Top Leaders of Food Anti-Caking Agents Market and Business Strategies
by Mit K. SEOAccording to MarketsandMarkets, the global food anti-caking
agents market 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. The market is primarily driven by
factors such as the growing consumption of snacks and bakery items in the developing
countries, preservation of end product value of food products, ease of
transportation and packaging safety of powdered ingredients.
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Anti-caking agent, also known
as flow aid, is a food additive that enables powders or granulated materials to
flow freely. The additive prevents agglomeration in certain solids by adsorbing
excess moisture, or by coating particles and making them water repellent,
enabling a free-flowing condition. Some of the common examples of food products
containing anti-caking agents include table salt, milk powder, baking powder,
cake mixes, grated cheese, and instant soup mixes among others. Besides the
basic functionality of moisture adsorption, anti-caking agents such as
microcrystalline cellulose are used for additional functionalities as well; as
a binder, stabilizer, and as a bulking agent. The regions such as Europe, North
America and Asia-Pacific markets show increasing trends for consumption of
ready-to make flour mixes,and uniquely seasoned and flavoures snack products.
The silicon dioxide segment is estimated to account for the
fastest growth in the food anti-caking agents market during the forecast
period. Silicon dioxide is added during food preparations (food product
manufacturing) in order to prevent food ingredients from binding together.
Common food applications for silicon dioxide include salt, dry mixes, icing
sugar, and chili powder. The spices sprinkled on the chips (snacks) also
contain silicon dioxide which helps to enhance taste. The Food and Drug
Administration (FDA), World Health Organization (WHO), European Food Safety
Authority (EFSA), Food Standards Australia & New Zealand (FSANZ) and other
regional and local regulatory bodies have recognized silicon dioxide as a safe
additive in food.
The seasonings and condiments segment by application is
estimated to achieve the fastest growth in the food anti caking agents markets
market, as seasonings and condiments are being largely since the pandemic
outbreak through home cooking. The stock up behavior of the populations
globally further drove the sales of this market. The quality of the products
was highly considered as the seasonings and condiments would be soted for
acetain period before use.Thus the market for anti-caking agents in the segment
is expected to grow.
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The Asia Pacific region is estimated to account for the fatsest
growth in the global food anti-caking agents market in 2020. The rising income,
purchasing power, rapid growth of the middle-class population, and consumer
demand for processed products present promising prospects for growth and
diversification in the region’s food anti-caking agents sector. These trends
and preferences have created a conflict in the need for new categories of food
anti-caking agents, as opposed to the resistance to the use of food anti-caking
agents, especially of chemical origin. The high demand for convenience foods
has implications on the food anti-caking agents categories required to prevent
the clumping and prevention against lumps or caking in products.
Key Market Players
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.
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Created on Jun 3rd 2021 05:46. Viewed 289 times.