The new report by Expert Market Research titled, ‘Global Anti-Caking Agents Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global anti-caking agents market, assessing the market based on its segments like source, type, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2015-2025)
• Forecast CAGR (2020-2025): 4.5%
• Forecast Market Size (2025): USD 950 million
The growing food and beverage sector is aiding the market growth of anti-caking agents, especially due to the rising consumption of packaged food. The rising disposable incomes, increasing population, and changing consumer consumption patterns, with a growing consumption of convenience food, is driving the market for anti-caking agents. With the outbreak of the COVID-19 pandemic, the demand for anti-caking agent is expected to witness a growth due to the heightened demand for processed and higher shelf life food.
Industry Definition and Major Segments
Anti-caking agents can be used as an additive in meat products, seasonings, condiments, soups and sauces, bakery products, dairy products, and sweeteners in the food sector. It is used to prevent the formation of lumps in food products in powder form or granules and for easy packaging, consumption, and transport. Some of the anti-caking agents are sodium ferrocyanide, sodium bicarbonate, and silicon dioxide.
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Based on source, the market is divided into:
By type, the industry is categorised into:
• Calcium Compounds
• Sodium Compounds
• Magnesium Compounds
• Microcrystalline Cellulose
Based on application, the industry is segmented into:
• Food and Beverage
• Cosmetic and Personal Care
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On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The booming food and beverage industry in the North America market is driving the growth of anti-caking agents in the market. For anti-caking agents, the Asia Pacific is among the world’s fastest growing regions. Various factors including evolving habits, growing population, an increasing tendency to consume junk food, preferences for western food, and an increasing understanding of the benefits of packed food are propelling the market growth in the region. The rising technological advancements within the food and dairy sectors is expected to further stimulate the growth of the market.
Key Market Players
The major players in the market are PPG Industries, Inc. (NYSE: PPG), Solvay S.A. (EBR: SOLB), Evonik Industries AG (ETR: EVK), Kao Corporation (TYO: 4452), Norkem Limited, and PQ Corporation (NYSE: PQG), among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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