[251 Pages Report] According to MarketsandMarkets, the Global Food Anti-Caking Agents Market was worth around USD 822 million in 2020 and is estimated to grow to about USD 1,074 million by 2025, with a compound annual growth rate (CAGR) of approximately 5.5% over the forecast period. One of the major factors driving the food anti-caking agents industry is the increasing gap between cocoa butter demand & supply. Also the increase in the consumption of confectionery and processed foods and rise in the demand for clean label food products have been driving the growth of this market.
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North America is estimated to be the largest market
It's projected that North America will hold the dominant position in terms of market size. The markets in North America are expected to have the biggest share in the global market arena. This expansion is driven by substantial consumption and a consistent increase in demand for a wide variety of food ingredients (which have moisture-absorbing properties) and premixes used in a diverse range of food products and applications.
Top Key Players in Food Anti-Caking Agents Market
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.
Rising consumption of food ingredients
The growth in the consumption of the food ingredients such as baking powder, milk & cream powder, cake mixes, and instant soup powder is expected to have an influential effect (positive) on the growth of food anti-caking agents, owing to their important functionality of maintaining free-flowing ability, texture & other organoleptic properties, and long shelf-life. Consequently, the growth in the consumption of food anti-caking agents is directly influenced by the growth in consumption of different food ingredients (especially, those that are hygroscopic in nature). These are the driving factors of food anti-caking agents market.
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Demand from emerging markets
Increase in living standards and changes in lifestyles (busy lifestyles) have led to change in eating habits, making consumers value convenience. The demand for food anti-caking agents is thus on the rise in emerging markets as the demand for convenience food with enhanced quality and shelf-life is increasing. Fast foods are also being increasingly differentiated from junk food as consumers seek options that are quick and easy but at the same time healthy. These are the opportunities of food anti-caking agents market.
During the forecast period, the category of calcium compounds is expected to lead the market, capturing the largest market share
Calcium compounds find utility in a range of applications, spanning from salt, garlic salt, and onion salt to baking powder, dry cure, unstandardized dry mixes, confectioner's sugar (also known as icing sugar), meat binders, and grated or shredded cheddar and other cheese varieties. Given the robust growth of these product markets, particularly in developed nations, the demand for food anti-caking agents is anticipated to experience significant expansion.