Anti-caking Agents Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014-2024 By Acumen Research and Consulting

Introduction:

Anti-caking agents are additives that are available in the form of granulated or powdered materials that aids in preventing the formation of lumps. They are dissolvable in alcohol and water among others. Anti-caking agents create a water repellent coating or absorb excess moisture on the powdered particles. They are applied in powdered products for the ease of consumption, transport and packaging. However, they do not possess any nutritional value. High adaptability of anti-caking agents is one of the key factors expected to push the demand for this market during the forecast period. Additionally, increasing demand for convenience/packaged foods, which is backed by the increasing purchasing power of the consumers is another major contributing factor to the overall growth of the anti-caking market at the global level. Further, the growth of anti-caking market is also attributed to the increasing demand for fast food, takeaway and processed food, and innovation through extensive research and development activities.

Market Dynamics:

Stringent regulations set by the government are likely to inhibit the growth of anti-caking agents market. Further, health hazard of anti-caking agents is another major factor barring the growth of this market at present. However, untapped markets are expected to pose a suitable opportunity for the growth of anti-caking agents market in near future, by allowing major manufacturers to penetrate emerging economies. This is owing due to the exponential growth of food and beverage industry, even in the emerging economies.

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Market Classification:

The Global Anti-Caking Agents Market is classified on the basis of types into natural and synthetic agents. The market for synthetic agents is expected to remain dominant throughout the forecast period due to the high price of natural anti-caking agents such as magnesium carbonate. Some of the common anti-caking agents available in the market are powdered cellulose, sodium bicarbonate, calcium ferrocyanide, sodium ferrocyanide, stearic acid and tricalcium phosphate among others. Sodium aluminosilicate as an anti-caking agent used in table salts. Additionally, it also finds applications in dried milk, egg mixtures, flours and sugar products.

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The market is segmented on the basis of applications into food and beverages, feed, and cosmetics among others. Food and beverages segment is expected to retain market dominance throughout the forecast period on account of its wide application scope. The food and beverage market is further classified into seasonings and condiments, bakery products, dairy products, and soups and sauces among others.

Regional Overview:

The anti-caking agents market in Asia-Pacific is expected to witness a significant growth on account of rising demand for food and beverage items among the consumers. Furthermore, several emerging countries such as India, Japan, and China are the prime targets for penetration by major manufacturers. North America and Europe are matured markets for anti-caking agents and these regions are majorly driven by numerous applications of anti-caking agents in processed food items. However, regulations set by the European Food and Safety Authority (EFSA) for barring the development of anti-caking agents is likely to hinder the European market. The increasing demand for processed foods coupled with rapid demand for dairy products in Argentina and Brazil is likely to complement the growth of anti-caking agents markets in Latin America.

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Market Participants:

The global anti-caking agents market is marked by intense competition from major players operating in this industry. Frequent joint ventures and partnerships, mergers and acquisitions, and innovation through extensive research and development activities are few of the key strategies adopted by these players to sustain in the market. Evonik Industries, Kao Corporation, Huber Engineered Metal, Univar Inc., Brentagg A.G., PPG Industries Inc., Solvay S.A. are some of the key players operating in this industry.

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