Food Anti-Caking Agents Market | Key Players, Industry Segments, Landscape, Demand and Forecast to 2023
Research Reports
Jan 05, 2021
Market Overview
Food Anti-Caking Agents Market is projected to grow at a CAGR of 4.5% over the forecast period. Food anti-caking agents are fine powdered substances, used as an additives to prevent the formations lumps in food. They are used to absorb excess moisture or to create a water-repellent coating on the food surface. They are also used in the food products to increase the shelf-life of food. Apart from these properties, they also helps in maintaining the taste and physical appearance of the food product. Owing to these listed properties, it has increased the global food anti-caking agents market.
Europe is the leading market for food anti-caking agents and is expected to grow substantially over the forecast period 2017-2023. In Europe, Germany and France are dominating the food anti-caking agents market because of changing lifestyle of the consumers, which has increased the demand for the use of convenience food. High demand in the food industry has increased the demand for food anti-caking agents in this region.
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Furthermore, regulations for the use of anti-caking agents in food under the European Food Safety Authority is expected to hinder the growth rate of the market in upcoming years. Considering these factors, Europe is projected to grow at a CAGR of 4.5 % during the forecast period 2017-2023.
Major Key Players
The key players profiled in the Food Anti-Caking Agents Market are Solvay S.A. (Belgium), Evonik Industries (Germany), Agropur MSI, LLC (the U.S.), Univar Inc. (the U.S.), Brenntag (Germany), PPG Industries (the U.S.), International Media and Cultures, Inc. (the U.S.)
The global Food Anti-Caking Agents Market is segmented on the basis of type and applications. Based on the type, calcium compounds based food anti-caking agents holds a major share amongst the various types. On the basis of application, the soups and sauces industry holds a bigger market share.
Industry Segments
Food anti-caking agents market is segmented on the basis of type, which includes calcium compounds, sodium compounds, magnesium compounds, microcrystalline cellulose compounds, others. Among all, the calcium compounds hold a major share of the global market because of rising consumption of food ingredients and the demand for food products with longer shelf-life.
The global food anti-caking agents market is segmented on the basis of application, which includes bakery products, dairy products, soups and sauces, seasonings and condiments, others. Among all, the soups and sauces show a high growth followed by seasonings and condiments because of their high consumption by the population.
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Regional Analysis
The global food anti-caking agents market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Europe market is dominating the global anti-caking agents market followed by North America. In Europe, Germany and France are the major consumers of food anti-caking agents, due to high consumption of ready to eat foods. Moreover, Asia Pacific region is expected to grow in the food anti-caking agent during the forecast period 2017-2023. Owing to rising population and consumer shift towards convenience food.
Furthermore, China, India & Japan are expected to show a high market share of the global food anti-caking agents market in Asia Pacific region.
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