Anti Caking Agents Market Overview
Anticaking Agent is the food additive that prevents the development of lumps in certain solids by facilitating a free-flowing condition. They also assist in maintaining texture and other organoleptic properties and improve the shelf life of the products. Anticaking agents have applications in road salt, cosmetics, fertilizers, feed, and synthetic detergents. They are solvable in water, alcohol and other organic solvents.
The growing level of user inclination for enhanced food quality has led to the growth in consumption and development of diverse food ingredients, including food coating ingredients and food & beverage premixes. The rise in the consumption of the food ingredients has caused in an increase in demand for food anti-caking agents. Growing disposable incomes and increasing technological improvements in the food and dairy industry are acting as drivers for the growth of this market. Though, factors such as possible health threats and government regulations might be challenging for the growth of Food Anti Caking Agents Market.
Anti Caking Agents Market Forecast Report (2018-2023)
Food Anti Caking Agents Market was worth $713.91 million in 2018 and estimated to be growing at a CAGR of 4.4%, to reach $885.41 million by 2023.
Browse Report Brief and TOC @ https://www.marketdataforecast.com/market-reports/food-anti-caking-agents-market-2585/
Anti Caking Agents Market Segmentation
Global Food Anti Caking Agents Market is segmented by type into Calcium Compounds, Sodium Compounds, Magnesium Compounds, Microcrystalline Cellulose and Silicon Dioxide. Based on the application the market is segregated into Spice, Seasoning & Condiments, Bakery, Flavor, Beverages, Dairy, Fruits & Vegetables and Chocolates. The market for seasonings & condiments is anticipated to grow at a considerable rate largely due to the change in consumer tastes, improvements in food products, and target to attain specific organoleptic properties in food products.
Geographically the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Europe dominated the Food Anti Caking Agents Market in 2018 and is projected to continue as the largest during the forecast period. Growing demand for convenience foods with characteristics such as enriched quality and shelf life in developing economies of Asia has led to the extensive utilization of food anti caking agents.
The major companies dominating this market for its products and services are
- Sasol Wax
- Fuji Chemicals Industries
- IMAC Inc
- Evonik Industries AG
- Norkem Group
- Chemipol S.A.
- PPG Industries Inc.
- Grain Corporation
- Kao Chemicals
- PQ Corporation
- Huber Engineered Materials
- Agropur Ingredients
- Bogdány Petrol Ltd.
- Sweetener Supply Corp.