Food Anti-Caking Agents Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Type (Calcium Compounds, Sodium Compounds, Silicon Dioxide, Others); Application (Seasoning & Condiments, Bakery, Dairy Products, Others); Source (Synthetic, Natural); and Region/Country
The Food Anti-Caking Agents Market was valued at more than USD 800 million in 2020 and is expected to grow at a CAGR of around 5.5% from 2022-2028.
Food anti-caking agents are materials that are added to food to prevent the formation of lumps or clumps. They are commonly used in powdered or granular foods, such as table salt, baking powder, and sugar. The increasing demand for powdered and granular food products such as baking powder, cocoa powder, and powdered milk. For instance, on January 17, 2023, Cacao Barry launched a collection of 8 innovative 100% cacao powders, for infinite creative freedom. A collection of three ranges including eight cacao powders to satisfy all needs and make every use a success. Moreover, the consumption of food ingredients so as food additives such as anticaking agents that drive the food anticaking agents. According to the National Institute of Health, in March 2020, more than 330 food additives (e.g., artificial sweeteners, emulsifiers, dyes) were authorized in Europe, with a great variability of use across food products. Therefore, the above mentioned factors drive the food anti-caking agents market growth.
Evonik Industries AG, PPG Industries, Inc., Brenntag Peru A. C., Univar Solutions Inc., Solvay, Cabot Corporation., Agropur cooperative, Kao Corporation., BASF SE, GME Chemicals (S) Pte Ltd. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst type, calcium compounds held a significant share of the market in 2021”
Based on type, the market is segmented into calcium compounds, sodium compounds, silicon dioxide, and others. The calcium compounds held a significant share of the market in 2021. This is mainly due to the calcium compounds are widely used in the chemical and food & beverages industry for their unique properties such as powdered foods such as spices, baking powder, powdered milk, powdered sugar, and cake mixes. Moreover, the use of calcium compounds as anticaking agents is generally recognized as safe by the US Food and Drug Administration (FDA) when used within certain limits.
“Amongst application, the bakery is expected to grow with a significant CAGR during the forecast period”
On the basis of application, the market is segmented into seasoning & condiments, bakery, dairy products, and others. Among these, the bakery is expected to grow with a significant CAGR during the forecast period. This is mainly due to the increasing demand for bakery products/industry along with the changing lifestyle and rising ex-pat population. According to the World Migration Report 2022, the estimated number of international migrants has increased over the past five decades. The total estimated 281 million people living in a country other than their countries of birth in 2020 was 128 million more than in 1990 and over three times the estimated number in 1970.
Food Anti-Caking Agents Market Report Coverage
“Asia Pacific is expected to grow with a significant CAGR during the forecast period.”
Asia Pacific is expected to grow with a significant CAGR during the forecast period. This is mainly attributed to the rising demand for convenience foods, the adoption of modern food processing techniques and growing awareness about food safety in the region. In addition, As the population of the Asia-Pacific region continues to grow and urbanize, there is an increasing demand for convenience foods that can be quickly prepared and consumed. According to the United Nations Human Settlements Programme, in 2023, Urbanization continues to be a defining megatrend in the Asia-Pacific region. Fifty-four per cent of the global urban population, more than 2.2 billion people, live in Asia. By 2050, the urban population in Asia is expected to grow by 50% – an additional 1.2 billion people.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|2.1.||Research Process of the Food Anti-Caking Agents Market|
|2.2.||Research Methodology of the Food Anti-Caking Agents Market|
|5||IMPACT OF COVID-19 ON THE FOOD ANTI-CAKING AGENTS MARKET|
|6||FOOD ANTI-CAKING AGENTS MARKET REVENUE (USD BN), 2020-2028F|
|8.1.||Seasoning & Condiments|
|10.1.3.||Rest of North America|
|10.2.6.||Rest of Europe|
|10.3.4.||Rest of Asia-Pacific|
|10.4.||Rest of World|
|12||FOOD ANTI-CAKING AGENTS MARKET OPPORTUNITIES|
|13||FOOD ANTI-CAKING AGENTS MARKET TRENDS|
|14.1.||Demand Side Analysis|
|14.2.||Supply Side Analysis|
|15||VALUE CHAIN ANALYSIS|
|18.1.1.||Porters Fiver Forces Analysis|
|19.1.||Evonik Industries AG|
|19.2.||PPG Industries, Inc.|
|19.3.||Brenntag Peru A. C.|
|19.4.||Univar Solutions Inc.|
|19.10.||GME Chemicals (S) Pte Ltd.|
Research Methodology for the Food Anti-Caking Agents Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global food anti-caking agents market were the three major steps undertaken to create and analyze the adoption of food anti-caking agents in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global food anti-caking agents market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the food anti-caking agents market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the food anti-caking agents market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, application, and source. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the food anti-caking agents market. Further, we conducted factor analysis using dependent and independent variables such as various type, application, and source of food anti-caking agents. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the food anti-caking agents market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global food anti-caking agents market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the food anti-caking agents market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global food anti-caking agents market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global food anti-caking agents market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, application, and source in the global food anti-caking agents market.
The main objective of the Global Food Anti-Caking Agents Market Study
The current & future market trends of the global food anti-caking agents market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the food anti-caking agents market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type, application, and source.
- Define and analysis of the regulatory framework for the food anti-caking agents
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the food anti-caking agents market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the food anti-caking agents market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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