According to the report, the global food anti-caking agent market was valued at around USD 599 million in 2017 and is expected to reach approximately USD 810 million by 2024, growing at a CAGR of around 4.4% between 2018 and 2024.
New York, NY, Sept. 04, 2018 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Food Anti-Caking Agent Market by Product (Calcium Compounds, Sodium Compounds, Magnesium Compounds, Microcrystalline Cellulose, and Others), By Application (Seasonings and Condiments, Bakery, Dairy Products, Soups & Sauces, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017– 2024”. According to the report, the global food anti-caking agent market was valued at around USD 599 million in 2017 and is expected to reach approximately USD 810 million by 2024, growing at a CAGR of around 4.4% between 2018 and 2024.
Food anti-caking agent is used as an additive, added to powders or graduals in order to prevent forming lumps. They are used in packaged food & beverage products, road salt, cosmetics, and feed & fertilizers to prevent the formation of lumps. Food anti-caking agents are used in food products such as table salt, milk powder, sugar products, floor, and spices. They absorb moisture or create a coating on the food particles in order to avoid the lump formation. Food anti-caking agent doesn’t have any nutritional value.
Browse through 27 Tables & 19 Figures spread over 110 Pages and in-depth TOC on “Global Food Anti-Caking Agent Market: By Type, Size, Industry Share, Applications and Forecast, 2017– 2024”.
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The food anti-caking agent market is anticipated to witness substantial growth within the forecast period. The market is mainly driven by increasing food and beverage market and increasing adoption of packaged food products by consumers. Moreover, increasing demand for good quality food products is likely to impact positively the global food anti-caking agent market over the next few years. However, increase in food safety norms by European Food Safety Authority may restrain food anti-caking agent market. In addition, some studies have shown that food anti-caking agent may cause additional degradation of vitamin C in food products.
On the basis of the product, the market can be classified into calcium compounds, microcrystalline cellulose, sodium compounds, magnesium compounds, and others. Calcium compound is dominating the segment attributed to its high functionality and suitability in the formulation.
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The market can be segmented on the basis of application as seasonings and condiments, bakery, dairy products, dairy products, soups and sauces, and other applications. Seasonings and condiments segment is the fastest growing among other segments due to change in consumer’s taste and innovation in food products.
Europe is currently the leading region in the food anti-caking agent market with respect to revenue generation in 2017. Key factors such as increasing demand for packaged food products and increasing awareness regarding the nutritional value of packaged food products are significantly affecting the food anti-caking agent market. Increasing demand for nutritional powders for babies and adults is expected to affect the food anti-caking agent market positively. This, in turn, is expected to increase the demand for the food anti-caking agent market in this region.
Browse the full “Food Anti-Caking Agent Market by Product (Calcium Compounds, Sodium Compounds, Magnesium Compounds, Microcrystalline Cellulose, and Others), By Application (Seasonings and Condiments, Bakery, Dairy Products, Soups & Sauces, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017– 2024” report at https://www.zionmarketresearch.com/report/food-anti-caking-agents-market
North America followed Europe and is projected to contribute a good share of the food anti-caking agent market till 2024. This is essentially due to technological advancement and product innovation in the food industry. Increasing confectionary and convenience food industry are expected to propel the demand for food anti-caking agent. Moreover, increasing awareness among manufacturers regarding complications in packaging food and their products are driving the growth of the food anti-caking agent market.
The Asia Pacific is projected to witness considerable growth in the food anti-caking agent market in the years to come. This is primarily due to the middle-class population and urbanization. Rapid economic development and increasing population in countries such as India, China, and Japan are increasing food demand which is expected to increase the growth of food anti-caking agent market. Increasing adoption of western food habits is another key factor contributing to the increased demand for food anti-caking agents.
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The Middle East & Africa is anticipated to witness momentous growth in food anti-caking agent market in the upcoming years. The growth is chiefly due to the increasing population and disposable income in the countries such as Iran, Egypt, and others. Moreover, Latin America is anticipated to experience noticeable growth in food anti-caking agent market over the projected period. This growth is largely attributed to increasing GDP, owing to increasing tourism in countries such as Brazil to provide the variety of products.
Some of the leading companies have been investing in technological advancement, product innovation, and maintaining grade standards in order to retain their dominance in the market. Some of the key players operating in the market are, PPG Industries, Inc., Agropur Ingredients, Evonik Industries AG, Brenntag AG, Solvay S.A., Huber Engineered Materials, Univar Inc., International Media & Cultures, Inc., Sweetener Supply Corp., PQ Corporation, and others.
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This report segments the global food anti-caking agent market as follows:
Global Food Anti-Caking Agent Market: Product Segment Analysis
- Magnesium compounds
- Calcium compounds
- Microcrystalline cellulose
- Sodium compounds
Global Food Anti-Caking Agent Market: Application Segment Analysis
- Seasonings and condiments
- Dairy products
- Soups and sauces
Global Food Anti-Caking Agent Market: Regional Segment Analysis
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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