The market growth is driven by the increasing customer preference for better-quality products with longer shelf-life, changing consumer tastes, growing product innovations, and a surge in demand for convenience food.
The Report "Food Anti-caking Agents Market by Type (Calcium Compounds, Sodium Compounds, Silicon Dioxide, Magnesium Compounds, Compounds, and Microcrystalline Cellulose), Application (Seasonings & Condiments, Bakery, Dairy Products, Soups & Sauces) & Region - Global Trends & Forecast to 2020", is projected to reach USD 822.0 Million by 2020.
Browse 90 market tables and 62 figures spread through 182 pages and in-depth TOC on "Food Anti-caking Agents Market - Global Trends & Forecast to 2020"
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The food anti-caking agents market is projected to grow at a CAGR of 4.5% from 2015 to 2020. The growing level of consumer inclination toward food of better quality has led to the rise in consumption and innovation of varied food ingredients, including food-coating ingredients (such as coffee, cocoa and chocolate powders), food & beverage premixes, and others (including baking powder and instant soup powder). The growth in the consumption of the food ingredients has resulted in a rise in demand for food anti-caking agents, owing to their important functionality of maintaining free-flowing ability, texture and other organoleptic properties, and enhanced shelf life.
Consequently, the growth in the consumption of food anti-caking agents is influenced by the rise in the consumption of different food ingredients.
Calcium compounds to dominate the global demand for food anti-caking agents
In 2014, Calcium compounds dominated the global demand for food anti-caking agents owing to their functionality and high suitability in product formulations. The market for silicon dioxide is poised for greater potential growth in the upcoming years.
Changing consumer tastes and increasing innovation in food products drive the demand for seasonings & condiments
The market for seasonings & condiments is projected to grow at a significant rate largely due to the change in consumer’s tastes, innovations in food products, and desire to obtain specific organoleptic properties in food products.
Demand for convenience, better quality, and longer shelf life—key to success in the Asia-Pacific region
Europe dominated the food anti-caking agents market in 2014 and is projected to remain the largest through 2020. China and India constituted the largest markets in Asia-Pacific in 2014 and are projected to drive the regional growth. Growing demand for convenience foods with characteristics such as better quality and shelf life in emerging economies of Asia has led to wide-scale usage of food anti-caking agents.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of these leading companies, which include Evonik Industries AG (Germany), PPG Industries Inc. (U.S.), and Agropur Ingredients (U.S.).
In terms of insights, this research report has focused on various levels of analyses—industry analysis, market share analysis of top players, and company profiles—which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the global food anti-caking agents market; high-growth regions, countries, and their respective regulatory policies; government initiatives; and drivers, restraints, and opportunities.
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