Anti-Caking Agents Market Expected to Reach $2.1 Billion
According to a new report published by Allied Market Research, titled “Global Anti-Caking Agents Market”, the global anti-caking agents market size was valued at $1.1 billion in 2021 and is expected to reach $2.1 billion. dollars by 2031, growing at a CAGR of 6.4% from 2022 to 2031.
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Anti-caking agents are substances that are added in small amounts to meals, cosmetics, and other items to prevent them from clumping and sticking. Anti-caking compounds are used to prevent the formation of lumps, usually in fine powder materials. Alcohol, water, and other organic solvents can all be used to dissolve anti-caking compounds. They absorb extra moisture or cover the powder particles with something that repels water. The high flexibility of anti-caking agents is expected to further drive the demand for the anti-caking agents market over the forecast period. The demand for anti-caking compounds is also expected to increase due to factors such as ease of packaging, transportation and consumption. Rising demand from a number of industries including food, feed and fertilizer sectors is expected to drive the growth of the global anti-caking agents market. The major factors driving the global anti-caking agents market are increasing demand for packaged foods and increasing disposable income.
Anti-caking chemicals are used in food and beverages due to growing customer demand for take-out, fast food, and processed foods. Powdered cellulose tricalcium phosphate, sodium bicarbonate, polydimethylsiloxane, magnesium trisilicate, potassium aluminum silicate and polydimethylsiloxane are some of the commercial anti-caking substances on the market.
The global anti-caking agents market is segmented into source, type of application and region. By source, the anti-caking agents market is segmented into natural and synthetic. Among these, the synthetic segment occupied the major share of the market in 2021 and is expected to maintain its dominance during the forecast period. The growth of the natural segment is attributed to the surge in demand for skiing and an increasing number of food industries. However, the natural segment is expected to grow at the highest CAGR in the future.
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By type, it is classified into calcium compounds and sodium compounds, and others. The sodium compounds segment is expected to grow at the highest rate over the forecast period owing to the growing desire among the young population to enjoy health benefits.
According to the application, it is classified into dairy products, bakery, seasonings and condiments, and others. The bakery segment is expected to grow at the highest CAGR over the forecast period, owing to the consumption of bakery products such as cookies, muffins, pastries, and others. The sale of baking anti-caking agents is one of the fastest growing sales channels in the industry. Because they are readily available. In an effort to attract more customers, this platform offers a variety of discounts on purchases of baked goods.
In 2021, Europe accounted for 34.5% of the global anti-caking agents market share and is expected to maintain its dominance during the forecast period. The high demand for bakery food products has led to the use of food additives such as anti-caking agents in the region. Spain, Germany and France are expected to be the largest markets due to their higher feed production than other European countries. Driven by an increasing demand for higher quality meat products, the market for food additives in the region, especially anti-caking agents, is growing rapidly.
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Under the influence of COVID-19, Food Anti-Caking Agents market trends are estimated to grow quite steadily. The market should have a smooth regulatory environment. End users are expected to accept food release agents to a moderate extent. There are slight trade/export restrictions post COVID-19 which may slightly hamper the growth of the Anti-Caking Agents Market. However, the regulatory framework supporting the food anti-caking agents market, wide consumer acceptance, favorable trade policies, new entrants, high investments, low competition with alternative products, and cost of ingredients are solidifying the food. Anti-caking agents are expected to drive the demand for baking agents in the future.
Key Players Analyzed for Global Anti-Caking Agents Industry are Evonik Industries AG (US), PPG Industries Inc. (US), Brenntag AG (Germany), Univar Solutions Inc. (US), Solvay SA (Belgium), Cabot Corporation (USA), Agropur Ingredients (USA), Huber Engineered Material, Kao Corp., IMAC Inc.
KEY FINDINGS OF THE STUDY
By source, the natural segment was the largest contributor to market revenue in 2021 and is expected to reach $1,041.8 million by 2031, growing at a CAGR of 6.0%.
Based on type, the calcium compounds segment was the largest contributor to market revenue in 2021, growing at a CAGR of 6.1%.
Based on applications, the dairy products segment dominated the global market in 2021 and is expected to remain dominant during the forecast period.
Regionally, Europe was the largest revenue contributor, accounting for $392.4 million in 2021, at a CAGR of 7.1%.
Access the full summary: https://www.alliedmarketresearch.com/anti-caking-agents-market
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