Food Anti-Caking Agents Market Research Report Size, Share, Growth & Forecast Report – 2022-2029
The Food Anti-Caking Agents Market is expected to reach around USD 1,265 million in 2029, growing at a CAGR of 5.1% over the forecast period (2022-2029).
The factors driving the growth of Food Anti-Caking Agents Market includes growing demand for food ingredients such as baking powder, milk and cream powder and cake mixes, increasing consumers preference for convenience food products and improvements in the living standards. Moreover, growing adoption of advanced technologies by manufacturers, increasing consumption of processed and packaged food products and rapid urbanization, are some of the additional factors supplementing the Global Food Anti-Caking Agents Market. In addition, anti-caking agents are highly soluble in water and pother organic solvents and absorbs excess moistures by creating water repellent coating along with increasing investments by major companies on research and development and rising population growth rates, are further contributing towards the market growth.
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However, growth of the Food Anti-Caking Agents Market is hindered due to strict regulations imposed by Governments regarding the manufacturing of anti-caking agents.
The leading players operating in the market are Huber Engineered Materials, Solvay, Evonik Industries AG, Merck KGaA, Agropur US, BASF SE, PPG Industries, Inc., Kao Corporation, PQ Corporation and IMAC Inc., among others.
Based on Type, the Silicon dioxide segment is predicted to expand at a significant CAGR during the forecast period
Increasing availability of silicon dioxide in synthetic forms such as rice husk powder, leafy green vegetables, and beets, is propelling growth of the Food Anti-Caking Agents Market size.
Based on Application, the Seasoning & condiments segment is projected to grow at a robust CAGR over the forecast period
Increasing application of food grade anti-caking agents for preventing the formulation of lumps in food products, is the major factor pushing growth of the segment.
Based on Region, the North American region is anticipated to expand at a remarkable CAGR during the forecast period
As per the Food Anti-Caking Agents Market Analysis, growing demand for processed and packaged food products across United States and Canada, rising adoption of advanced technologies by major corporations, increasing population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in the North American region.
Key Development
- In 2019, Solvay developed its hydrogen peroxide plant in Jemeppe-sur-Sambre (Belgium) allowing an increase of hydrogen peroxide production.
Market Segmentation
Segmentation by Type
- Calcium compounds
- Sodium compounds
- Silicon dioxide
- Magnesium compounds
- Microcrystalline cellulose
- Others
Segmentation by Application
- Seasoning & condiments
- Bakery
- Dairy products
- Soups & sauces
- Other Applications
Segmentation by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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