Increased demand for convenience foods such as packaged foods and ready-to-eat foods drives the growth of the anti-caking agents market.
PORTLAND, Ore., November 22, 2022 /PRNewswire/ — Allied Market Research published a report titled “Anti-caking agent market By Source (Natural, Synthetic), By Type (Calcium Compounds, Sodium Compounds, Others), By Application (Dairy, Bakery, Dressings and Condiments, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031″ According to the report, the global anti-caking agent industry was estimated at $1.1 billion in 2021, and is expected to reach $2.1 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031. The report offers an explicit analysis of changing market trends, major segments, key investment pools, value chain, competitive landscape, and landscape. regional.
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Drivers, Constraints and Opportunities-
Increased demand for convenience foods such as packaged foods and ready-to-eat foods drives the growth of the anti-caking agents market. On the other hand, strict government policies regarding the use of chemicals limit growth to some extent. However, the advent of high-end anti-caking agents and their features that benefit retailers in understanding consumer behavior are expected to create lucrative opportunities in the industry.
- Supply chain disruptions during the Covid-19 pandemic affected the food and beverage industry, which in turn had a totally negative impact on the anti-caking agent market.
- However, the market is now back to normal.
The natural segment to keep the lion’s share.
By source, the natural segment held the largest share in 2021, accounting for more than half of the global anti-caking agent market. Natural anti-caking agents increase product quality, reduce maintenance and downtime caused by machine jams, and lower scrap prices. Both companies and customers benefit from this. These factors drive the growth of the segment. The synthetic segment, on the other hand, would represent the fastest CAGR of 6.8% during the forecast period. Demand for synthetic anti-caking agents is anticipated to remain high because they are easy to produce in large quantities and do not provide producers with a more affordable alternative for a variety of uses.
The segment of calcium compounds will dominate by 2031-
By type, the calcium compounds segment contributed the largest share in 2021, with almost half of the global anti-caking agent market. This is because the calcium compounds prevent dry foods from sticking together, preserving the dryness and flow qualities of the products. The sodium compounds segment, simultaneously, would manifest the fastest CAGR of 6.7% during the forecast period. This is due to the fact that sodium compounds extend the shelf life of food and cosmetics, which also preserve the freshness of dried fruit and vegetable products.
The dairy segment to maintain its dominance-
By application, the dairy segment contributed the largest share in 2021, accounting for nearly two-fifths of the global anti-caking agent market. This is due to the fact that protein, calcium, and B vitamins are nutrients found in dairy products that aid in the development and maintenance of bones and teeth, muscle repair and regeneration, and overall nervous system health. . However, the bakery segment would have the fastest CAGR of 7.1% between 2022 and 2031. This is because without anti-caking chemicals, the ingredients for baked goods like cookies (sugar, flour, and baking powder) they would eventually solidify into blocks of chalk.
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Europe got most of it in 2021-
By region, Europe occupied the largest share in 2021, contributing to more than a third of the global anti-caking agent market. The same region is also projected to show the fastest CAGR of 7.1% between 2022 and 2031. To meet consumer demand and increase overall production, European companies are investing in their infrastructure. In light of all these influences, the market for bakery ingredients in this province is expanding strongly.
Key players in the industry-
- PPG Industries Inc. (USA)
- Brenntag AG (Germany)
- Univar Solutions Inc. (USA)
- Cabot Corporation (USA)
- Ingredients Agropur (USA)
- Evonik Industries AG (USA)
- Kao Corporation.
- IMAC Inc.
- Solvay SA (Belgium)
- Material designed by Huber
The report analyzes these key players in the global Anti-Caking Agents market. These players have incorporated various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is useful for evaluating the operating segments, their business performance and product portfolio, etc.
You want to access the statistical data and graphs, the strategies of the key players: http://bit.ly/3UcYlXb
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