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 food anti-caking agents market is driven by its usage in a wide range of applications, need for varied functionalities in diverse range of food products, concern toward food safety and hygiene in manufacturing practices, and demand for food products with better quality and enhanced shelf life.
The food anti-caking agent market is estimated to grow at a considerably steady rate after the COVID-19 impact. A smooth regulatory environment is expected to be observed in the markets. End users are expected to accept food anti-caking agent at a moderate rate. There would be slight restrictions in the trade/export-import post-COVID-19, which could slightly hamper the market growth. However the regulatory framework favoring the food anti-caking agent market, wide consumer acceptance, favorable trade policies, new entrants in the market, high investments, and low competition from substitute products, and cost of ingredients are expected to boost the demand for food anti-caking agent in the future.
Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=3259107
The high growth in the North American region 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 market in North America is dominated by the US, with share of ~75.1% in 2019. The consumption of processed and packaged food in the US has been considerably high. According to the USDA, the processed food market recorded more than USD 500 billion, and packaged food market recorded USD 388 billion in 2017.
Key players in this market include include major players such as Evonik Industries AG (US), PPG Industries, Inc. (US), Brenntag AG (Germany), Univar Solutions Inc. (US), Solvay SA (Belgium), Cabot Corporation. And Agropur Ingredients (US). These major players in this market are focusing on increasing their presence through expansions & acquisitions. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.
Consumers’ demand for convenience food of high quality and long lasting shelf life is continuously rising due to the changing life style and hectic schedule. 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 growth in the consumption of the food ingredients such as baking powder, milk & cream powder, cake mixes, and instant soup powder is expected to have an influential effect (positive) on the growth of food anti-caking agents, owing to their important functionality of maintaining free-flowing ability, texture & other organoleptic properties, and long shelf-life. Consequently, the growth in the consumption of food anti-caking agents is directly influenced by the growth in consumption of different food ingredients (especially, those that are hygroscopic in nature).
Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=3259107
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.
