The Global Food Anti-caking Agents Market- Growth, COVID-19 impact and Forecast (2021-2025)
The Global Food Anti-caking Agents market is segmented by Product Type (Calcium Compounds, Sodium Compounds, Silicon Dioxide, and Microcrystalline Cellulose); Application (Seasonings and Condiments, Bakery, Dairy, and Soups and Sauces); Region (North America, Europe, APAC, ROW).
Introduction
Anti-caking agents bear the unique characteristics to ensure the free flow of granules by making them water repellent. Also, they prevent bridging during the packaging process and enhance the shelf life.
The need for varied functionalities in a diverse range of food products, concern toward food safety and hygiene in manufacturing practices are driving the market growth. On the other hand, stringent government regulations are likely to hamper market demand.
Despite the current pandemic situation, the product manufacturers are recovering their operations in full capacities from 2021 beginning. Along with this, the demand for food anti-caking agents has increased during the lockdown due to the rise in consumption of healthy and hygienic food products.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6. Five Force analysis
7. Market Sizing
8. Market segmentation
9. Geographical Landscape
9.1 APAC
9.2 Europe
9.3 North America
9.4 ROW
10. Growth drivers
10.1 Growing demand for convenience foods
10.2 Functionalities of food anti-caking agents
11. Key Market Trends
12. Impact of Covid-19
13. Challenges
14. Customer Insights analysis
15. Major Market Players
15.1 Evonik Industries
15.2 PPG Industries
15.3 Brenntag
15.4 Univar Solutions
15.5 Solvay
15.6 Cabot Corporation
15.7 BASF
15.8 Kao Corporation
15.9 IMAC
15.10 Agropur
16. Recent Developments
17. Future Scope
18. Strategic Recommendations
Market Overview
The Global food anti-caking agents market is expected to grow to $1,071.20 million by 2025.
Growth momentum is expected to accelerate during the forecast period with 5.23% CAGR.
Silicon dioxide is widely accepted food anti-caking agent and is expected to grow at highest growth rate during the forecast period.
North America dominated the market due to increasing consumption of bakery snacks and ready-to-eat flour mixes.
Key Trends
Increasing demand from emerging countries are anticipated to propel the demand for the market in the coming years.
In recent times, there is a significant investment in research and development activities which is expected to create lucrative opportunities in the near future.
Key Market Players
Some of the key players in the market are Evonik Industries, PPG Industries, Brenntag, Univar Solutions, Solvay, Cabot Corporation.
The industry participants are adopting various strategies such as increasing their presence through expansions & acquisitions. This is mainly sustained in the competitive environment of the market.
Growth Drivers and Challenges
Growing demand for convenience foods is driving the market demand.
The rising awareness about food safety among consumers is also contributing to market growth.
Functionalities of food anti-caking agents are also another factor contributing to the market demand.