Industry Insights
[251 Pages Report] According to MarketsandMarkets, the Global Food Anti-Caking Agents Market was worth around USD 822 million in 2020 and is estimated to grow to about USD 1,074 million by 2025, with a compound annual growth rate (CAGR) of approximately 5.5% over the forecast period. The supply and demand for food anti-caking agents in the global market has shifted as a response to the coronavirus crisis, with an increasing uncertainty related to prices. Palm oil, which is the largest type of oil produced globally, faced the impact as demand dropped across the world, trade was disrupted, and production got hampered in Indonesia and Malaysia, according to the top producers of the vegetable oils such as Wilmar International and Mehwah Group that operate in the region. Efforts were being made in many countries to maintain stability in the market.
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Regional Analysis
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.
Key Players in Food Anti-Caking Agents Market
- Evonik Industries AG (US)
- PPG Industries, Inc. (US)
- Brenntag AG (Germany)
- Univar Solutions Inc. (US)
- Solvay SA (Belgium)
- Cabot Corporation. (US)
- Agropur Ingredients (US)
Growing Segments in Food Anti-Caking Agents Market
- Baked Goods and Confectionery: Anti-caking agents are commonly used in the production of baked goods and confectionery items such as cakes, cookies, and chocolates to prevent clumping and maintain product quality. As consumer preferences for these products continue to rise, the demand for anti-caking agents is also increasing.
- Dairy Products: The dairy industry is witnessing a surge in the use of anti-caking agents in products like cheese, powdered milk, and creamers. These agents help maintain the texture and flowability of these products, improving their shelf life and user-friendliness.
- Seasonings and Spices: Anti-caking agents are essential in the seasoning and spice industry to prevent the formation of lumps and ensure consistent flavor dispersion. With the growing interest in global cuisines and the popularity of ready-to-use spice blends, this segment is expanding rapidly.
- Convenience and Processed Foods: With the fast-paced modern lifestyle, convenience and processed foods have become increasingly popular. Anti-caking agents are integral to these products, ensuring that they remain free-flowing and easy to use. This segment is expected to see continuous growth.
- Salt Substitutes: As consumers become more health-conscious and seek to reduce their salt intake, salt substitutes have gained popularity. Anti-caking agents are used in these products to maintain the quality and appearance of the salt alternative. The rising interest in healthier eating is driving the growth of this segment.
- Beverages: The use of anti-caking agents in powdered beverage mixes like instant coffee, tea, and hot chocolate is on the rise. These agents prevent clumping and enhance solubility, providing consumers with a smoother beverage experience.
- Animal Feed: Anti-caking agents are also used in the animal feed industry to maintain the quality and flowability of feed ingredients. As the demand for high-quality animal nutrition grows, this segment is expanding.
- Pharmaceutical and Nutraceuticals: The pharmaceutical and nutraceutical industries are incorporating anti-caking agents into various formulations to ensure uniform dosing and product stability. The growth of health supplements and pharmaceuticals is boosting this market segment.
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