The report “Food Anti-Caking Agents Market by Type (Calcium Compounds, Sodium Compounds, Silicon Dioxide, and Microcrystalline Cellulose), Application (Seasonings and Condiments, Bakery, Dairy, and Soups and Sauces), Source & Region – Global Forecast to 2025″, size is estimated to be USD 822 million in 2020 and is projected to reach USD 1,074 million by 2025, at a CAGR of 5.5% during the forecast period. One of the major factors driving the food anti-caking agents industry is the increasing gap between cocoa butter demand & supply. Also, the increase in the consumption of confectionery and processed foods and the rise in the demand for clean-label food products have been driving the growth of this market.
COVID-19 Impact on the Global Food Anti-caking Agents Market
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.
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Opportunity: Demand from emerging markets
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.
Challenge: Impact of anti-caking agents on the nutritive value of the food product
Anti-caking agents are widely used in powdered and granulated food particles to prevent the formation of lumps. They are frequently added to powdered foods to prevent the breakdown of certain nutrients, especially vitamin However, it has been found that anti-caking agents may degrade the nutrients in a powdered formulation. Instead of protecting certain nutrients, it may accelerate the breakdown of beneficial compounds such as vitamin.
By Application, the seasonings and condiments sub-segment is estimated to accunt for the largest market share in Food anti-caking agents market.
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 the transportation of powdery food products such as seasonings and condiments that drive global growth in demand for food anti-caking agents.
The synthetic sub-segment is estimated to account for the largest market share in the by source segment of Food anti-caking agents market over the forecast period.
Synthetic anti caking agents are easy for bulk production is nare a more cost-effective multi-purpose alternative to the manufacturers due to which their demand in the market is estimated to stay strong. The number of synthetic anti-caking agents manufacturers in the market is also increasing in recent years.
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North America is estimated to be the largest market.
North American markets are estimated to account for the largest market share in the global markets, and this growth 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 major vendors in the global food anti-caking agents market are Evonik Industries AG (US), PPG Industries, Inc. (US), Brenntag AG (Germany), Univar Solutions Inc. (US) and Solvay SA (Belgium).
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