Allied Market Research published a report, titled, “Anti-Caking Agents Market by Source (Natural, Synthetic), by Type (Calcium Compounds, Sodium Compounds, Others), by Application (Dairy, Bakery, Seasonings and Condiments, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031.” According to the report, the global anti-caking agents industry was estimated at $1.1 billion in 2021, and is anticipated to hit $2.1 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031. The report offers an explicit analysis of the changing market trends, top segments, key investment pockets, value chain, competitive scenario, and regional landscape.
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Drivers, restraints, and opportunities-
Increased demand for convenience food such as packaged food and ready-to-eat food drives the growth of the anti-caking agents market. On the other hand, strict government policies regarding the usage of chemical products restrain the growth to some extent. However, advent of top-end anti-caking agents and their features that benefit retailers to understand consumer behavior is expected to create lucrative opportunities in the industry.
Major Key Companies Involved:
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:
Europe garnered the major share in 2021-
By region, Europe held the major share in 2021, contributing to more than one-third of the global anti-caking agents market. The same region is also anticipated to showcase the fastest CAGR of 7.1% from 2022 to 2031. In order to satisfy consumer demand and increase overall production, European businesses are investing in their infrastructure. In light of all these influences, the market for bakery ingredients in this province is expanding with a full sway.
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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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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.
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