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Food Anti-caking Agents Market size in 2019 is estimated to be $ 655.6 million, growing at a CAGR of 5% during the forecast period 2020-2025. Anti- caking agent is an additive, which used in food industry as an additive to avoid agglomerations in the mass. It is used in the form of powder or granules to prevent the formation of lumps and for easing packaging, consumption and transport. They do not have any nutritional value. Increasing demand of packaged foods and increasing consumption of food ingredients are the major factors driving the growth of the market. Moreover, changing lifestyle and increasing disposable income further enhance the overall market demand for Food Anti-caking Agents during the forecast period 2020-2025.
Type – Segment Analysis
Based on the Type, Food Anti-caking Agents Market is segmented into Calcium Compounds, Sodium Compounds, Magnesium Compounds, and Microcrystalline Cellulose. The calcium compounds segment is forecast to be the fastest-growing segment and is projected to grow at a CAGR of 4.3% during the forecast period 2020-2025. This is mainly owing to increasing rising consumption of food ingredients and the demand for food products with longer shelf-life. Moreover, it provides minerals to human body which increases the strength of body are contributing to the growth of this segment.
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Application – Segment Analysis
Based on the Application, Food Anti-caking Agents Market is segmented into Seasonings and Condiments, Bakery, Dairy Products, Soups & Sauces. In 2019, seasonings and condiments held the largest share in the Food Anti-caking Agents Market. This is mainly owing to increasing number and diversity of food application and changing consumer tastes. Moreover, it provides refreshing taste and contain anti-inflammatory and anti-bacterial properties is also contributing to the growth of this segment.
Geography – Segment Analysis
North America dominated the Food Anti-caking Agents Market share accounting for 40% of the market in 2019. This is mainly owing to increasing demand for high quality food, rising awareness of the nutritional value of prepared foods, technological advancement and product innovation increases.
However, the Asia-Pacific region is projected to be the fastest-growing during the forecast period 2020-2025. This is owing to increasing adoption of western eating habits and rising consumption of nutritional supplements.
Drivers – Food Anti-caking Agents Market
Increasing Demand of Packaged Foods
Increasing demand of packaged foods and increasing consumer demand for fast food are some factors driving the growth of Food Anti-caking Agents Market. Moreover, growing demand for food products with better quality and longer shelf-life is also set to increase the market growth.
Increasing Consumption of Food Ingredients
Rise in the consumption of the food ingredients and increase in demand for food anti-caking agents are some factors driving the growth of the market. Moreover, increasing consumption and development of diverse food ingredients, including food coating ingredients and food & beverage premixes further contributing to the growth of Food Anti-caking Agents Market.
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Challenges – Food Anti-caking Agents Market
Increasing stringent government regulation and growing health hazards are challenging the growth of the market. Moreover, food and beverage sector are allowed only specific amounts of anti-caking agents are further restraining its market growth during the forecast period 2020-2025.
Food Anti-caking Agents Industry Outlook
Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Food Anti-caking Agents Market. Food Anti-caking Agents top 10 companies are Evonik Industries AG, PPG Industries, Inc., Brenntag AG, Univar Inc., Solvay S.A., Agropur Ingredients, Huber Engineered Materials, International Media and Cultures, Inc., PQ Corporation, and Sweetener Supply Corp.
On Febrruary 2017, Brenntag AG has acquisition with Lionheart Chemical Enterprises. This acquisition helped the company’s potential to increases its sales in various sector such as food, oil&gas.
On July 2015, Univar has acquisition with Chemical Associates Inc. This acquisition also helped in expanding its production capacity and its existing products portfolio.
In 2019, North America dominates the Food Anti-caking Agents Market owing to increasing demand for high quality food, rising awareness of the nutritional value of prepared foods, technological advancement and product innovation increases.
Increasing demand of packaged foods and increasing consumption of food ingredients is driving the market growth of Food Anti-caking Agents.
Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the Food Anti-caking Agents Market report.
Increasing stringent government regulation and growing health hazards are challenging the growth of the market.
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B. Dairy Products Market
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