheese and powdered milk to prevent caking and improve shelf life. The increasing demand for dairy products worldwide is expected to boost the demand for food anti-caking agents.
- Increasing demand for processed food: Anti-caking agents are widely used in processed food products such as spice blends, baking mixes, and instant soups to prevent clumping and improve flowability. The growing demand for processed foods is expected to drive the growth of the food anti-caking agents market.
By Application , the seasonings and condiments sub-segment is estimated to accunt for the largest market share in Food anti-caking agents market.
Consumers’ demand for convenience food of high quality and long lasting shelf life is continuously rising due to the changing life style and hectic schedule. Further growth in population, drives the upsurge in demand for food, growing level of emphasis on hygiene in food manufacturing practices, concern towards food safety, ease in storage and packaging, and convenience in transportation of powdery food products such as seasonings and condiments that drive global growth in demand for food anti-caking agents.
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The increasing consumption of bakery snacks and ready-to-eat flour mixes in the North American region, accounts for the high market share of the region.
The high growth in the North American region is attributed to high consumption and continuously rising demand for a diverse range of food ingredients (which are hygroscopic in nature) and premixes in a varied range of food products/applications. The market in North America is dominated by the US, with share of ~75.1% in 2019. The consumption of processed and packaged food in the US has been considerably high. According to the USDA, the processed food market recorded more than USD 500 billion, and packaged food market recorded USD 388 billion in 2017.
Key Market Players
Key players in this market include include major players such as Evonik Industries AG (US), PPG Industries, Inc. (US), Brenntag AG (Germany), Univar Solutions Inc. (US), Solvay SA (Belgium), Cabot Corporation. And Agropur Ingredients (US). These major players in this market are focusing on increasing their presence through expansions & acquisitions. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.
