Anti-Caking Agent Market Trends

  • Report ID: 2646
  • Published Date: Oct 16, 2024
  • Report Format: PDF, PPT

Anti-Caking Agent Market Trends

Growth Drivers

Rising Demand for Better Quality Food Products to Boost the Market Growth

Increasing consumer inclination towards enhanced and better quality of food products is leading to the requirement of innovated and advanced food coating ingredients such as moisture absorbers which has led to a rise in demand for anti-caking agent. According to the European Food Safety Authority (EFSA), addition of an anti-caking agent to salt and its substitutes is considered necessary in order to improve flow properties and to avoid the formation of hardened agglomerates when exposed to moisture and during storage. Moreover, there has been growing diversity in food and changing consumer tastes along with the rising demand for processed and packaged food in recent years. Further, the anti-caking agent provides ease of packaging, transportation, storage and consumption owing to its ability of preventing lumps. This factor is anticipated to significantly expand the anti-caking agent market.

Versatile Applications and Functionalities to Drive the Market Growth

The anti-caking agents not only help in absorbing water or oil from entering the food packaging but also, they facilitate in maintaining the free-flowing ability of packaged materials. Furthermore, their beneficial organoleptic properties, ability to enhance the texture and availability in organic form combined with their free-flow and long shelf-life nature, is fuelling the growth of anti-caking agent market. Additionally, there is a high demand for this product in confectionery, cereals, coffee, fresh meat, and dairy products. On the back of these, the market is predicted to grow over the forecast period.

Challenges

Limited Usage and Side-Effects to Hamper the Market Growth

Despite the growing applications of anti-caking agent, regulatory bodies such as European Food Safety Authority have permitted the usage in food & beverage, only to a specific meagre amount. Further, the adverse side-effects and health hazards may negatively affect the market growth. This is estimated to hinder the growth of anti-caking agent market in the future.

Anti-Caking Agent Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

6.5%

Base Year Market Size (2023)

USD 1.26 billion

Forecast Year Market Size (2036)

USD 2.86 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Rajrani Baghel


  • Report ID: 2646
  • Published Date: Oct 16, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of anti-caking agent is estimated at USD 1.33 billion.

Anti-Caking Agent Market size was valued at USD 1.26 billion in 2023 and is likely to cross USD 2.86 billion by 2036, expanding at more than 6.5% CAGR during the forecast period i.e., between 2024-2036.

Europe industry is expected to dominate majority revenue share by 2036, on account of presence of leading players in the region.

The major players in the market are PPG Industries, Inc., Evonik Industries AG, PQ Corporation, Solvay, Agropur US, Kao Corporation, BASF SE, Brenntag AG, Univar Solutions Inc., Sweetener Supply Corporation, and others.
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