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Anti-Caking Agents Market
Region-wise, Europe was the highest revenue contributor, accounting for $392.4 million in 2021, with a CAGR of 7.1%
Demand for anti-caking compounds is also anticipated to increase as a result of factors like ease of packing, transportation, and consumption.” - Allied Market Research
PORTLAND, OR, US, November 10, 2023 /EINPresswire / -- Anti-caking agents are substances that are added in small quantities to meals, cosmetics, and other items to stop them from clumping and adhering. Anti-caking compounds are used to stop lumps from forming, usually in finely powdered materials. Alcohol, water, and other organic solvents can all be used to dissolve anti-caking compounds. They either absorb extra moisture or cover the powdered particles with something that repels water. Anti-caking agents' great flexibility is expected to boost Anti-Caking Agents Market Demand during the forecast period further.
The global Anti-Caking Agents Market Size was valued at $1.1 billion in 2021, and is estimated to reach $2.1 billion by 2031, growing at a CAGR of 6.4% from 2022 to 2031.
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As per application, it is categorized into dairy, bakery, seasoning and condiments, and others. The bakery segment is anticipated to grow at the highest CAGR during the forecast period, due to the consumption of bakery products such as cookies, muffins, pastries and others. The sale of anti-caking agent bakeries is one of the industry's fastest-growing sales channels. Because they are easily available. For the purpose of attracting more customers, this platform provides a variety of discounts on bakery product purchases.
Top Key Players:
The major players analyzed for the global Anti-Caking Agents industry are Evonik Industries AG (US), PPG Industries Inc. (US), Brenntag AG (Germany), Univar Solutions Inc. (US), Solvay SA (Belgium), Cabot Corporation (US), Agropur Ingredients (US), Huber Engineered Material, Kao Corp., IMAC Inc.
Regional Analysis:
In 2021, Europe accounted for 34.5% of the global Anti-Caking Agents Market Share and is expected to maintain its dominance during the forecast period. High demand for bakery food products has led to the use of food additives such as anti-caking agents in the region. Spain, Germany, and France are expected to be the largest markets due to their higher feed production than other European countries. Driven by growing demand for higher-quality meat products, the feed additive market in the region, especially anti-caking agents, is growing rapidly.
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By source, the natural segment held the major share in 2021, accounting for more than half of the global anti-caking agents market. Natural anti-caking agents increase product quality, reduce maintenance and downtime brought on by machine jams, and turn down the price of scrap. Both businesses and customers profit from this. These factors propel the segment growth. The synthetic segment, on the other hand, would portray the fastest CAGR of 6.8% during the forecast period. The demand for synthetic anti-caking agents is anticipated to remain high because they are simple to produce in large quantities and do not provide producers with a more affordable alternative for a variety of uses.
Anti-caking chemicals are used in food and beverages due to rising customer demand for takeout, fast food, and processed foods. Powered cellulose tricalcium phosphate, sodium bicarbonate, polydimethylsiloxane, magnesium trisilicate, potassium aluminum silicate, and polydimethylsiloxane are a few of the commercial anti-caking substances on the market.
Key findings of the study
By source, natural segment was the highest revenue contributor to the market in 2021, and is estimated to reach $1,041.8 million by 2031, with a CAGR of 6.0%.
On the basis of type, calcium compounds segment was the highest revenue contributor to the market in 2021, with a CAGR of 6.1%.
On the basis of application, dairy segment dominated the global market in 2021, and is likely to remain dominant during the forecast period.
Region-wise, Europe was the highest revenue contributor, accounting for $392.4 million in 2021, with a CAGR of 7.1%
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