Increasing demand for accessibility of foods with characteristics such as improved quality and shelf life in developing economies of Asia has led to large use of food anti caking agents.
According to the report “Asia Pacific Food Anti Caking Agents Market By Type (Calcium Compounds, Sodium Compounds, Magnesium Compounds, Microcrystalline Cellulose And Silicon Dioxide) By Application (Spice, Seasoning And Condiments, Bakery, Flavor, Beverages, Dairy, Fruits And Vegetables And Chocolates) And By Region Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)” published by Market Data Forecast, The Asia Pacific Food Anti Caking Agents Market was worth $170.3 million in 2016 and estimated to be growing at a CAGR of 5.14%, to reach $218.8 million by 2021.
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Anti caking agents are treated or granular materials, used as additives to inhibit lumps in sources. For affluence of consumption, packing and moving, anti caking agents are mixed in grounded products.
Certain anticaking agents can solubilize in water, others are soluble in alcohols or different organic solvents.
The rising disposable incomes is driving the progress for food and beverages industry and thus driving the demand for Food Anti Caking agents. The accessibility of raw materials and the new technological innovations are causing in the growth of Food Anti Caking agents market in the Asia Pacific region.
Moreover, increasing awareness about packaged food products would enhance the market growth. On the other hand, factors like potential health hazard are likely to hinder to market growth.
Asia Pacific Food Anti Caking Agents Market is segmented by type into Calcium Compounds, Sodium Compounds, Magnesium Compounds, Microcrystalline Cellulose and Silicon Dioxide. Based on application the market is segregated into Spice, Seasoning and Condiments, Bakery, Flavor, Beverages, Dairy, Fruits and Vegetables and Chocolates.
The market for seasonings and condiments is expected to grow at a substantial rate mainly due to the change in consumer's tastes, improvements in food products, and aspiration to attain specific organoleptic properties in food products.
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Geographically the market is segmented into China, Japan, India, South Korea and Australia. China dominates the market for anti-caking agents in this region.
The expanding dairy industry and growing use of milk powders and Cheese is likely to drive the market for anti-caking agents in India.
Key companies operating in Asia Pacific Food Anti Caking Agents Market:
- Sasol Wax
- Fuji Chemicals Industries
- Chemipol S.A.
- Huber Engineered Materials
- Agropur Ingredients
- PPG Industries Inc.
- Grain Corporation
- IMAC Inc
- Evonik Industries AG
- Norkem Group
- Kao Chemicals
- PQ Corporation
- Bogdány Petrol Ltd
- Sweetener Supply Corp
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