The market for Food anti-caking agents is estimated at USD 822 million in 2020; it is projected to grow at a CAGR of 5.5% to reach USD 1,074 million by 2025.
The report “Food Anti-Caking Agents Market by Type (Calcium Compounds, Sodium Compounds, Silicon Dioxide, and Microcrystalline Cellulose), Application (Seasonings and Condiments, Bakery, Dairy, and Soups and Sauces), Source & Region – Global Forecast to 2025″, size is estimated to be USD 822 million in 2020 and is projected to reach USD 1,074 million by 2025, at a CAGR of 5.5% during 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.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=3259107
Opportunity: 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.
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 schedules. 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.
The synthetic sub-segment is estimated to account for the largest market share in the by source segment of Food anti-caking agents market over the forecast period.
Synthetic anti caking agents are easy for bulk production is nare a more cost effective multi-pupose alternative to the manufacturers due to which their demand in thre market is estimated to stay strong. The number synthetic anti caking agents manufactuers in the market is also increasing in the recent years.
North America is estimated to be the largest market.
North American markets are estimated to account for the largest market share in the global markets, and this growth 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 major vendors in the global food anti-caking agents market are Evonik Industries AG (US), PPG Industries, Inc. (US), Brenntag AG (Germany), Univar Solutions Inc. (US) and Solvay SA (Belgium).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Address:630 Dundee Road Suite 430
State: IL 60062
Country: United States